The government has announced significant progress in the rollout of the National Youth Opportunities Towards Advancement (NYOTA) project, confirming that more than 12,000 young Kenyans have already received start-up capital under the initiative.
According to Micro, Small, and Medium Enterprises (MSMEs) Development Principal Secretary Susan Mang’eni, the State has disbursed a total of Ksh303,875,000 to 12,155 beneficiaries across various regions.
In a statement issued on Thursday, November 13, PS Mang’eni revealed that each beneficiary received Ksh22,000, with Ksh3,000 of that amount automatically deducted and directed toward mandatory savings.
In a statement issued on Thursday, November 13, PS Mang’eni revealed that each beneficiary received Ksh22,000, with Ksh3,000 of that amount automatically deducted and directed toward mandatory savings.
The savings component, she explained, is structured to promote financial discipline and support long-term economic stability among the youth.TO READ MOE, TAP HERE.