Labour Cabinet Secretary Dr Alfred Mutua has identified the approval of the National Infrastructure Fund and Sovereign Wealth Fund as the defining achievement of his extensive government career.
Speaking through a candid video posted across his social media channels, Dr Mutua reflected on decades of public service that have seen him navigate multiple high-ranking positions. Despite his track record, the veteran politician maintains that nothing rivals the historic significance of approving these transformative financial instruments.
“I have served in government for many years,” Mutua said. “I was government spokesperson under the government of the late Mwai Kibaki, I have been governor of Machakos County, and now I am Cabinet Secretary. I have been CS for Foreign and Diaspora Affairs, Tourism and Wildlife, and now Labour.”
Yet among all these distinguished roles, Mutua singles out one pivotal moment.
“The most important decision I have made all these years was sitting in the Cabinet and approving the Sovereign Fund and the Infrastructure Fund,” he stated.
The Cabinet greenlit both the National Infrastructure Fund and Sovereign Wealth Fund on December 15, 2025, triggering an ambitious Ksh5 trillion blueprint designed to reshape the nation’s economic trajectory and development landscape.
Dr Mutua painted a stark picture of Kenya’s historical approach to public finance, revealing how previous administrations squandered opportunities for sustainable wealth creation.
“Back in the day, when money was available, it was spent here and there. There were no savings, nothing,” he said.
The new framework represents a radical departure from this short-term thinking. Dr Mutua revealed that Kenya will now channel revenues from natural resources, including minerals and oil, into strategic reserves designed to benefit future Kenyans.
“Now earnings from all the minerals we have, all the oil, will be put somewhere not for us, but for future generations,” Mutua said. “So that our great-grandchildren do not have to beg for loans at the IMF or the World Bank. They will be self-sufficient.”
The Cabinet Secretary positioned Kenya’s new strategy alongside proven models from the world’s most economically stable nations. “That is the thinking of Japan, Norway, Sweden and the U.S.,” he said.
“You go to some countries, you look at the infrastructure and wonder how they did it. It is because they put money aside in a fund.”
Dr Mutua at the same time clarified the strategic philosophy underpinning the Infrastructure Fund, explaining that it will empower the government to catalyze development while respecting the private sector’s role.
“The role of government is not to do business. It is to facilitate business,” he said.
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