Ministry set to roll-out multi-billion Kenya Jobs and Economic Transformation Project
Nelly Kosgey-PCO
The Ministry of Co-operatives and MSMEs Development is set to roll out the multi -billion Kenya Jobs and Economic Transformation Project (KJET) to benefit at least 45,000 Kenyans, including at least 6,800 women through new or improved job opportunities.
With $150 million in financing, KJET aims to increase private sector investments, access to markets and sustainable finance to create and improve job opportunities.
According to the Cabinet Secretary, Dr. Wycliffe Oparanya, KJET will provide business development services aimed at strengthening viable value chains and connecting micro, small, and medium enterprises (MSMEs) to markets.
Speaking during the signing of the Ministry's Financial year 2024/2025 performance contracts with the principal secretaries and the agencies in Nairobi, Oparanya said the focus is on the Government's Bottom-Up Economic Transformation Agenda, Vision 2030, and the fourth Medium-Term Plan (MTP4, 2023-2027).
He called on the ministry officials to utilise the budget and ensure the contracts signed are fully implemented to benefit Kenyans.
"We want to make a difference and to realize growth in our economy," the Cabinet Secretary said.
Similarly, Principal Secretary for Co-operatives, Patrick Kilemi called for transparency and accountability in the resources allocation.
"We have to be trusted by the people we serve, and that is why we have no option but to deliver tangible services that will be felt by every Kenyan," said PS Kilemi.