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Originally published by KBC Top Stories
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July 8, 2026
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Ruto assents to Sovereign Wealth Fund Bill

Ruto assents to Sovereign Wealth Fund Bill

President William Ruto has signed the Sovereign Wealth Fund Bill, 2026, into law, paving the way for the creation of Kenya's first fund dedicated to investing public wealth for future generations and economic stability...

✨ Key Highlights

President William Ruto has assented to the Sovereign Wealth Fund Bill, 2026, into law, establishing Kenya's inaugural fund for investing public wealth. The signing ceremony took place at State House, Nairobi, on Wednesday.

  • The new law aims to enhance fiscal sustainability by mobilizing and investing surplus public resources, preserving wealth for future generations, and shielding the economy from external shocks.
  • The Sovereign Wealth Fund will operate under an independent governance structure.
  • It will be financed through designated government revenues, investment income, grants, donations, and other approved sources.

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