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Originally published by The Standard Business
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July 30, 2025
3d ago

State-funded hustlers pension fund fails to take off despite Sh3.3b collections

State-funded hustlers pension fund fails to take off despite Sh3.3b collections

The AG has poked holes into the Hustler Fund pension kitty, Kenya National Entrepreneurs Savings Trust (Knest), detailing how the agency gobbles up Sh130 million annually...

✨ Key Highlights

The highly anticipated Hustler Fund pension kitty, the Kenya National Entrepreneurs Savings Trust (Knest), has failed to launch despite collecting Sh3.3 billion, drawing scrutiny from the Auditor General.

  • The Auditor General highlighted that Knest spends Sh130 million annually with little to show for its mandate.
  • The fund, intended to provide a pension for "hustlers," remains inoperative.
  • The article suggests readers subscribe for full details on the operational failures.

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State-funded hustlers pension fund fails to take off despite Sh3.3b collections