How the Government of Kenya Can Help Empower Start Ups

The Kenyan population is largely made up of the youth, but how many of these youth are unemployed? How many of them still wallow in abject poverty simply because they are jobless?  What are some of the mechanisms that need to be put in place so as to address this issue?

According to Mr. Steve Biko (SokoAnalyst), the country urgently needs job creators who will empower the youth to have a better Kenya. He says initiatives such as what Kenya Commercial Bank has put in place in ensuring that a Kenyan youth is economically empowered are worth to be emulated by other stakeholders.

According to him, the government of Kenya has to do the following to make sure that startups in business, majority of who are the youth, get something to hold on as it strives to fight the issue of unemployment:

Here are some of the views from twitter user SokoAnalyst:

1. Every start-up to be given a 3 year tax break by @KRACare to enable them to grow roots and business first #2JiaJiri @KCBGroup

— SokoAnalyst (@SokoAnalyst) March 9, 2016

2. Business registration to be narrowed down to a single permit across all the counties. Start Ups need all the funds they can get #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016

3. Reduce business premises license to a flat fee of KES 2500 for the first 3 years for all Start -Ups #2JiaJiri @KCBGroup

— SokoAnalyst (@SokoAnalyst) March 9, 2016

4. GOK to ensure that 30% of all its tenders including county go to Start Ups that have more than 5 employees. Best way to raise #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016

5. GOK trade pitches across the globe to include key Start Ups in diverse sectors to expose the entrepreneurial minds to more #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016

6. GOK with @CbkKenya to ensure that the requirements for collateral for loans is pegged on IP ideology & NOT asset based #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016

7. The Ministry of Industrialisation to involve Start-Ups in their key policy decisions. This should go for all ministries #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016

8. GOK my simplify the process of trade marking&patent to help nurture, protect & develop the ideas of Kenyans at the global stage #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016

9. Chamber of Commerce to challenge brands to reduce the number of days b4 payment is done from 30/45 to a flat period of 7 days #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016

10. Min of Edu to partner with Start-Ups to ensure that they study the entrepreneurial realm to help them update the curriculum #2JiaJiri

— SokoAnalyst (@SokoAnalyst) March 9, 2016