{"id":39115,"date":"2026-07-08T18:31:26","date_gmt":"2026-07-08T16:31:26","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=39115"},"modified":"2026-07-08T18:31:26","modified_gmt":"2026-07-08T16:31:26","slug":"kenya-launches-sovereign-wealth-fund-to-boost-long-term-stability","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/kenya-launches-sovereign-wealth-fund-to-boost-long-term-stability\/","title":{"rendered":"Kenya launches Sovereign Wealth Fund to boost long-term stability"},"content":{"rendered":"<p>Kenya\u2019s President William Ruto has signed into law legislation establishing the country\u2019s Sovereign Wealth Fund.<\/p>\n<p>The fund is designed to cushion the economy against financial shocks, finance strategic infrastructure projects, and preserve wealth for future generations once the country\u2019s mineral and petroleum resources are depleted.<\/p>\n<p>The Sovereign Wealth Fund will manage Kenya\u2019s surplus reserves and help strengthen long-term economic stability. It will also provide funding for key development projects while safeguarding national savings.<\/p>\n<p>Ruto said the fund reflects Kenya\u2019s commitment to financing sustainable development and ensuring the country\u2019s natural resources benefit its citizens.<\/p>\n<p>He stressed that minerals should support local value addition rather than simply being exported in raw form.<\/p>\n<p>Ruto said the Sovereign Wealth Fund belongs to the people of Kenya, not the government, and will be managed in line with the country\u2019s Constitution and the rule of law.<\/p>\n<p>&#8211;SABC&#8211;<\/p>\n","protected":false},"featured_media":33849,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-39115","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Ruto said the Sovereign Wealth Fund belongs to the people of Kenya.","published_date":"","news_description":"Ruto said the Sovereign Wealth Fund belongs to the people of Kenya.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39115","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\/39115\/revisions"}],"predecessor-version":[{"id":39116,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/39115\/revisions\/39116"}],"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=39115"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=39115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}