T
Originally published by The Standardtop
March 9, 2026
3h ago
Mega infrastructure projects get lifeline as Ruto sings Bill
President Ruto said the fund will help narrow the infrastructure financing needs of the country that the World Bank estimates to be about $4 billion (Sh16 billion) each year...
✨ Key Highlights
President William Ruto has signed the National Infrastructure Fund Bill into law, aiming to significantly enhance the financing of mega infrastructure projects in Kenya.
- The fund aims to mobilize up to Sh5 trillion to finance key projects, addressing an estimated annual infrastructure financing need of $4 billion (Sh16 billion).
- Key stakeholders present included representatives from the International Finance Corporation, Africa Finance Corporation, and various Kenyan business leaders.
- The Kenya Pipeline Company IPO, which raised Sh106 billion, will form the seed capital for the fund, with the expansion of Jomo Kenyatta International Airport slated as the first major project to be financed.
Continue Reading
Read the complete article from The Standard
Advertisement
Advertisement