Sovereign Wealth Fund Act

7. Holding Account

Edition: 2026-07-24 · In force

7. Holding Account

(1)There shall be an account opened and operated at the Central Bank of Kenya for the Fund to be known as the Holding Account.

(2)The Holding Account shall—

(a)be used for receiving, holding and disbursing all the proceeds to the Fund; and

(b)maintain the monies in Kenya shillings or a foreign currency as the Cabinet Secretary may, in consultation with the Central Bank of Kenya, determine.

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Source: Kenya Law