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Over 5,000 youths set to receive business startup grants through the Kenya Youth Employment and Opportunities Project (KYEOP)

To unlock the entrepreneurial capacity among the youth, the Micro and Small Enterprises Authority in partnership with the World Bank is implementing component 2 of KYEOP (Kenya Youth Employment and Opportunities Project) on Support for Job Creation through provision of business start-up grants and business development services training to vulnerable youth aged between 18-29 years.

To date, the project has benefited 76,361 youth through issuance of business startup grants and 76,316 youth have received business development services training. Grants worth over Ksh 3.027 Billion have been disbursed to the youth across the selected seventeen Counties.

An additional 5,000 youth are set to benefit from the start-up grants and online business development services training in the second cohort of the eighth cycle.

Employment tracking shows 88% of youth who received the grant have started or expanded their business. Out of the 88%, 46% had employed other youth within the same target group. There’s been drastic improvement on youth income levels after the grant showing a reduction in those earning zero income from 25.9% to 7.3% of the population monitored. 49% of Grant and BDS beneficiaries were women.

The initial target for business start-up grants was 30,000 youth. However with the tremendous performance realized under this sub-component, the savings from other interventions across the agencies were incorporated to enhance the target to 80,000 youth across the 17 implementing counties.

The Business Development Services (BDS) training is meant to equip the youth with entrepreneurship and managerial skills to help them grow their business. BDS training entailed classroom training – a four day face-to-face training on business skills, Business Coaching/Counselling – Short term face-to-face proactive business counselling in the youth’s business premises (field visits) which were later phased out by Digital BDS training in the wake of the Covid-19 pandemic. For more information on the project, visit; https://msea.go.ke/kyeop/

KYEOP Cycle 8b grants orientation in Kakamega County.

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