, NAIROBI, Kenya, Jun 4 – The government through the Youth Enterprise Development Fund has set aside Sh270 million to establish Kenya’s version of the world famous Hollywood, Bollywood or Nollywood – a hub for production of cinema and television content.
Dubbed the Movie Village, the hub will help reduce the costs of producing movies in the country and consequently encourage Kenyans to embrace more locally produced content. Similar hubs will later be rolled out in the rest of the counties.
The Chairman Youth Enterprise Development Fund Gor Semelang’o told Capital FM News that the investment is in line with the Jubilee government’s manifesto to increase local content aired by television stations to 60 percent.
Semelang’o said another Sh250 million has been earmarked to support agri-businesses across the country saying already some projects have been successfully set up in Narok County.
“The young people in Kenya must be very optimistic about the Jubilee government because in their manifesto they indicated they will set aside 2.5 percent of the total budget, to go towards youth empowerment. That’s a huge amount of money to address unemployment and other challenges affecting young people,” he explained.
While urging the youth to get loans and start businesses, Semelang’o further said they have opened offices in all constituencies to tap the great potential among the young people in the country.
“We already have people working in these offices and one only needs to apply for the loan and off course armed with a business idea.”
Loans will be given to individuals and groups directly to ease the process. “We want to lend this money directly to increase the uptake as opposed to giving to banks and financial intermediaries.”
The government will also commence entrepreneurship training in the country to enhance skills among youths engaging in small business.
He added that, “The government will also invest in developing commercial infrastructures to be used by the young people across the country.”