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HomeDaily NewsWednesday, July 29, 2026Hustler Fund disbursements hit Sh90bn as repeat borrowing, savings rise - July 2026
Business & Economy3 stories from 1 sources

Hustler Fund disbursements hit Sh90bn as repeat borrowing, savings rise - July 2026

The Hustler Fund in Kenya has reached a significant milestone, disbursing Sh90 billion to over 28 million borrowers since its inception. The fund has facilitated both repeat borrowing and increased savings among Kenyan citizens. Separately, Kenya Airways plans an aggressive fleet expansion, aiming to more than double its aircraft to 67 by 2030 from the current 32, driven by anticipated increases in passenger demand. Kenya Reinsurance Corporation has also retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody's Ratings, highlighting the company's robust financial standing with a strong capital base and stable earnings.

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Wednesday 2:38 PMCapital Business

Hustler Fund disbursements hit Sh90bn as repeat borrowing, savings rise

Hustler Fund disbursements hit Sh90bn as repeat borrowing, savings rise

The Hustler Fund in Kenya has reached a significant milestone, disbursing Sh90 billion to over 28 million borrowers since its inception.

Read Story

Key Highlights

The Hustler Fund in Kenya has reached a significant milestone, disbursing Sh90 billion to over 28 million borrowers since its inception.

  • Sh90 billion disbursed to 28 million borrowers.
  • Cooperatives and MSME Development Cabinet Secretary Wycliffe Oparanya briefed President William Ruto on the fund's performance.
  • The fund has seen strong repeat borrowing, with 10 million borrowers returning for additional loans and 4.5 million achieving improved credit scores, alongside Sh7 billion in savings.
Tuesday 6:30 PMCapital BusinessFirst

Kenya Re Retains Moody’s Affiliate Ratings on Strong Capital, Earnings

Kenya Re Retains Moody’s Affiliate Ratings on Strong Capital, Earnings

Kenya Reinsurance Corporation (Kenya Re) has successfully retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody’s Ratings. The reaffirmation highlights the company's robust financial standing, characterized by a strong capital base and stable earnings.

Read Story
Wednesday 3:13 PMCapital Business

KQ to more than double fleet to 67 aircraft by 2030

KQ to more than double fleet to 67 aircraft by 2030

Kenya Airways (KQ) plans an aggressive fleet expansion, aiming to more than double its aircraft to 67 by 2030 from the current 32. This significant growth is driven by anticipated increases in passenger demand.

Read Story

Key Highlights

Kenya Airways (KQ) plans an aggressive fleet expansion, aiming to more than double its aircraft to 67 by 2030 from the current 32. This significant growth is driven by anticipated increases in passenger demand.

  • KQ projects its fleet to reach 67 aircraft by 2030, with plans for 100 by 2035.
  • The airline's Acting Group Managing Director and CEO, Capt. George Kamal, unveiled the expansion strategy.
  • This growth follows the return of a Boeing 777 wide-body aircraft to service after a ten-year absence.
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Key Highlights

Kenya Reinsurance Corporation (Kenya Re) has successfully retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody’s Ratings. The reaffirmation highlights the company's robust financial standing, characterized by a strong capital base and stable earnings.

  • Kenya Re's total capital has strengthened to US$460.3 million (KSh59.49 billion).
  • The reinsurer, led by Managing Director and CEO Hillary Wachinga, is expanding its regional presence into Tanzania and Rwanda.
  • GCR affirmed Kenya Re's international rating at B and its national scale rating at AA+(KE), with a Stable Outlook.