Nairobi, March 9- President William Ruto has signed the National Infrastructure Fund Bill 2026 into law, creating a new fund aimed at financing major development projects across the country. The signing took place at State House in Nairobi, just days after the bill was approved by the National Assembly.
The new law establishes the National Infrastructure Fund (NIF), which is expected to raise about Sh5 trillion over the next ten years to support large-scale infrastructure projects. These projects include the construction and improvement of roads, railways, ports, and other key facilities that support economic growth.
The fund is part of the government’s plan to move away from relying heavily on borrowing to finance development. Instead, the government intends to attract investments and use alternative financing methods to support infrastructure development.
According to the government, about Sh2.5 trillion is expected to be raised in the early stages of the fund, while the remaining amount will be mobilised gradually over the next decade. The initiative is meant to ensure sustainable financing for national development projects.
Officials say the new fund will play a key role in accelerating infrastructure growth while strengthening Kenya’s long-term economic development plans.
