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{
    "id": 1262184,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1262184/?format=api",
    "text_counter": 269,
    "type": "speech",
    "speaker_name": "Sen. Crystal Asige",
    "speaker_title": "",
    "speaker": null,
    "content": "This Bill also provides that CECMs shall enter into partnerships with local and international incubators to promote the establishment and growth of our start-ups; establish programmes for the certification and admission of incubators into incubating programmes; put in place mechanisms that promote the development of business incubation programmes and create an enabling environment for them, including fiscal and non-fiscal incentives. The CECMs will also establish online and other platforms for access to information; keep and maintain a directory of startups and incubators; and support research and development of activities undertaken by startups, amongst other provisions. Mr. Speaker, Sir, startups require significant investment at their initial stages. Considering that most people in this eco-system are youth, there is a need to support and provide incentives from conception to a place where their businesses are established; healthy and running. It is an undeniable truth that the youth form an intrinsic form of our country’s fabric. We are strong, resilient and eager to contribute our talents. However, we must recognise that the potential can only be realised if they are provided with ample opportunities in the conducive environment to thrive. In Kenya today, we encounter a disheartening statistic that shows the unemployment rate amongst youth stands at a staggering 13.8 per cent. This alarming figure is influenced by several factors. Limited access to quality education persists with only 3.5 per cent of the country’s population having a university degree. Furthermore, a shortage of jobs coupled with the high cost of living exacerbates the plights of our youth. Skill mismatch also imbalances between job demand and supply, ups and downs in the business cycle and the limited availability of start ups opportunities add to this problem."
}