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Originally published by Nation Businessbusiness
May 17, 2026
17h ago
Hustler Fund now loses Budget support as Ruto shifts to Nyota
Treasury phases out funding for flagship lending scheme, signalling a policy shift...
✨ Key Highlights
Kenya's National Treasury is phasing out direct budget support for the Hustler Fund, a flagship programme launched by President William Ruto, signalling a policy shift towards youth-focused initiatives like the Nyota programme.
- Sh0 has been allocated to the Hustler Fund for the upcoming fiscal year.
- The Hustler Fund, designed as a revolving facility, has disbursed Sh83 billion in loans by March 2026.
- The Nyota programme, focused on job creation and skills development, is receiving significant allocations, with Sh4.78 billion allocated in the current financial year.
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