The Ministry of Cooperatives and MSMEs Development is preparing to launch the Kenya Jobs and Economic Transformation Project (KJET), an initiative worth billions aimed at providing job opportunities to at least 45,000 Kenyans, including around 6,800 women. With a funding of $150 million, KJET seeks to stimulate private sector investments, enhance market access, and promote sustainable financing to create and improve job prospects.
Cabinet Secretary Dr. Wycliffe Oparanya said that KJET will deliver business development services to strengthen viable value chains and connect micro, small, and medium enterprises (MSMEs) to markets. He noted that the project aligns with the Government’s Bottom-Up Economic Transformation Agenda, Vision 2030, and the Fourth Medium-Term Plan (MTP4) for 2023-2027.
Dr. Oparanya urged ministry officials to utilize the allocated budget effectively and ensure that the signed contracts are fully executed to benefit Kenyans and drive economic growth. “We want to make a difference and stimulate growth in our economy,” he stated.
Principal Secretary for Cooperatives Patrick Kilemi reinforced the call for transparency and accountability in resource management. “We must earn the trust of the people we serve, which is why delivering tangible services that positively impact every Kenyan is non-negotiable,” he said. They spoke during the signing ceremony for the Ministry’s performance contracts for the Fiscal Year 2024/2025.
