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KEPSA is the private sector apex and umbrella body set up in 2003, to bring together business community in a single voice to engage and influence public policy for an enabling business environment. over 500,000 direct and indirect members..
KEPSA
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info@kepsa.or.ke
KENYA YOUTH EMPLOYMENT & ENTREPRENEURSHIP ACCELERATOR PROGRAM
- 2022-11-18 08:43:24
The Kenya Youth Employment & Entrepreneurship Accelerator Program (K-YEEAP) is an innovative youth employment solution that seeks to use a market development approach to create 1 million jobs and entrepreneurship opportunities for youth and women in the private sector in the next 5 years. (2023 - 2027)
According to the Kenya Population and Housing Census Report, (2019), youth unemployment in the country stands at 38.9% with about 5.3 million youth unable to secure decent jobs. It is projected that over nine million youth will be entering the labour market by the year 2030.
In this regard, K-YEAAP will work to accelerate and scale up small enterprises through financing, access to markets, business coaching and mentorship while increasing access to supply chain opportunities from large enterprises. It will also support the digital transformation of small businesses, increase digital and digitally-enabled job opportunities for young people as well as public sector digital transformation for efficient service delivery and job creation. Further K-YEEAP will increase relevant and market-oriented skills for industry transformation by working closely with the TVET ecosystem.
Objectives
✓ Catalyze, accelerate and scale small enterprises through financing, access to markets, business coaching and mentorship while increasing access to supply chain opportunities from large enterprises.
✓ Support digital transformation of small businesses, increase digital and digitally-enabled jobs opportunities for young people as well public sector digital transformation for efficient service delivery and job creation.
✓ Increase relevant and market-oriented skills for industry transformation by working closely with the TVET ecosystem.
Focus Areas /Pillars
- Skills development and technical training.
- Entrepreneurship development.
- Promotion of supportive economic conditions.
- Reduction of market access barriers for youth and women-led/funded enterprises.
- Addressing jobs access inequalities through youth labour market intermediation services.
- Enhancing job opportunities through digital economy and transformation.
Expected results
- Provide access to decent and productive jobs for 1 million young people by 2027.
- Scale up 200,000 small enterprises.
- Establish 47 County Business Hubs.
- Accelerate 10,000 start-ups.
For more information contact our K-YEAAP desk via Email: kyeap@kepsa.or.ke
K-YEEAP: Creating Sustainable, Decent jobs and Opportunities for the youth