Hard truths. Bold Insights. Real talk.
Speaking during the release of the results of the Kenya Pipeline Company Limited (KPC) Initial Public Offer in Nairobi on Wednesday, Mbadi said the offer, which opened on January 19 and closed on February 24, 2026, received applications for 12.49 billion shares against the 1.8 billion shares on offer at Sh9 each.
The office of Controller of Budget Margaret Nyakang'o highlighted that the fund has been structured as a corporate entity rather than a public fund, creating risks for misuse.
The President announced that the National Infrastructure Fund and the Sovereign Wealth Fund will be fully established and operationalized in January 2026 to drive development while reducing reliance on borrowing and taxation.
The petition, lodged at the Constitutional and Human Rights Division in Milimani Law Courts, Nairobi, argues that the fund, announced via a State House statement on December 15, 2025, constitutes a national public fund that should only be created under the Constitution or through legislation. The fund, described by the government as central to a Sh5 trillion infrastructure agenda, is said to bypass required legal channels.
The Central Organization of Trade Unions (Kenya) said it fully supports the establishment of the National Infrastructure Fund (NIF) and the Sovereign Wealth Fund (SWF), describing them as critical tools for long-term development and the welfare of Kenyan workers.
According to a Cabinet dispatch issued on Monday, the two funds form part of a Sh5 trillion roadmap intended to transform Kenya into a first-world economy through an investment-led growth model anchored on domestic resource mobilisation and private capital.
Treasury CS John Mbadi says Kenya will set up a professional company to run the new National Infrastructure Fund, aiming to cut bureaucracy, attract private investors and unlock key roads, dams and energy projects.
Speaking during the launch of the Tsavo West Rhino Sanctuary in Ngulia, Taita Taveta County, on Tuesday, President Ruto said the fund is structured to attract significant private-sector participation—up to six times more than the government’s initial input.
President Ruto said the fund will pool resources from the national budget, the private sector, and proceeds from privatisation.