Kenya’s Hustler Fund is a flop. Why president Ruto’s plan to loan money to entrepreneurs hasn’t worked

By Eric Magale, Postdoctoral Research Fellow, University of Pretoria

It’s two years since Kenyan president William Ruto, in what seemed like a political gamble, rolled out a government-run microcredit scheme popularised as the Hustler Fund. Worth 50 billion shillings (US$409 million) a year over a five-year period, the low-interest loans were touted as the “magic formula”…

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~	Women's rights are backsliding left and right in Latin America

~	Preserving the Ch'ol language through theatre and digital media

~	Global: States must negotiate a robust treaty on crimes against humanity after breakthrough resolution

~	Children and amputees bear brunt of Myanmar’s deadly landmine epidemic

~	A 4.45 billion-year-old crystal from Mars reveals the planet had water from the beginning

~	Dogecoin is a joke − so what’s behind its rally?

~	US House passes measure that could punish nonprofits Treasury Department decides are ‘terrorist’

~	Mandelbrot’s fractals are not only gorgeous – they taught mathematicians how to model the real world

~	Manchester United: three ways Ruben Amorim can rebuild the club’s identity and get back to winning ways

~	SADC: Denounce Security Force Violence in Mozambique