The government has taken a significant step toward transforming its development agenda with the establishment of the National Infrastructure Fund, a financing framework designed to close the country’s infrastructure funding gap and accelerate economic growth.

The fund aims to mobilize more than KSh5 trillion to support strategic national projects. These include the generation of 10,000 megawatts of clean energy, the construction of 50 mega dams, 200 micro-dams, and more than 1,000 small dams, as well as the development of 2,500 kilometres of dual carriageways and 28,000 kilometres of roads across the country.

Beyond roads and water infrastructure, the initiative will also finance major transport upgrades such as the extension of the Standard Gauge Railway from Naivasha to Malaba and Kisumu, alongside the expansion of Jomo Kenyatta International Airport to support Kenya’s growing role as a regional aviation hub.

The fund is designed to package national priorities into bankable investment opportunities, providing a structured platform that attracts both local and international investors while reducing risks associated with large infrastructure projects.

Rather than relying solely on traditional borrowing, the National Infrastructure Fund introduces a model used successfully in other countries to mobilize capital for development.