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Originally published by Nation Businessbusiness
July 9, 2026
3h ago
New law prohibits government from borrowing against future generation billions
The law prohibits the use of the Future Generations Fund from any form of advances, credits, and collateral by the government...
✨ Key Highlights
President William Ruto has officially signed the Sovereign Wealth Fund Bill, 2026 into law, establishing a dedicated fund for Kenya's mineral and petroleum riches.
- 30 percent of all mineral and petroleum revenues will be allocated to a Future Generations Fund.
- The fund aims to balance present-day infrastructure investment with long-term savings for future Kenyans.
- The legislation was hailed by President Ruto as the most consequential law passed by the 13th Parliament.
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