Mbadi to MPs: These are the projects fit for Sh340bn infrastructure fund CS says the National Infrastructure Fund Investment Policy 2026 sets out strict investment procedures. News Just now

He said the policy seeks to provide mechanisms for using the Sh340 billion National Infrastructure Fund to finance projects in key areas where capital will be preserved, investments must generate income, and projects must be capable of attracting private capital.

The NIF, which currently holds Sh340 billion from the proceeds of the sale of the government's 15 per cent shareholding in Safaricom Limited and 65 per cent stake in Kenya Pipeline Company, will provide seed capital for financing infrastructure outside the national budget.

He said at least 60 per cent of a project’s capital structure is expected to come from debt, creating an additional commercial test because lenders will only provide non-recourse financing to projects capable of generating adequate returns.