President William Ruto has moved swiftly to operationalize Kenya’s new National Infrastructure Fund, appointing Treasury Cabinet Secretary John Mbadi as the Chairperson of its Governing Council. The appointments, published in the Kenya Gazette on March 30, mark the start of a new chapter in mobilizing alternative funding for the country’s major infrastructure projects.
Highlights
- John Mbadi appointed Chair of the National Infrastructure Fund Governing Council.
- Council members include Prof. Benedict Okey Oramah, Faith Boinnet, Paul Russo, and Richard Etemesi.
- Statutory members: Central Bank Governor Kamau Thugge and Attorney-General Dorcas Agik Oduor.
- The Fund will attract private capital to finance transport, energy, digital, and other critical infrastructure projects.
- Appointments aim to align infrastructure financing with national economic planning.
Main Story
Mbadi at the Helm
In a bold step to strengthen Kenya’s infrastructure financing framework, President Ruto has named Treasury CS John Mbadi as the Chair of the newly formed National Infrastructure Fund Governing Council. The appointments were officially gazetted on March 30, 2026, and take effect immediately.
Who’s Steering the Fund
Alongside Mbadi, the council will include high-profile figures such as Prof. Benedict Okey Oramah, Faith Boinnet, Paul Russo, and Richard Etemesi. Statutory members, who bring legal and financial oversight, are Central Bank Governor Kamau Thugge and Attorney-General Dorcas Agik Oduor. The council’s mandate is to provide strategic direction and governance for the Fund, ensuring transparency and effectiveness in infrastructure investment.
The National Infrastructure Fund Explained
Established under the National Infrastructure Fund Act, 2026, the Fund is designed to mobilize resources beyond traditional government borrowing. It aims to attract private sector capital to support critical projects across sectors including transport, energy, and digital infrastructure. By leveraging alternative financing, the government hopes to accelerate development while maintaining fiscal sustainability.
Why This Matters
The creation of the Fund signals Kenya’s intention to modernize infrastructure financing. With Mbadi at the helm, the government is connecting national economic planning with investment in key projects, potentially transforming the way Kenya funds its long-term development priorities.
Read Also
- Tragedy at Talanta Stadium: Chinese Worker Found Dead on Site
- Hidden Sugars Lurking in Your “Healthy” Foods
- Megan Thee Stallion Rushed to Hospital Mid-Performance on Broadway
