President William Ruto oversaw the disbursement of Sh126 million to 5,040 young entrepreneurs in Malindi, Kilifi County, from Lamu, Kilifi, and Tana River counties under the NYOTA Programme's Business Start-Up Capital component. This initial support provides Sh25,000 per beneficiary, with Sh22,000 for business and Sh3,000 to NSGF savings.

• The NYOTA Programme is expanding with an On-the-Job Experience component targeting 90,000 youth, where participants will receive a Sh6,000 monthly stipend for six months with master craftsmen.
• President Ruto highlighted that the NYOTA Programme aligns with the Bottom-Up Economic Transformation Agenda, aiming to provide opportunities for all young people.
• The World Bank Country Director Qimiao Fan praised the NYOTA Programme as inclusive and transparent, noting its success will be measured by the creation of employable youth and sustainable businesses.

President William Ruto is scheduled to launch the NYOTA project in Malindi, overseeing the disbursement of funds to beneficiaries in Kilifi, Tana River, and Lamu Counties at Buntwani Waterfront Park.

• Each beneficiary has received an initial Sh25,000 under the first phase of the NYOTA Start-Up Capital program, with Sh22,000 for business operations and Sh3,000 for savings.
• The initiative aims to empower youth and enterprises, with beneficiaries completing a four-day business skills training program.
• The second phase will disburse an additional Sh25,000, bringing the total support per beneficiary to Sh50,000.

The World Bank has publicly defended Kenya's National Youth Opportunities Towards Advancement (Nyota) programme, amid significant criticism from opposition leaders including Kalonzo Musyoka and David Maraga. The global lender asserts its support for the initiative as an "innovative, inclusive and transparent way to deal with unemployment among the youth" in Kenya.

• The World Bank is channeling $200 million (Sh25.8 billion) into the Nyota programme.
• Qimiao Fan, World Bank Country Director for Kenya, Rwanda, Somalia and Uganda, stated the program aligns with the World Bank's objective to create better and more inclusive jobs.
• Beneficiaries receive a total of Sh50,000 start-up capital, disbursed in two phases, with Sh22,000 for business operations and Sh3,000 deposited into a NSSF Haba na Haba Savings Account in the first phase.
• The program, a scaled-up version of the Kenya Youth Employment and Opportunities Program (KYEOP), is scheduled to run from June 21, 2024, to December 31, 2028.