Private sector eyes 5m jobs in five-year enterprise plan

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The private sector has launched a new plan to create five million jobs by 2027 in an effort to deal with the unemployment crisis facing Kenya’s youthful population.

The new plan championed by the Kenya Private Sector Alliance (Kepsa) will benefit youth from various job opportunities in the underserved sectors.

Kepsa says it will scale up small enterprises through the Kenya Youth Employment and Entrepreneurship Accelerator Program (K-YEEAP) by unlocking financing, access to markets, business coaching and mentorship.

Kepsa CEO Carole Kariuki notes the accelerator programme launched by Deputy President Rigathi Gachagua will pursue relevant and market-oriented skills for industry transformation by closely collaborating with the Technical and Vocational Education and Training (TVET) ecosystem to ensure they meet their objectives.