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Saturday, May 16
Economy
Kenya’s Cabinet approved the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund, key pillars of the nation’s KSh5 trillion roadmap to achieve first-world economy status. These funds aim to mobilize capital, reduce reliance on borrowing, and finance critical projects in food security, transport, and energy.
Former CS Moses Kuria warns that government infrastructure projects are insufficient to tackle the looming youth unemployment crisis, predicting a workforce surge from 1.1 million recent graduates.
President William Ruto announced ambitious plans for a new Thika-Museum Hill expressway, aiming to ease severe traffic congestion on the existing Thika Superhighway. This project, expected to begin in 2026, forms part of a broader national infrastructure agenda to enhance connectivity and economic activity across Kenya, potentially utilizing a Public-Private Partnership model.