Kenyan President Uhuru Kenyatta on Tuesday announced a raft of state incentives that aim to encourage youth entrepreneurship to help alleviate joblessness in the country.

Speaking during the introduction of July’s Global Entrepreneurship Summit in Nairobi, Kenyatta revealed that the government has finalized a review of legislative frameworks to enable enterprising youth access state grants.

“As a government, we have evaluated options that would enable the youth thrive in business. There is an ongoing dialogue with industry to link up the youth to opportunities that would make them self reliant,” Kenyatta said.
Kenya will be the first country in Sub-Saharan Africa to hold the Global Entrepreneurship Summit. The United States (U.S.) President Barrack Obama will attend the summit that will discuss business opportunities.

Kenya has one of the most innovative and enterprising youth in Sub-Saharan Africa. Kenyatta has urged established enterprises in the country to share their accumulated experience, skill and capital with younger innovators.

He said the move would ensure larger markets, greater productivity, and the building and strengthening of Kenyan and African institutions.

“We know that innovators and entrepreneurs can formulate and implement brilliant ideas in Bangalore as well as in Nairobi, in Dublin as well as in Dakar,” the president said, noting that a mark of that globalization is President Obama’s visit to the summit next month.

Kenyatta said the government has initiated robust programs to expand opportunities for the youth. He said time is ripe for openness in Kenya to make it easier for men and women from different land, of different religions and different languages to come and work with Kenyans.

He observed that in its rounds about the globe, the Summit has grown and enhanced its capacity to influence greater positive outcomes and touch more lives.

“The honor of hosting this year’s summit is an immense credit to Kenya. It is a deserved recognition of our endeavors to foster entrepreneurship for socioeconomic transformation and the empowerment of our people,” he said.
He pointed out that Kenya’s role as an economic leader in the region is tied to its consistent endeavor to impart the spirit of enterprise to women, youth, the traditionally marginalized and persons with disability.
Despite the lack of competitive advantages in the form of valuable natural resources, the president said the strong entrepreneurial spirit has stood the country in good stead and enabled Kenyans to fight it out in the big leagues continentally and globally. Enditem



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