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Originally published by The Standard
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March 9, 2026
2d ago

Mega infrastructure projects get lifeline as Ruto signs Bill

Mega infrastructure projects get lifeline as Ruto signs 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, establishing a new financing mechanism for major Kenyan infrastructure projects.

  • The fund aims to mobilize up to Sh5 trillion over the next decade to address an estimated annual infrastructure financing need of $4 billion (Sh16 billion).
  • Key figures involved include President William Ruto and representatives from entities like the International Finance Corporation and Africa Finance Corporation.
  • The expansion of Jomo Kenyatta International Airport will be the first major project financed through this new model, with initial seed capital coming from the Kenya Pipeline Company IPO.

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