Ruto bets on infrastructure fund to finance Kenya’s first-world ambitions
NAIROBI, Kenya, Jan 1 - President William Ruto has set the stage for a major shift in how Kenya finances and delivers development, unveiling the National Kenya breaking news | Kenya news today |..
✨ Key Highlights
President William Ruto announced the establishment of the National Infrastructure Fund as a "cornerstone" of Kenya's economic development during his New Year's Address, aiming to accelerate the country's transformation towards a first-world economy by 2026.
- The National Infrastructure Fund will be fully operationalized by January 2026 alongside a Sovereign Wealth Fund.
- The initiative seeks to reduce reliance on debt by leveraging domestic resources, private capital, and national savings.
- Proceeds from privatisation will be "ring-fenced" and invested strictly in infrastructure projects to generate long-term value.
- Anticipated projects include the completion of the Talanta Sports Complex, the Bomas International Convention Centre, and the launch of the Naivasha–Narok–Kisumu–Malaba Standard Gauge Railway.
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Kenya Implements Economic Policies Including Privatization, a New Infrastructure Fund, and Licensing of Digital Lenders - January 2026
In 2025, Kenya initiated a major economic policy shift through privatization, primarily by selling a significant stake in Safaricom PLC to raise capital for infrastructure and reduce debt. Alongside this, President William Ruto announced the establishment of the National Infrastructure Fund as a cornerstone of Kenya's economic development. This fund aims to accelerate the country's transformation towards a first-world economy by 2026. Separately, the Central Bank of Kenya (CBK) has licensed an additional 42 Digital Credit Providers (DCPs). This action brings the total number of regulated digital lenders in the country to 195 as of January 1, 2024. The ongoing regulation aims to curb predatory practices and protect consumers in the digital lending sector.
