The Sovereign Wealth Fund Act
establishes three funds: a Stabilisation Fund for economic shocks, a Strategic
Infrastructure Fund for development projects, and the Urithi Fund receiving 30
percent of mineral and petroleum revenues.
Ruto compared it to Norway's massive fund,
saying Kenya can become a first-world nation in one generation as oil
production ramps up in Turkana by late 2026.
While leaders praise it as a major step toward self-reliance, critics question its viability amid debt and past mismanagement, calling for strong oversight.