Deputy President Rigathi Gachagua has launched the Kenya Youth Employment and Entrepreneurship Accelerator Program (K-YEEAP) in partnership with the Kenya Private Sector Alliance (KEPSA).


The entrepreneurship program aims to create over 1 million employment opportunities for Kenyan youth in 2023.

Speaking during the launching event on Monday, Gachagua lauded the business community for working in conjunction with the government in its efforts to solve the youth unemployment crisis.

Gachagua said he was honoured to preside over the program launch and affirmed that the government will support the youth in achieving their dreams.

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He also said the funds and initiative will offer the youth an equal opportunity in life.

“I am honoured to preside over the Kenya Youth Employment and Entrepreneurship Accelerator Program launch. The youth remain central to our government’s agenda to improve the lives of the millions of youth around the country,” Gachagua said.


“As a government, we will provide the necessary support to take the youth closer to their collective dream of a better future. This fund and the partnership with the Kenya Private Sector Alliance will go a long way towards giving the youth an equal chance at life.”

The deputy president said that the program which according to KEPSA will leverage technology and digital transformation will enable Kenyan youth to take part in the ongoing global digital revolution.

Gachagua opined that the country’s economy is yet to match the supply in the generation of new job opportunities for the youth whose unemployment rate is estimated at 38.9 per cent.

He disclosed that experts have warned of an impending ‘youth time bomb’ situation which might result from a jobless youth bulge.

“Our economy has not matched the supply in the generation of new jobs for our youth. Experts have warned us of the ‘youth time bomb’ occasioned by the jobless youth bulge,” the DP said.


The deputy president also affirmed the Kenya Kwanza administration’s commitment to creating a conducive environment for both the upcoming and the established entrepreneurs.

This is to guarantee Kenya’s presence in the current digital revolution.