750 Kenyan businesses will each be awarded either Ksh. 900,000 or Ksh. 3,600,000. 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.
Eligibility and criteria
The Competition aims to support new and existing youth-led enterprises in Kenya with potential for job creation among youth. In particular, the Competition invites applications from new and existing businesses that:
- Are led by youth: Businesses that harness the creativity of young people in Kenya.
- Will create jobs for youth: Businesses that demonstrate the potential to create employment for young women and men in Kenya.
- Have high growth potential: Businesses should demonstrate commercial viability.
- Geography: The business must operate in Kenya.
- Age: The lead applicant and majority (at least 70%) of the shareholders must be aged between 18 and 35 at the time of application.
- Level of education: The lead applicant must have completed a minimum of Form 4 qualification or equivalent.
- Nationality: 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.
Awards and Benefits
- A total of 750 successful applications will be notified and be awarded either Ksh 900,000 or Ksh 3,600,000.
- Some applicants will also have the opportunity to receive training in business plan preparation.
- Note that successful applicants may need to travel at their own cost to training venues or to MbeleNaBiz events.
How To Apply
To apply please click here