Financial Literacy
This is a written plan that outlines your income and expenses for a specific period.
What is a budget?
A person who starts and runs a business, taking on financial risks in the hope of profit.
Who is an entrepreneur?
The government agency in Kenya responsible for business registration.
What is the Business Registration Service (BRS)?
This American president visited Kenya in 2015, becoming the first sitting U.S. president to do so.
Who is Barack Obama?
This popular online platform, co-founded by Elon Musk, was formerly known as Twitter.
What is X?
The term for money you owe to others, such as loans or credit card balances.
What is debt?
The term for the initial money needed to start a business.
What is startup capital?
This popular platform helps Kenyan youth sell handmade crafts and reach local and international markets.
What is Jumia or Etsy?
This year marks the number of years since the U.S. and Kenya established diplomatic relations in 1964.
What is 61 years?
This is the largest freshwater lake in Africa.
What is Lake Victoria?
This financial term means earning income on both the original amount and any interest previously earned.
What is compound interest?
This is a short, persuasive pitch entrepreneurs use to explain their business idea quickly.
What is an elevator pitch?
Name one requirement for registering a sole proprietorship in Kenya.
What is a KRA PIN / business name reservation / ID copy?
The Young African Leaders Initiative (YALI), launched by the U.S. government, includes this flagship exchange program.
What is the Mandela Washington Fellowship?
This African country was never colonized.
What is Ethiopia?
This score helps lenders determine how trustworthy you are with credit.
What is a credit score?
A legal document that outlines how a business will operate, including goals, marketing, and finances.
What is a business plan?
This is a national strategy promoting innovation and creativity among youth, aligned with Agenda 2063.
What is the Kenya Youth Development Policy / Kenya Vision 2030?
The U.S. and Kenya collaborate on this major sector, which includes health, HIV/AIDS, and disease prevention.
What is public health?
This is the capital city of the African Union.
What is Addis Ababa?
A type of savings or investment account where money is set aside for emergencies or unexpected expenses.
What is an emergency fund?
This global goal (part of the SDGs) focuses on decent work and economic growth.
What is SDG 8?
This sector, closely linked to heritage, is a key driver of youth entrepreneurship in Kenya.
What is the creative economy / cultural industries?
This bilateral agreement signed in 2024 aims to strengthen trade and investment ties between Kenya and the United States.
What is the Strategic Trade and Investment Partnership (STIP)?
This is the name of the international day celebrated every year on June 16 to raise awareness about the rights of African children.
What is the Day of the African Child?