Investing in Kenya’s Young Micro-Entrepreneurs
A growing number of young Kenyans have established informal micro-businesses, or “hustles,” since the start of the COVID-19 crisis. Low-cost interventions that help hustles grow into full-time concerns would protect young people against the pandemic’s economic impact and help drive recovery.
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NAIROBI – The COVID-19 pandemic and its economic fallout have hit everyone in Kenya hard. But at the height of lockdown measures, while the formal sector of the economy ground to a halt, the informal sector demonstrated its resilience. For young people in particular, whose schools were closed and whose parents may have lost their jobs, the informal sector has been a lifeline.