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Originally published by Nation Businessbusiness
June 11, 2026
4h ago
State turns to Infrastructure Fund for Sh30bn energy projects
Government decision follows freezing of Kenya freeze on electricity tariffs hike...
✨ Key Highlights
Kenya's National Treasury is turning to the newly established National Infrastructure Fund (NIF) to finance Sh30.9 billion in energy sector projects, including vital upgrades to the national electricity grid, for the fiscal year starting July 1.
- The NIF will be the primary source of funding for these projects, a move necessitated by the freeze on electricity tariff reviews.
- Key allocations include Sh7.5 billion for national grid upgrades, Sh20.2 billion for rural connections, and Sh3.2 billion for alternative energy sources.
- Treasury CS John Mbadi announced the funding strategy during the 2026/2027 Budget presentation, highlighting the fund's role in financing capital-intensive projects without accumulating more debt.
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