Treasury Cabinet Secretary (CS) John Mbadi has told lawmakers that the proposed National Infrastructure Fund (NIF) will focus exclusively on commercially viable projects aimed at accelerating Kenya’s economic growth. Appearing before a joint sitting of the Departmental Committee on Finance and National Planning and the Select Committee on Public Debt and Privatization on February 24,
National Treasury Cabinet Secretary John Mbadi has revoked the appointment of Seth Panyako from the Local Authorities Provident Fund (LAPFUND) board, effective immediately. In a gazette notice dated Friday, January 23, CS Mbadi revoked Panyako’s appointment as a member of the LAPFUND board, which began in March 2023 under former Treasury CS Njuguna Ndung’u. He
Treasury Cabinet Secretary John Mbadi has addressed suggestions to split the government’s 15% divestiture of Safaricom shares. While speaking in a media interview on Thursday, January 22, 2026, the Treasury CS explained why the current government strategy prioritises market stability and maximises returns. CS Mbadi noted that various stakeholders, including the Law Society of Kenya
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