The Cabinet in Kenya has approved the establishment of the National Infrastructure Fund (NIF) and the Sovereign Wealth Fund (SWF), aiming to transform the country's long-term development strategy and reduce reliance on borrowing.

• The NIF, structured as a limited liability company, will source private sector capital to finance priority investments, with each shilling expected to attract up to Ksh. 10 from various investors.
• The SWF provides a framework for managing and investing revenues from mineral and petroleum resources, dividends from public investments, and a portion of privatization proceeds to safeguard the economy from unforeseen events.
• The SWF Bill, 2025, the second in Kenya's history, aims for stabilization, strategic infrastructure investment, and savings for future generations.
• Key projects under this new financing model include constructing 50 mega-dams, dualling 2,500km of highways, and expanding the Standard Gauge Railway.