Keep costly pension out of Hustler Fund

President William Ruto and Prime Cabinet Secretary Musalia Mudavadi during the launch of the Hustler Fund at Green Park Terminus, Nairobi. FILE PHOTO | NMG

The government should rethink the commitment it has made to contribute to the pension for people borrowing from the Hustler Fund, a State-backed platform issuing short-term loans.

While a noble idea, the policy risks raising government expenditure by billions of shillings per annum and is at odds with the tight fiscal space that has seen the executive order a budget cut to the tune of Sh300 billion.

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