The National Infrastructure Fund (NIF) eyes about Sh42 billion in annual income from government securities as it seeks to create a steady financing pool for mega strategic infrastructure projects while preserving the seed capital.
The NIF seed capital presently stands at Sh310.3 billion, drawn from the Sh106.3 billion generated by the State’s partial divestiture from Kenya Pipeline Company (KPC) and the Sh204 billion from the sale of a 15 percent stake in Safaricom to South Africa’s Vodacom Group.
