Ruto Promises 450 Modern Markets, Boosts Credit Access for Traders
Business Updated: 20 January 2026 20:49 EAT
President William Samoei Ruto addressing the chairpersons and committee members of Nairobi County markets at State House, Nairobi
President William Samoei Ruto has reaffirmed his government’s commitment to supporting traders, including mama mboga, by constructing 450 modern markets across Kenya and expanding access to affordable credit through the Hustler Fund.
Speaking at State House, Nairobi, Ruto met with chairpersons and committee members from key Nairobi County markets, including Kangundo Road, Wakulima, Muthurwa, Burma, Kangemi, City Park, Othaya (Woodley Jamuhuri), Kawangware and Gikomba.
The discussions focused on the government’s measures to address market challenges, including a Ksh7.2 billion investment for 15 new markets in Nairobi. Eight of these markets are already under construction, while tenders for the remaining seven have been awarded or are under procurement.
Ruto highlighted the Hustler Fund, designed to give traders access to affordable credit and reduce reliance on high-interest lenders, saying it empowers small businesses to grow sustainably.
Infrastructure challenges such as power and water supply were discussed, and a plan was agreed to ensure markets are adequately serviced.
The President said modern markets will provide organized trading spaces, improved hygiene, storage facilities, and protection from weather, boosting earnings and livelihoods for vendors.
He also stressed collaboration with county governments to improve waste and garbage management, promising a comprehensive plan will be rolled out soon.
Ruto noted that the government’s initiatives are part of a broader effort to implement the Bottom-Up Economic Transformation Agenda (BETA), focusing on grassroots economic empowerment.
Traders welcomed the plans, saying modern markets and accessible credit will reduce operational challenges and improve business opportunities.
The government says it will continue working closely with county officials to ensure timely completion of projects and proper engagement with market stakeholders.
Ruto reiterated that these measures reflect the Kenya Kwanza administration’s focus on delivering promises made to grassroots traders, ensuring their businesses thrive while fostering economic growth nationwide.
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FELIX MAKONA
FACT FINDER AND DATA DRIVEN JOURNALIST. DATA MINING AT IT'S BEST. GET FACTS RANGING FROM MATTERS DISABILITY AND INCLUSION, POLITICS, ECONOMY, SPORTS AND GENERAL NEWS AROUND THE WORLD