TREASURY SEEKS PUBLIC VIEWS

The National Treasury has called for public comment and other stakeholders on the draft Kenya Sovereign Wealth Fund Bill, 2025, to provide a legal framework for the management of Kenya's natural resource revenues in a responsible way.
In a press statement, Treasury Cabinet Secretary John Mbadi says the bill aims to enhance transparency and accountability of public finances as well as compliance with article 201(a) and 232(1)(d) of the Constitution.

Treasury says it is consulting different stakeholders in drafting the bill, which aims to ensure the nation saves and invests money realized from natural resources.
The ministry has called upon the National Government, County Governments, Non-governmental organizations, Civil Societies, Professional bodies, private sector players, religious bodies and other stakeholders to submit memoranda on the Bill not later than November 7, 2025.

In its bill, the Treasury further states the Sovereign Wealth Fund Bill will provide the national government with a buffer against volatility in resource revenues or unusual macro-economic shocks.

It also seeks to finance strategic priorities of infrastructure investment to build strong and inclusive growth and development. The fund is also meant to create a savings base in the future once minerals and petroleum resources are exhausted.

Earlier this month, President William Ruto announced that the Sovereign Wealth Fund and an Infrastructure Fund will raise investment in key sectors without triggering a new debt spiral that has strained public finances.