Financial support for the boda boda sector through the hustler fund

The Kenya Kwanza government promised to leverage the financial support that will be provided to the boda boda sector through the Hustler Fund to develop the nascent EV motorcycle assembly industry.

The Hustler fund was launched in 2022. However, the fund has not worked as expected, as concerns have been raised over individuals and groups not being able to access reasonable capital from the fund. This is especially the case for small businesses such as those from the boda boda sector, as the fund is not viewed as a reliable capital source. Further, the Fund has been criticized for being ineffective in supporting Kenyans, with varied lending amounts and terms.
In July 2025, a financing program for electric motorcycles was launched via a partnership between Roam, Fortune Credit, and GreenMax, and it explicitly did not draw from the Hustler Fund.
As of 13th May 2026, there is no credible evidence that the Hustler Fund has been used to fund EV motorcycle assembly.

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Last updated: May 18, 2026 12:20 pm