Source: Africa Publicity
Kenyan President, William Ruto on Monday, March 9, 2026, signed into law a bill establishing the National Infrastructure Fund, a new financing vehicle the government says will mobilize more than KSh5 trillion to fund major development projects across Kenya.
Speaking during the signing ceremony at State House in Nairobi, the Kenyan president described the fund as the “most consequential initiative in the development history” of the country, saying it would transform how Kenya finances critical infrastructure.
“The fund marks a new chapter in financing our transformation, making us the architects of our own future,” Ruto said. “It will close the infrastructure financing gap and help us structure our priorities into investable instruments.”
The legislation — the National Infrastructure Fund Bill — creates a national vehicle designed to attract both domestic and international investment into large-scale infrastructure projects.
According to the president, the fund will finance a wide range of projects, including the generation of 10,000 megawatts of clean energy, construction of 50 mega dams, 200 micro-dams and more than 1,000 small dams, as well as the development of 2,500 kilometers of dual carriageways and 28,000 kilometers of roads.
Ruto also said the fund will provide financing to extend the Standard Gauge Railway from Naivasha to Malaba and Kisumu, a long-planned project intended to strengthen regional trade links.
The initiative will additionally support the expansion of Jomo Kenyatta International Airport, Kenya’s main international gateway.
The president said the fund would reduce risks for investors by creating a structured framework for infrastructure financing, shifting Kenya from simply encouraging investment to actively designing projects that meet investor standards.
“The Kenyan National Infrastructure Fund is not an experiment,” Ruto said. “It is a model that has succeeded in other jurisdictions.”
He added that the government views the initiative as a key step toward achieving Kenya’s ambition of becoming a first-world economy.
The bill was assented to at State House in the presence of business leaders and investors from Kenya, across Africa, and around the world. Ruto said the move fulfills a commitment made in his administration’s election manifesto.
