Govt moves to establish Infrastructure, Sovereign Wealth Funds secure stability
President Ruto said the twin funds will play a key role in promoting sustainable development by channeling resources into long-term national priorities and shielding the economy from shocks. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
Kenya is establishing two new funds—an Infrastructure Fund and a Sovereign Wealth Fund—to strengthen its long-term economic stability and ensure prudent investment of public resources. President William Ruto announced the initiative in Vihiga County on Sunday, aiming for a stronger economic future for the country.
- The Sovereign Wealth Fund Bill of 2019, introduced under the previous administration, sought to manage surplus revenues but stalled in Parliament due to governance concerns.
- The proposed Infrastructure Fund aims to support major public projects and reduce reliance on commercial borrowing, potentially reshaping Kenya's fiscal landscape.
- The announcement coincides with an IMF mission visit, suggesting a strategic move by Nairobi to signal fiscal discipline during financial support program negotiations.
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Govt Announces SGR Land Acquisition, New Infrastructure Fund, and Senate Probes Busia Projects - October 2025
The National Land Commission (NLC) has announced revisions to land parcels designated for the Nairobi-Naivasha Standard Gauge Railway (SGR) project. This involves acquiring 25 additional parcels of land and amending others for the Phase 2A expansion, affecting a total of 38 land portions. To support major projects, the government is establishing an Infrastructure Fund and a Sovereign Wealth Fund, an initiative announced by President William Ruto to ensure prudent investment of public resources. In a related oversight action, the Kenyan Senate, through its Senate Mashinani initiative, has extended its focus to Busia County. The Senate will scrutinize several stalled infrastructure projects and inefficient cross-border trade operations that hinder local development.
