The 2019 Sovereign Wealth Fund (SWF) Bill 2019, which was recently published by the Treasury, seeks to establish a Fund to receive, invest and disburse revenues (profits, royalties, fees ) from the two extractive resources, namely, petroleum (oil and gas) and minerals.
Resource generation and collection are governed by the Petroleum Act 2019 and the Mining Act 2014 both of which are stewarded by the Ministry of Petroleum and Mining. A Holding Account maintained by the SWF at the Central Bank of Kenya shall receive the resource revenues.
