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Originally published by Nation Businessbusiness
February 26, 2026
13h ago
Gathungu opposes asset sales to feed Infrastructure Fund
Gathungu argues that the strategy is not sustainable in the long term...
✨ Key Highlights
Kenya's Auditor-General Nancy Gathungu has raised concerns about the proposed National Infrastructure Fund (NIF), specifically its heavy reliance on the sale of public assets.
- The NIF is criticized for its strategy of asset monetisation, which carries risks of lower valuations and depleting assets for future generations.
- Key sources of seed capital mentioned include the Kenya Pipeline Company IPO and the sale of a 15% stake in Safaricom.
- Ms. Gathungu also pointed out a lack of transparency in asset valuation processes within the National Infrastructure Fund Bill 2026 and urged alignment of guarantees with the national budget.
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