President William Ruto announced plans to establish two new funds: an Infrastructure Fund and a Sovereign Wealth Fund, aimed at securing Kenya's long-term economic stability and promoting prudent investment of public resources.

• The announcement took place in Vihiga County on Sunday, October 5th, reflecting Ruto's administration's commitment to safeguarding the country’s economic future.
• The Sovereign Wealth Fund Bill of 2019, which sought to manage surplus revenues and create a buffer against economic downturns, is expected to be reintroduced.
• The proposed funds coincide with an International Monetary Fund (IMF) mission in Nairobi to discuss a new financial support programme following Kenya’s request for renewed IMF engagement.