Ruto launched 'Turning the Tide' with the National Infrastructure Fund, a KSh 5 trillion public-private vehicle approved last week as an LLC to fund highways, stadiums, and youth programs without raising public debt. Backed by the International Finance Corporation, it uses assets like Safaricom shares to attract investment amid Kenya's KSh 12 trillion debt load.
Four citizens petitioned the High Court on Wednesday, claiming the setup bypasses Parliament and echoes scandals like Malaysia's 1MDB, where billions vanished through opaque deals. Supporters see it as a disciplined path to first-world status, while skeptics fear risks to accountability.