National Treasury and Economic Planning Cabinet Secretary John Mbadi has defended the government's economic reform agenda, particularly the newly enacted Sovereign Wealth Fund, asserting it will secure Kenya's future.

• The Sovereign Wealth Fund Bill has been signed into law by President William Ruto.
• Mbadi stated that delaying the fund's establishment would postpone economic transformation, drawing comparisons to successful international models.
• He also addressed his shift in political affiliation, explaining similarities between Kenya Kwanza and Azimio Coalition manifestos regarding economic reforms.

Treasury Cabinet Secretary John Mbadi has appointed six members, including Lawrence Kibet and James Mworia, to the National Infrastructure Fund Board, signaling a significant step towards operationalizing the new fund.

• Key appointees include James Mworia, CEO of Centum Investment Company, and Lawrence Kibet, Director General at the National Treasury.
• The National Infrastructure Fund (NIF) was established to provide sustainable financing for large infrastructure projects, reducing reliance on borrowing.
• The fund's asset base has been strengthened by the transfer of government shareholding in the Kenya Pipeline Company, with plans to potentially add stakes in other profitable state-owned enterprises.

The National Treasury has defended its decision to scrap the original Nairobi–Nakuru–Mau Summit Highway contract, opting for a new toll-based model to improve fiscal sustainability.

• The original deal would have cost the government approximately Ksh23 billion annually, a figure deemed unsustainable.
• Treasury Cabinet Secretary John Mbadi explained the shift away from a model that exposed taxpayers to a projected funding gap of up to Ksh200 billion in 15 years.
• The new Public Private Partnership (PPP) arrangement shifts financial risk to road users, with motorists potentially paying up to Ksh8 per kilometre.