ADVOKS GLOBAL · KENYA
Sovereign Wealth Fund Act
53 Annual report of the Fund
Edition: 2026-07-24 · In force
53 Annual report of the Fund
(1)The Board shall prepare an annual report relating to each component of the Fund and shall, within six months after the end of each financial year, submit the report to the Cabinet Secretary.(2)The Board shall, within fourteen days after the submission of the report under subsection (1), publish and publicise the report in such format as may be prescribed in regulations under the Public Finance Management Act (Cap. 412A).(3)The report prepared under subsection (1) shall include details of—(a)the audited financial statements of the Fund and the audit report;(b)the investment strategies and policies determined by the Board and the level of compliance;(c)the performance of each component of the Fund including—(i)all payments to the Fund during the year it relates;(ii)all investments made during the year;(iii)total income received from investments during the year;(iv)details of all fees paid to investment fund managers and any other service providers;(v)an analysis and explanation of performance for each component during the year it relates; and(vi)cash balance at the end of the financial year including a list of qualifying instruments used in that financial year; and(d)any other information that the Board considers necessary or as may be directed by the Cabinet Secretary to be included.(4)The Cabinet Secretary shall submit the report received under subsection (1) to the National Assembly within fourteen days after receipt.