Cooperatives CS Wycliffe Oparanya (centre) alongside PSs Mang'eni
Cooperatives CS Wycliffe Oparanya (centre) alongside PSs Susan Mang'eni and Patrick Kilemi in Parliament. Photo Courtesy

MPs push for financial literacy before disbursement of MSME funds

Members of Parliament (MPs) have urged the State Department for Micro, Small and Medium Enterprises (MSME) Development to strengthen financial literacy programmes before releasing additional funds under government empowerment initiatives. The legislators said equipping beneficiaries with financial management skills would help improve the sustainability of the programmes by enabling recipients to manage loans and grants…

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President William Ruto speaking during the Hustler Fund second anniversary-Photo|Courtesy

Hustler Fund faces KSh5 billion liquidity crunch as thousands of borrowers are locked out

Hustler Fund is grappling with a severe liquidity crisis that has left thousands of borrowers unable to access credit, raising fresh questions about the sustainability of the government’s financial inclusion programme. Appearing before the Parliamentary Committee on Trade, Industry and Investment, officials from the State Department for MSMEs disclosed that the fund requires an immediate…

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