KENYAN YOUTHS TO RECEIVE KSH 50,000 FROM NYOTA FUND

The government, through the Ministry of Cooperatives, has rolled out a new youth fund program aimed at empowering young Kenyans . This National Youth Opportunities Towards Advancement ( NYOTA) will provide a sum of Ksh 50,000 to Kenyan youths aged 18-29.

Speaking before the National Assembly Committee on Trade and Cooperatives, the Ministry explained that, this fund, will benefit 70 youths in each county.

The NYOTA initiative , courtesy of the World Bank, is an expansion of the Kenya Youth Empowerment Program (KYEOP), purposing to, improving youth employment, boosting income, and promoting a saving culture among vulnerable young people.

Caroline Kioko, MSEA Project Coordinator and Evans Ballut, Senior Enterprise Development Officer clarified that each youth will receive Ksh50,000 to help start or grow their businesses, with an aim of impacting over 100,000 youths across the country.

“Beneficiaries will receive a comprehensive package that includes grants, BDS training, and mentorship. Over 100,000 youths with business ideas will benefit from Ksh50,000 in startup capital to begin or sustain their businesses,” Kioko explained.

This Ksh50,000 will be issued in instalments of Ksh25,000 each, targeting youths with Form Four certificates or lower and also school dropouts. The Nyota fund is open to youths , specifically aged 18 to 29 years, and up to 35 years for those having disabilities.

Interested youth can submit their applications through the following procedures;
Dial *254#, then select the NYOTA Project option and follow the prompts to complete your application.

Those requiring assistance can visit, the State Department for Youth Affairs and Creative Economy or Micro and Small Enterprise Authority offices near you.

The application period is set to expire on 30th April 2025.