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Advancing Youth Entrepreneurship and Financial Inclusion

At the Sidelines of CSW70 in NewYork, The Principal Secretary for Micro, Small and Medium Enterprises Development, PS. Susan Mangeni, today held a strategic meeting with Tamara Cook, Director at the Office of the United Nations Secretary-General’s Special Advocate for Financial Health.

The engagement focused on deepening collaboration to advance financial inclusion and strengthen entrepreneurship outcomes, particularly for young people and MSMEs in Kenya.

Key areas of discussion included:

🔹 Impact Assessment

The need to embed robust impact assessment frameworks to ensure financial inclusion policies translate into measurable improvements in livelihoods, enterprise growth, and financial resilience.

🔹 Financial Inclusion Policy Alignment

Exploring ways to align Kenya’s financial inclusion agenda with global best practices, while remaining responsive to local realities—especially within the informal and MSME sectors.

🔹 Youth Entrepreneurship Readiness

Emphasis was placed on developing practical tools and programs that prepare young people to become entrepreneurship-oriented, financially literate, and investment-ready from an early stage.

🔹 Tiered Credit Systems

Discussions highlighted the importance of government catalytic funds adopting a tiered credit system that enable a graduated access to finance( near market rate, affordable and zero interest grant )—to nurture and grow credit access capacity of Kenyans at the bottom of the economic pyramid. 

🔹 Nurturing Positive Credit Behaviour

Both parties underscored the need to cultivate good credit habits through education, incentives, and data-driven credit profiling, particularly for first-time borrowers.

🔹 Re-engineering Financial Ecosystems

The meeting explored how Kenya can re-engineer its financial systems to better serve MSMEs—leveraging digital finance, alternative data, and inclusive policy design.

This partnership presents an opportunity to accelerate Kenya’s journey toward a more inclusive, resilient, and entrepreneurship-driven economy, ensuring that no aspiring entrepreneur is left behind.