C
Originally published by Citizen DigitalNovember 18, 2025
2h ago
Hustler Fund CEO grilled over possible loss of Ksh.6 billion
Hustler Fund CEO grilled over possible loss of Ksh.6 billion..
✨ Key Highlights
The National Assembly Special Funds Accounts Committee is probing the Hustler Fund over a potential loss of over Ksh. 6 billion in unrepaid loans, questioning the Fund's management and financial transparency. During a session on November 18, 2025, the committee expressed strong concerns about unanswered audit queries and missing financial documents.
- Over Ksh. 6 billion of Hustler Fund money is potentially unaccounted for due to unrepaid loans.
- CEO Henry Tanui of the Hustler Fund has dismissed claims of financial loss, despite the committee's concerns.
- The Committee, chaired by Fatuma Zainab, suspended a scheduled session due to the Fund's failure to respond to 21 audit queries for the 2022/2023 financial year.
- The Hustler Fund has received Ksh. 14 billion from the Exchequer, with only Ksh. 1.4 billion currently in circulation.
- The Committee has given CEO Tanui seven days to provide all outstanding documents and is considering recommending a special audit.
Continue Reading
Read the complete article from Citizen Digital



