Ruto Names First Multi-Billion Shilling Project Under National Infrastructure Fund
Speaking during the assent of the National Infrastructure Fund (NIF) Bill, Ruto said that the government itself would invest Ksh20 billion in the project...
✨ Key Highlights
President William Ruto has announced that the expansion of Jomo Kenyatta International Airport (JKIA) will be the first infrastructure project financed under the newly established National Infrastructure Fund (NIF). The NIF is designed to mobilize over Ksh5 trillion over the next decade for large-scale development projects.
- The NIF Bill was signed into law on Monday, March 9.
- Ksh20 billion from the proceeds of the Kenya Pipeline Company sale will serve as seed money for JKIA's expansion.
- The fund will be overseen by a seven-member Board of Directors, chaired by an independent director, with the Treasury Cabinet Secretary also on the board.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
Ruto Names First Multi-Billion Shilling Project Under National Infrastructure Fund - March 2026
President William Ruto has announced that the expansion of Jomo Kenyatta International Airport (JKIA) will be the first infrastructure project financed under the newly established National Infrastructure Fund (NIF), designed to mobilize over Ksh5 trillion over the next decade for large-scale development projects. The President also officially signed the NIF Bill into law, establishing a new entity aimed at significantly boosting infrastructure development in Kenya. At the same time, the Port of Mombasa has launched a new trade route directly connecting East Africa to India, aiming to boost cargo movement and economic ties. Nairobi Governor Johnson Sakaja announced the rehabilitation of the Ngethu Water Treatment Plant as the inaugural project under the Ksh80 billion Ruto-Nairobi Partnership, addressing critical water supply issues affecting the city.
