CBK Cuts Lending Rates; Government Launches NYOTA Youth Grants and Job Vacancies - October 2025

The Central Bank of Kenya's Monetary Policy Committee cut the Central Bank Rate by 25 basis points, a move expected to lead to more affordable loans. President William Ruto has launched NYOTA (National Youth Opportunities Towards Advancement), a program offering Sh50,000 grants and training to over 820,000 young Kenyans. Separately, the Kenyan government announced over 60 job vacancies across various agencies, including Clerk of Works positions at the National Housing Corporation with a salary of Ksh60,000 per month. At the county level, the Kisumu County Government has launched a housing renewal program to replace old homes with modern high-rise apartments.