Gov’t to mobilize Ksh 126B to turn NYS into profitable state corporation

184

Gov't to mobilize Ksh 126B to turn NYS into profitable state corporation

The government is seeking to mobilize Ksh 125.61 billion in the next five years to turn the National Youth Service (NYS) into a profitable state corporation. 

KBC Radio_KICD Timetable

This will be achieved through technical and vocational training for Kenyan youth with a focus on enterprise development and commercialization of some activities.

ICT, Innovation and Youth Affairs Cabinet Secretary Joe Mucheru says bankable innovation will be funded to for mass market.

Also Read  Mitumba traders ask govt to clear way for resumption of trade

Youth innovation in the form of an electric Tuk Tuk, a simple but effective transport solution at a time when the country seeks to create employment through sustainable growth in innovation.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153

For more innovation like these to come to fruition, the youth have been called upon to alleviate societies’ challenges in order to lead the country to industrialization.

Also Read  Equity recognised among best banks globally

Speaking during the unveiling of sustainable youth innovation and the new 2019-2024 National Youth Service strategic plan, CS Mucheru said the government is targeting to increase financial and opportunity access to innovations which will accelerate attainment of the sustainable development goals.

Also Read  Govt to publish names of firms shortlisted to lease sugar factories

Public Service and Gender CS Prof Margaret Kobia further backed the plan to turn NYS into a profitable corporation through the provision of employment opportunities for youth and enhancing their inclusion in national development.

In the current financial year, NYS was allocated Ksh 10.2 Billion.

KBC-You-tube-728x90-New-2

Tell Us What You Think