Sovereign Wealth Fund allocates 30pc of resource revenue for future generations
Under the law, 30 percent of all mineral and petroleum income will be ring-fenced for the Future Generations Fund to preserve wealth for future Kenyans...
✨ Key Highlights
President William Ruto has signed into law the Sovereign Wealth Fund Act, 2026, which mandates that 30 percent of Kenya's mineral and petroleum revenues be allocated to a fund for future generations.
- 30 percent of mineral and petroleum revenues will be set aside for the Future Generations Fund.
- Key person involved is President William Ruto, signing the legislation into law.
- The new Act establishes a sovereign wealth fund comprising three distinct funds: the Future Generations Fund, the Stabilisation Fund, and the Strategic Infrastructure Investment Fund.
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Sovereign Wealth Fund allocates 30pc of resource revenue for future generations - July 2026
President William Ruto has signed into law the Sovereign Wealth Fund Act, 2026, which mandates that 30 percent of Kenya's mineral and petroleum revenues be allocated to a fund for future generations. The Bank of Tanzania has also made significant moves to strengthen reserves by purchasing approximately 28 tonnes of gold over the past 18 months, boosting its foreign exchange reserves. Additionally, Kenya's National Assembly will now vet nominees for Central Bank of Kenya Deputy Governor after President William Ruto assented to the new Central Bank of Kenya (Amendment) Act, 2026, marking significant changes in financial governance.
