Henry Tanui appointed CEO of Hustler Fund

The Financial Inclusion Fund, popularly known as the Hustler Fund, has appointed Henry K. Tanui as its new Chief Executive Officer for a renewable three-year term. He takes over from Elizabeth Nkukuu, who has led the Fund since its inception.

In a statement on Wednesday, the Board said Tanui brings more than 24 years of experience in financial services, with expertise in risk management, business and personal lending, mortgages, MSME lending, and international trade finance. He has previously held senior roles at Ecobank, Consolidated Bank of Kenya, and the Industrial and Commercial Development Bank of Kenya.

Cooperatives and MSME Cabinet Secretary Wycliffe Oparanya praised the Fund’s impact on Kenya’s economy, noting that it has already provided affordable credit to more than 26 million Kenyans.
“The Financial Inclusion Fund has made great strides. As we move forward, I encourage the Hustler Fund team to enhance efforts in promoting timely repayments to improve credit scores and expand financial literacy,” Oparanya said.

MSME Principal Secretary Susan Mangeni added that through the Hustler Fund, more than 9 million Kenyans have improved credit histories, enabling them to access financing from banks and other institutions. She also thanked outgoing CEO Nkukuu for her leadership in establishing the Fund.

Speaking after his appointment, Tanui expressed confidence about the future of the Fund.
“My focus will be on reengineering our collection processes, strengthening financial literacy, and building lending channels that expand our reach and impact,” he said.

Nkukuu, in her farewell message, thanked stakeholders for their support and wished Tanui success.
“It has been a privilege to serve Kenyans by establishing the Hustler Fund. I am proud of the progress we have made and confident the Fund will continue to grow,” she said.

The Board commended Nkukuu for laying a strong foundation for the Fund and expressed optimism about Tanui’s leadership.