Ruto Approves Creation of New Fund
Ruto expects to borrow Ksh125 billion through the new fund this year, and up to Ksh390 billion to fund the expansion of the SGR to Malaba...
✨ Key Highlights
President William Ruto has approved the creation of the Railway Development Levy Fund (RDLF), a new vehicle to accelerate infrastructure funding and securitisation.
- Over Ksh35 billion collected through the Railway Development Levy (RDL) will be channelled into the fund.
- Key figures involved include President William Ruto and the Treasury.
- The fund will allow future RDL collections to be used for borrowing through 'securitisation', potentially unlocking significant funding for railway projects, including the Standard Gauge Railway (SGR).
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Parliament Seeks Public Comment on Ksh316.87B Supplementary Budget - March 2026
Parliament has invited public comments on a Ksh316.87 billion supplementary budget that significantly increases government spending beyond initial approved estimates. The State Department of Micro, Small and Medium Enterprises is simultaneously requesting Ksh 300 million to recover defaulted loans from the Hustler Fund. President William Ruto has approved the creation of the Railway Development Levy Fund, a new vehicle to accelerate infrastructure funding and securitisation. These developments come as President Ruto also handed over keys to 120 new homeowners at the Emgwen Boma Yangu Estate in Nandi County, marking a significant milestone for the Affordable Housing Programme.
