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Growth and Development

Young African Leaders Journal of Development

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Financial Institution And The Inclusion Of Youths Through Entrepreneurship In Kenya, Fred Ernest Nasubo Jan 2021

Financial Institution And The Inclusion Of Youths Through Entrepreneurship In Kenya, Fred Ernest Nasubo

Young African Leaders Journal of Development

Kenya is home to 10.1 million youths, which corresponds to almost 20.3 per cent of the country's population aged 15-24 years. According to the World Bank report released in 2017, Kenya tops in the East Africa region in youth unemployment at 17.3 per cent in comparison to Uganda and Tanzania, at 6 per cent. The majority of youths considered to have attained working age are either unemployed or engaged in low paid employment. Promoting youth entrepreneurship is one way of empowering young people to respond innovatively to the needs of society; this would consequently lead to the generation of more …