The Treasury spent Sh401.98 million in the financial year ended June 2024 under the Financial Fund or Hustler Fund product following President William Ruto’s directive to start gifting long-term savers a shilling for every two saved in the fund.
President Ruto introduced the incentive in November last year as the Fund marked one year, with the government committing to match pension contributions on a 2:1 ratio up to a maximum of Sh3,000 per annum.
