DP Kindiki tells off opposition over National Infrastructure Fund
Deputy President Kithure Kindiki has defended the government's proposal to establish a National Infrastructure Fund, saying it is aimed at ensuring proceeds from the sale of selected State assets are invested in long-term development projects...
✨ Key Highlights
Deputy President Kithure Kindiki has strongly defended the proposed National Infrastructure Fund, aimed at directing proceeds from asset sales into long-term development, rather than recurrent expenditure.
- The fund will be managed by an independent, private-sector-led board for transparency.
- The Kenyan government intends to use funds from the sale of strategic assets like Safaricom and Kenya Pipeline Company for infrastructure projects, unlike past regimes.
- Partial sales of Safaricom and Kenya Pipeline shares have reportedly fetched Ksh350 billion.
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State Issues Notice to Landowners Over 83KM Highway Expansion Project - July 2026
The National Land Commission (NLC) is intensifying preparations for the expansion of the 83-kilometre Nyali Bridge-Mtwapa-Kwa Kadzengo-Kilifi (A7) highway by identifying additional land parcels for compulsory acquisition. Separately, Dangote Industries Limited has announced plans to build a new 700,000-barrel-per-day oil refinery in Kenya, significantly expanding its refining capacity across Africa. Deputy President Kithure Kindiki has strongly defended the proposed National Infrastructure Fund, aimed at directing proceeds from asset sales into long-term development rather than recurrent expenditure.
