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The Sh50 billion Hustler Fund will take the battle for the lucrative fast-growing market for quick digital credit that does not require collateral to market leaders, including Safaricom, NCBA and KCB.
The Cabinet on Tuesday gave the final approval for the much awaited fund, paving the way for its final rollout in conjunction with banks, saccos and telcos like Safaricom at the end of the month.
On Thursday, President William Ruto urged MPs allied to his ruling Kenya Kwanza coalition to back the legal framework once it's tabled in Parliament.
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