National Infrastructure Fund — Kenya's Sh350 billion development capital pool financed through partial privatisation, aimed at financing water, roads, energy and other strategic infrastructure projects.
… He identified the National Infrastructure Fund and Sovereign Wealth Fund as potential mechanisms for mobilising resources and financing Kenya’s next phase of development. …
… inancing mechanisms including Public-Private Partnerships, infrastructure bonds, green bonds, blended finance and climate finance to accelerate delivery of strategic infrastructure while reducing pressure on public finances.He highlighted the proposed National Infrastructure Fund …
… Seda highlighted the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund as key reforms aimed at mobilising private capital and strengthening the country's capacity to finance commercially viable infrastructure projects. …
… Keter also pledged to champion greater participation of Kenyan engineers, consultants and contractors in projects financed through the National Infrastructure Fund, arguing that the investments should help build local expertise alongside physical infrastructure. …
… As a long-term measure to address drought and increase food production in the country, President Ruto pointed out that the Government has an elaborate plan for water harvesting and water storage using the recently established National Infrastructure Fund. …
… Unity is what makes us succeed," he said.Ruto further announced that the Nairobi-Mau Summit highway would be extended to Eldoret and Malaba by next year and said the proposed National Infrastructure Fund would accelerate road construction, electricity generation and digital infra …
… President Ruto said he was impressed by the many issues the report raises on the strategic direction the country has already begun pursuing, including the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund. …
… At the same time, Ruto also highlighted the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund, saying the two institutions would help finance strategic investments while safeguarding the country's wealth for future generations.According to Ruto, Keny …
… He announced that both the National Infrastructure Fund and the Sovereign Wealth Fund had now been established in law and described them as critical institutions for financing Kenya’s future development. …
The debut of private capital pooling investments such as the National Infrastructure Fund (NIF) and the Sovereign Wealth Fund (SWF) have made the super-rich shy away from real estate, a new report shows. …
Deputy President Kithure Kindiki has warned that frequent changes to government policies could undermine Kenya's development, urging the country to shield long-term programmes from political interference and focus on building a sustainable national agenda. He cited economic stabilisation under President William Ruto's administration, including inflation below six per cent, $3.2 billion in foreign direct investment last year, and a reduction in the Central Bank lending rate to commercial banks from 13.5 per cent to 8.75 per cent.
Deputy President Kithure Kindiki has warned that frequent changes to government policies could undermine Kenya's development, urging the country to shield long-term programmes from political interference and focus on building a sustainable national agenda. He cited economic stabilisation under President William Ruto's administration, including inflation below six per cent, $3.2 billion in foreign direct investment last year, and a reduction in the Central Bank lending rate to commercial banks from 13.5 per cent to 8.75 per cent.
The Government has called for engineers to take a central role in Kenya's economic planning, saying the profession is key to meeting the country's ambitions for sustainable development, climate resilience and quality infrastructure. Speaking at a conference at Kenyatta University, Treasury Cabinet Secretary John Mbadi said engineers must move beyond project implementation to become key partners in economic planning, infrastructure financing and policy formulation.
Treasury Cabinet Secretary John Mbadi has urged engineers to take a more strategic role in Kenya's economic planning and public investment, saying engineering expertise is essential for delivering sustainable infrastructure and long-term economic growth. Speaking at the Second African Journal of Engineering Research and Innovation conference at Kenyatta University, Mbadi said economic planning and engineering are inseparable, with every national development plan eventually becoming an engineering project.
Eng. Harrison Keter has been elected President of the Institution of Engineers of Kenya for the 2026–2028 term, succeeding Eng. Shammah Kiteme. Keter, an engineer with over 20 years of experience in the energy sector, pledged to strengthen the profession's role in Kenya's infrastructure and economic development.
President Ruto announced that the Government will reduce the cost of fertiliser and seeds to help farmers plant during expected September and October rains, following below-average rainfall that has affected crop production. As a long-term measure, the Government plans to construct 50 mega dams, 200 medium and 1,000 micro dams to expand irrigation farming in arid and semi-arid areas.
President William Ruto has called for national unity and broad public participation to develop a new long-term national development blueprint to succeed Vision 2030, arguing that the current framework nearing its implementation timeline should be replaced with a plan aligned with Kenya's 2010 Constitution.
President William Ruto will address the nation on Thursday at 7:00 p.m. from State House, Nairobi. The address will focus on charting the way forward for the nation's development and an ambitious vision, following receipt of a report on developing a new national vision to succeed Vision 2030.
President William Ruto has invited Kenyans to participate in a national conversation to shape Kenya's long-term development vision, to be formally launched on August 12. He acknowledged that Kenya is off course to achieve Vision 2030's target of becoming an upper-middle-income country by 2030, and called for the dialogue to move beyond partisan politics and electoral cycles to unite around a shared national destiny.
President William Ruto has announced plans to introduce universal government funding for all students admitted to universities and colleges, abandoning the controversial means-tested model. The government has submitted amendments to Parliament to anchor the new framework in law, with Ruto urging lawmakers to fast-track the legislation before universities reopen in September.
Kenya's dollar millionaires are moving away from real estate towards private capital pooling investments such as the National Infrastructure Fund and Sovereign Wealth Fund, along with other debt instruments, seeking liquidity and higher returns, according to a new report.
