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Ruto's 'Singapore' beckons as Cabinet approves proposed Funds

President William Ruto (C) and members of his Cabinet at State House, Nairobi on December 15, 2025. [PCS]

The Cabinet has approved the Sh5 trillion National Infrastructure Fund and the Sovereign Wealth Fund, paving the way for President William Ruto's dream of a first-world economy status for Kenya.

A communication released following the Monday meeting states that the National Infrastructure Fund will be managed by a board and CEO, while the Sovereign Wealth Fund operates under a yet-to-be-established policy framework.

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