Cabinet approves national infrastructure and sovereign wealth funds to drive Kenya’s development

The cabinet has approved the establishment of a national infrastructure fund to be managed as a limited liability company. The cabinet also approved the formation of Kenya’s sovereign wealth fund in what could redefine the identification, planning and execution of national development projects. This is part of president William Ruto’s vision to actualize a 5 trillion shilling journey in what he has described as the transformation to a first world.