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HomeDaily NewsTuesday, August 12, 2025President Ruto Announces Youth Bank, Training Project, and Sh163M Fund - August 2025
Breaking News & Top Stories3 stories from 2 sources

President Ruto Announces Youth Bank, Training Project, and Sh163M Fund - August 2025

President William Ruto announced several initiatives aimed at youth employment during International Youth Day celebrations in Kakamega. He announced the establishment of a new Youth Enterprise Investment Bank to provide financing, credit guarantees, and capacity building for youth-led businesses. The government also plans to train 90,000 young people and certify 20,000 others under the National Youth Opportunities Towards Advancement (NYOTA) Project to combat unemployment. Additionally, President Ruto issued a Sh163 million cheque to support 816 young Kenyans traveling abroad for work under the Kazi Majuu programme, with the funds set to cover airfares, visas, and settlement costs.

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Tuesday 3:19 PMCapital News

Govt to train 90,000 Youths, certify 20,000 others to tackle unemployment

Govt to train 90,000 Youths, certify 20,000 others to tackle unemployment

President William Ruto announced the Kenyan government's plan to train 90,000 young people and certify 20,000 others under the National Youth Opportunities Towards Advancement (NYOTA) Project to combat unemployment and boost job opportunities.

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Key Highlights

President William Ruto announced the Kenyan government's plan to train 90,000 young people and certify 20,000 others under the National Youth Opportunities Towards Advancement (NYOTA) Project to combat unemployment and boost job opportunities.

  • The training targets youths aged 18-29, with applications for the apprenticeship program open until August 15.
  • President Ruto stated the plan is part of a broader strategy to create 1.2 million jobs annually.
  • The NYOTA Project will also provide business development services, mentorship, and start-up capital of KSh50,000 to 100,000 youth entrepreneurs.
Tuesday 1:08 PMKenyansFirst

Ruto Announces Creation of New Govt-Owned Bank

Ruto Announces Creation of New Govt-Owned Bank

President William Ruto announced the establishment of a new Youth Enterprise Investment Bank to support youth-led businesses in Kenya. Speaking in Kakamega during International Youth Day celebrations, he stated the bank will provide financing, credit guarantees, and capacity building.

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Key Highlights

President William Ruto announced the establishment of a new Youth Enterprise Investment Bank to support youth-led businesses in Kenya. Speaking in Kakamega during International Youth Day celebrations, he stated the bank will provide financing, credit guarantees, and capacity building.

  • The bank will be capitalized at Ksh9.75 billion.
  • The project aims to be rolled out before the end of 2025.
  • The government will also distribute Ksh50,000 each to youth starting businesses through the National Youth Opportunities Towards Advancement (NYOTA) program starting September 2025.
Tuesday 2:16 PMCapital News

Ruto gives 816 youths taking jobs abroad Sh163mn Boost

Ruto gives 816 youths taking jobs abroad Sh163mn Boost

President William Ruto has issued a Sh163 million cheque to support 816 young Kenyans traveling abroad for work under the Kazi Majuu programme. The funds, announced during International Youth Day in Kakamega, will cover airfares, visas, and settlement costs for beneficiaries securing overseas jobs.

Read Story

Key Highlights

President William Ruto has issued a Sh163 million cheque to support 816 young Kenyans traveling abroad for work under the Kazi Majuu programme. The funds, announced during International Youth Day in Kakamega, will cover airfares, visas, and settlement costs for beneficiaries securing overseas jobs.

  • The Kazi Majuu programme is part of a broader labor mobility push that has seen 420,000 youth secure jobs overseas in the past two and a half years.
  • President Ruto emphasized that youth are the "driving engine powering Kenya's rise to greatness."
  • Other youth initiatives include expanding TVET (enrolment from 180,000 to over 700,000), the Affordable Housing Programme (161,000 units under construction), Climate WorX (45,000 youth involved), and the Hustler Fund (Sh72 billion disbursed).
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