Ruto unveils national infrastructure and sovereign wealth funds to finance major projects

President Ruto has announced the intended establishment of the national infrastructure fund and the national sovereign wealth fund as the primary means to financing his four major national priorities that he estimates will cost 5 trillion shillings . The two funds the president says are meant to reduce reliance on foreign borrowing and prevent additional tax burden on citizens. He added that all revenue generated from privatization of state corporations will be chanelled into the infrastructure fund, which is expected to attract up to ten times more investment. The president says the sovereign wealth fund will secure a share of national resource earnings for future generations