PS Omollo: New law to safeguard Kenya's resource wealth
Kenya has enacted the Sovereign Wealth Fund Act to manage revenue from natural resources for current and future generations. The law establishes funds for stabilization, infrastructure, and future generations.
Why it matters
This legislative move represents a significant shift in how Kenya manages its petroleum and mineral wealth to ensure long-term economic stability.
Internal Security Principal Secretary Raymond Omollo says the recently enacted Sovereign Wealth Fund Act will secure Kenya's natural resource wealth for current and future generations. Speaking on Saturday during a Women Empowerment Forum in Gem, Siaya County, Omollo said the law creates a mechanism to manage revenue from natural resources, ensuring both current and future generations benefit from their exploitation. "The President has now made this a reality. As a country, we must ensure that the wealth generated from our natural resources benefits our people today while also securing the future of generations to come," said Omollo. Ruto assented to the Sovereign Wealth Fund Bill 2026 on Wednesday, July 8, at State House, Nairobi. The Act establishes three components: the Stabilisation Fund, the Strategic and Infrastructure Fund and the Future Generations Fund.
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