{"id":39094,"date":"2026-07-08T15:36:48","date_gmt":"2026-07-08T13:36:48","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39094"},"modified":"2026-07-08T15:36:48","modified_gmt":"2026-07-08T13:36:48","slug":"kenya-launches-sovereign-wealth-fund","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/kenya-launches-sovereign-wealth-fund\/","title":{"rendered":"Kenya launches Sovereign Wealth Fund"},"content":{"rendered":"<div>Kenya&#8217;s President William Ruto has signed into law legislation establishing the country&#8217;s Sovereign Wealth Fund.<\/div>\n<div>\nThe fund is designed to cushion the economy against financial shocks, finance strategic infrastructure projects, and preserve wealth for future generations once the country&#8217;s mineral and petroleum resources are depleted.<\/p>\n<p>The Sovereign Wealth Fund will manage Kenya&#8217;s surplus reserves and help strengthen long-term economic stability.<\/p><\/div>\n<div><\/div>\n<div>It will also provide funding for key development projects while safeguarding national savings.<\/div>\n<div><\/div>\n<div>Ruto\u00a0said the fund reflects Kenya&#8217;s commitment to financing sustainable development and ensuring the country&#8217;s natural resources benefit its citizens.<\/div>\n<div><\/div>\n<div>He stressed that minerals should support local value addition rather than simply being exported in raw form.<\/div>\n<div><\/div>\n<div>Ruto\u00a0said the Sovereign Wealth Fund belongs to the people of Kenya, not the government, and will be managed in line with the country&#8217;s Constitution and the rule of law.<\/div>\n<div><\/div>\n<div>&#8211;SABC&#8211;<\/div>\n","protected":false},"featured_media":33849,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-39094","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Ruto has signed into law country's Sovereign Wealth Fund","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39094\/revisions"}],"predecessor-version":[{"id":39095,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39094\/revisions\/39095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/33849"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=39094"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}