Lawmakers ring-fence 30 percent of Kenya’s planned sovereign wealth fund for future generations.
By
Edwin Mutai
Nation Media Group
Political Reporter
MPs have ring-fenced 30 percent of Kenya’s planned sovereign wealth fund (SWF) for future generations, triple the State's earlier proposed 10 percent, even as the country races to establish a national investment vehicle to manage windfalls from petroleum and mineral resources.
MPs are pushing for stricter oversight of the proposed Kenya Sovereign Wealth Fund to prevent unconstitutional withdrawals.
An investment fund manager is required to submit an annual report to the SWF Board not later than two months after the end of the…
President Ruto signs Sovereign Wealth Fund Bill, 2026 into law; bill seeks to shield fund from political misuse and public debt…
President William Ruto has signed into law the Sovereign Wealth Fund Bill, 2026.
Kenya Plans To Raise Nearly Sh1 Trillion By Securitising Future Levies, Sparking Debate Over Hidden Debt, Transparency And Fiscal…
According to the Income Tax Act, the rate of Withholding Tax on deemed dividends is five percent for residents and 15 percent for…
