President William Ruto has appointed a Governing Council to oversee the newly established National Infrastructure Fund, aiming to shift Kenya's development financing from debt to investment.

• The fund aims to mobilize approximately Sh5 trillion ($38.5 billion) over the next decade.
• Key members include Treasury Cabinet Secretary John Mbadi (Chair), Central Bank Governor Kamau Thugge, and Attorney-General Dorcas Agik Oduor, alongside other independent appointees.
• The council's first task is to recruit the fund's board of directors and CEO to manage operations for strategic projects like highways, railways, and energy systems.