Biashara Fund Kenya

Chief Administrative Secretary, Ministry of Public Service and Gender, Hon. Rachel Shebesh on Monday, 1st February, 2021 met with the National Assembly Committee on Delegated Legislation chaired by Hon. Kassait Kamket in Mombasa to discuss the draft Public Finance Management (Biashara Fund Kenya) Regulations 2020.

The Government is in the process of amalgamating Youth Enterprise Development Fund, Women Enterprise Fund and Uwezo Fund to create Biashara Fund to enable efficiency and objectivity in disbursement as well as save the taxpayers unnecessary operational expenses incurred in running the three Funds independently.

Under Biashara Fund, Women, Youth and Persons Living with Disabilities will be eligible for loans if they are in a registered group.

Hon. Shebesh was accompanied by Uwezo Fund CEO, Peter Lengapiani, Women Enterprise Fund CEO, Eng Charles Mwirigi among other Ministry officials.

By Brian Were