The National Assembly of Kenya has approved the National Infrastructure Fund Bill, 2026, marking a major step toward transforming how the country finances large-scale development projects. Lawmakers passed the bill on Thursday, March 5, during its third reading, following its introduction by Majority Leader Kimani Ichung'wah.
Debate concluded with MPs voting by the traditional “yea or nay” method, with a majority endorsing the legislation. The bill will now be forwarded to President William Ruto for assent, the final step before it becomes law.
If enacted, the National Infrastructure Fund will spearhead a new era of investment-led infrastructure development in Kenya. The proposed fund is expected to mobilise close to Ksh5 trillion over the next ten years, significantly reducing the country’s reliance on debt to finance roads, energy projects, water systems, and other essential public infrastructure.
Proponents of the bill argue that establishing the fund will attract both domestic and foreign investors, create long-term financing stability, and accelerate national development. They say the shift from debt-heavy models to investment-backed strategies is crucial for cushioning the economy amid rising borrowing costs and fiscal pressures.
During deliberations, Majority Leader Ichung'wah emphasised that the fund would encourage public–private partnerships and provide a transparent mechanism for managing large investments.
The bill’s progression to the President signals strong political support for a new approach to funding Kenya’s development agenda. If signed into law, implementation mechanisms and governance structures for the fund are expected to be rolled out in the coming months.
Debate concluded with MPs voting by the traditional “yea or nay” method, with a majority endorsing the legislation. The bill will now be forwarded to President William Ruto for assent, the final step before it becomes law.
If enacted, the National Infrastructure Fund will spearhead a new era of investment-led infrastructure development in Kenya. The proposed fund is expected to mobilise close to Ksh5 trillion over the next ten years, significantly reducing the country’s reliance on debt to finance roads, energy projects, water systems, and other essential public infrastructure.
Proponents of the bill argue that establishing the fund will attract both domestic and foreign investors, create long-term financing stability, and accelerate national development. They say the shift from debt-heavy models to investment-backed strategies is crucial for cushioning the economy amid rising borrowing costs and fiscal pressures.
During deliberations, Majority Leader Ichung'wah emphasised that the fund would encourage public–private partnerships and provide a transparent mechanism for managing large investments.
The bill’s progression to the President signals strong political support for a new approach to funding Kenya’s development agenda. If signed into law, implementation mechanisms and governance structures for the fund are expected to be rolled out in the coming months.
