Ruto: National Infrastructure Fund has collected Ksh350B in past three months
By Mabonga Makhanu, July 11, 2026President William Ruto has announced that the National Infrastructure Fund (NIF) has raised Ksh350 billion in just three months since its rollout and launch.
Speaking during a funeral service in Igembe North, Meru County, on Saturday, July 11, 2026, the president praised the infrastructure fund, saying that the money collected will be used directly to finance key infrastructure projects across the country.
“NIF has collected Ksh350 billion in the past 3 months only,” Ruto announced.
Ruto noted that the fund will help address infrastructure gaps that have slowed the country’s development, particularly in the electricity sector.
He insisted that Kenya needs an additional 10,000 megawatts of electricity to meet the growing power demand and ensure a reliable electricity supply across all parts of the country.
The president further hailed the fund, saying it will also enable the government to undertake massive road infrastructure development, with more than 20,000 kilometres of roads expected to be constructed over the next seven years.
Sovereign wealth fund
The event featured several schoolchildren who stood alongside President Ruto during the signing to symbolise the Bill’s focus on safeguarding wealth for future generations.
The Sovereign Wealth Fund is designed to set aside a portion of proceeds generated from the sale and management of selected national assets to create long-term savings and investments that will benefit generations to come.
Felix Koskei, Head of the Public Service, described the enactment of the law as a major milestone in Kenya’s economic transformation agenda. He said the establishment of the Sovereign Wealth Fund marks another step towards the country’s ambition of attaining first-world economic status by ensuring that wealth generated today is preserved and invested for the benefit of future generations.
Dangote refinery
Through the fund, the state is also eyeing investments in the Aliko Dangote oil refinery at the coast as part of its plan to enhance petroleum refining capacity and strengthen the country’s energy sector.