What happened at the fund is unfortunate but we can only pick the good lessons to ensure the fund realises it goals," said the CS. The organisation, which has been dogged by cases of financial misappropriation and leadership wrangles, has operated without a substantive CEO since 2013. Youth and Gender Affairs Cabinet Secretary Sicily Kariuki yesterday said that she has directed the YEDF management to immediately commence the recruitment of the CEO. Ms Kariuki also revealed that all financial operations of the fund have been suspended. Further, she said she had directed the management to shift its focus to loans recovery as opposed to advancing credits to the youth.

Source: Standard Digital May 12, 2016 15:30 UTC