MbeleNaBiz seeks to create jobs and increase income for young men and women. The Government of Kenya recognises the need for job creation to address the challenge of youth unemployment in Kenya.
By investing in young entrepreneurs whose ventures will generate employment opportunities and earnings for unemployed youth, the Competition will contribute to the development of an inclusive economy that provides opportunities for as many Kenyans as possible.
The MbeleNaBiz business plan competition (“MbeleNaBiz”) is an initiative of the Government of Kenya, under the Kenya Youth Employment and Opportunities Project (KYEOP). MbeleNaBiz aims to expand new and existing youth-led enterprises by providing them with grant funding and/or business plan training.
MbeleNaBiz is implemented by the Micro and Small Enterprises Authority (MSEA) and the Ministry of Public Service, Youth and Gender Affairs (MPYG), with support from the World Bank. KPMG has been contracted to manage MbeleNaBiz.
Selected businesses will be awarded grants of Ksh 900,000 or Ksh 3,600,000.
The Competition is seeking businesses that:
- Are led by youth
- Will create jobs for youth
- Have high growth potential
Below are the eligibility criteria:
The lead applicant and majority (at least 70%) of the shareholders must be aged between 18 and 35 at the time of application.
The lead applicant must be a Kenyan national. Kenyans living abroad are eligible to apply but will need to demonstrate that they will live and operate the business in Kenya should their application be successful.
Level of education
The lead applicant must have completed a minimum of Form 4 qualification or equivalent.
The business must operate in Kenya.
Applications will open on 24 June 2019.
A link will be provided here for access to the competition registration and application portal when the competition begins.
Meanwhile familiarize yourself with the MbeleNaBiz competition here.