Ruto, Gachagua lead CSs in pledging to forgo 1-month salary as donation in fight against hunger
Cabinet members including President William Ruto and Deputy President Rigathi Gachagua will forgo one-month salary to contribute towards the State's interventions that support Kenyans affected by the raging drought.
In a statement, the decision follows a meeting chaired by President William Ruto on Tuesday, November 29.
"In solidarity with all Kenyans affected by the ongoing drought, the meeting resolved that all Members will forgo one-month salary as their individual and collective contribution towards the ongoing State interventions that support all the Kenyans affected by the drought," part of the statement read.
At the same time, the CSs approved the rollout of the Cholera Vaccination Programme targeting at least two million people in the most vulnerable regions including Nairobi, Machakos and Garissa.
"The meeting also noted with regret that the increased number of Cholera cases had resulted in fatalities in Kiambu, Nairobi, Muranga, Kajiado, Nakuru and Uasin Gishu. In that regard, Cabinet sanctioned the roll-out of the Cholera Vaccination Programme targeting at least two (2) million people in the high-risk areas of Nairobi, Machakos and Garissa," the press release states.
On Hustlers' Fund set t be launched tomorrow, the Cabinet announced that the programme will also offer Kenyans a saving plan with a return of 50% on individual savings.
"Hustlers' fund will also herald a new era by according to all Kenyans an opportunity to contribute to their pension savings within every financial transaction that they make. That dynamic savings platform offers a return of 50% on individual savings by way of Government counterpart funding. This means that for every Ksh 2 saved, the Government will contribute Ksh 1."
The first phase of the Financial Inclusion Fund otherwise known as Hustlers’ Fund will be enrolled on Wednesday, November 30.
The loan will be accessed as a digital or mobile loan according to the borrower's credit score.
"The product is going to be seamless, you will not need any committee, you do not need to know anybody and the product will be online just like M-Pesa," President Ruto stated.
Further, the President noted that the government is in talks with Mobile Network Operators (MNOs) and service providers who will be used as the medium for borrowers to get the funds.
"We are working with our MNOs and technology providers and all the mobile operators including Safaricom, Airtel, Telcom, and others and that is the platform this money is going to be disbursed," he said.
"Have no doubt that nobody will be left behind. We have also made it possible to borrow using an ordinary phone where we have a USSD code where people can easily access it."