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Originally published by Nation Politicspolitics
April 1, 2026
6h ago
Design flaws in Ruto’s infrastructure fund
While the fund aims for autonomy, critical loopholes exist...
✨ Key Highlights
Kenyan President William Ruto's new infrastructure fund, designed to finance a US$12 billion annual investment gap, faces significant design flaws that could hinder its effectiveness, according to a project finance expert.
- The fund aims to raise capital through public-private partnerships, privatisation proceeds, and institutional capital to address Kenya's US$2.1 billion annual infrastructure financing shortfall.
- Key concerns include the Treasury Cabinet Secretary's dual role as a board member and appointer of independent directors, potentially compromising autonomy.
- The fund's reliance on asset disposal and a clause allowing government support mechanisms that increase public debt also contradict its stated goals of reducing reliance on public debt.
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