The Kenya National Chamber of Commerce & Industry (KNCCI), represented by Stephen Osedo, Head of Policy, Research and Advocacy, accompanied by Ms Charity Wanjau, County and MSME Coordinator had the opportunity to appear before the National Assembly Finance and Planning Committee to present our memorandum on the National Infrastructure Fund Bill, 2025.

As the voice of business across all 47 counties, we expressed strong support for the establishment of the National Infrastructure Fund as a catalytic vehicle to accelerate strategic infrastructure and unlock private capital for national development.

In our submission, KNCCI highlighted the need to:
✔ Strengthen governance independence and private sector representation on the Board
✔ Ensure the Fund crowds in — not crowds out — private investment through clear leverage targets
✔ Introduce fiscal safeguards and transparency around government guarantees and contingent liabilities
✔ Reserve a seat for the private sector on the board
✔ Mandate open, competitive procurement processes that would give priority to local contractors
✔ Ring-fence funds strictly for capital investment and project preparation
✔ Enhance parliamentary oversight and performance accountability

Our general recommendation is clear: the Fund has the potential to transform Kenya’s infrastructure financing landscape — but it must be anchored on strong governance, fiscal discipline, transparency, and structured private sector participation to attract institutional investors and deliver measurable economic impact.

KNCCI remains committed to constructive policy engagement that strengthens investor confidence, protects public resources, and accelerates sustainable economic growth.