Stop the Fraud Conspiracy at Youth Enterprise Development Fund

It is estimated that since 2006, the government has given the Youth Fund over Sh3.5 billion. Unfortunately, the fund officials have embezzled about Sh1.5 billion through fictitious ‘tenderpreneuring’ and sometimes, open theft. Conspiracy fraud theory is the in-thing. Corruption is a cancer mutating extremely fast in this state-owned firm. Someone must stop this open corruption at the firm. And if it’s not working for the interest of Kenyan youths, then it should be disbanded! Is the President sleeping on the job?

Youth Enterprise Development Fund-Kenya (YEDF) is a brain child of his Excellency the President of the Republic of Kenya. Under the blessings of the retired President Mwai Kibaki, Uhuru was very instrumental in the formation of this fund that was established in 2006 to reduce unemployment among the youth who account for over 61% of the unemployed in the country. The kitty funds entrepreneurial projects whose target group is young people within the age bracket of 18 to 35 years.