National Assembly Passes Controversial National Infrastructure Fund Bill, 2026
The National Assembly has passed the National Infrastructure Fund Bill (National Assembly Bill No. 1 of 2026), which brings the legislation one step closer to becoming law.
The bill, proposed by Majority Leader Kimani Ichung’wah, received its third reading in the House before being voted on on Thursday, March 5.
Following deliberations, the Speaker called for the regular “yea or nay” vote, and a vast majority of members approved the bill.
The bill will now go to the President for assent, which is the final stage before it becomes law.
Members of the National Assembly have PASSED the National Infrastructure Fund Bill (National Assembly Bill No. 1 of 2026).#BungeLiveNA. https://t.co/7PvbSTKgGR pic.twitter.com/FxeWxplTCI
— Mzalendo (@MzalendoWatch) March 5, 2026
The NIF plans to raise over Ksh5 trillion over the next ten years, with the primary goal of shifting infrastructure funding from a debt-driven to an investment-led approach.
The measure went through the first reading, when it was introduced in the National Assembly, and then the Committee Stage.
It was then subjected to a thorough review, which included stakeholder engagements, public hearings, and submissions from organizations such as the Institute of Public Finance and the Institute of Certified Public Accountants of Kenya.
ALSO READ:
- EXPLAINER: KRA’s New 3-Step Filing Process For Kenyans; How It Works
- NYAMIRA: Teen Killed, Body Dumped In Tea Plantation As Police Launch Investigations
- Governor Orengo In Hot Soup As Siaya MCAs Threaten To Impeach Him
- “Protests Won’t Lower Fuel Prices!” – Ruto Tells Kenyans
- “Kenya Has Fuel Others Don’t!” – Ruto Claims While Defending Price Spike
It was later brought to a second reading, which included report tabling, and the Finance Committee supported the Bill.
The Fund aims to shift infrastructure financing away from significant public borrowing by bringing together private capital and other funding sources such as pension funds, collective investment schemes, sovereign wealth funds, and climate finance.
For taxpayers, the NIF represents a shift from direct government borrowing for infrastructure, with the model designed to ease pressure on public debt while still enabling funding of viable projects.
Legally structured as a body corporate, the Fund can own property, enter contracts and invest in projects, but is barred from borrowing or taking credit against its balance sheet.
National Assembly Passes Controversial National Infrastructure Fund Bill, 2026
