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The National Construction Authority on Tuesday, 14th May signed a Memorandum of Understanding (MOU) with the Youth Enterprise Development Fund. The signing that took place at the NCA offices was graced by among others, NCA Ag. Executive Director Eng. Maurice Akech, Youth Fund Chairman Mr. Ronald Osumba and Youth Fund Chief Executive Director Mr. Josiah Moraisi.
“Today marks an exciting day for the construction industry as we set out a framework to formerly engage our youth,” Eng. Akech noted in his remarks. “The industry must not overlook the huge opportunity presented by the youth, who make up 70% of the available human resource in the construction industry. The MoU will seek to address the need to grow capacity through trainings and financial empowerment with a focus on construction workers.”
The Ministry of Public Service, Gender and Youth Affairs has given its concurrence and is in full support of the MoU. “Partnerships are core to impactful goals as targets cannot be achieved with individuality,” Mr. Moraisi said. The Youth Fund has in the past engaged in over 28 partnerships with various institutions in a bid to create synergies. Through the Fund, approximately 12.8 billion shillings has been dispatched in the last 12 years towards youth empowerment.
The MoU signing also comes at a time when the whole country is embracing a new development blueprint. “The Big 4 Agenda was meant to be an intervention that would promote inclusivity of the youth in the country’s economic growth journey,” Mr. Osumba said. Eng. Akech also went ahead to reiterate that the pillars of the Big 4 Agenda, especially affordable housing, and the enhancing of manufacturing are heavily reliant on the construction industry thereby providing good opportunities for the youth.
As the country continues to grapple with unemployment as one of its biggest challenges, the Government is seeking practical interventions that will help manage the 1.1 million youth who join the job market every year.
There will be continuous sensitization to enlighten the youth on the various avenues that the Government has provided to access capital for small and medium enterprises (SMEs). The MOU will strive to create opportunity and ensure a constant flow of information. “The narrative that young people have no room in big projects that impact the economy should be a thing of the past. We must start by creating our own narratives and owning them,”Mr. Osumba stated.