Establishment of a Graduates Enterprise Fund for unemployed graduates

Motion text

THAT, aware that the level of unemployment among youths in Kenya is over 70 per cent and rising; concerned that the formal sector is unable to generate sufficient formal employment for college graduates, resulting in far reaching ramifications to the economy and society across all counties in Kenya; noting that the youths are unable to venture into private enterprises because of lack of access to affordable credit; the Senate urges the Government to take urgent and immediate steps to ensure legislation is enacted to provide for the establishment of a Graduates Enterprise Fund to offer revolving interest-free loans to unemployed graduates in all the 47 counties.