Policy brief No. 60 of 2018-2019 on Focusing on Youth Entrepreneurship as an Alternative Source of Youth Employment in Kenya

Abstract

Entrepreneurship has the potential of greasing the wheels of sustainable development through improving social aspects such as poverty reduction and gender equality, and driving economic growth. It enables the youth to accumulate their human capital competencies such as self-reliance, skills development and self-satisfaction. It is also an engine for job creation, enhancing innovation and increasing competition in the market for price stabilization.If positively assimilated, young people getting into entrepreneurship will become role models and mentors to their peers who may be disadvantaged economically. Generally, countries that have a more business friendly environment, and ease of starting a business have recorded low levels of income inequalities. Therefore, there is need for a policy shift from the modern sector of employment to entrepreneurship as an alternative source for job creation for the youth in Kenya.