Overview
- Act: Legal Notice No. 167 of 2006 under the Public Financial Management Act.
- Formed: 2006
- CEO: Josiah A. Moriasi
- X (Twitter)
The Youth Enterprise Development Fund (YEDF) was launched in December 2006 to address youth unemployment by promoting entrepreneurship. It became a state corporation in May 2007 under the Public Finance Management Act. Its mandate is to provide affordable loans, business development services, and support market access for youth-led enterprises. The fund encourages youth to shift from job seekers to job creators and offers training and mentorship. YEDF also facilitates youth participation in government procurement opportunities to boost their economic inclusion.
CEO: Josiah A. Moriasi
Josiah A. Moriasi serves as the CEO of the Youth Enterprise Development Fund in Kenya. He holds an MBA in Finance and Strategy from the University of Nairobi and has extensive experience in public sector management. Mr. Moriasi’s background spans several leadership roles within financial institutions, focusing on youth development and economic empowerment. He was reinstated as CEO following a court ruling, emphasizing his pivotal role in advancing youth enterprise efforts and aligning with national development goals.
Management Team
Josiah A. Moriasi
CEO
Judy Chelang’a Kimeto
Manager, Credit, Risk & Recovery
Benson Muthendi
Corporate Communications Manager
Benedict Atavachi
Finance Manager
Board of Governors
Fatma Bakari Barayan
Board Chairperson
Josiah A. Moriasi
Secretary to the Board/CEO
Ismail Maalim Madey
Principal Secretary, State Department for Youth Affairs and the Creative Economy
Faith Norah Lukosi
Member
Josephine Achunga Oyombe
Member
Symon A. Almaida
Member
Caroline Wambui Njue
Member
James Sitieney
Representing the Inspector of State Corporations
Jacinta Atemba Makokha
Member
David M. Wambete
Alt.to the CS –National Treasury and Economic Planning
Daniel K. Mutai
Member
Functions
- Provide Affordable Credit: Offer loans at affordable rates to youth-led businesses to promote entrepreneurship.
- Enhance Financial Inclusion: Ensure youth across the country, including marginalized areas, have access to credit facilities.
- Support Market Access: Facilitate youth in accessing local and international markets for their products and services.
- Capacity Building: Provide training, mentorship, and business development services to enhance entrepreneurial skills.
- Promote Government Procurement Participation: Help youth take advantage of the 30% procurement quota reserved for youth, women, and PWDs.
- Job Creation: Enable young people to transition from job seekers to job creators.
- Monitor Loan Utilization: Ensure responsible use of loans and effective business development by beneficiaries.
- Support Innovation: Encourage innovative business ideas by providing funding and support.
- Promote Public Awareness: Conduct awareness programs to promote the fund and educate youth on business opportunities.
- Ensure Accountability and Transparency: Maintain high standards of accountability in fund management to ensure sustainability.
Important Links
Address & Contacts
- P.O. Box 48610 – 00100, Nairobi
- 4th Floor,Renaissance Corporate Park, Elgon Road,
- Upper Hill, Nairobi
- MRX9+62P, Nairobi
- info@youthfund.go.ke complaints@youthfund.go.ke
- 020 2211672 / +254 723 522841