President William Ruto has assented to the Sovereign Wealth Fund Bill, making it part of Kenya’s legal structure.
The head of state assented to the bill at the State House, Nairobi, on Wednesday, July 8, 2026.
“Signed into law the Sovereign Wealth Fund Bill, 2026, establishing a national investment vehicle aimed at preserving wealth generated from Kenya’s natural resources and strategic investments for future generations,” Ruto said after signing the bill.
“The new law is a historic milestone that will ensure the country’s prosperity endures beyond the current generation.”
Watertight mechanisms
According to the president, with this consequential law, Kenya has put in place watertight mechanisms that will ensure the resources attained from strategic assets and natural resources endure for generations.
“The Sovereign Wealth Fund serves as a guarantee that revenues from petroleum and other valuable mineral resources are not entirely consumed by the present generation but are invested to benefit our children and the children of our children,” he added.
Three key windows
Under the fund, the legislation establishes three key windows: the Stabilization Fund will cushion the economy against external shocks, the Strategic Investment Window will finance national development projects and create jobs, while the Future Generations pillar – Urithi Fund – will invest a portion of petroleum and mineral revenues for future citizens.
“Under the law, 30 per cent of revenues from petroleum and mineral resources will be channelled into the Urithi Fund, with the remainder supporting economic stability and strategic investments,” the president’s statement added.
“The Sovereign Wealth Fund becomes the second major financial institution created under the government’s economic transformation agenda after the establishment of the National Infrastructure Fund in March 2026. This fund is designed to mobilize private capital for development projects.”
