Is Hustler Fund dead on arrival?
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Nairobi, Nov. 23 -- Recently published Hustler Fund regulations thrust the fund deep into classic government bureaucracy.
First of all, it will have an advisory board headed by a non-executive chairman who is a Presidential appointee.
Other board members will consist of Principal Secretaries drawn from the Treasury and State Departments responsible for Trade and MSMEs, as well as the Attorney General.
There shall only be two non-public officers as members of the board, who will be appointed by the Cabinet Secretary responsible for matters relating to micro, small and medium enterprises.
The fund shall also have a secretariat headed by the administrator of the fund, or a chief executive officer.
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