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May 8, 2010 The Youth Enterprise Development Fund was established in year 2006 with
the sole purpose of reducing unemployment among the youth who account
for over 61% of the unemployed in the country. The target of the fund
is young people within the age bracket of 18 to 35 years who number 13
million. The fund was then transformed into a State Corporation on 11th
May 2007. Its strategic focus is on enterprise development as a key strategy
that will increase economic opportunities for, and participation by Kenyan
youth in nation building. The government has so far released KSh. 1.75
billion to the fund with a further commitment of Ksh. 500 million in the
financial year 2008/09. See snippet of interview here: http://nairobi.tujuane.com/featuresview.php?mediaID=296&ID=9 |
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