This archive report was first published on 17 December 2021.
Published on December 17, 2021, a call has been made to the government to support the youth through loans to invest in meaningful projects, as a solution to the country's soaring unemployment rates.
Thika MP Patrick Wainaina and Gretsa University Vice Chancellor Prof. Wabuke Bibi separately emphasized that job opportunities in the country are dwindling, with Small and Medium investments being the main drivers of job creation and development.
Wainaina suggested that the government and leaders should explore ways to provide the youth with loans to establish projects that can generate quick income.
“Since getting jobs in the country has proven to be a nightmare, leaders should try empowering the youth with loans to enable them start micro-industries that will not only create more jobs but also spur development,” he said.
Wainaina made these remarks during a training workshop for over 500 youthful Kiambu women on economic empowerment through his Jungle Foundation.
The Foundation not only trained the young women on financial literacy and the need for investing as groups, but also offered to boost them financially through savings to establish meaningful startups.
Prof. Bibi, on the other hand, expressed concern over allowing graduates to languish in poverty due to joblessness.
Speaking during the University's graduation ceremony, Prof. Bibi said giving graduates loans to establish meaningful startups was the fastest way to reduce unemployment rates as well as accelerate development.
