United States government is putting out Ksh.12 billion funds to aid the Youth Africa Leaders Initiative (YALI) programme in Kenya and other parts of Africa.
During the US-Africa Leaders Summit on Thursday, December 15, Vice President, Kamala Harris confirmed that the Ksh.12 billion funding would be rolled out in the next two years.
Kamala clarified that funding is aiming at linking various beneficiaries to investors from the United States.
“Through the funding, we will expand networking for alumni and connect them with social impact and business investors.
“And in so doing, we will continue to foster the ingenuity and creativity of young African leaders,” she stated.
She further underlined that many Kenyans had been beneficiaries of the programme acknowledging the various innovations that had revolutionised various sectors in the world.
“From the tech hubs of Cairo and Nairobi to the incubators of Accra and Cape Town, African innovation benefits the entire world.
“Think of the Kenyan innovators who created a local mobile payment system that transformed global payment systems,” Kamala cited.
Additionally, she revealed that the Joe Biden administration would launch a new programme aimed at empowering women entrepreneurs.
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The U.S Vice President also noted that the African Women’s Trade and Investment Initiative would help women across Africa to take part in e-commerce, and access financing and export markets.
YALI programme was formerly initiated by President Barrack Obama, as it aimed at empowering young professionals aged between 18 -35 years.
Through the programme, participants are trained in Business and Entrepreneurship, Civic Leadership and Public Management courses.
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