Entrepreneurship
Government debunks nine FAQs on NYOTA aptitude test
As the national physical verification for the NYOTA program begins, the government has addressed nine frequently asked questions about the Entrepreneurship Aptitude Test (EAT). The test is mandatory for youths seeking Ksh50,000 business grants. President William Ruto announced fund disbursements starting November 4 this year.
Township entrepreneurs deserve parity in R1-trillion economy
Millions of township entrepreneurs in South Africa's independent economy have built a R1-trillion sector, yet face systemic barriers to formal recognition. A new Standard Bank report highlights that 80% of these businesses remain unregistered, prompting calls for redesigned accountability and respect equal to that given to corporates. Authors from UNDP and Wakanda Food Accelerator argue for parity through community-based systems and tiered regulations.
Emerging farmers showcase produce at Mthatha information day
Emerging farmers and entrepreneurs gathered at the OR Tambo Annual Farmers Information Day in Mthatha, Eastern Cape, to display their products and connect with markets. The event highlights ongoing challenges with food security and malnutrition in rural areas. Participants shared stories of job creation and self-reliance amid rising malnourishment statistics.
Retiree from Kwale turns coconuts into profitable venture
Hamisi Mwakumanya, a 66-year-old retiree from Kwale, has launched a successful business by creating products from coconuts. He produces oils, lotions, and other items sold even to neighboring countries. The venture employs over ten people and highlights coastal innovation potential.