By MKT Reporter
The mentorship phase of the NYOTA Project has officially concluded, marking a key transition to the next stage of classroom-based business training and the release of a second tranche of KSh25,000 in start-up capital to beneficiaries.
The completed mentorship programme focused on guiding young entrepreneurs through the early stages of establishing their businesses.
It played a crucial role in sharpening entrepreneurial skills, strengthening enterprise management, and supporting the successful launch of new ventures across the country.
In Kirinyaga County, the programme recorded full participation, with 100 per cent of beneficiaries who received the initial KSh25,000 actively engaging in the mentorship sessions; an indicator of strong uptake and commitment among young entrepreneurs.
Speaking after a meeting with 40 beneficiaries at the Kirinyaga County Commissioner’s Office in Kerugoya, Principal Secretary in the State Department for MSMEs Development, Susan Mang’eni, officially declared the mentorship phase closed.
She reiterated the government’s commitment to supporting participants as they transition into the next phase of the initiative.
Mang’eni announced that the second round of classroom business training will begin Wednesday next week, and will run for three days across the country. The training is expected to further equip beneficiaries with practical business skills ahead of the next funding cycle.
She also revealed that the Ministry of Cooperatives and MSMEs Development is collaborating with county governments to develop a framework for business licence waivers for NYOTA Project beneficiaries.
The mentorship process, she noted, has enabled verification of the enterprises established by participants, paving the way for tailored support interventions to help them grow.
In addition, the State Department for MSMEs is working on a legal framework aimed at institutionalising support for start-ups and small businesses.
The proposed framework will introduce incubation periods, allowing emerging enterprises to benefit from targeted exemptions and access to designated workspaces; measures designed to ease the burden during the critical early stages of business development.
The upcoming training will precede the disbursement of the second KSh25,000 tranche, expected before the end of this, month. This will usher in a second mentorship phase, which will link beneficiaries to the broader MSME ecosystem, including financial institutions, markets, and business development services, to further strengthen their enterprises.
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