The United Nations Educational, Scientific and Cultural Organisation (Unesco) wants the government to partner with institutions of higher learning in management of Youth and Women Enterprise funds.
Speaking during the Association of African Women for Research and Development meeting at the University of Nairobi’s Gender Research and Documentation Centre, Unesco programmes specialist Addul Lamin said thousands of the funds’ beneficiaries lack practical entrepreneurial skills, thus, are unable to either access the funds or engage in successful business ventures.
“Unesco has partnered with Kenyatta University where we train students who in turn train, mentor and monitor young women entrepreneurs in their rural areas.
The results are encouraging and we therefore encourage the government to partner with professionals and universities to offer the skills. Without the skills, our research indicates that eight out of 10 businesses are more likely to fail,” said Lamin.
He said research reports and data by professionals should be used not only for integrating knowledge but also to formulate gender responsive budgetary policies that have an impact on lives and livelihood of the society.
Lamin said without proper entrepreneurial skills, the funds will only accumulate to a pool at the Treasury to be used for political gains during campaigns.