{"id":3813,"date":"2026-01-04T23:05:15","date_gmt":"2026-01-04T23:05:15","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/3813\/"},"modified":"2026-01-04T23:05:15","modified_gmt":"2026-01-04T23:05:15","slug":"kenyas-cabinet-approves-creation-of-infrastructure-sovereign-wealth-funds","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/3813\/","title":{"rendered":"Kenya’s cabinet approves creation of infrastructure, sovereign wealth funds"},"content":{"rendered":"

NAIROBI, Dec 15 (Reuters) – Kenya’s cabinet has approved the creation of an infrastructure<\/a> fund and a sovereign wealth fund to finance projects such as roads and power plants and ease pressure on public borrowing, it said on Monday.<\/p>\n

President William Ruto said in October the infrastructure fund would invest in key sectors without increasing public debt to levels that have strained public finances in recent years.<\/p>\n

Sign up here.<\/a><\/p>\n

“Both funds will be professionally and independently managed under clear governance, transparency and accountability frameworks,” the cabinet said in a statement.<\/p>\n

Alongside government funding, the funds will be open to investors including pension funds, sovereign partners, private equity firms and development finance institutions, it added.<\/p>\n

Kenya has one of the highest debt-service-to-revenue ratios in Africa after ramping up borrowing to build infrastructure over the past decade.<\/p>\n

Earlier this month, Finance Minister John Mbadi said proceeds from the government’s sale of a 15% stake<\/a> in telecoms firm Safaricom (SCOM.NR), opens new tab<\/a> would provide initial capital for the two funds.<\/p>\n

Another source of money will be a planned share sale in state-owned Kenya Pipeline Company, which manages petroleum transport infrastructure in Kenya and into neighbouring states.<\/p>\n

The funds will also be used to boost electricity generation. Kenya, which has 2,300 megawatts of installed capacity, needs at least 10,000 megawatts to industrialise, Ruto said in October.<\/p>\n

Reporting by Humphrey Malalo and Vincent Mumo Nzilani. Editing by George Obulutsa and Mark Potter<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"NAIROBI, Dec 15 (Reuters) – Kenya’s cabinet has approved the creation of an infrastructure fund and a sovereign…\n","protected":false},"author":2,"featured_media":3814,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[488,3150,1762,1783,698,710,703,712,707,701,709,700,715,495,1784,1788,1782,711,492,1585,1586,491,493,714,3151,3152,690,3153,3154,3164,80,1589,1405,1850,695,1766,1778,3155,3149,3148,3156,3157,3158,3159,3160,2835,2072,3161,3162,3163],"class_list":{"0":"post-3813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-kenya","8":"tag-afr","9":"tag-bisv","10":"tag-cmpny","11":"tag-destabn","12":"tag-destabx","13":"tag-destafn","14":"tag-destbnx","15":"tag-destd","16":"tag-destdnp","17":"tag-deste","18":"tag-destfun","19":"tag-destm","20":"tag-destozabsm","21":"tag-destozatpm","22":"tag-destpsc","23":"tag-destrbn","24":"tag-destrnp","25":"tag-destucdptest","26":"tag-eafr","27":"tag-eci","28":"tag-eco","29":"tag-emea","30":"tag-emrg","31":"tag-fin","32":"tag-fins","33":"tag-fund","34":"tag-gen","35":"tag-invbis","36":"tag-invm","37":"tag-ke","38":"tag-kenya","39":"tag-mce","40":"tag-mtpix","41":"tag-plcy","42":"tag-pol","43":"tag-publ","44":"tag-pxp","45":"tag-regs","46":"tag-repigovernance","47":"tag-rsbiregulatory-oversight","48":"tag-sov","49":"tag-tcom","50":"tag-tech","51":"tag-tel","52":"tag-tmt","53":"tag-topicenergy-transition","54":"tag-util","55":"tag-utlreg","56":"tag-wirlss","57":"tag-wles"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/3813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=3813"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/3813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/3814"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=3813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=3813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=3813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}