Infrastructure Fund will end Kenya’s debt cycle: Ruto promises key framework Monday

President William Ruto says Monday’s Cabinet meeting will adopt the National Infrastructure Fund, a new model to finance development by investing privatisation proceeds, attracting long-term capital, and cutting reliance on debt and taxation. He also unveiled plans for 10,000MW..

✨ Key Highlights

During the Jamhuri Day celebrations, President William Ruto announced that the Cabinet will consider a new National Infrastructure Fund (NIF) framework on Monday. This initiative aims to finance Kenya's development by mobilizing long-term investment and reducing reliance on debt and taxation, ending the practice of using privatization proceeds for recurrent budget deficits.

The NIF seeks to attract ten shillings from long-term investors for every shilling of government investment.
President Ruto emphasized the need for Kenya to generate 10,000MW of new energy within seven years.
The Cabinet will also consider the Sovereign Wealth Fund Policy, drawing capital from natural resource royalties, public investment returns, and privatization proceeds.

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