President William Ruto has announced that he will appoint the governing council of the National Infrastructure Fund on Wednesday, February 11, 2026, in a move aimed at operationalising the fund and strengthening oversight of infrastructure financing.

Ruto, while speaking at ODM – UDA Joint Broad-based Parliament Group Meeting at the KICC on Tuesday, March 10, 2026, emphasised that strict accountability mechanisms will be put in place to safeguard public resources.

He said that the governing council appointed will then recruit the board to ensure transparency.

“I will be appointing the governing council tomorrow, then they will be the ones to competitively recruit the board because we want to inject transparency into that space,” Ruto said.

Accountability of the Funds

He said that many people have been asking whether the money will be accountable.

Ruto said the fund will operate under parliamentary oversight and will also be subject to scrutiny by the Office of the Auditor-General to ensure transparency in the management of the resources.

“Many people were asking whether the Infrastructure Funds will be accountable, and I want to tell you yes, it will be; it is going to be accounted by the parliament, it is going to be audited by auditor general, and it is going to engage with the cabinet,” Ruto said.

He maintained that the governance structure being put in place will ensure that public money is used strictly for productive national infrastructure projects and that no shilling will be lost.

“This framework will guarantee that no shilling is lost except in building productive national infrastructure for the country,” he added.

National Infrastructure Fund Bill (NIF)

President William Ruto, on Monday, March 9, 2026, assented to the National Infrastructure Fund Bill (NIF), 2026, officially turning the legislation into law days after the National Assembly passed the bill.

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 mobilize 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.