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Ruto Assents to National Infrastructure Fund Bill, Pledges KSh5 Trillion Push for Kenya’s Transformation, Retirement benefits Act signed

By Ahmed Salat Ali AARAN TV KE 

President William Samoei Ruto has assented to the National Infrastructure Fund Bill, describing it as one of the most consequential initiatives in Kenya’s development history.

Speaking at State House Nairobi during the signing ceremony attended by captains of industry from Kenya, across Africa and around the world, the President said the fund ushers in a new era of financing the country’s transformation.

The National Infrastructure Fund is expected to mobilise more than KSh5 trillion to bridge Kenya’s infrastructure financing gap and accelerate key national projects. Among the flagship investments are the production of 10,000 megawatts of clean energy, construction of 50 mega dams, 200 micro-dams, and over 1,000 small dams to strengthen water security.

The programme will also finance the construction of 2,500 kilometres of dual carriageways and 28,000 kilometres of roads across the country, significantly improving connectivity and supporting economic growth.

The fund will further provide financing for the extension of the Standard Gauge Railway from Naivasha to Malaba and Kisumu, as well as the expansion of Jomo Kenyatta International Airport, among other strategic projects.

President Ruto said the fund will help the government organise national priorities and package them into viable investment instruments capable of attracting global investors.

“This framework will not merely encourage investment but will actively attract it by reducing risks in the economy,” the President noted, adding that the model has proven successful in several jurisdictions around the world.

He said the initiative fulfils a key pledge made in the government’s manifesto and places Kenya firmly on the path toward achieving first-world economic status.

Ruto Signs Judges’ Retirement Benefits Law

In a separate development, President Ruto also assented to the Judges’ Retirement Benefits Bill, now law, in a move aimed at strengthening the independence of the Judiciary.

The Judges’ Retirement Benefits Act establishes a Judges’ Retirement Benefits Fund for judges appointed after the commencement of the law. Under the new framework, judges will contribute 7.5 per cent of their basic salary, while the Government will contribute 15 per cent toward the fund.

The legislation also introduces additional benefits for judges, including medical cover, diplomatic passports and access to government airport lounges, recognising the demanding nature of judicial service.

According to the President, the new law reinforces judicial independence by guaranteeing retirement benefits and safeguarding the security of tenure for members of the Bench.

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