Parliament seeks bigger say in control of Kenya's Sovereign Wealth Fund

MPs are pushing for stricter oversight of the proposed Kenya Sovereign Wealth Fund to prevent unconstitutional withdrawals...

✨ Key Highlights

Members of Parliament are advocating for greater control over Kenya's proposed Sovereign Wealth Fund (SWF) to ensure accountability and prevent misuse of funds.

The National Assembly committee on Finance and Planning is pushing for withdrawals to require approval from the Controller of Budget and Parliament.
The SWF is intended to collect and invest revenues from oil and mineral resources to benefit future generations.
The committee recommends the Controller of Budget hold the final authority over any withdrawals.

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