World Bank deploys blockchain to safeguard NYOTA youth funds
NAIROBI, Kenya, Nov 16 - The World Bank says it is deploying blockchain technology to ensure that funds under the National Youth Opportunities Towards Kenya breaking news | Kenya news today |..
✨ Key Highlights
The World Bank is deploying blockchain technology within Kenya's National Youth Opportunities Towards Advancement (NYOTA) Project to guarantee that funds reach intended beneficiaries, enhancing transparency and accountability.
- The blockchain framework creates an immutable trail of transactions, reducing the risk of mismanagement or political interference for funds under the NYOTA Project.
- The World Bank confirmed its commitment to strong governance and transparency in a letter on November 13, 2025, to High Court advocate Francis Wanjiku.
- Launched in June 2023, the NYOTA Project targets youth across all 1,450 wards in Kenya, providing business support, skills training, and employment opportunities.
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Partnerships Deploy Blockchain, AI, and Digital Payments in Kenya and East Africa - November 2025
The World Bank is deploying blockchain technology within Kenya's National Youth Opportunities Towards Advancement (NYOTA) Project to guarantee funds reach intended beneficiaries and improve accountability. Separately, Shamiri Institute in Kenya has launched shamiriAI, an artificial intelligence platform aimed at providing scalable mental health support to young people across Africa. This initiative positions Kenya as a hub for socially targeted AI solutions. In another partnership, Pesapal and KCB Bank Kenya are collaborating to digitize and modernize operations for over 10,000 fuel dealers across East Africa. This will be achieved through the rollout of Pesapal’s Forecourt Management Solution.
