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Originally published by Nation Business
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business
February 26, 2026
13h ago

Gathungu opposes asset sales to feed Infrastructure Fund

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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