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.