Mbadi says Ruto’s economic policies will secure Kenya’s future
National Treasury and Economic Planning Cabinet Secretary John Mbadi has defended the government’s economic reform agenda. The CS says the newly enacted Sovereign Wealth Fund, for instance, would bolster Kenya’s long-term economic stability, despite critics arguing the countr..
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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 Sovereign Wealth Fund Bill has been signed into law by President William Ruto.
- Mbadi stated that delaying the fund's establishment would postpone economic transformation, drawing comparisons to successful international models.
- He also addressed his shift in political affiliation, explaining similarities between Kenya Kwanza and Azimio Coalition manifestos regarding economic reforms.
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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.
