Ruto promises expansion capital for NYOTA beneficiaries

President William Ruto has directed government financing institutions to develop a dedicated funding product for National Youth Opportunities Towards Advancement (NYOTA) beneficiaries whose businesses require additional capital to expand...

✨ Key Highlights

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.

Continue Reading

Read the complete article from KBC Top Stories

📰 Read Full Article

Related News

top2h ago

Ruto orders two-year business permit waiver for NYOTA beneficiaries

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.

KBC Top Stories

📰 Read Full Story

Video

President William Ruto Launches Second Phase of NYOTA program

Citizen TV (Youtube)

3h ago

top5h ago

World Bank Raises Concerns Over Ruto's Ksh5 Trillion Fund

The World Bank has expressed concerns that Kenya's new National Infrastructure Fund (NIF), intended to finance major projects through asset sales and privatization, will not resolve the country's underlying revenue collection issues.

Kenyans

📰 Read Full Story