President William Ruto has assented to the National Infrastructure Fund Bill (NIF), 2026, officially turning the legislation into law.

In an event held in the State House on Monday, March 9, 2026, President Ruto assented to the bill in a move that comes days after the National Assembly passed the bill.

The action comes after the bill was passed by the National Assembly last week, and this is a historic event in the developmental history of Kenya. According to a statement by the Parliament on Friday, March 6, 2026, the law creates the National Infrastructure Fund (NIF), an instrument of finance that seeks to mobilise almost KES 5 trillion in the next decade.

“Specifically, the bill aims to mobilise nearly Ksh5 trillion over the next decade to shift infrastructure financing from a debt-driven model to a sustainable, investment-led approach,” Parliament stated.

The Fund will see the infrastructure development model change to be not debt-based but an investment-based mode which will entice both governmental and non-governmental funds. It will fund strategic national projects in the transport, energy, water, digital connectivity, irrigation, and agribusiness infrastructure.

In passing the bill, the National Assembly had complained about the issue of control and executive interference, especially the position of the Treasury cabinet secretary.

National Assembly oversee the National Infrastructure Fund.

In turn, it was answered by making amendments to enhance transparency and governance. A high-level Governing Council will manage the Fund, consisting of the Cabinet Secretary to the National Treasury as the chairman, the Governor of the Central Bank of Kenya, the Attorney-General, and six non-public officers who are appointed and possess proven experience in finance and public policy.

Day-to-day operations will be conducted by an independent Board of Directors, where the members will be attracted to individuals with a minimum of ten years of experience in the fields of finance, law or engineering.

Parliament will also be at the centre stage, by which the fund will have its investment policy approved within 90 days, so as to be accountable.