The National Treasury has invited members of the public and key stakeholders to submit their views on the draft Kenya Sovereign Wealth Fund Bill, 2025, which seeks to create a legal framework for the prudent management of revenues from the country’s natural resources.
According to Treasury Cabinet Secretary John Mbadi, the Bill aims to promote openness, accountability, and responsible fiscal management, in line with Articles 201(a) and 232(1)(d) of the Constitution. The proposed legislation is part of ongoing efforts to ensure that Kenya maximizes the benefits of its mineral, petroleum, and other natural resource earnings.
The Treasury says it is working closely with various stakeholders to finalize the draft law, which will help the government save and invest resource revenues for the benefit of both current and future generations.
In a public notice, the ministry called on National and County Governments, Non-Governmental Organizations, Civil Societies, Professional Bodies, Private Sector players, religious groups, and other stakeholders to submit their memoranda on the Bill by November 7, 2025.
The draft Bill outlines three main objectives of the Sovereign Wealth Fund:
- Stabilization: To cushion the economy from fluctuations in resource revenues or macroeconomic shocks.
- Strategic Investment: To finance key infrastructure projects that drive inclusive growth and development.
- Savings for Future Generations: To build a financial reserve for when the country’s natural resources are depleted.
President William Ruto recently emphasized that the Sovereign Wealth Fund and the proposed Infrastructure Fund will help Kenya finance major investments while reducing reliance on debt.
This initiative marks a significant step toward strengthening fiscal resilience, promoting transparency in public finance, and safeguarding Kenya’s economic future.
