Gachagua presides over launch of KEPSA Youth Entrepreneurship Accelerator Program (K-YEEAP)

Gachagua presides KEPSA launch of KYEEAP
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Deputy President Rigathi Gachagua on Monday presided over the launch of the Kenya Youth Employment and Entrepreneurship Accelerator Program (K-YEEAP) by Kenya Private Sector Alliance. (KEPSA)

Gachagua said the young people should invest as they are the bigger number in the country and that will be a positive impact on the country.

The apex private sector body will also call to action on the drought situation in Kenya.

Deputy President Rigathi Gachagua and other officials during the launch of the Kenya Youth Employment and Entrepreneurship Accelerator Program on Monday, October 31, 2022.

“75 percent of Kenya’s Population is below the age of 35 years. We must plan well to turn this Population into a big blessing to this nation by investing in them to reap the Demographic Dividend ahead of Kenya’s Vision 2030, and the Africa Union Agenda 2063,” he said.

The program is an innovative youth employment solution that seeks to use a market development approach to create 1 million jobs and entrepreneurship opportunities for youth and women in the private sector in the next 5 years (2023 – 2027).

Officials, audiences during the launch of the Kenya Youth Employment and Entrepreneurship Accelerator Program on Monday, October 31, 2022.

According to the Kenya Population and Housing Census Report, (2019), youth unemployment in the country stands at 38.9pc with about 5.3 million youth unable to secure decent jobs.

It is projected that over nine million youth will be entering the labor market by the year 2030.

In this regard, K-YEAAP will work to accelerate and scale up small enterprises through financing, access to markets, business coaching and mentorship while increasing access to supply chain opportunities from large enterprises.

It will also support the digital transformation of small businesses, increase digital and digitally-enabled job opportunities for young people as well as public sector digital transformation for efficient service delivery and job creation.

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Further K-YEEAP will increase relevant and market-oriented skills for industry transformation by working closely with the TVET ecosystem.

Cabinet Secretary for Youth Affairs, Sports and Arts Ababu Namwamba with other officials during launch of the Kenya Youth Employment and Entrepreneurship Accelerator Program on Monday, October 31, 2022.

The initiative also seeks to scale up 200,000 small enterprises, establish 47 County business hubs and accelerate 10,000 start-ups.

Objectives

  • Catalyze, accelerate and scale small enterprises through financing, access to markets, business coaching and mentorship while increasing access to supply chain opportunities from large enterprises.
  • Support digital transformation of small businesses, increase digital and digitally-enabled jobs opportunities for young people as well public sector digital transformation for efficient service delivery and job creation.
  • Increase relevant and market-oriented skills for industry transformation by working closely with the TVET ecosystem.

How to apply for jobs

KEPSA urged Kenyans under the age of 35 to apply for the training and employment opportunities on their website kepsa.or.ke.

The applicants must have completed secondary school education, and have no pending criminal records.

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Joshua Kalata

Joshua Kalata

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