National Infrastructure Fund Act

25. Investment Policy

Edition: 2026-03-11 · In force

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25. Investment Policy

(1)The Governing Council shall develop an Investment Policy for approval by Cabinet.

(2)The Investment Policy shall specify-

(a)priority sectors proposed for development;

(b)proposed projects;

(c)any existing incomplete projects from the previous investment policy;

(d)expected rate of return on investment on specific projects;

(e)asset allocation, portfolio distribution and leverage ratios; and Investment Policy.

(f)exposure limits per sector and project.

(3)An Investment Policy shall be valid for a period of five years.

(4)The Board shall establish a formal risk management framework, approved by the Governing Council, to identify, measure, monitor and manage financial and contingent liabilities, and ensure all investments and commitments comply with the Public Finance Management Act (Cap. 412A), and any other applicable law.

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Source: Kenya Law