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Originally published by Kenyans
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July 8, 2026
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Ruto Okays New Law Setting Aside Billions in Oil and Mineral Wealth for Future Generations

Ruto Okays New Law Setting Aside Billions in Oil and Mineral Wealth for Future Generations

The new law comes at a time when Kenya is seeking an overhaul in mineral value additional and attracting renewed interest in its non-renewable resources among the crude oil deposits...

✨ Key Highlights

President William Ruto has signed the Sovereign Wealth Fund Act, 2026 into law, establishing Kenya's first national savings fund to manage resource wealth for future generations.

  • 30 per cent of all mineral and petroleum revenues will be allocated to the Future Generations Fund.
  • The Kenyan government aims to manage resource wealth, cushion the economy, and finance strategic infrastructure.
  • The Act also creates a Stabilisation Fund and a Strategic Infrastructure Investment Fund, with strict investment rules and parliamentary oversight.

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