×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Why State is banking on oil, minerals fund to pay debts

Trucks of the first crude oil consignment from Lokichar,Turkana arrives at the Mombasa's Changamwe KPRL storage facility in Mombasa County on June 7, 2018. [File, Standard]

Kenya plans to establish a fund to manage proceeds from its nascent petroleum and mining industries.

In a new Bill, the National Treasury has proposed setting up the Sovereign Wealth Fund (SWF) that will be split into three components, with the key one saving earnings from the two sectors for Kenya’s future generations.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902