ADVOKS GLOBAL · KENYA
Sovereign Wealth Fund Act
60. Transitional provision
Edition: 2026-07-24 · In force
60. Transitional provision
(1)The Cabinet Secretary may appoint an interim manager and staff to administer the Fund pending the constitution of the Board under section 28.(2)The interim manager and staff referred to in subsection (1) shall be public officers on secondment to the Fund.(3)The interim manager and staff shall manage and administer the Fund in accordance with this Act and the instrument of appointment.(4)The appointment of the interim manager and staff shall come to an end six months after the commencement of this Act.(5)The interim manager and staff recruited under subsection (1) shall serve on such terms and conditions as the Cabinet Secretary may, on advice of the Salaries and Remuneration Commission, determine.(6)Once constituted, the Board shall assume the work of the interim manager and staff, commence the recruitment of the Chief Executive Officer in accordance with section 35(1) and continue performance of its functions as stipulated in this Act.