Mbelenabiz business plan competition by The Kenya Youth Employment Opportunities Program (KYEOP) with support from the World Bank has been launched
The CEO Micro and Small Enterprise Authority Mr. Henry Rithaa said that the launch aims to select 750 successful youth applicants who will be granted a minimum of Kshs 900,000 and maximum of Kshs 3.6 million to start their businesses.
“This competition is set to run for three months between June 24-Sep 2, 2019 and Klynveld Peat Marwick Goerdeler (KPMG) Advisory Services has been contracted to run the competition and the winners will be notified in November 2019 and will be undertaken 3 months business training from Dec 2019 to Feb 2020,” he said.
The CEO said that project is looking for individuals who demonstrate that their business have commercial viability, scalability and show creativity in terms of uniqueness.
Cabinet Secretary for industry, trade and social protection Peter Munya expressed the government readiness to support such initiatives saying the project was a great move and all the support needed from his ministry will be provided.
He said the competition will be implemented by the Micro and Small Enterprises Authority (MPYG) and the ministry of public service, youth and gender affairs (MPYG), with support from the World Bank.
“This project is intended to support our young people who have good business ideas or expand existing youth-led businesses by providing them with grant funding and business plan training,” he said.
During the launch Munya said all youths across the country should take advantage of the project and urged then to send applications before the deadline.
“We are aware that a nation that has a big percentage of their youths working means a future that is economically build and therefore urge the youths to turn up in large numbers and apply for this competition,” he said.
Munya strongly condemned any form of corruption throughout the whole process urging the KYEOP leaders to be very strict and give only deserving youths a chance to improve their livelihoods.
The cabinet secretary ministry from public service, youth and gender affairs Margaret kobia said government mission for the youth must be achieved by all means and therefore all the Kenyan youths will be given an equal opportunity in the competition.
“All the youths should send in their applications those who cannot access the internet will use the youth’s department offices in their sub counties and get application forms,” she said