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..

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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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