President Ruto Leads Nationwide Disbursement of Second NYOTA Business Start-up Capital Tranche

By Christopher mbiti -

Nairobi, Kenya| 10 July 2026 

President William Ruto has today  led the nationwide disbursement of the second tranche of the NYOTA Business Start-up Capital programme, with more than 122,000 young entrepreneurs each receiving KSh 25,000 to support the growth and expansion of their businesses.


The launch was held at the Ulinzi Sports Complex and featured a first-of-its-kind live national broadcast that linked 18 simultaneous events across the country. Cabinet Secretaries and Principal Secretaries participated as live correspondents, while NYOTA beneficiaries shared testimonies on how the programme has impacted their businesses. The event was jointly carried live by more than eight media stations.


Speaking during the event, President Ruto said the initiative is aimed at empowering young entrepreneurs by providing them with the financial support needed to establish and grow sustainable enterprises, ultimately creating jobs and contributing to Kenya's economic development.

The Head of State also announced new measures to ease the cost of doing business for NYOTA beneficiaries. He directed the Intergovernmental Budget and Economic Council (IBEC), chaired by Deputy President Prof. Kithure Kindiki, to develop a framework that will grant beneficiaries a two-year waiver on business license fees.


In addition, President Ruto directed Government Catalytic Funds, including the Youth Enterprise Development Fund, Women Enterprise Fund, Uwezo Fund and Kenya Industrial Estates, to develop financing products that will enable NYOTA beneficiaries to access additional capital and expand their businesses beyond the initial grant.

Representing the Council of Governors, Nairobi Governor Johnson Sakaja announced that Nairobi County will introduce a zero-rated business license for NYOTA beneficiaries through the county's Unified Business License Platform. The move is expected to reduce the financial burden on young entrepreneurs and encourage business formalization.

President Ruto praised the beneficiaries for demonstrating strong entrepreneurial ambition and resilience, commending their commitment to building sustainable businesses that will drive economic growth and create employment opportunities across the country.



The NYOTA Business Start-up Capital programme is part of the government's broader strategy to tackle youth unemployment by supporting entrepreneurship through direct financial assistance and access to affordable financing.


Comments

Post a Comment

Popular posts from this blog

Thousands of Kenyans Join DMI Annual Diabetes Walk to Raise Awareness and Support Children Living with Type 1 Diabetes

Image
 By Christopher mbiti  Nairobi, Kenya|11 July 2026, Thousands of Kenyans has today Saturday gathered at the Carnivore Grounds in Nairobi for the 2026 Kenya Diabetes Management and Information Centre (DMI) Annual Diabetes Walk, a campaign aimed at raising awareness about Type 1 Diabetes (T1D) while mobilizing resources to support children and young adults living with the condition. The annual event, held under the theme "Let's Walk, Give, and Change Lives Together," brought together government officials, healthcare professionals, development partners, corporate organizations, caregivers, families, and members of the public in a united call to improve access to quality diabetes care across the country. Organizers said the walk sought to educate the public on the importance of early diagnosis, reduce stigma surrounding diabetes, and generate funds to help children and young adults living with Type 1 Diabetes access life-saving treatment and support services. Speaking during ...
Read more

Over 100 Nairobi Golf Caddies Graduate as Certified First Responders

Image
By Christopher  Mbiti  Nairobi Kenya|July 21, 2026  More than 100 golf caddies from leading golf clubs across Nairobi have today graduated with Basic Life Support (BLS) and First Responder certification after completing a month-long training programme organized by The Nairobi Hospital in partnership with Brookside Dairies.  The programme equipped the caddies with life-saving skills, including cardiopulmonary resuscitation (CPR), responding to choking incidents, controlling severe bleeding, and managing medical emergencies before professional responders arrive.  Speaking during the graduation ceremony, The Nairobi Hospital CEO Felix Osano said the initiative places critical emergency response skills in the hands of those who are often first on the scene during medical emergencies on golf courses. Brookside Dairies General Manager for Marketing, Linda Atieno, during her remarks said that the company was  proud to support the initiative, noting that training c...
Read more

CHReaD Champions Science, Innovation and Public Trust

Image
By Christopher mbiti  Nairobi Kenya 8 September 2026 The Coalition for Health Research and Development (CHReaD), hosted by Amref Health Africa, has today opened a three-day Culture of Science Conference in Nairobi, bringing together researchers, policymakers, innovators and other stakeholders to discuss the role of science and research in shaping Africa’s future. The conference, being held from September 8 to 10 at Emara Ole-Sereni Hotel, is focusing on strengthening Africa’s culture of science while promoting research, innovation, evidence-based policymaking and public trust in scientific information.The conference was officially opened by the member of Parliament Matungulu constituency  Speaking during the official opening of the conference, Hon. Mule called on scientists and researchers to actively participate in policy formulation, legislative processes and national budget-making, saying scientific discoveries risk remaining confined to laboratories...
Read more