Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
The programme dubbed "2JIAJIRI" is geared towards easing the country's unemployment crisis and seeks to help youthful entrepreneurs within the informal sector/FILE

Kenya

KCB Bank Group targets 2.5mn jobs in five years

The programme dubbed "2JIAJIRI" is geared towards easing the country's unemployment crisis and seeks to help youthful entrepreneurs within the informal sector/FILE

The programme dubbed “2JIAJIRI” is geared towards easing the country’s unemployment crisis and seeks to help youthful entrepreneurs within the informal sector/FILE

NAIROBI, Kenya, Mar 9 – Kenya Commercial Bank Group is targeting to create about 2.5 million jobs in the next five years through its ambitious Sh50 billion enterprise development programme.

The programme dubbed “2JIAJIRI” is geared towards easing the country’s unemployment crisis and seeks to help youthful entrepreneurs within the informal sector.

The programme is expected to benefit at least 500,000 entrepreneurs in five years who are in turn expected to create 2.5 million direct and indirect jobs in the period.

KCB Group CEO Joshua Oigara says the programme will provide the beneficiaries with the vocational and enterprise development skills necessary to drive employment and wealth creation in selected sectors such agricultural enterprise, automotive engineering, construction, beauty and domestic services.

“We have worked out a comprehensive youth empowerment programme informed by our belief that the youth hold the greatest sway in the pace and trajectory that the East African economy will take into the future,” Oigara stated.

In the next five years Sh10 billion will be used annually towards driving this enterprise development programme.

“We want to dignify the informal sector and give it the skills-set needed to churn the next generation of businesses for the informal sector,” he added.

The programme targets both existing and potential entrepreneurs.

For existing entrepreneurs “2JIAJIRI” seeks to up skills and formalise the technical and enterprise skills of the selected youthful entrepreneurs.

Upcoming entrepreneurs on the other hand will receive technical skills, financial support for startups and business advisory services.

Advertisement. Scroll to continue reading.

Already, 2,000 youths have begun classes in 89 institutions spread across the country for the various 3-6 months courses.

After their training, the graduates will be put under a 12 months incubation programme.

“Entrepreneurship and innovation are an integral part of our DNA. We operate under innovative platforms and with an incubation programme, we will promote ideas, offer mentorship, provide concepts and methods to create an optimal environment for free enterprise,” Oigara added.

On his part, KCB Group Chairman Ngeny Biwott said the programme fits well within Kenya government’s resolve to boost youth employment, potentially raising country’s economic prospects.

“We believe that through partnerships with organisations, we can redefine the youth unemployment challenges we are facing,” said Biwott.
A total of over 1.3 million new employment places need to be created annually to meet the rising demand for jobs.

Pages: 1 2

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...