CS Mbadi defends Sh5 trillion infrastructure fund in court
Mbadi asserts the fund will feature a "competitively appointed board" and CEO...
✨ Key Highlights
Treasury CS John Mbadi has defended the controversial establishment of the National Infrastructure Fund in court, asserting it's vital for Kenya's development agenda. The High Court had suspended the fund’s operation pending the hearing of two challenges against it, while the government was directed to file its response by January 20.
- The proposed fund aims to mobilize over Sh5 trillion for projects like food security and transport.
- The Consumers Federation of Kenya (Cofek) and others have challenged the fund, arguing its establishment as a limited liability company violates Article 201 of the Constitution.
- Mbadi stated the fund would operate under clear governance and accountability frameworks with a competitively appointed board.
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Parliament Approves Sh204Bn Safaricom Sale for Infrastructure; Mau Summit Road Upgrade Planned - February 2026
A Kenyan parliamentary committee has approved the sale of a 15% government stake in Safaricom PLC to raise Sh204.3 billion for critical infrastructure development. The sale aims to ease pressure on public finances as only Sh29.8 billion was available for development in the 2025/26 financial year. In separate infrastructure initiatives, the National Treasury and KeNHA have begun plans for the upgrade of the Mau Summit–Eldoret–Malaba Road PPP project. Following online discussions, the National Social Security Fund (NSSF) defended its investment in the Rironi–Nakuru–Mau Summit highway project, stating that contributors' savings are safe. Meanwhile, Treasury CS John Mbadi defended the controversial National Infrastructure Fund in court after the High Court suspended its operation.
