24 February 2014

Kenya: No Interest On Youth Fund, Says Kitty Boss

YOUTH funds will attract no interest, Youth Enterprise Development Fund chairman Gor Semelang'o has said. However, five per cent will be charged for administration

Addressing the media yesterday at Saint James ACK Church at Buruburu during training, Semelang'o said several programmes geared for youth building capacity have been set up in all constituencies.

"We will review the rates downwards to ensure the funds are interest free. We have also established 290 offices in all the constituencies to train them on how to manage and effectively utilise these funds," he said.

"We must build those skills for the young people to ensure they have the right skills for entrepreneurship" he said.He said the programme will also be inclined to comply with sharia Muslim laws so that young people subscribing to the faith also benefits.

President Uhuru's administration promised youth, women and persons living with disabilities at least 30 per cent of all supply contracts to the government.

Semelang'o said youth should get Access to Government Procurement Opportunities certificates in order to get tenders and contracts.

"Youth, Women and Persons with Disability owned enterprises should get AGPO certificates to access government tenders and contracts that the government earmarked for them," he said.

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