KCB launches Sh50b project to create jobs

KCB Group has launched an ambitious Sh50 billion programme to create new cadre of youthful entrepreneurs. The programme dubbed ‘2Jiajiri’ is expected to benefit at least 500,000 entrepreneurs in five years, thereby creating at least 2.5 million direct and indirect jobs.

KCB Group CEO Joshua Oigara said this will provide the beneficiaries with vocational and enterprise development skills necessary to drive employment and wealth creation in selected sectors such agricultural enterprise, automotive engineering, construction, beauty and domestic services. The lender has set aside Sh10 billion annually in the next five years towards driving this enterprise development programme.

KCB Group Chairman Ngeny Biwott said the programme fits well within the Government’s resolve to boost youth employment, potentially raising country’s economic prospects. “We believe that through partnerships with organisations, we can redefine the youth unemployment challenges we are facing,” said Biwott.