New Sovereign Wealth Fund Bill expands funding, eases rules
NAIROBI, Kenya, Oct 27 - The National Treasury has published the Sovereign Wealth Fund Bill, 2025, seeking to broaden funding sources and introduce a more Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya's National Treasury has released the Sovereign Wealth Fund Bill, 2025, aiming to expand funding sources and create a more flexible investment framework for the nation’s natural resource revenues and public investments. This initiative follows President William Ruto's recent announcement to establish both a Sovereign Wealth Fund and an Infrastructure Fund.
- A key amendment expands revenue streams to include "proceeds from divestment of government petroleum and mining interests."
- The Cabinet Secretary for the National Treasury will now have the discretion to determine annual allocations across the fund’s three components, replacing fixed allocation floors.
- Only 50 percent of investment income from the Stabilisation Component will be reinvested, with the remaining half directed to the Future Generation Fund for long-term savings.
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Kenya Lifts Logging Ban, Proposes Wealth Fund, and Reinstates Mombasa Flights - October 2025
President William Ruto has conditionally lifted the ban on logging in Kenya, allowing for the harvesting of only mature trees in forests to be used for commercial purposes. Following an announcement by President Ruto, Kenya's National Treasury has also released the Sovereign Wealth Fund Bill, 2025. The bill aims to expand funding sources and create a flexible investment framework for natural resource revenues and public investments. In a separate development boosting Kenya's coastal tourism and trade sectors, Turkish Airlines has reinstated direct flights between Istanbul and Mombasa. The service, which had been on a five-year hiatus, resumed on October 26 and will operate three times a week.
