New Bill locks Kenya's oil, mineral earnings from political use

President Ruto signs Sovereign Wealth Fund Bill, 2026 into law; bill seeks to shield fund from political misuse and public debt obligations.

mercoledì 8 luglio 2026 New tab

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President William Ruto signs the Sovereign Wealth Fund Bill, 2026, into law at State House, Nairobi, on Wednesday, July 8, 2026. [PCS]

Kenya now has a legal vehicle to save part of its oil, mineral and privatisation earnings, locking the money away from political misuse and shielding it from debt repayment.

This follows the signing of the Sovereign Wealth Fund Bill, 2026 into law by William Ruto on Wednesday, July 8.

National Assembly Speaker Moses Wetangula, Treasury CS John Mbadi were among officials who attended the ceremony at State House.

New Bill locks Kenya's oil, mineral earnings from political use

New Bill locks Kenya's oil, mineral earnings from political use

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