Kenya's president is about to greenlight a massive infrastructure fund that's supposed to pull in 5 trillion shillings for big development projects, and he's framing it as the official start of turning the country into a first-world economy. William Ruto told a church crowd that the cabinet will approve the National Infrastructure Fund, which is meant to finance roads, factories, and other stuff without piling on more government debt by tapping private sector cash instead.
Ruto name-dropped Singapore, South Korea, and Malaysia as examples of countries that figured it out, and he said Kenya is way behind schedule on eliminating poverty. He pushed back against anyone saying he's just chasing votes for the next election, claiming he already got elected once and that's enough motivation to actually deliver results.
The cabinet is also expected to work on a Sovereign Wealth Fund policy as another way to strengthen the economy and pay for future projects without borrowing everything.
Ruto name-dropped Singapore, South Korea, and Malaysia as examples of countries that figured it out, and he said Kenya is way behind schedule on eliminating poverty. He pushed back against anyone saying he's just chasing votes for the next election, claiming he already got elected once and that's enough motivation to actually deliver results.
The cabinet is also expected to work on a Sovereign Wealth Fund policy as another way to strengthen the economy and pay for future projects without borrowing everything.
