Courtesy of World Bank and KBC
IDA Credit: US$150.0 million equivalent
Approval Date:May 20th 2016
Closing Date:December 31st 2021
The government is seeking to create jobs or increase earnings for at least 280,000 youth under Kenya Youth Employment and Opportunities Project.
The World Bank has availed 15 billion shillings to support the project over the next five years.
One in every five youths in Kenya has no job. Unemployment among the youth in the country is estimated to stand at 17.3 percent compared to six per cent for both Uganda and Tanzania.
To address this challenge, the Ministry of Youth and Affairs has come up with Kenya Youth Employment and Opportunities Project whose main aim is to increase employment and earnings opportunities among the youth.
The project will be financed by a 15 billion shillings credit from the World Bank over the next five years. The initiative targets 280,000 young people aged between 18 and 28 who do not have jobs and have experienced extended spells of unemployment.
Those who successfully complete the program will be employed, start their own business or expand the existing ones.
The program that targets at least those with KCSE certificate will also address factors contributing to youth unemployment such as lack of employable skills, negative attitudes toward blue collar jobs and self-employment.
The project comprises of four components.
The first component, improving youth employability addresses the skills mismatch of youth by engaging training providers and private sector employers to offer training and work experience to targeted youth. This component will contain two sub components:
i) Provision of training and work experience in the formal sector and
ii) Provision of training and work experience in the informal sector;
The second component, support for job creation responds to the need for job creation with initiatives to help launch new businesses, improve the productivity and job creation potential of existing microenterprises and among self-employed youth, and support innovative approaches to improve job and earning opportunities among the hard-to-serve youth. This component is structured into two subcomponents, jointly implemented by the Ministry of Public Service, Youth and Gender Affairs (MPYG) and the Micro and Small Enterprises Authority (MSEA).
i) Support for the self-employed and
ii) Catalytic interventions for job creation;
The third component, improving labor market information plans to improve access to and the quality of labor market information (LMI) to help public and private actors make decisions and formulate policies;
The fourth component, strengthening youth policy development and project management will support capacity building for the MPYG (Directorate of Youth Affairs) and the management and coordination of the overall Project. It includes three subcomponents:
(a) building youth employment policy development and coordination capabilities;
(b) Monitor and evaluation (M&E) of youth employment policies and funds; and
(c) project management and coordination
For details about the project visit :http://projects.worldbank.org/P151831/?lang=en&tab=details