Kenyan President William Ruto announced that the nation's new National Infrastructure Fund (NIF) has successfully mobilised approximately USD1 billion (Ksh129 billion) in its first four months, a significant step in shifting infrastructure funding away from external lenders.

• Mobilised USD1 billion (Ksh129 billion) in four months from domestic sources via Public-Private Partnerships (PPPs).
• The initiative spearheaded by President William Ruto aims to fund strategic national projects over 10 years.
• Key projects include the expansion of Jomo Kenyatta International Airport (JKIA) and the development of the East African Oil Refinery.

Kenya Railways has launched a Ksh65 billion urban mobility improvement project aimed at addressing transport challenges in Nairobi and its surrounding counties. The initiative, supported by the World Bank, will seek consulting firms to develop a comprehensive urban mobility plan.

• The project budget stands at Ksh65 billion.
• Key organization involved is Kenya Railways.
• The plan covers Nairobi, Kiambu, Machakos, Kajiado, and Murang’a counties, focusing on integrating various transport systems.

The Kenyan government will invest public funds from its National Infrastructure Fund (NIF) into a new Ksh 2.58 trillion oil refinery planned for East Africa, associated with Nigerian businessman Aliko Dangote.

• The Kenyan government plans to use NIF funds to co-invest in the refinery, aiming to de-risk the project and share in future profits.
• President William Ruto announced the investment, stating it will be sourced from the NIF, a Ksh 5 trillion infrastructure vehicle.
• The oil refinery project is estimated to cost USD 20 billion (Ksh 2.58 trillion) and may be located in Mombasa.