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May 12, 2026
1h ago

Kenya Raises Ksh129 Billion Through NIF - Ruto

Kenya Raises Ksh129 Billion Through NIF - Ruto

The plan seeks to change how the country raises revenue to fund infrastructure projects, shifting away from the usual borrowing from global lenders...

✨ Key Highlights

Kenyan President William Ruto announced that the nation's new National Infrastructure Fund (NIF) has successfully mobilised approximately USD1 billion (Ksh129 billion) in its first four months, a significant step in shifting infrastructure funding away from external lenders.

  • Mobilised USD1 billion (Ksh129 billion) in four months from domestic sources via Public-Private Partnerships (PPPs).
  • The initiative spearheaded by President William Ruto aims to fund strategic national projects over 10 years.
  • Key projects include the expansion of Jomo Kenyatta International Airport (JKIA) and the development of the East African Oil Refinery.

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