National Infrastructure Fund Bill Tabled; Banks Reprice Loans After CBK Rate Cut - February 2026

Kenya is moving to create the National Infrastructure Fund after the National Infrastructure Fund Bill, 2026, was tabled in Parliament. The fund aims to mobilize up to Sh5 trillion by privatizing State entities and selling government assets. Concurrently, Controller of Budget Margaret Nyakang’o has warned the government against becoming an 'IMF puppet' and raised concerns about this planned fund. In a separate development affecting the financial sector, commercial banks including NCBA Bank Kenya, KCB Bank Kenya, and Equity Bank Kenya have begun repricing their loans. This action is in response to the Central Bank of Kenya’s (CBK) latest rate cut and a new risk-based pricing framework.

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Nyakang’o warns Kenya against being ‘IMF puppet’ in race for cash

Kenya's Controller of Budget Margaret Nyakang’o has warned the government against becoming an IMF puppet, urging expanded budgetary support options to avoid eroding domestic policy-making reforms. She also raised concerns about the planned National Infrastructure Fund (NIF) established under the Government Owned Enterprises (GOE) Act.