Key Details of the newly enacted Sovereign Wealth Fund Law in Kenya
The Sovereign Wealth Fund Act, 2026 (formerly the Sovereign Wealth Fund Bill, 2026) was signed into law by President William Ruto on July 8, 2026, at State House, Nairobi. This new law establishes the Kenya Sovereign Wealth Fund (KSWF) as a public fund owned by the National Treasury and held in trust for Kenyan citizens. Its main goals are to manage and invest revenues from natural resources (primarily petroleum and mining), promote long-term fiscal sustainability, cushion the economy against shocks, fund strategic infrastructure, and ensure intergenerational equity. Key Components of the Fund The Fund has three distinct components: Stabilisation Component — Cushions the national government and economy from revenue volatility, commodity price shocks, and extraordinary events (like pandemics, global supply disruptions or financial crises). It acts as a short-term buffer. 1. Strategic Infrastructure Investment Component — Finances key national and county development priority ...