The much talked about Global Entrepreneurship Summit came to an end and people have gone back to their daily lives. The street children are back on the streets, the traffic jam is back as usual, street pastors are even more vocal and soon, everything about the Global Entrepreneurship Summit will be history.
The Summit that brought together close to 5000 innovators and entrepreneurs came with lots of good news for Kenya as a whole but more specifically, to the youth and the women. Kenyan youth are happy that the lion’s share of the Global Entrepreneurship Summit funds is set to benefit them in funding their various projects.
As it stands now, the Global Entrepreneurship Summit may just turn out to be a rich people affair where the rich benefit and get even richer while the poor remain poor. Let’s face the real bitter facts here. The truth is that majority of the youth are never going to benefit from the just concluded Global Entrepreneurship Summit funds and we shall still be talking about the same problems years to come.
Many youths are poor and have no means of starting a business. The funds that were released during the Global Entrepreneurship Summit for the youth are aimed at benefiting those already in well-established sectors.
There is poor communication in terms of creating awareness concerning the Global Entrepreneurship Summit and all it had to offer. Majority of the youth are not even aware of what the Summit was about. To most of them it was all about the coming of the President of the United States of America, Barack Obama, to Kenya.
There is no clear laid down procedure on how the funds are going to be released and to whom are they going to be released. This creates confusion and a general lack of direction on which course to take. There is massive corruption in our country and the chance that these funds are going to be misused instead of serving the required purpose is very high.
There is a problem that needs to be addressed as soon as possible or the Global Entrepreneurship Summit will be just another event that made no difference in the lives of those involved.