KillBait - News highlights delivered clearly and responsibly—no clickbait, no sensationalism
Kenya establishes sovereign wealth fund to manage resource revenues
Photo: Tuko.co.ke - Kenya news.
2026-07-09 08:40   Economy   13

Kenya establishes sovereign wealth fund to manage resource revenues

President William Ruto has signed the Sovereign Wealth Fund Bill 2026 into law, creating a national investment vehicle to preserve Kenya's natural resource revenues for future generations.

The legislation establishes three funds: Stabilisation Fund to guard against economic shocks, Strategic Investment Window for development projects, and Urithi Fund for future citizens.

Under the law, 30% of petroleum and mineral revenues will go directly into the Urithi Fund, while the remaining 70% will be split between stabilisation and strategic investments.This move addresses concerns about short-term consumption of extractive industry profits, ensuring long-term benefits for Kenyans.

The fund joins the National Infrastructure Fund as part of Kenya's economic transformation agenda, aligning with nations like Norway and Botswana in managing resource wealth sustainably.

Full reading at Tuko.co.ke - Kenya news.

2241 
Top Trends
Topics
Top visited