President William Ruto has ordered a two-year business permit waiver for beneficiaries of the National Youth Opportunities Towards Advancement (NYOTA) programme.

• A two-year business permit waiver will be implemented for NYOTA beneficiaries.
• The directive was issued by President William Ruto to the Intergovernmental Budget and Economic Council (IBEC) and county governments.
• This measure aims to reduce regulatory barriers for young entrepreneurs supported by the government initiative.

President William Ruto has launched the second phase of the Nyota Start-Up Capital Programme, a $5-year initiative aimed at empowering young Kenyan entrepreneurs.

• The programme targets 820,000 unemployed youth aged 18-29 (up to 35 for Persons with Disabilities) with Form 4 education or below.
• Financed by the World Bank, the initiative addresses youth unemployment and fosters entrepreneurship.
• The launch took place at the Ulinzi Complex, Nairobi County.

President William Ruto has officially launched phase two of the Nyota Programme, a significant initiative aimed at empowering Kenyan youth.

• Key focus on youth empowerment and economic opportunities.
• Involves the government and key youth-focused organizations.
• Second phase promises to expand the reach and impact of the program.

The Kenyan government has disbursed the second tranche of the Nyota grant, benefiting 122,000 young people. This disbursement marks a significant step in the Nyota Phase Two rollout, aimed at supporting youth initiatives.

• The disbursement involves a grant specifically for 122,000 youths.
• The Kenyan government is the key organization involved in this initiative.
• This is the second tranche of funds released under the Nyota Phase Two program.

Approximately 7,000 youth from Uasin Gishu, Elgeyo Marakwet, and Nandi counties have received funding through the Nyota initiative. This program aims to empower young entrepreneurs by providing capital to start and manage small businesses.

• 7,000 young people are set to benefit from these funds.
• The Nyota initiative is responsible for distributing the capital.
• The funds are specifically designated for starting and running small businesses.

Deputy President Kithure Kindiki has launched the second phase of the NYOTA Programme disbursements in Nakuru.

• The program benefits residents from Nakuru, Baringo, and Nyandarua counties.
• The initiative is overseen by Deputy President Kithure Kindiki.
• This marks the second phase of disbursements for the NYOTA Programme.

President William Ruto has directed government financing institutions to create a new funding product for beneficiaries of the National Youth Opportunities Towards Advancement (NYOTA) programme who need expansion capital for their businesses.

• Ksh50,000 in total support for 88,934 previous beneficiaries, with 122,203 young entrepreneurs receiving support in the latest disbursement.
• President William Ruto and government financing institutions including the Youth Enterprise Development Fund, Uwezo Fund, and Women Enterprise Fund.
• The new "NYOTA Growth Product" aims to provide young entrepreneurs with access to bigger financing, equipment, and market opportunities beyond their initial start-up grant.

President William Ruto has ordered county governments to waive business permit fees for two years for beneficiaries of the National Youth Opportunities Towards Advancement (NYOTA) Programme, aiming to reduce the cost of doing business for young entrepreneurs.

• Over Ksh3.05 billion was disbursed to more than 122,000 young entrepreneurs across 47 counties under the NYOTA Programme.
• Key figures involved include President William Ruto and county governments, coordinated by the Intergovernmental Budget and Economic Council (IBEC) and the Ministry of Co-operatives and MSMEs Development.
• The waiver aims to allow young enterprises time to grow before incurring compliance costs, as highlighted during the launch of the second tranche of the NYOTA Start-Up Capital Programme on Friday at the Ulinzi Sports Complex, Nairobi.