Breaking News & Top Stories3 stories from 2 sources
The Cabinet has approved the establishment of a KSh5 trillion National Infrastructure Fund, which aims to accelerate economic growth by using creative financing methods beyond traditional taxation. COTU Secretary General Francis Atwoli urged Kenyans to support the proposed fund, stating it is crucial for addressing infrastructure deficiencies and preventing road accidents. However, the proposal is facing a challenge over its plan to be registered as a Limited Liability Company (LLC). Critics argue that this structure would be a direct violation of Kenya's 2010 Constitution.
COTU Secretary General Francis Atwoli has urged Kenyans to support President William Ruto's proposed Ksh 5 trillion National Infrastructure Fund, stating it is crucial to prevent road accidents and address infrastructure deficiencies.
Summary & Analysis
The Cabinet has approved the establishment of a KSh5 trillion National Infrastructure Fund and a Sovereign Wealth Fund, aiming to accelerate economic growth and improve Kenya's financial standing. Both funds will utilize creative financing methods beyond traditional taxation to mobilize resources for national development.
Summary & Analysis
The proposed registration of a National Infrastructure Fund, projected to reach KSh 5 trillion, as a Limited Liability Company (LLC) is being challenged as a direct violation of Kenya's 2010 Constitution.
Summary & Analysis
