Ruto signs Sovereign Wealth Fund Act into law

President William Ruto has signed Kenya's Sovereign Wealth Fund Act into law, establishing a framework for long-term national savings, strategic investments and stronger public financial management. The President said the new law will preserve the country's wealth and ensure proceeds from Kenya's natural resources benefit both current and future generations. Leaders who attended the signing ceremony backed the legislation and urged President Ruto to ignore critics, saying the Sovereign Wealth Fund will strengthen Kenya's long-term economic future. The fund comprises three components: the Stabilisation Fund, the Strategic Infrastructure Fund and the Urithi Fund for future generations.