Hustler funding gobbles up lion’s share of Ruto budget

The National Treasury building in Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

The Co-operatives and Micro, Small, and Medium Enterprises ministry was the biggest beneficiary of development cash in President William Ruto’s first three months in office as the administration moved to set up a foundation for the Hustler Fund.

Increased capital disbursements to the department of Co-operatives amounted to Sh10.03 billion in three months through December, the single largest expenditure under the development funding, according to the exchequer data released by Treasury secretary Njuguna Ngung’u.

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Note: The results are not exact but very close to the actual.