Treasury CS Mbadi Appoints Six Members to National Infrastructure Fund Board

Treasury Cabinet Secretary John Mbadi has appointed six individuals to the board of the National Infrastructure Fund.

The move published in a special Kenya Gazette notice on 8 July marks an important step toward full operationalisation of the fund. Appointments took effect immediately.

Those named include James Mworia Mwirigi, Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna, Lawrence Kibet and Mohammed Abdirahman Hassan.

Mworia currently serves as Managing Director and CEO of Centum Investment Company. He brings experience as a lawyer, accountant and business executive.

Kibet holds the position of Director General for Public Investments and Portfolio Management at the National Treasury.

The National Infrastructure Fund aims to mobilise domestic resources for large-scale projects. It seeks to reduce heavy dependence on external borrowing.

Earlier this year the government injected Ksh103.45 billion from the sale of a stake in the Kenya Pipeline Company as seed capital.

Additional funding is expected from the partial divestiture of government shares in a major telecommunications company. That transaction could bring in around Ksh244 billion.

Flagship initiatives likely to benefit include the Ksh154.2 billion first phase modernisation of Jomo Kenyatta International Airport.

The JKIA project will expand passenger capacity from 7.5 million to approximately 22 million annually. Groundworks have already started.

Another priority is the expansion of the Nairobi-Namanga Highway into a dual carriageway with tolling facilities.

The board appointments come months after President William Ruto signed the enabling legislation into law.

Experts view the fund as a structured mechanism to channel resources into strategic infrastructure. Its success will depend on effective governance and project selection.