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September 1, 2026
1mo ago

World Bank Launches Probe Into Ruto’s Multi-Billion Loan Programme

World Bank Launches Probe Into Ruto’s Multi-Billion Loan Programme

The World Bank probe comes as the loan programme has disbursed billions of shillings to millions of Kenyans despite a high default rate...

✨ Key Highlights

The World Bank, through the International Finance Corporation (IFC), has initiated an audit of Kenya's Hustler Fund to evaluate its impact on beneficiaries. The assessment will cover both the loan and savings components of the program.

  • The Hustler Fund has reportedly reached 28 million Kenyans, with nearly 10 million using it regularly.
  • Key figures involved include Cooperatives Principal Secretary Susan Mang’eni and representatives from the World Bank.
  • The audit is expected to provide a comprehensive picture of the fund’s impact, with the report anticipated by the end of 2026.

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