The Treasury Cabinet Secretary (CS) John Mbadi has appointed six members to the National Infrastructure Fund Board for a three-year term.
In a gazette notice dated July 8, Mbadi appointed James Mworia Mwirigi, Fahima Ali Ahmed Zein, Christopher Kibui Marunga, Latoya Ouna, Lawrence Kibet and Mohammed Abdirahman Hassan to the board.
“In exercise of the powers conferred by section 13 (1) of the National Infrustructure Fund Act, 2026. the Cabinet Secretary for the National Treasury appoints them to the board,” read part of the gazette notice.
According to the gazette notice, the appointments took effect on July 8, 2026.
CS Mbadi Names Six Members to National Infrastructure Fund Board
Among those appointed was James Mworia Mwirigi, the Managing Director and Chief Executive Officer of Centum Investment Company, alongside Lawrence Kibet, the Director General for Public Investments and Portfolio Management at the National Treasury.
Also named to the board was Christopher Kibui Maranga, the Africa Director at Acumen, an impact investment organisation, bringing more than 25 years of experience in building and financing early-stage ventures.
In April President William Ruto appointed Treasury Cabinet Secretary John Mbadi as council chair.
Ruto also appointed to the council Central Bank of Kenya (CBK) Governor Kamau Thugge and Attorney General Dorcas Oduor will act as statutory members.Â
Chairperson of Board of Directors of Fund for Export Development for Africa (FEDA) Benedict Oramah, Kenya Pipeline Company Limited Chairperson Faith Boinett, KCB Group PLC CEO Paul Russo and Liberty Holdings Limited Chairperson Richard Etemesi were named as independent members for three years.Â
Also Read:Â CS Mbadi Explains Why Govt Opted to Remain a Minority Shareholder in Safaricom
About National Infrastructure Fund
The National Infrastructure Fund was established to mobilise private sector capital for the financing of commercially viable infrastructure projects, reducing the government’s reliance on borrowing and taxation to fund major developments.
Under the framework, the newly appointed board will oversee the management and administration of the fund, including the recruitment of a Chief Executive Officer to spearhead its implementation and day-to-day operations.
Also Read:Â Ruto Appoints National Infrastructure Fund Governing Council
The fund is expected to attract private investment into key infrastructure projects through commercially sustainable financing models, with the government identifying it as a key vehicle for accelerating the delivery of strategic national projects.
According to the government, projects financed through the fund are expected to leverage private capital while easing pressure on public finances, with the expansion of the Jomo Kenyatta International Airport among the projects identified for financing under the new framework.
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