![](\"https:\/\/www.europesays.com\/africa\/wp-content\/uploads\/2026\/03\/972c9eda-d3e7-4932-9eb6-2cfa35667f48.jpeg\")
Kiharu MP Ndindi Nyoro at Gakurwe comprehensive school on March 10, 2026\/ ALICE WAITHERA<\/p>\nKiharu MP Ndindi Nyoro at Gakurwe comprehensive school on March 10, 2026\/ ALICE WAITHERA<\/p>\n
MP Ndindi Nyoro has
\ncriticised the national government\u2019s decision to launch the National Infrastructure Fund, warning that the
\ninitiative will open the door for additional borrowing outside the official
\nnational budget.<\/p>\n
Speaking in Gakurwe, Kiharu
\nConstituency, Nyoro said the fund will allow the government to engage in what
\nhe described as \u201coff-the-books\u201d borrowing at a time when many Kenyans are
\nalready grappling with declining incomes and a high cost of living.<\/p>\n
The legislator argued that
\nKenya\u2019s borrowing levels have risen sharply in recent years, placing increasing
\npressure on the economy and future generations. <\/p>\n
According to him, the government is currently borrowing
\nabout Sh1.5 trillion annually, an amount he said translates to roughly Sh4
\nbillion every day.<\/p>\n
Nyoro questioned the rationale
\nbehind introducing a new financing structure when development projects can
\nstill be funded through the existing national budget and conventional financing
\nmechanisms.<\/p>\n
\u201cThe fund that was launched
\nyesterday is simply another way of borrowing money off the books,\u201d he said.<\/p>\n
The Sh5 trillion National Infrastructure
\nFund was launched by the government as a vehicle to mobilize financing for
\nmajor infrastructure projects including roads, airports and other large-scale
\ndevelopments. <\/p>\n
The fund is intended to attract private capital and
\ninternational investment, with the aim of expanding infrastructure financing
\nbeyond traditional budget allocations.<\/p>\n
The government has also compared
\nthe model to sovereign investment funds used in countries such as the United
\nArab Emirates, Australia and Singapore. <\/p>\n
These funds, often backed by strong national reserves, are
\nused to invest in strategic assets and generate long-term returns for future
\ngenerations.<\/p>\n
However, Nyoro argued that the
\ncomparison may not be appropriate in Kenya\u2019s case. According to him, such funds
\nare typically created by countries with surplus wealth that they invest
\nglobally, rather than as mechanisms for raising additional debt.<\/p>\n
He said Kenya risks creating a
\nstructure that ultimately increases borrowing while placing additional
\nfinancial obligations on taxpayers.<\/p>\n
\u201cThat is a contradiction.
\nThose countries created such funds after their economies had grown, to invest
\nfor the future. But the fund that was launched yesterday is meant to borrow
\nmore money outside the budget,\u201d he said.<\/p>\n
Nyoro warned that continued
\nheavy borrowing could undermine Kenya\u2019s long-term economic stability and saddle
\nfuture generations with a significant debt burden if not managed carefully.<\/p>\n
\u201cIt is not right for us to
\ncontinue burdening Kenyans today and also burden future generations,\u201d he said,
\nadding that the country should exercise caution in expanding its debt levels.<\/p>\n
The MP also compared the current
\nborrowing trends with those witnessed during the presidency of the late Mwai Kibaki, arguing that the pace of debt
\naccumulation has increased significantly in recent years.<\/p>\n
According to Nyoro, the former
\npresident borrowed approximately Sh1.2 trillion over his entire ten-year tenure
\nin office.<\/p>\n
Nyoro made the remarks during
\nthe launch of Mwai Kibaki Secondary School, a new institution constructed
\nthrough the Kiharu National Government Constituencies Development Fund
\n(NG-CDF).<\/p>\n
Nyoro said the institution was
\nnamed after the late president in recognition of his role in transforming
\nKenya\u2019s economy and expanding access to education.<\/p>\n
He credited Kibaki\u2019s
\nadministration with laying the groundwork for several major development
\ninitiatives, including the introduction of free primary education, expansion of
\nthe national road network and increased electrification across rural areas.<\/p>\n
Nyoro said such policies
\nhelped improve livelihoods and strengthened the country\u2019s economic foundation.<\/p>\n","protected":false},"excerpt":{"rendered":"Kiharu MP Ndindi Nyoro at Gakurwe comprehensive school on March 10, 2026\/ ALICE WAITHERA MP Ndindi Nyoro has
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