NIF should cede its perpetual seed capital to hit goals

The National Infrastructure Fund (NIF) was established in March and is making progress in setting up its governance structures. The NIF aims to maintain a perpetual seed capital of Sh340 billion, generating an annual income of about Sh40 billion for development. However, concerns remain about the potential misappropriation of funds and excessive reliance on public debt instruments, which could undermine its high-beta investment mandate.