President William Ruto appointed Habil Olaka to head the Hustler Fund also known as the Financial Inclusion Fund.
Through a gazette notice, Ruto tapped into the former Kenya Bankers Association chair to head the Fund that has so far distributed Ksh62 billion to over 22 million Kenyans as of January 2025. "In exercise of the powers conferred by Regulation 10 (1) (a) of Public Finance Management (Financial Inclusion Fund) Regulations, as read together with section 51 (1) of the Interpretation of General Provisions Act, I, William Samoei Ruto, President of the Republic of Kenya and Commander in Chief of the Defence Forces, appoint Habil Olaka to be the Non-Executive Chairperson of the Advisory Board of the Financial Inclusion Fund," the gazette notice read.
Olaka is set to be at the helm of the fund that has so far accumulated Ksh2.5 billion in savings for three years since its launch.
An undated photo of former Kenya Bankers Association Chief Executive Officer Habil Olaka, the incoming Hustler Fund boss.
