Kenya Races to First-World Economy With Approval of National Infrastructure Fund and Sovereign Wealth Fund

Kenya Races to First-World Economy With Approval of National Infrastructure Fund and Sovereign Wealth Fund

Nairobi -- Kenya's ambitious Sh5 trillion roadmap to transform the country into a first-world economy took a major step forward on Monday after the Cabinet approved the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund, two flagship vehicles set to anchor long-term economic transformation.

Atwoli blasts ‘stupid’ and ‘primitive’ critics of National Infrastructure Fund

NAIROBI,Kenya, Dec 17—Central Organisation of Trade Unions (COTU) Secretary-General Francis Atwoli has launched a scathing attack on opponents of the proposed National Infrastructure Fund, accusing them of sabotaging a critical national intervention Kenya urgently needs to prevent avoidable road tragedies. Speaking in the wake of the death of former Lugari MP and veteran politician Cyrus Jirongo, Atwoli said resistance to the Fund was not only m…

The Kenya’s Infrastructure and Sovereign Fund: Where Will the KSh 5 Trillion Come From?

By Murugi Ndai The Cabinet’s approval of Kenya’s Infrastructure Fund Policy and Sovereign Wealth Fund Policy has sparked both excitement and scepticism. Central to the debate is a striking figure: Ksh.5 trillion. For many Kenyans, the immediate question is obvious—where will the government get this money, especially at a time of fiscal pressure and high … The post The Kenya’s Infrastructure and Sovereign Fund: Where Will the KSh 5 Trillion Come …

COTU Backs Sh5 Trillion National Infrastructure Fund

The Central Organization of Trade Unions (COTU) has welcomed the government’s decision to establish a Sh5 trillion National Infrastructure Fund, saying it will help transform Kenya’s economy and improve workers’ welfare. In a statement issued on Tuesday, COTU Secretary General Francis Atwoli said Kenya has delayed key reforms needed to build a modern, competitive and dignified society. He said the new fund is a bold step in the right direction. …

Ruto to Make Kenya's Sh5 Trillion Infrastructure Fund a Limited Company

Kenya’s Cabinet now says the Sh5 trillion National Infrastructure Fund will be set up as a limited liability company. This raises big questions about ownership and whether it will be fully state-owned or include private investors. Source

Cabinet okays Sh5 trillion National Infrastructure Fund

The Cabinet approved two funds to steer economic transformation of the country