Also known as: NIF · HIF
Government fund mobilising private capital and pension funds for Kenya's infrastructure projects, facing accountability concerns from the Controller of Budget.
Verbatim sentences from the source article.
The Standard
Audio By VocalizeThe push to unlock the financial potential of private capital and pension funds for national development programmes has gained momentum following a meeting between players in the sector and the National Infrastructure Fund (NIF) Chief Executive James Mworia. …
National Infrastructure Fund targets pension funds for projectsCitizen Digital
… Audio By Vocalize Kenya’s financial sector is moving to unlock private capital for infrastructure development through the newly established National Infrastructure Fund (NIF), as pension funds, insurers, fund managers and capital markets players explore ways to channel domestic s …
Pack Hunters consortium leads push for private infrastructure financingThe Standard
… prominently during the Nairobi meeting, particularly as African governments seek to expand infrastructure without relying entirely on public borrowing.The issue also coincided with the appointment of Dr James Mworia as the first chief executive of the National Infrastructure Fund …
Kenya leads African push for home-grown capital amid debt burdenThe Standard
… It also found that the proceeds from the sale were not tied to specific projects, despite the government’s intention to channel the funds into the National Infrastructure Fund.Kalonzo said the judgment affirmed Safaricom’s status as a strategic national asset, citing its role in …
Kalonzo hails High Court ruling nullifying Safaricom stake saleThe Standard
… Omondi-Achola, previously group chief operating officer and partner for portfolio operations, takes over after James Mworia left to become founding CEO of the National Infrastructure Fund. …
Why Centum tapped an insider to drive its next phase of cash returnsThe Standard
… According to the judges, the policy documents were too broad and did not specify the projects, costs and locations to which the funds would be allocated, while depositing the money in the National Infrastructure Fund did not amount to ring-fencing it for particular projects. …
Null and void: Court declares sale of Safaricom illegal, unconstitutionalCitizen Digital
… Kithure Kindiki has hailed the National Infrastructure Fund as the answer to Kenya’s road financing problems, promising major roads across Mt. …
DP Kindiki: Ruto's development scorecard is extensive and impossible to ignoreCapital News
NAIROBI, Kenya Sep 10 – The Employment and Labour Relations Court has certified as urgent a case challenging the appointment of James Mworia as the first chief executive officer of the National Infrastructure Fund, paving the way for an expedited hearing of the dispute. …
Court certifies urgent case challenging James Mworia’s appointment as National Infrastructure Fund CEOCitizen Digital
… To address persistent traffic congestion in Ngong, President Ruto announced that the Karen-Ngong-Kiserian-Ongata Rongai road will soon be upgraded into a dual carriageway through funding from the National Infrastructure Fund. …
President Ruto commissions road, water and housing projects on final day of Kajiado tourCitizen Digital
… James Mworia has stepped down to head the National Infrastructure Fund (NIF) board. …
Centum names Thomas Omondi as new CEO after Mworia exitPresident William Ruto announced that expansion of the Mzima Springs water project in Taita-Taveta County will begin this year, with the Government mobilising KSh30 billion through the National Infrastructure Fund to address water shortages in the region and supply Mombasa City.
27 September 2026 · Citizen Digital →
President William Ruto announced that expansion of the Mzima Springs water project in Taita-Taveta County will begin this year, with the Government mobilising KSh30 billion through the National Infrastructure Fund to address water shortages in the region and supply Mombasa City.
27 September 2026 · Citizen Digital →
President William Ruto has accused opposition leaders of being a mouthpiece for retired President Uhuru Kenyatta, dismissing their criticism of his track record. Speaking during a tour in Taita Taveta, Ruto said he will not be deterred from delivering on his manifesto and pledged to upgrade more roads and markets using the National Infrastructure Fund.
26 September 2026 · Citizen Digital →
Dr. Margaret Nyakang'o, the Controller of Budget, has raised concerns that various government special funds—including the National Infrastructure Fund, Sovereign Wealth Fund, Social Health Insurance Fund, Primary Healthcare Fund, and Affordable Housing Levy Fund—are operating outside the regular constitutional framework of checks and balances for public finance oversight.
25 September 2026 · Citizen Digital →
The Controller of Budget Margaret Nyakang'o has stated that her office has no visibility over billions of shillings collected through the National Infrastructure Fund and Sovereign Wealth Fund, as these operate outside the Consolidated Fund and cannot be tracked by the Office of the Controller of Budget.
