The government just dropped a massive cash infusion for young biz owners. President William Ruto was present for the handover of over two hundred fifty-eight million shillings through the NYOTA program at Moi International Sports Centre in Kasarani. That funding targets ten thousand three hundred thirty-seven entrepreneurs across Nairobi, Kiambu, and Kajiado counties.
Each person gets twenty-five thousand shillings as startup capital. Most of it, twenty-two thousand, lands in a Pochi la Biashara account per recipient. Another three thousand goes into a Haba na Haba savings account managed by the National Social Security Fund. Ruto argued the state wants to empower young Kenyans with digital jobs.
He told attendees they could find work online without connections through new government platforms. The NYOTA project is a partnership valued at five billion shillings. It plans to offer training and mentorship alongside the cash. Approved business plans must guide how the grants get used, with ongoing support provided.
A future phase will distribute an additional twenty-five thousand shillings to each participant. Deputy President Kithure Kindiki praised the program for supporting youth entrepreneurship regardless of formal education or skills. He confirmed that seventy people from every ward in the three counties received support.
Sixteen additional counties are slated for a later disbursement phase. Those areas include Kilifi, Lamu, Tana River, Mombasa, Kwale, and Taita Taveta. Kisumu, Siaya, Homa Bay, Migori, Nyamira, and Kisii are also on the list. Marsabit, Garissa, Mandera, and Wajir round out the planned future regions.
Each person gets twenty-five thousand shillings as startup capital. Most of it, twenty-two thousand, lands in a Pochi la Biashara account per recipient. Another three thousand goes into a Haba na Haba savings account managed by the National Social Security Fund. Ruto argued the state wants to empower young Kenyans with digital jobs.
He told attendees they could find work online without connections through new government platforms. The NYOTA project is a partnership valued at five billion shillings. It plans to offer training and mentorship alongside the cash. Approved business plans must guide how the grants get used, with ongoing support provided.
A future phase will distribute an additional twenty-five thousand shillings to each participant. Deputy President Kithure Kindiki praised the program for supporting youth entrepreneurship regardless of formal education or skills. He confirmed that seventy people from every ward in the three counties received support.
Sixteen additional counties are slated for a later disbursement phase. Those areas include Kilifi, Lamu, Tana River, Mombasa, Kwale, and Taita Taveta. Kisumu, Siaya, Homa Bay, Migori, Nyamira, and Kisii are also on the list. Marsabit, Garissa, Mandera, and Wajir round out the planned future regions.
