750 youth set to get World Bank startup funding

Jobseekers in Nairobi. Kenya has the highest unemployment rate in the region. FILE PHOTO | NMG

Kenya is preparing a competition that will offer 750 youth up to Sh3.6 million grants each to create start-ups or expand their ventures in a programme meant to fuel entrepreneurship and tackle unemployment.

This comes after the World Bank, which is funding the initiative, released Sh15 billion it had committed to the project in 2016.

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Note: The results are not exact but very close to the actual.