T
Originally published by The Standard BusinessMarch 5, 2026
2h ago
Mbadi's double speak: CS now says NIF a Fund, not limited company

Treasury boss has tried to defend his lie by claiming he was going ahead of cheeky Kenyans. The IPO was oversubscribed by 5% and government will refund the Sh5 billion...
✨ Key Highlights
Cabinet Secretary Moses Kuria's latest statements have caused confusion regarding the nature of the National Investment Fund (NIF). He now describes it as a fund, contradicting previous assertions that it was a limited company.
- The NIF is now described as a fund, not a limited company.
- Cabinet Secretary Moses Kuria is the key figure involved.
- This shift in description follows earlier statements that the NIF was a limited company, creating "double speak".
Continue Reading
Read the complete article from The Standard Business
Advertisement
Advertisement