Kenya has established the National Infrastructure Fund with approximately Sh347 billion capitalised from partial privatisation of Safaricom and Kenya Pipeline Company, positioning it as one of Africa's largest pools of development capital. The Fund aims to mobilise long-term equity capital and systematically develop nationally significant infrastructure through commercially viable enterprises.
President William Ruto extended an olive branch to Wiper Democratic Movement leader Kalonzo Musyoka while speaking at a church service in Kitui County, pledging to give Ukambani its "rightful share" and emphasising the broad-based government formed after the 2024 Gen Z-led protests as a path to national unity and prosperity.
President William Ruto said the Sh350 billion National Infrastructure Fund will finance major development projects in water, roads, energy and other strategic infrastructure across the country, including dams for irrigation in arid and semi-arid regions to strengthen food security and agricultural exports.
President William Ruto told a congregation in Kitui that tribal politics and bad alliances have derailed the country's progress, assuring that no region will be left behind. He announced that Kenya has acquired Sh10.6 billion for the completion of Thwake Dam, set for commissioning in April 2027.
The government has raised Sh350 billion for the proposed National Infrastructure Fund within three months, marking the first milestone in President Ruto's strategy to finance Kenya's infrastructure without relying solely on public debt. The fund aims to grow to Sh5 trillion and finance projects including clean energy production, dam construction, road development, and expansion of the Standard Gauge Railway and Jomo Kenyatta International Airport.
Treasury Cabinet Secretary John Mbadi has defended appointments to the National Infrastructure Fund (NIF) board, saying the selection process was transparent, competitive and merit-based, overseen by a seven-member independent panel comprising senior professionals from banking, legal and public sectors.
The government has released more than Sh3 billion under the second phase of the National Youth Opportunities Towards Advancement (NYOTA) programme to support over 122,000 young entrepreneurs. The initiative includes a two-year waiver on county business permit fees for all beneficiaries.
Treasury Cabinet Secretary John Mbadi has appointed six members to the National Infrastructure Fund Board for a three-year term effective July 8, 2026, under the National Infrastructure Fund Act, 2026. The appointees include Centum CEO James Mworia Mwirigi, Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna, Lawrence Kibet, and Mohammed Abdirahman Hassan, selected from 78 applicants.
President William Ruto has signed the Sovereign Wealth Fund Bill, 2026 into law, establishing a framework that will set aside 30 percent of revenue from Kenya's petroleum and mineral resources for future generations. The fund operates on three pillars: the Urithi Fund for future generations, a Stabilization Fund to serve as a buffer during crises, and the National Infrastructure Fund to finance strategic projects.
President William Ruto has assented to the Sovereign Wealth Fund Bill, 2026, which establishes a framework for managing and investing revenues from mineral and petroleum resources, dividends from public investments, and privatisation proceeds to protect Kenya's economy from unforeseen events.
President William Ruto signed the Sovereign Wealth Fund Bill, 2026 into law on Wednesday, July 8, creating a legal mechanism to save part of Kenya's oil, mineral and privatisation earnings while protecting the funds from political misuse and debt repayment. The law requires at least 30 per cent of resources channelled into the fund to be locked away for future generations and bars cash withdrawals within three months of a General Election unless the fund's board, Parliament and the auditor general approve.
President William Ruto said he would not allow tribal politics to thrive and urged Kenyans to shun those who preach it, stating that national unity is the foundation of a strong society and that economic progress depends on collective effort and trust.
President William Ruto urged Kenyans to reject tribal politics and those who preach it, saying national unity is the foundation of prosperity and that his government is focused on unity-driven development where economic progress depends on collective effort.
President William Ruto has criticised Manyatta MP Gitonga Mukunji, a first-term lawmaker and ally of former Deputy President Rigathi Gachagua, saying a one-term MP cannot teach him politics. Speaking at a church service in Embu County, Ruto dismissed such criticism as "noise" and said Kenyans would judge leaders by their development record rather than political rhetoric.
President William Ruto criticized leaders using abusive language to stir ethnic divisions and urged Kenyans to judge politicians by their development record rather than divisive rhetoric. Speaking at a church service in Embu, Ruto said his administration will not tolerate tribal politics and ruled out collaborating with leaders who rely on tribalism, insults, and hate speech.
The government is advancing a Cooperative Bill in Parliament to modernise Kenya's cooperative movement, strengthen governance, protect over Sh1 trillion in Sacco member savings, and improve accountability. Deputy President Kindiki urged Parliament to fast-track the legislation to enable cooperatives to compete in an increasingly digital economy.
Treasury Cabinet Secretary John Mbadi has defended the government's partial sale of its Safaricom stake, saying it was lawful and transparent and intended to finance infrastructure rather than budget deficits. Mbadi rejected opposition criticism, stating the divestiture followed extensive public participation and parliamentary approval.
Deputy President Kithure Kindiki has defended the sale of the government's stake in listed agencies, saying it will raise funds for mega infrastructure projects and ease pressure to borrow or raise taxes. The National Infrastructure Fund has received Ksh.100 billion from the sale of a stake.
Deputy President Kindiki said the government is selling stakes in government agencies to raise funds for the National Infrastructure Fund, which will finance major infrastructure projects including water, irrigation, and agricultural development.
The National Water Harvesting and Storage Authority announced its ambitious roadmap for the 2026/2027 financial year, focusing on completing flagship dam projects, expanding water harvesting programmes and strengthening institutional accountability to improve water security across Kenya.