Members of Parliament are set to begin public participation on two major economic reform bills that could significantly influence Kenya’s financial future and how public resources are managed.
The exercise, led by the National Assembly of Kenya Departmental Committee on Finance and National Planning, will focus on the proposed Sovereign Wealth Fund Bill, 2026, and the Public Finance Management (Amendment) Bill, 2025. Lawmakers say the two bills are aimed at strengthening economic management, transparency, and long-term fiscal stability.
The Sovereign Wealth Fund Bill seeks to create a national savings fund where proceeds from natural resources such as oil, gas, and minerals can be invested for future benefit. If passed, the fund would include a stabilization fund to cushion the economy during crises, an infrastructure fund to finance development projects, and a future generations fund to preserve wealth for years to come.
At the same time, MPs are reviewing amendments to the Public Finance Management law to streamline how extra funds allocated to county governments are managed and utilized. The changes are expected to improve accountability and efficiency in county spending.
Finance Committee Chair Kuria Kimani described the bills as critical in securing Kenya’s economic future.
Kenyans and stakeholders have been invited to submit their views at Bunge Tower, as Parliament seeks public input before tabling final reports for debate and possible approval.
The exercise, led by the National Assembly of Kenya Departmental Committee on Finance and National Planning, will focus on the proposed Sovereign Wealth Fund Bill, 2026, and the Public Finance Management (Amendment) Bill, 2025. Lawmakers say the two bills are aimed at strengthening economic management, transparency, and long-term fiscal stability.
The Sovereign Wealth Fund Bill seeks to create a national savings fund where proceeds from natural resources such as oil, gas, and minerals can be invested for future benefit. If passed, the fund would include a stabilization fund to cushion the economy during crises, an infrastructure fund to finance development projects, and a future generations fund to preserve wealth for years to come.
At the same time, MPs are reviewing amendments to the Public Finance Management law to streamline how extra funds allocated to county governments are managed and utilized. The changes are expected to improve accountability and efficiency in county spending.
Finance Committee Chair Kuria Kimani described the bills as critical in securing Kenya’s economic future.
Kenyans and stakeholders have been invited to submit their views at Bunge Tower, as Parliament seeks public input before tabling final reports for debate and possible approval.
