Cabinet clears rollout of WB-backed NYOTA youth empowerment plan
The project, co-funded by the Government of Kenya and the World Bank through a USD229 million concessional credit, aims to provide on-the-job training, entrepreneurship support, Recognition of Prior Learning (RPL) certification, and seed capital for startups. - Kenya breaking new..
✨ Key Highlights
The Kenyan Cabinet has approved the rollout of the National Youth Opportunities Towards Advancement (NYOTA) Project, a Sh30 billion youth empowerment initiative aimed at supporting over 820,000 young Kenyans. This decision comes amidst significant funding challenges for the World Bank-backed program.
- The NYOTA Project is co-funded by the Government of Kenya and the World Bank through a USD229 million concessional credit.
- President William Ruto defended the initiative, emphasizing its role in "restoring dignity to our young people."
- The program faces a Sh7.6 billion budget deficit, as warned by Principal Secretary for MSME Development Susan Mangeni, with only Sh1.2 billion allocated by Parliament for the current financial year.
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Cabinet Approves Sale of Kenya Pipeline Company and Other Initiatives - July 2025
The Cabinet has approved a significant step to privatize a portion of the Kenya Pipeline Company (KPC) by listing its shares on the Nairobi Securities Exchange (NSE), as part of President William Ruto's government's privatization agenda to reduce state budget allocations and enhance efficiency. This decision, however, has sparked public outrage, with the Motorists Association of Kenya (MAK) opposing the move due to concerns over transparency and the potential threat to a vital national asset. In a related development, the Cabinet has also cleared the rollout of the World Bank-backed National Youth Opportunities Towards Advancement (NYOTA) Project, a Sh30 billion initiative aimed at supporting over 820,000 young Kenyans, despite facing significant funding challenges. Additionally, the Cabinet has approved increasing payouts to road contractors from 40 percent to 80 percent of verified claims, leveraging funds from the securitization of the Road Maintenance Levy Fund (RMLF), a measure set to unlock stalled projects nationwide.
