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Originally published by The Standardtop
January 28, 2026
11h ago
Why Ruto's Sh5 trillion infrastructure fund is facing trust crisis

President William Ruto's National Infrastructure Fund (NIF) has drawn renewed opposition from political leaders who question its governance structure and funding mechanisms...
✨ Key Highlights
President William Ruto's National Infrastructure Fund (NIF), intended to finance Sh5 trillion in development projects, is facing a trust crisis due to concerns over its governance structure and parliamentary oversight.
- Maliba Arnold, Progress Plus Alliance (PPA) party leader, accused the president of creating the fund to operate outside parliamentary oversight, while political risk analyst Dismas Mokua noted a public trust deficit towards government initiatives.
- The NIF, approved by Cabinet on December 15, 2025 as a limited liability company, aims to fund projects through national budget allocations, privatization of state-owned assets, capital markets, and public-private partnerships.
- The government plans to raise Sh347.5 billion from share sales in companies like Safaricom and Kenya Pipeline Company (KPC), with KPC expected to contribute about Sh100 billion.
- Treasury Cabinet Secretary John Mbadi defended the fund's structure, asserting it is not a private entity but a professionally managed limited liability company governed by the Government-Owned Enterprises Act.
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