The government of Kenya, in conjunction with the World Bank, has set up the Mbele na Biz Business Plan competition. The competition aims to decrease the rate of unemployment among the youth in Kenya by promoting entrepreneurship among the youth. 15 billion shillings has been set aside for the competition and 750 youth stand to benefit from it. Out of the successful applicants, 250 will each get 3.6 million shillings and the remaining 500 will get sh.900,000 each.
Luckily, KPMG – a reputable, global audit firm, has been selected to handle the implementation of the competition. This means that the winners will be selected purely by merit and that there will be no ‘funny business’ as is common with most government selections, like the just concluded census job applications.
Accordingly, the following major criteria will be used to determine the winning business plans:
- How scalable is your business, as in, to what extent can it be expanded?
- How many employment opportunities will it create?
Applications are currently open up to 2nd September. To apply, follow this link: http://mbelenabiz.go.ke/application.php
If you are in Dedan Kimathi, you are in luck because the Science and Technology Park, in conjuction with DeHUB, have organized a Mbele na Biz Training from 19th of August. It will be an all expenses training spanning 3 days and all you have to do is register in this form for logistical purposes: http://bit.ly/mbelenabiz
Experts from different fields in business and entrepreneurship will be available at the training to equip students with the skills necessary to come up with perfect business plans for their businesses. The training is open to DeKUT students from all courses.
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