Deputy President Kithure Kindiki has urged local and international investors to take advantage of the newly established National Infrastructure Fund, saying it offers attractive returns while accelerating Kenya’s long-term development agenda.

Speaking on Wednesday in Nairobi during the 22nd Annual African Private Equity and Venture Capital Conference, Kindiki said the fund is central to the government’s 20-year plan to modernise key infrastructure without resorting to higher taxes or unsustainable borrowing.

“We have an ambitious infrastructure programme covering the next 20 years. We want to make sure we modernise our airports, roads, seaports and railways,” he said.

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“This ambitious infrastructure upgrade programme cannot be achieved by increasing taxes or piling debt. We are mobilising public and private resources to be invested in this programme.”

The Deputy President said the fund aims to crowd in more than Sh5 trillion to fast-track infrastructure expansion across the country.

He challenged private capital players to invest in the vehicle, noting that it presents both commercial and developmental value.

“We are inviting the private sector to invest in the National Infrastructure Fund, for which we have started harnessing seed capital,” Kindiki said.

“For every one dollar, we target to crowd in 10 dollars of private investment to help us upgrade infrastructure.”

Among the projects lined up under the programme are the construction of 28,000 kilometres of new roads, generation of 10,000 megawatts of electricity, extension of the Standard Gauge Railway to the Uganda border, and the modernisation of the ports of Mombasa and Lamu.

Kindiki said Kenya is positioning itself as a regional logistics and energy hub, adding that strategic infrastructure investments will enhance competitiveness and unlock private sector growth.

He cited ongoing and completed public-private partnership projects, including the Nairobi Expressway and the Rironi–Mau Summit Road, as evidence that collaboration between government and private investors can deliver transformative results.

“The Public Private Partnership pipeline remains strong, with more than 40 active projects under management, including 10 already in active implementation across key sectors such as transport, energy and urban development,” he said.

“We continue to strengthen our legal and institutional framework governing infrastructure financing and PPP structuring.”

Kindiki assured investors that Kenya’s macroeconomic environment remains stable, describing the country as a secure and predictable investment destination.

“Our economy is strong, with key macroeconomic indicators pointing to stability for many years ahead,” he said, citing low inflation and interest rates.

“As the government, we are making sure these fundamentals remain stable to encourage investors to put their money in Kenya,” he added.

The Deputy President also disclosed that the government is finalising the establishment of a Sovereign Fund to safeguard investments and cushion the economy against internal and external shocks.

He said the combined reforms are intended to deepen investor confidence while reducing reliance on debt to finance large-scale development projects.