US EditionKenya: Govt Moves to Establish Infrastructure, Sovereign Wealth Funds Secure Stability
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4 Articles
Kenya: Govt Moves to Establish Infrastructure, Sovereign Wealth Funds Secure Stability
Nairobi -- President William Ruto says the government is establishing two new funds -- an Infrastructure Fund and a Sovereign Wealth Fund -- aimed at securing Kenya's long-term economic stability and promoting prudent investment of public resources.
Kenya is preparing the creation of two strategic funds to boost its economic development, said President William Ruto. In order to avoid the excessive accumulation of debt that has weighed on public finances in recent years, Nairobi is setting up a sovereign wealth fund and a fund dedicated to infrastructure. At a meeting held on Sunday 5...
Govt moves to establish Infrastructure, Sovereign Wealth Funds secure stability
NAIROBI, Kenya, Oct 5 — President William Ruto says the government is establishing two new funds — an Infrastructure Fund and a Sovereign Wealth Fund — aimed at securing Kenya’s long-term economic stability and promoting prudent investment of public resources. Speaking in Vihiga County on Sunday, Ruto said the initiative is anchored on ensuring a stronger economic future for the country. “We are in the process of setting up two important funds —…
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