Kenya National Sovereign Wealth Fund
Kenya National sovereign Wealth Fund bill is awaiting approval by the legislature.
In order to achieve sustainable use of natural resources, Kenya will soon export crude oil. Kenya has in place the Kenya Sovereign Wealth Fund Bill which is undergoing legal drafting before submission to parliament for approval.
- Creation of a Fund
- Framework to guide investment of revenues from Oil, gas and minerals;
- Build savings for future generations
- Stabilizing budgetary expenditures in the event of fluctuations in the price of the natural resources
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