Lilian Nyiva
National Treasury and Economic Planning Cabinet Secretary John Mbadi has appointed six members to the Board of the National Infrastructure Fund, marking a key step in operationalising the fund established under Kenya's Sovereign Wealth Fund framework.
The appointments were announced through a gazette notice, with the newly selected members expected to serve on the board for a three-year term, unless otherwise specified by law.
The National Infrastructure Fund is one of the three funds created under the Sovereign Wealth Fund Act. Its primary role is to mobilise and manage financial resources for the development of strategic national infrastructure projects, including transport, energy, water and other critical public investments.
The board is expected to provide oversight, governance and strategic direction for the fund, ensuring that investments are managed prudently and in accordance with the law.
Role of the National Infrastructure Fund
The National Infrastructure Fund is designed to:
Finance critical national infrastructure projects.
Support long-term economic growth.
Attract both public and private investment into infrastructure development.
Ensure sustainable management of infrastructure financing.
The establishment of the board is considered an important milestone in making the fund fully operational following the enactment of the Sovereign Wealth Fund legislation.
Government's Infrastructure Agenda
The appointments come as the government continues to prioritise infrastructure development as part of its broader economic transformation agenda. Through the National Infrastructure Fund, the government aims to enhance financing for major development projects while promoting transparency, accountability and efficient management of public resources.
