Kenya's SACCO targets 200 youth groups in new campaign

Chai SACCO has announced it will be embarking on a youth empowerment campaign in Nairobi county targeting 200 youth groups that require financial and management training.

The campaign, which will be held in various part of Nairobi over the next three months, will be coordinated by Chai SACCO and various financial experts who will be seeking to empower Nairobi-based youth groups and businesses with financial and management skills, among other types of training.

In a statement released yesterday, Chai SACCO Chairman Boniface Ayub said the future growth of the Kenyan economy would require a well-educated and financially informed population.

"As such, we need to empower such youth groups and social clusters so that they can contribute to the socio-economic development of Kenya and help attain maximum potential as echoed by President Barack Obama at the Global Entrepreneurship Summit 2015," he said.

Mr Ayub also said the sacco is ready to invest heavily in well-structured youth groups with serious investment potential and is setting aside money to be extended to these groups in form of grants.