President William Ruto has signed into law the Sovereign Wealth Fund Act, 2026, which mandates that 30 percent of Kenya's mineral and petroleum revenues be allocated to a fund for future generations.

• 30 percent of mineral and petroleum revenues will be set aside for the Future Generations Fund.
• Key person involved is President William Ruto, signing the legislation into law.
• The new Act establishes a sovereign wealth fund comprising three distinct funds: the Future Generations Fund, the Stabilisation Fund, and the Strategic Infrastructure Investment Fund.

The Bank of Tanzania (BoT) has significantly boosted its foreign exchange reserves by purchasing approximately 28 tonnes of gold over the past 18 months.

• The gold purchases, amounting to 28 tonnes, support the Tanzanian Shilling's value and financial sector stability.
• The initiative was disclosed by BoT Governor Emmanuel Tutuba.
• This strategy also promotes the formalization of the mining sector and financial inclusion, with over 4,000 accounts opened for gold traders and miners.

Kenya's National Assembly will now vet nominees for Central Bank of Kenya (CBK) Deputy Governor after President William Ruto assented to the new Central Bank of Kenya (Amendment) Act, 2026.

• The new law aligns the appointment process for Deputy Governors with that of the CBK Governor, enhancing transparency and accountability.
• Key individuals involved are President William Ruto and the nominees for Deputy Governor positions at the CBK.
• Deputy Governors will now serve a four-year term, renewable once, and will be tasked with performing duties assigned by the Governor.