Major Shift in Kenya’s Infrastructure Financing: John Mbadi Unveils Team to Oversee KSh 5 Trillion Mega Fund
By News Desk
Treasury Cabinet Secretary has appointed six members to the Board of the National Infrastructure Fund, marking a significant milestone in the operationalisation of the KSh 5 trillion financing vehicle established to accelerate Kenya’s infrastructure development.
The newly appointed board comprises James Mworia Mwirigi, Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna, Lawrence Kibet and Mohammed Abdirahman Hassan. The members will serve three-year terms and will oversee the Fund’s governance and strategic direction.
The National Infrastructure Fund is designed to mobilise long-term financing for commercially viable infrastructure projects across key sectors, including transport, energy, water and irrigation. The initiative aims to reduce Kenya’s dependence on conventional public borrowing while attracting sustainable investment into transformative national development projects.
The appointments are expected to pave the way for the Fund’s full operationalisation, strengthening the government’s efforts to deliver modern infrastructure that supports economic growth, creates jobs and enhances the country’s competitiveness.
The establishment of the Board represents a key step towards implementing innovative financing solutions that will help bridge Kenya’s infrastructure financing gap and drive long-term economic development.
