The bottom-up economic model is a blueprint targeting to promote investments of ordinary Kenyans and empowering them financially so the country can generate taxes to spur the economy, Deputy President William Ruto has said. Responding to critics of his “hustler's economic model”, a philosophy that is a cornerstone of his 2022 presidential campaigns, Ruto said the trickle-down approach has failed because it bred cartels. The bottom-up economic framework is anchored on a programme that promotes investments and financial instruments that target millions who are unemployed, hustler enterprises, farmer groups and fishermen, the DP wrote on his social media pages on Thursday. Ruto is rallying supporters around his hustler narrative, which he says is a “bottom-up-middle-out economic approach” that has been received with admiration and criticism in equal measure. Ruto says the model has the answer to the country's economic woes as it will help more than 15 million jobless Kenyans.

Source: The Star July 29, 2021 20:03 UTC