The President said the project reflected a shift from traditional infrastructure financing, where the government relies heavily on taxes and public borrowing, towards a model that brings private capital into commercially viable projects
By Chrispho OwuorSpeaking during an interview on September 17, 2026, Controller of Budget Margaret Nyakang’o listed the Social Health Insurance Fund, National Infrastructure Fund, Primary Healthcare Fund and Sovereign Wealth Fund among the funds that fall outside the Consolidated Fund.
By Bradley BosireBefore joining Centum, Omondi-Achola spent more than 13 years at Kenya Airways, holding senior positions including Chief Transformation Officer, Director of Strategy and Performance Management, Acting Chief Commercial Officer and General Manager of Jambojet
By Chrispho OwuorMworia was first appointed to the Fund’s inaugural board in July on a three-year term, kickstarting the process that has now culminated in his appointment to lead the establishment of NIF.
By David AbonyoProjects that are considered necessary but cannot generate enough revenue in the short or medium term will instead continue to depend on the Exchequer for financing.
By Maureen KinyanjuiAccording to Ruto, the government has strengthened the economy by stabilising the Kenyan shilling, increasing foreign exchange reserves to more than $15 billion, enough to cover 6.5 months of imports, while also lowering inflation and reducing the cost of borrowing.
By Bradley BosireThe President said Kenya must openly examine why many countries that once shared similar economic conditions have advanced faster despite starting from nearly the same point.
By David AbonyoRuto said the government had stabilised the Kenyan shilling, increased foreign exchange reserves to more than $15 billion, equivalent to 6.5 months of import cover, while also reducing inflation and lowering borrowing costs.
By Bradley BosireThe Treasury must file accounts certified by the Auditor-General within 30 days, or by August 24, detailing all money received since the fund became operational.
By Bradley BosireIn a public advertisement issued on July 13, 2026, the Treasury said the successful candidate will provide strategic, commercial, and operational leadership to the Fund, which is expected to mobilise domestic and international capital for large-scale infrastructure projects.
By Samuel OtienoSpeaking after attending a church service and fundraising at St Martin's ACK Church in Kitui Town, the President attributed the latest delay to funding challenges, saying the government had exhausted the money allocated to the project before securing additional financing.
By Maureen KinyanjuiThe clarification comes after days of public anxiety sparked by reports alleging that the government planned to tap into more than Sh1 trillion held in SACCO deposits to bankroll infrastructure projects through the proposed National Infrastructure Fund and infrastructure bonds.
By David Bogonko Nyokang'iThe President said the planned refinery will serve Kenya, Ethiopia, South Sudan, Uganda, Tanzania, Rwanda, Burundi and the Democratic Republic of Congo, adding that the project is expected to open up thousands of employment opportunities for Kenyan youth.
By Maureen KinyanjuiThe newly appointed board members are James Mworia Mwirigi, Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna, Lawrence Kibet and Mohammed Abdirahman Hassan.
By Maureen KinyanjuiSpeaking 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.
By David AbonyoSpeaking on Radio Generation on Tuesday, Mwinamo argued that SACCOs remain one of the few reliable financing options for small and medium-sized enterprises (SMEs), many of which struggle to access bank loans.
By David AbonyoMbadi said while Kenyans have a constitutional right to challenge government decisions in court, leaders should avoid making conclusive statements on matters that are still awaiting judicial determination.
By Maureen KinyanjuiKindiki noted that the legal framework required to operationalise the fund is already in place and that the government is finalising the remaining processes after securing the initial capital.
By Maureen KinyanjuiTreasury Cabinet Secretary John Mbadi said the allocation includes Sh7.5 billion for upgrading the national electricity grid, a project aimed at addressing transmission and distribution challenges that have emerged as more households and businesses are connected to the power network.
By Maureen KinyanjuiThe development is anchored on JKIA’s long-term master plan running up to 2045, which outlines phased expansion works, future capacity needs and investment priorities meant to reshape airport operations over the coming decades.
By Maureen KinyanjuiThe Deputy President further noted that long-standing barriers in access to national documentation had been removed, saying this had restored dignity to residents who had previously felt excluded.
By Chrispho OwuorThe committee, led by Nakuru Town East MP David Gikaria, argued that the changes had stripped the ministry of most of its development budget and raised fears over the future of workers and ongoing projects.
By Maureen KinyanjuiCS Mbadi told the committee that the shift is intended to ease pressure on the national budget and allow more self-reliant financing among state agencies involved in commercially viable projects.
By Maureen KinyanjuiThe allocation will be drawn from the National Infrastructure Fund and forms part of a broader financing structure for the airport overhaul, which is estimated to cost Sh193.7 billion. The amount set aside represents roughly 20 percent of the total project cost.
By Maureen KinyanjuiKindiki said the government is shifting from debt-driven financing to a model that leverages private capital to fund critical infrastructure projects.
By Bradley BosireAccording to Mbadi, governments across the continent are being forced to carefully juggle between funding development projects and managing strained budgets. He pointed to global financial conditions that have made borrowing “more expensive, less predictable and restrictive for developing economies,” adding further pressure on already stretched public finances.
By David AbonyoThe revocation effectively removes the company from the list of institutions previously under full national government control, clearing the way for its new ownership structure to take full effect.
By Maureen KinyanjuiThe strategy is anchored on the National Infrastructure Fund, which is intended to pool public and private capital for long-term projects. The Treasury noted that Kenya has sufficient financial resources locally but lacks structured coordination to fully channel them into PPP investments.
By Maureen KinyanjuiThe council, chaired by Treasury Cabinet Secretary John Mbadi, includes top state officials and private sector leaders tasked with mobilising private capital and overseeing commercially viable infrastructure projects under the new law.
By Chrispho OwuorWetang’ula underscored the transformative potential of the proposed Ksh 5 trillion fund, noting that it will unlock the country’s capacity to undertake large-scale infrastructure development.
By David Bogonko Nyokang'i