President William Ruto is banking on two sovereign funds to deliver Sh5 trillion worth of projects over the next 10 years, highlighting the government’s resolve to shift from funding infrastructure projects using debt.
During an address to Parliament on Thursday, the President stated that funding for projects in the transport, energy, agriculture and education sectors, would be sourced from the Sovereign Wealth Fund (SWF) and the National Infrastructure Fund (NIF), rather than borrowing or relying on taxes.
