Kenyan Cabinet Approves KSh5T Infrastructure Fund, New Policies, and Security Upgrades

The Kenyan Cabinet has approved the establishment of a KSh5 trillion National Infrastructure Fund and a Sovereign Wealth Fund to accelerate economic growth using financing methods beyond traditional taxation. The Cabinet also announced the full settlement of KSh123 billion in pending bills for certified works in the Ministry of Roads up to December 31, 2024. In addition, it approved a new National Energy Policy and an updated National Petroleum Policy to support the country's transformation into a modern, industrialized economy. To enhance national security, the establishment of a National Integrated Security Command and Control Centre was approved to replace an outdated platform. Finally, the Cabinet okayed the implementation of new second-generation smart driving licenses through a public-private partnership to modernize the transport system.