President William Ruto has secured support from the International Finance Corporation (IFC) for Kenya’s proposed National Infrastructure Fund, aimed at shifting the country towards innovative, non-debt development financing.
The President shared this update on Thursday, 4th December 2025, while in Washington, D.C., where he met with the IFC Managing Director, Makhtar Diop.
What IFC Means for Kenyans
In his statement, Ruto said, “Our innovative approach to development financing, including the establishment of an Infrastructure Fund, is drawing strong interest from partners. This model will accelerate the realization of our national development goals. Held talks with the Managing Director of the International Finance Corporation, Makhtar Diop, Washington, D.C, in the United States.”
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This endorsement marks a significant milestone for the President, who has been championing the fund since early October, when he first announced that Kenya would create a National Infrastructure Fund (NIF) and a Sovereign Wealth Fund to support long-term growth.
The President has repeatedly argued that Kenya must break free from a model dependent on foreign loans.
In late November, President Ruto announced the establishment of the National Infrastructure Fund (NIF), a bold financing vehicle designed to mobilize Sh5 trillion for priority national projects.
“This is why we will establish the National Infrastructure Fund, whose architecture will be underpinned by the reforms in the Government-Owned Enterprises Bill, passed by this August House,” said President Ruto while addressing the National Assembly.
President Ruto explained that the NIF would mobilize up to Ksh 5 trillion through privatization proceeds, capital markets, public-private partnerships (PPPs), and the national budget.
In addition, the Fund is expected to finance major projects, including energy and infrastructure investment, especially the modernization of Jomo Kenyatta International Airport, under the Public-Private Partnership model.
IFC Delegation Expected in Early 2026
Following the Washington meeting, President William announced that an IFC delegation led by Vice President for Industries Mohamed Gouled is expected in Kenya early next year.
During the Gouled-led visit, the discussions will prioritize investment in the energy and infrastructure, especially the modernization of Jomo Kenyatta International Airport (JKIA) under the Public Private Partnership model (PPP).
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President Ruto’s visits to the States
On Tuesday, December 2, 2025, US President Donald Trump invited President Ruto to a High-Profile Meeting in Washington, D.C, to join President Paul Kagame and President Félix Tshisekedi in witnessing the official signing of the DRC-Rwanda Peace Agreement, the most significant in addressing decades of conflict in Eastern DRC.
During the visit, President Ruto will also hold a series of high-level engagements to strengthen Kenya-U.S. cooperation in trade, investment, health, and security.
He is also expected to witness the signing of the Kenya – U.S Health Cooperation Framework, which will transition the long-standing 25-year partnership into a sustainable, government-led model designed to support Universal Health Coverage and build a self-reliant health system by 2030.
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