President William Ruto has launched the disbursement of KSh 258.4 million for young entrepreneurs in Nairobi, Kiambu, and Kajiado counties under the National Youth Opportunities Towards Advancement (NYOTA) Project Programme, assuring beneficiaries of continuous mentorship and training to ensure business success.

• A total of 10,337 young entrepreneurs in the three counties will each receive an initial KSh25,000 for business start-up or expansion.
• The government will provide ongoing mentorship to beneficiaries, helping them address challenges until their businesses succeed.
• KSh22,000 will be credited to each beneficiary’s Pochi la Biashara account, with KSh3,000 deposited into their Haba na Haba Savings Account managed by the National Social Security Fund.
• The NYOTA Programme aims to support 820,000 young entrepreneurs across all 47 Counties in its first phase, with beneficiaries receiving an additional KSh25,000 in the second phase, totaling KSh50,000 per individual.

Nairobi Governor Johnson Sakaja has announced a two-year waiver on business permits and licenses for young entrepreneurs benefiting from the NYOTA Fund in Nairobi. This initiative aims to foster youth entrepreneurship and economic growth in the capital.

• Over Ksh700 million was distributed to youths from Nairobi, Kiambu, and Kajiado counties at Kasarani Stadium on January 19.
• The waiver applies to youths establishing businesses in Nairobi after receiving funds from the NYOTA programme.
• The NYOTA programme, launched by President William Ruto, seeks to empower over 800,000 youths nationwide with Ksh 50,000 in business capital.