NAIROBI, Kenya – Treasury Cabinet Secretary John Mbadi has appointed six members to the Board of the National Infrastructure Fund, marking a major step in the operationalisation of the newly established institution tasked with supporting Kenya’s long-term infrastructure financing agenda.
The appointments were announced in a special issue of the Kenya Gazette published on Wednesday, with the appointments taking effect immediately.
According to the gazette notice, the newly appointed board members are James Mworia Mwirigi, Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna, Lawrence Kibet and Mohammed Abdirahman Hassan.
The appointments come days after President William Ruto assented to the National Infrastructure Fund Act, which establishes the Fund as a key vehicle for financing strategic infrastructure projects and supporting Kenya’s long-term economic development.
James Mworia Mwirigi is a lawyer, accountant and business executive who currently serves as the Managing Director and Chief Executive Officer of Centum Investment Company.
Lawrence Kibet currently serves as the Director General for Public Investments and Portfolio Management at the National Treasury.
The gazette notice did not immediately provide further details on the professional backgrounds of Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna and Mohammed Abdirahman Hassan.
The National Infrastructure Fund is expected to mobilise, manage and invest resources in critical infrastructure projects to accelerate economic growth, improve connectivity and support sustainable national development.
The appointment of the inaugural board paves the way for the Fund to begin its governance and oversight functions as the Government implements reforms aimed at strengthening infrastructure financing and attracting long-term investment.
Further details on the board’s mandate and the next steps in the Fund’s operationalisation are expected as the Government completes the implementation of the new law.