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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~	Nationalism is surging – changing the way companies do business overseas

~	Menopause is having a moment. How a new generation of women are shaping cultural attitudes

~	Elon Musk has turned X into a globally influential media platform – and there’s more to come

~	‘Catastrophic declines’: massive data haul reveals why so many plants and animals suffer after fire

~	6 things to do if your child’s weight is beyond the ideal range – and 1 thing to avoid

~	The NZ government’s plan to withhold COVID inquiry findings until 2026 leaves the country ill-prepared for the next pandemic

~	First off, have a plan – 5 ways young people can stay safe at schoolies

~	Australia has backed away from plans to introduce local quotas on streaming platforms – again

~	Vanitas and the life of the author: in Chinese Postman, Brian Castro transforms fiction into a mechanism of truth

~	A 41-million-digit prime number is the biggest ever found – but mathematicians’ search for perfection will continue