The Controller of Budget, Dr Margaret Nyakango, has issued a strong warning that the proposed Sovereign Wealth Fund (SWF) Bill, 2026, could allow significant revenues to bypass the Consolidated Fund, potentially violating the Constitution.

• The Bill could permit billions in mineral and petroleum revenues to flow outside the Consolidated Fund, undermining constitutional financial oversight.
• Key concerns involve the Bill's silence on the SWF's relationship with the Consolidated Fund and the Controller of Budget's authorization powers.
• The Controller of Budget recommends that all withdrawals require prior parliamentary appropriation and express written authorization from her office.

The National Treasury is inviting Kenyans to submit their ideas for the 2026/27 Budget Statement, which is set to be presented to Parliament on June 11, 2026. The public consultation aims to gather proposals on economic policy, expenditure priorities, and tax measures.

• The Treasury is seeking ideas for reducing the cost of living, enhancing food security, and creating opportunities for youth and women.
• Key figures involved include CS John Mbadi and President William Ruto.
• Submissions should be sent to budgetstatement@treasury.go.ke and budgetstatement@gmail.com by close of business on May 8, 2026.

The National Treasury has officially removed the Kenya Pipeline Company (KPC) from its list of state entities following the completion of its Initial Public Offering (IPO).

• The government has sold a 65 per cent stake in KPC through an IPO on the Nairobi Securities Exchange (NSE).
• Cabinet Secretary for the National Treasury, John Mbadi, signed the legal notice on April 22, 2026, revoking KPC's designation.
• KPC will now operate under new governance and accountability structures, no longer falling under the financial oversight framework for state organs.