President William Ruto has assent to the National Infrastructure Fund Bill, marking a significant milestone in strengthening Kenya’s capacity to finance strategic national development.
Speaking in statehouse Ruto said the fund marks a new chapter in financing Kenya’s transformation, making Kenyans the architects of their future.
The law seeks to establish the National Infrastructure Fund (NIF), which is expected to mobilise resources for key projects across sectors including transport, energy, water, irrigation and digital connectivity.
It will close the infrastructure financing gap by raising over Ksh5 trillion to fund key projects, including the production of 10,000 megawatts of clean energy, 50 mega dams, 200 micro-dams and more than 1,000 small dams, 2,500km of dual carriageways, and 28,000km of roads.
Ruto said the country will have the necessary financing for extending the Standard Gauge Railway from Naivasha to Malaba and Kisumu and expanding Jomo Kenyatta International Airport, among many others.
ALSO READ:
Bandari DT SACCO posts higher profit as assets and lending grow in 2025
The fund will help structure government priorities, and package them into investable instruments. “It will also de-risk economy by providing a framework that attracts investors rather than merely encourage them to invest,” he said.
The Fund will help reduce reliance on public borrowing while mobilizing sustainable, long-term financing for national development, complementing the role of the Sovereign Wealth Fund.
The Bill aims to mobilize nearly Ksh 5 trillion over the next decade to shift infrastructure financing from a debt-driven model to a sustainable, investment-led approach.
By Obegi Malack
Get more stories from our website: Sacco Review.
For comments and clarifications, write to: Saccoreview@
Kindly follow us via our social media pages on Facebook: Sacco Review Newspaper for timely updates
Stay ahead of the pack! Grab the latest Sacco Review newspaper!
