Bomet County Governor Prof. Hillary Barchok signed a memorandum of understanding with the Youth Enterprise Development Fund through its CEO, Josiah Moriasi, this evening during the inaugural Bomet Youth Conference.

The partnership will allow the fund to extend affordable financial and business support services to youths in Bomet, significantly enhancing their ability to establish and grow their enterprises.

During the event, Governor Barchok noted that the funds will enable youth who secure tenders from the county government to receive financing of upto 70% of the tenders. Governor Barchok further stated that the move is a testimony to the commitment that his administration has put in place to support youth who want to venture into the business world even when they don’t have capital.

The CEO of the  Youth Enterprise Development Fund Josiah Moriasi, stated that the youth fund will allow Bomet youth to thrive and contribute meaningfully to the local economy.

“This collaboration marks a pivotal moment in empowering the youth of Bomet, providing them with affordable financial and business support services. Through initiatives like the Trade Finance loan, we aim to bolster youth enterprises, enabling them to thrive and contribute meaningfully to the local economy,” he stated.

The event was witnessed by  Bomet County Senator Wakili Hillary Sigei and the County Attorney, Mr. John Mark Langat.