Sovereign Wealth Funds (SWFs) are State-owned investment vehicles, primarily funded with revenues from exhaustible natural resources, designed to benefit current and future generations. In this article, we reflect and recommend for Kenya to establish a Strategic Investment Fund. Missed opportunitiesKenya had an opportunity to establish a SWF with the Kenya National Sovereign Wealth Fund (KNSWF) Bill in 2014. Across the continent, several African SWFs are being used to anchor investments from reputable but large private companies via PPP. African SWFs are also being used for innovation and growth through investments in entrepreneurial sectors of their domestic economies.

Source: Daily Nation October 06, 2024 08:38 UTC