Ruto pitches Sh5 trillion debt-free fund to foreign diplomats

President William Ruto urged diplomats and investors to back Kenya’s Sh5 trillion infrastructure fund to finance roads, energy, irrigation and schools without new taxes or debt...

✨ Key Highlights

President William Ruto has asked diplomats and international investors to back Kenya's Sh5 trillion ($40 billion) National Development Plan. He proposed establishing funds to finance major infrastructure and social programs without increasing debt or taxes.

The plan is anchored around a National Infrastructure Fund and a Sovereign Wealth Fund, both approved by Cabinet in December.
The National Infrastructure Fund, with a Sh5 trillion framework, aims to attract private investment in key sectors like roads and energy.
President Ruto spoke at State House in Nairobi on Monday, February 9, during a New Year diplomatic address.
The initiative seeks to shift Kenya towards an investment-led growth model and reduce reliance on public borrowing.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

Video

Stakeholders urge govt to construct more day secondary schools to achieve 100 percent transition

NTV Kenya (Youtube)

4h ago

politics6h ago

Boniface Mwangi: Why I want all private schools abolished

Activist Boniface Mwangi, a presidential hopeful for 2027, has called for the abolition of all private schools in Kenya, advocating for fully government-funded public education from kindergarten to university. He also demanded free healthcare, arguing these measures would boost national productivity and accused the current administration of failing to deliver on campaign promises.

Standard Politics

📰 Read Full Story

sports6h ago

Road to Morogoro: Will last year's champions bear the weight of the crown?

The annual Brookside national term one games are underway, marking the start of the competitive school sports season in Kenya. These games are a significant platform for young athletes to launch their sports careers and are recognized as the country’s primary talent incubator.

Standard Sports

📰 Read Full Story

top8h ago

Questions as Four Brothers Drown While Swimming

Four brothers, aged between 8 and 15, drowned while swimming in an open quarry near Kudho Primary and Secondary School in Kisumu County on Sunday, February 9. The tragedy occurred when three of the boys attempted to rescue their brother who started drowning in a deeper part of the dam.

Kenyans

📰 Read Full Story