Deputy President Kithure Kindiki has strongly defended the proposed National Infrastructure Fund, aimed at directing proceeds from asset sales into long-term development, rather than recurrent expenditure.

• The fund will be managed by an independent, private-sector-led board for transparency.
• The Kenyan government intends to use funds from the sale of strategic assets like Safaricom and Kenya Pipeline Company for infrastructure projects, unlike past regimes.
• Partial sales of Safaricom and Kenya Pipeline shares have reportedly fetched Ksh350 billion.

President William Ruto is continuing his advocacy for the new National Infrastructure Fund, aiming to bolster development across the country.

• The initiative focuses on securing resources for vital national projects.
• Key figures involved include President William Ruto and relevant government bodies.
• The fund is expected to attract both public and private investment for infrastructure development.

Kenya's government plans to increase funding for Savings and Credit Cooperative Organisations (SACCOs) by channeling resources through the National Infrastructure Fund (NIF). This initiative aims to bolster the cooperative sector while freeing up national budget space for other priorities.

• The National Infrastructure Fund (NIF) has secured Ksh345 billion in seed capital.
• This plan was announced by Deputy President Kithure Kindiki during Ushirika Day celebrations.
• Additional funding could support reforms under the Sacco Societies (Amendment) Bill, 2025, including a proposed Deposit Insurance Fund.

The Kenyan government expresses confidence in planned reforms for the cooperative sector, aiming to safeguard members' savings amidst ongoing national challenges. These reforms are expected to bolster the financial security of cooperative members.

• The primary focus is to protect members' savings within the cooperative sector.
• The Kenyan government is leading the initiative.
• This development occurs in the context of broader economic concerns affecting Kenyans, though the article snippet doesn't specify more details.

Kenya's Deputy President Kithure Kindiki has defended the government's decision to potentially sell stakes in state-owned companies, including Safaricom and Kenya Pipeline.

• The government is considering selling partial stakes in key state corporations.
• Key figures involved include Deputy President Kithure Kindiki.
• The move aims to raise revenue and improve the efficiency of these entities, according to the DP.

President William Ruto has assented to the Central Bank of Kenya (Amendment) Act, 2026, introducing stricter conditions for banks seeking Emergency Liquidity Assistance (ELA) from the Central Bank of Kenya (CBK).

• Banks must now meet stringent solvency, viability, and systemic risk thresholds to access ELA.
• The reforms aim to strengthen banking oversight and ensure taxpayer protection during financial distress.
• The new law formally separates the CBK's routine monetary policy from emergency financial interventions.

The Kenyan government is implementing reforms in the cooperative sector aimed at strengthening the protection of members' savings and restoring public trust.

• The reforms are expected to enhance the protection of members' savings.
• The Kenyan Government is spearheading these changes.
• The goal is to restore public confidence in the cooperative sector.