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• Mon Jun 2 2025

President William Ruto has announced that 100,000 young Kenyans will receive KSh 50,000 each in seed capital beginning August 2025.

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President William Ruto addressing the crowds during the Madarak Day celebrations at Raila Odinga stadium. Photo: @WilliamsRuto.

Source: Twitter

The money will be distributed to applicants under the new National Youth Opportunity Towards Advancement (NYOTA) project, which can be accessed through the hustler fund platform.

Speaking during the 62nd Madaraka Day celebrations at the Raila Odinga Stadium in Homa Bay, Ruto said the KSh 20 billion programme is a government partnership with the World Bank aimed at enhancing youth employability and entrepreneurial capacity.

?The World Bank to roll out the KSh20 billion National Youth Opportunity Towards Advancement (NYOTA) project. This initiative aims to empower over 800,000 youth aged 18?29 years and up to 35 years for those with disabilities, by enhancing employability through skills training, on-the-job experience, recognition of prior learning, entrepreneurial development, and the promotion of a savings culture,? the president said.

The NYOTA project will leverage the Hustler Fund platform and has already drawn over 1 million applicants for its business support.

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How much will applicants get from NYOTA project?

President Ruto revealed that KSh 5 billion has been allocated for grants to support 100,000 young people.

Each of them will receive KSh 50,000 as seed capital to kick-start their entrepreneurial journeys starting in August this year.

"We have committed KSh 5 billion in grants to support 100,000 young people, each receiving KSh 50,000 in seed capital to start their entrepreneurial journey by August this year," Ruto stated.

At least 70 youth from each constituency will benefit through a blend of grant funding, business training, and market linkage support.

Source: TUKO.co.ke