Africa must deploy Sh260 trillion savings into industry, Ruto tells summit
President William Ruto has called for regional integration and African-led financing after a report revealed the continent holds over $2 trillion in domestic capital...
✨ Key Highlights
Kenyan President William Ruto has urged African nations to invest their substantial domestic savings into industrialization, emphasizing the need for regional integration and improved infrastructure to unlock economic growth.
- Africa now holds over $2 trillion (Sh260 trillion) in domestic capital, surpassing external financing flows.
- The call was made at the Africa We Build Summit in Nairobi, following a report by the Africa Finance Corporation.
- Kenya will increase its equity investment in the Africa Finance Corporation by Sh3.25 billion as the institution opens a regional office in Nairobi.
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Treasury Revokes Kenya Pipeline Company’s SOE Status After Landmark IPO - April 2026
The National Treasury has officially revoked the State-Owned Enterprise (SOE) status of the Kenya Pipeline Company (KPC) following its recent privatization through a landmark IPO. The Treasury faces a significant challenge in disbursing Sh139.03 billion to county governments by the June 30 deadline, amidst competing financial demands and reduced fiscal space. Separately, Kenya is actively seeking to attract Italian investment through strategic partnerships, participating in the ongoing Italy–Kenya Economic Forum in Rome to boost key sectors. Meanwhile, Kenyan President William Ruto urged African nations to invest their substantial domestic savings into industrialization at an African summit, emphasizing the need for regional integration and improved infrastructure to unlock economic growth.
