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Originally published by The Standard Business
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March 5, 2026
2h ago

Mbadi's double speak: CS now says NIF a Fund, not limited company

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".

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