What new Bill on Infrastructure Fund says
The government wants to mobilise up to Sh5 trillion by crowding in private capital...
✨ Key Highlights
Kenya is moving closer to creating the National Infrastructure Fund after the Tabling of the National Infrastructure Fund Bill, 2026, in Parliament. This fund aims to mobilize up to Sh5 trillion by leveraging up to Sh10 for every shilling invested, primarily through privatizing State entities and selling government assets.
- The Leader of Majority Kimani Ichung’wah tabled the Bill, outlining the fund's governance and investment policies.
- The fund will be governed by a nine-member board including the Cabinet Secretary for National Treasury, responsible for mobilizing resources and developing an investment policy.
- Seed capital will come from the Kenya Pipeline Company IPO (expected to raise Sh106 billion) and the partial sale of Safaricom shares (expected to raise around Sh244.5 billion from selling a 15 percent stake to Vodacom Group).
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National Infrastructure Fund Bill Tabled; Banks Reprice Loans After CBK Rate Cut - February 2026
Kenya is moving to create the National Infrastructure Fund after the National Infrastructure Fund Bill, 2026, was tabled in Parliament. The fund aims to mobilize up to Sh5 trillion by privatizing State entities and selling government assets. Concurrently, Controller of Budget Margaret Nyakang’o has warned the government against becoming an 'IMF puppet' and raised concerns about this planned fund. In a separate development affecting the financial sector, commercial banks including NCBA Bank Kenya, KCB Bank Kenya, and Equity Bank Kenya have begun repricing their loans. This action is in response to the Central Bank of Kenya’s (CBK) latest rate cut and a new risk-based pricing framework.
