Ruto Signs Sovereign Wealth Fund Bill Into Law, Securing Kenya’s Wealth for Future Generations

President William Ruto has signed the Sovereign Wealth Fund Bill, 2026, into law, establishing a national investment vehicle aimed at preserving wealth generated from Kenya’s natural resources and strategic investments for future generations.

The new law creates a framework for the country to invest revenues from petroleum, minerals and other strategic assets rather than relying solely on current spending, with the government describing it as a major step toward securing long-term national prosperity.

President Ruto said the Sovereign Wealth Fund will ensure that resources generated today continue benefiting future Kenyans, including children and generations yet to come.

“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 said.

The legislation establishes three key windows under the fund: the Stabilisation Fund, the Strategic Investment Window and the Future Generations pillar, known as the Urithi Fund.

The Stabilisation Fund will be used to cushion the economy against external shocks, while the Strategic Investment Window will finance priority national development projects and support job creation.

The Urithi Fund will receive a share of petroleum and mineral revenues for long-term investment on behalf of future citizens. Under the new law, 30 per cent of revenues from petroleum and mineral resources will be channelled into the Urithi Fund, while the remaining amount will support economic stability and strategic investments.

The government says the law introduces mechanisms intended to safeguard income from strategic assets and natural resources, ensuring the country’s wealth is managed sustainably.

The Sovereign Wealth Fund is the second major financial institution created under the government’s economic transformation agenda after the establishment of the National Infrastructure Fund in March 2026.

The National Infrastructure Fund is expected to mobilise private capital for development projects, while the Sovereign Wealth Fund will focus on protecting and growing national wealth from natural resources and strategic investments.