21 September 2026 · The Standard →
President Ruto offered Kenya to rating agencies to assess how African risk is evaluated, saying regulations steer pension savings toward government securities instead of infrastructure, even where rules permit greater investment in projects. Kenyan pension funds hold 46 per cent of their Sh3.2 trillion in government securities but only 0.02 per cent in infrastructure debt, despite regulations allowing up to 10 per cent investment in infrastructure.
21 September 2026 · The Standard →
The Controller of Budget Margaret Nyakang'o said her office has no visibility over billions collected through key government funds including the National Infrastructure Fund and Sovereign Wealth Fund, as these standalone funds operate outside the Consolidated Fund and her office cannot track how the money is spent.
21 September 2026 · The Standard →
President William Ruto is attending the 81st United Nations General Assembly in New York to promote Kenya's investment agenda across energy, infrastructure, manufacturing, health, agriculture and technology. The government is pushing the proposed Sh2.2 trillion East Africa Refinery in Lamu, expected to create more than 60,000 jobs, with a planned groundbreaking set for September 30, 2026.
20 September 2026 · Capital News →
President William Ruto has departed for New York to attend the 81st United Nations General Assembly, where he will push Kenya's investment agenda and advocate for increased financing for Africa, focusing on partnerships in energy, infrastructure, manufacturing, health, agriculture and technology. He will also advance Kenya's agenda on artificial intelligence and Africa's participation in the global digital economy.
19 September 2026 · The Standard →
The Controller of Budget Margaret Nyakang'o has revealed that her office lacks visibility on how billions collected through government funds and levies are being spent, raising questions about accountability for public funds held outside the National Exchequer.
18 September 2026 · Citizen Digital →
The High Court declared the government's sale of a 15 per cent stake in Safaricom to Vodafone Group at Sh34 per share null and void, finding the share purchase agreement was concluded on December 3, 2025, before policy and parliamentary approval processes were complete, and the Sh204.3 billion in proceeds was not tied to specific, costed projects.
18 September 2026 · The Standard →
The National Infrastructure Fund is mobilising private capital and pension funds for Kenya's infrastructure projects, with NIF Chief Executive James Mworia stating the fund cannot finance the country's projects alone and must partner with institutional investors. The Pack Hunters Investments Consortium, a collection of pension funds interested in diversifying into capital-intensive infrastructure, held its inaugural stakeholder meeting to explore opportunities.
17 September 2026 · The Standard →
Kenya's financial sector is moving to unlock private capital for infrastructure development through the newly established National Infrastructure Fund (NIF), with pension funds, insurers, fund managers and capital markets players exploring ways to channel domestic savings into bankable projects. The push emerged during the inaugural stakeholder meeting of the Pack Hunters Investments Consortium in Nairobi, which brought together key players to discuss mechanisms for increasing private sector participation in financing both public and private infrastructure.
16 September 2026 · Citizen Digital →
Kenya is deepening its capital markets to attract domestic and regional investment into infrastructure and businesses as an alternative to external borrowing, with the inaugural Africa Capital Week in Nairobi drawing over 500 delegates from more than 20 African countries. The forum focused on increasing investment through African capital markets and creating opportunities for institutional investors to finance long-term projects, as Kenya grapples with public debt of about Sh12 trillion and a debt-to-GDP ratio of around 69.5 per cent as of February 2026.
16 September 2026 · The Standard →
A three-judge bench declared the government's sale of a 15 per cent stake in Safaricom to South Africa's Vodacom unconstitutional and illegal, ordering the stake restored to state ownership. The court found the transaction violated constitutional and public finance provisions, lacked parliamentary approval, and involved insufficient public participation.
16 September 2026 · The Standard →
Centum Investment Company named Thomas Omondi-Achola, previously group chief operating officer, as acting group chief executive following James Mworia's departure to lead the National Infrastructure Fund. The appointment prioritizes continuity as the East African investment firm transitions from debt reduction to returning cash to shareholders, having eliminated borrowings and improved its cost-to-income ratio to 66 per cent.
