CS Mbadi Appoints 6 Members to National Infrastructure Fund Board
The appointees are largely from the corporate sector, with CS Mbadi announcing that they would immediately embark on their roles to manage the Fund...
✨ Key Highlights
Treasury Cabinet Secretary John Mbadi has appointed six members, including Lawrence Kibet and James Mworia, to the National Infrastructure Fund Board, signaling a significant step towards operationalizing the new fund.
- Key appointees include James Mworia, CEO of Centum Investment Company, and Lawrence Kibet, Director General at the National Treasury.
- The National Infrastructure Fund (NIF) was established to provide sustainable financing for large infrastructure projects, reducing reliance on borrowing.
- The fund's asset base has been strengthened by the transfer of government shareholding in the Kenya Pipeline Company, with plans to potentially add stakes in other profitable state-owned enterprises.
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Treasury Defends Economic Policies While Managing Major Infrastructure Projects - July 2026
National Treasury and Economic Planning Cabinet Secretary John Mbadi has defended the government's economic reform agenda, particularly the newly enacted Sovereign Wealth Fund, asserting it will secure Kenya's future. The National Treasury has defended its decision to scrap the original Nairobi-Nakuru-Mau Summit Highway contract, opting for a new toll-based model to improve fiscal sustainability. Treasury Cabinet Secretary John Mbadi has appointed six members, including Lawrence Kibet and James Mworia, to the National Infrastructure Fund Board, signaling a significant step towards operationalizing the new fund. A Kenyan constitutional lawyer, Levi Munyeri, has threatened legal action against the government, demanding public participation before the construction of the proposed Ksh2.59 trillion Dangote oil refinery in Lamu.
