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Ruto rules out new taxes, borrowing for major infrastructure projects
News

Ruto rules out new taxes, borrowing for major infrastructure projects

Speaking during the signing of the Sovereign Wealth Fund Act at State House,Nairobi on Wednesday, Ruto said the government would inject Sh20 billion from the National Infrastructure Fund (NIF) to attract the remaining investment from private financiers instead of relying on borrowing or increasing taxes.

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Ruto signs law, creating Kenya's first Sovereign Wealth Fund
News

Ruto signs law, creating Kenya's first Sovereign Wealth Fund

The new law creates a legal and institutional framework for the establishment, governance and management of the Sovereign Wealth Fund, fulfilling a commitment President Ruto made during his 2025 State of the Nation Address to establish a long-term national savings vehicle alongside the National Infrastructure Fund.

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