Ruto's Ksh 50,000 Youth Empowerment Plan: Nyota Initiative Launched

President Ruto Announces Ksh 50,000 Grants for 100,000 Young Kenyans. On Madaraka Day, in Homa Bay, Kenya, President William Ruto unveiled the Nyota initiative, a Ksh 20 billion program designed to support 100,000 young Kenyans aged 18-29. This initiative, developed in partnership with the World Bank, aims to provide each recipient with a Ksh 50,000 grant (with an extension to 35 years old for those with disabilities). The funds are intended to jumpstart entrepreneurial endeavors. The President stated, "This initiative aims to empower young people by enhancing their employability through skills training and entrepreneurial development." The program leverages the Hustler Fund platform and has already attracted over one million applicants for its business support component. This initiative is expected to significantly impact youth unemployment and stimulate economic growth across Kenya. This ambitious project signals a commitment to investing in Kenya's young generation and fostering a culture of entrepreneurship.