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Originally published by Capital Newstop
July 11, 2026
3h ago
CS Mbadi Defends National Infrastructure Fund Appointments, Says Selection Was Merit-Based
The Treasury CS described the National Infrastructure Fund as a transformative initiative that will play a critical role in financing Kenya's long-term infrastructure and economic development projects...
✨ Key Highlights
Treasury Cabinet Secretary John Mbadi defended recent appointments to the National Infrastructure Fund (NIF) board, asserting the selection was strictly merit-based and not influenced by tribal or regional bias.
- Mbadi stated that 15 candidates were interviewed and ranked by an independent panel comprising senior professionals from banking, legal, and public sectors.
- The National Treasury CS highlighted the NIF as a "transformative initiative" crucial for financing Kenya's long-term infrastructure and economic development.
- He specifically defended the appointment of a candidate from Siaya County based on her professional qualifications in investment banking and asset management, not her origin.
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