By Joshua Otieno | March 9, 2026
President William Ruto has assented to the National Infrastructure Fund Act, a landmark initiative aimed at financing large-scale infrastructure projects across the country.
The signing ceremony took place at State House Nairobi in the presence of captains of industry from Kenya, Africa and other parts of the world.
According to the President, the fund represents one of the most significant initiatives in Kenya’s development history and is expected to transform how major national projects are financed.
“The establishment of the National Infrastructure Fund is the most consequential initiative in the development history of our nation,” President Ruto said.
The Head of State noted that the fund will help close the country’s infrastructure financing gap by mobilizing more than KSh5 trillion to support strategic projects.
“These resources will enable the production of 10,000 megawatts of clean energy, the construction of 50 mega dams, 200 micro-dams, and more than 1,000 small dams, as well as 2,500 kilometres of dual carriageways and 28,000 kilometres of roads,” he said.
The President added that the fund will also support the extension of the Standard Gauge Railway from Naivasha to Malaba and Kisumu, as well as the expansion of Jomo Kenyatta International Airport.
Ruto explained that the fund will help the government structure infrastructure priorities into investable instruments while creating a framework that attracts both local and international investors.
“It will de-risk our economy by providing a framework that attracts investors rather than merely encouraging them to invest,” he said.
The President noted that similar infrastructure financing models have been successfully implemented in other countries, adding that the new fund positions Kenya closer to achieving its ambition of becoming a first-world economy.
“With this initiative, our journey to attaining first-world economy status is within reach,” he said, noting that the signing fulfills a key pledge made in the government’s election manifesto.
