Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Missing pillar in Kenya’s sovereign wealth fund
The Director General, Public Investments and Portfolio Management Lawrence Kibet when he appeared before the National Assembly Departmental Committee on Finance and National Planning, chaired by Molo MP Kimani Francis Kuria, at the Bunge Tower, Nairobi on April 22, 2026, to engage on the Sovereign Wealth Fund Bill and the Public Finance Management Bill.
Last week's ceremony at State House had all the trappings of a historic moment. President William Ruto signed the Sovereign Wealth Fund Act, 2026 into law, flanked by the Deputy President, the Treasury Cabinet Secretary, the Speakers of both Houses and a parade of bank chief executives.
One of the ceremony's most striking moments was the presence of schoolchildren in uniform, brought on stage to symbolise the Act's promise that the new fund is intended to serve future generations.