16 September 2026 · The Standard →
A three-judge bench declared the government's 15 per cent divestiture of Safaricom shares null and void, finding it violated the Constitution and laws on public finance, procurement, capital markets and competition. The court ordered the shares restored to State ownership and faulted the transaction, undertaken with Vodafone Group at Sh34 per share on December 3, 2025, for proceeding before policy and parliamentary approval were complete.
15 September 2026 · The Standard →
Deputy President Prof. Kithure Kindiki has praised the National Infrastructure Fund as a solution to Kenya's road financing challenges, announcing plans for a major dual-carriageway from Makutano through Mwea, Embu, Chuka, Meru and Maua following the Rironi-Mau Summit Road project.
10 September 2026 · Citizen Digital →
The Employment and Labour Relations Court has certified as urgent a case challenging James Mworia's appointment as first CEO of the National Infrastructure Fund. Petitioners allege a conflict of interest because Mworia was a sitting board member of the six-member Board that selected him for the position.
10 September 2026 · Capital News →
President William Ruto concluded a three-day tour of Kajiado County by commissioning road, water, affordable housing, and market projects in Kajiado North Constituency. He announced that the Karen-Ngong-Kiserian-Ongata Rongai road will be upgraded to dual carriageway by December 2026 and plans to build a bypass around Ngong to reduce traffic congestion.
7 September 2026 · Citizen Digital →
Centum Investment Company PLC has appointed Thomas Omondi-Achola as acting Chief Executive Officer following Dr. James Mworia's departure to head the National Infrastructure Fund board. Omondi, the Group Chief Operating Officer at Centum Capital Partners since 2018, brings over 25 years of senior executive and strategic transformation experience.
7 September 2026 · Citizen Digital →
The National Infrastructure Fund has appointed Dr. James Mworia Mwirigi as founding Chief Executive Officer, effective September 7, 2026. Mworia, formerly Group Chief Executive Officer of Centum Investment Company PLC for 17 years, will lead NIF's establishment as a credible investment institution and develop its institutional frameworks and project pipeline.
7 September 2026 · Citizen Digital →
The National Infrastructure Fund Board has appointed Dr James Mworia as founding Chief Executive Officer to lead the institution's operations and mobilise billions of shillings for major infrastructure projects. Mworia brings more than 25 years of experience in investment management and previously served as Group Chief Executive Officer of Centum Investment Company Plc for 17 years.
7 September 2026 · The Standard →
Centum Investment Company has appointed Thomas Omondi-Achola as acting group chief executive, effective immediately, following James Mworia's departure after 18 years to head Kenya's newly established National Infrastructure Fund.
7 September 2026 · The Standard →
President William Ruto has announced that companies awarded mining contracts at Lake Magadi will be required to establish processing and manufacturing facilities in Kenya, as he seeks to end the export of raw minerals. Ruto said the existing Tata Chemicals Ltd contract will not be renewed and that the government will no longer allow a single company to monopolise operations at Magadi.
5 September 2026 · Capital News →
President William Ruto has declared that no single company will occupy the entire 240,000 acres previously set aside for soda ash mining in Magadi, Kajiado County. The government plans to return about 70 per cent of the land to local residents, with mining companies expected to occupy only 20–30 per cent of the acreage.
5 September 2026 · Citizen Digital →
The National Assembly has approved Sessional Paper No. 7 of 2026 on the National Infrastructure Fund Investment Policy, which establishes investment guidelines for critical projects and sets out procedures for project identification, implementation, and review.
1 September 2026 · The Standard →
President William Ruto has called on the Church and other religious organisations to play a central role in advancing the Beyond Vision 2030 national conversation and development plan, stating that planning for the country's future belongs to all Kenyans, not government alone.
22 August 2026 · Citizen Digital →
Deputy President Kithure Kindiki said the ruling United Democratic Alliance has grown in strength since forming government in 2022 and claimed UDA is the only party in Kenya with strong presence at polling station level nationwide, urging opponents to step up their efforts.
21 August 2026 · Citizen Digital →
The National Infrastructure Fund, holding Sh340 billion, will now only fund state projects that can demonstrate economic viability, according to a new Investment Policy Statement introduced by Treasury. The fund will operate on strict commercial principles to ensure capital preservation and revenue generation.
21 August 2026 · The Standard →
Cabinet Secretary Mbadi presented the National Infrastructure Fund Policy Proposal before the Finance Committee.
20 August 2026 · Citizen Digital →