Just In

JUST IN: Ksh.8 Billion Hustler Fund Not Missing, Was Never Released, Govt Clarifies 

  The government has denied allegations that Ksh.8 billion allocated to the Hustler Fund is missing, clarifying that the funds were never released by the National Treasury. In a statement on Thursday, Principal Secretary for Micro, Small and Medium Enterprise Development, Susan Mang’eni, explained that the Ksh.8 billion flagged in the Auditor General’s report was set aside as counterpart funding. These funds were meant to match long-term pension savings for Hustler Fund beneficiaries, a component that was still under development during the 2022/2023 financial year. Mang’eni clarified that by the close of the audited financial year on June 30, 2023, the
The post Ksh.8 Billion Hustler Fund Not Missing, Was Never Released, Govt Clarifies appeared first on Nairobi Wire. Read More

Get your own website today with the leading web hosting company in Kenya: HostPinnacle. No Skills Required.