Kenyan President William Ruto has signed the Sovereign Wealth Fund Bill 2026 into law, aiming to strengthen fiscal management, safeguard national wealth and support long-term economic growth.
The bill is set to help the country save surplus public resources, finance strategic investments, and cushion the economy against future financial shocks.
The new law also establishes a framework that reserves 30 percent of Kenya’s petroleum and mineral revenues for future generations.
It is expected to improve the country’s financial resilience while promoting prudent management of public resources.
What bill entails
The law sets aside 30% of natural resource revenues for future generations, creating a financial buffer to protect the economy from global crises, economic shocks and fluctuations in resource income, TRT Afrika reported.
The fund will become fully operational once it reaches KSh 200 billion (over $1.5 billion) and a board is appointed.
The new law also introduces strict transparency measures, including regular public reporting, audits by the Auditor-General, and tough penalties for anyone found guilty of misusing the funds.
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