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Treasury mulls infrastructure fund without supporting law
Treasury Cabinet Secretary John Mbadi. He has proposed the dissolution of the Prison Farms Revolving Fund, formed in 1993, and the Prisons Industries Revolving Fund, formed in 1988.
The government is considering setting up the National Infrastructure Fund without a law to back it, raising concerns about safety of hundreds of billions of shillings that the fund will manage.
The National Treasury says it is toying with the idea of either establishing the fund through a budgetary process or a Parliamentary legislation, and expects to have it in place by early 2026.
