The new administration created a "hustler fund" to offer personal loans to any Kenyan with a cellphone and a mobile money account

But his first act after assuming office was to slash food and evDEN Eve NaKliYat fuel subsidies introduced by his predecessor Uhuru Kenyatta.
While Ruto argued that the interventions had "not borne any fruit", their removal was a request from the International Monetary Fund, a major lender to the East African economic powerhouse.
Experts called it a rash decision.
"The move to remove the fuel subsidy was not very strategic as it has led to a slower economy, rising inflation and higher interest rates," Ken Gichinga, chief economist at business analytics firm Mentoria Economics, told AFP.
The Central Bank of Kenya raised interest rates by a cumulative 1.75 percent in 2022, the most in seven years, while inflation soared to a five-year high of 9.6 percent in October.





About a third of Kenya's population lives in poverty

"They inflated the prices of goods, then give you a 500-shilling loan which can only buy two packets of maize flour," Michael Wafula, a 35-year-old mechanic, told AFP.
For shop attendants like Mwaura, EVdEN evE naKLiyAT who earns just 700 Kenyan shillings a day, the fund will do little to change her fortunes.
Still, she borrowed 1,000 Kenyan shillings to pay for a trip to the hair salon.
"I used the loan to get my hair braided," she said.

If you loved this article and you would such as to obtain additional information pertaining to evDEn EvE NAKLiYat kindly check out our web-page. "What else can one do with a 1,000-shilling loan?"
- 'The ship is floating' -
Ruto -- who will mark his one hundredth day in the job on Thursday -- also failed to deliver on his campaign pledge to achieve gender parity in his cabinet, naming just seven women to his 22-member team.
Meanwhile critics have accused his administration of engaging in political vendettas.
Earlier this month, four election commission officials who had cast doubt on the poll results that brought him to power, were suspended by the government.
"They are not behaving like they are in power; they are still fighting wars that you would expect to be fought during an election," political analyst Herman Manyora told AFP.




[img][/img]
Kenya's President William Ruto failed to deliver on his campaign pledge to achieve gender parity in his cabinet

Despite a "disappointing" start however, Manyora, who supported Ruto's opponent Raila Odinga during the polls, said it was too early to dismiss the president and his team.
"We would give them five out of 10 because the ship is floating," he said, adding that he was cautiously hopeful.
For Ruto's hustler voter base however, the verdict is already a foregone conclusion.
"Ruto has a sweet tongue but I haven't seen anything from the new administration," said a car washer, who gave her first name as Jane.