The National Assembly’s Departmental Committee on Finance and National Planning is this week set to undertake public participation on two crucial Bills starting tomorrow. 

Among the two is the 𝐒𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧 𝐖𝐞𝐚𝐥𝐭𝐡 𝐅𝐮𝐧𝐝 𝐁𝐢𝐥𝐥, 𝟐𝟎𝟐𝟔 which seeks to provide a legal framework for the establishment and the management of the Sovereign Wealth Fund. 

If enacted to law, the Bill is expected to provide a strategic framework to transform Kenya’s natural resources wealth into long-term financial resilience by establishing a tripartite structure—Stabilization, Infrastructure, and Future Generations components. 

It also provides a framework for commitment to intergenerational equity, ensuring that the proceeds from non-renewable resources are invested in diversified global assets to benefit future citizens.

The proposed law sponsored by the Leader of the Majority Party of the National Assembly was published on 9th March 2026 and read for the First time on 11th March, 2026. It was then committed to the Departmental Committee on Finance and National Planning for its consideration and tabling of report.

The Committee will also collate views on 𝐭𝐡𝐞 𝐏𝐮𝐛𝐥𝐢𝐜 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐀𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭) 𝐁𝐢𝐥𝐥, 𝟐𝟎𝟐𝟓 (𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐬𝐬𝐞𝐦𝐛𝐥𝐲 𝐁𝐢𝐥𝐥𝐬 𝐍𝐨. 𝟏𝟕 𝐨𝐟 𝟐𝟎𝟐𝟓), also sponsored by the Leader of the Majority Party. 

The Bill was published on 24th April, 2025, and read for a First time on 2nd December, 2025 before being committed to the Committee for consideration and tabling of report.

The purpose of the Bill which has 6 clauses, is to amend the Public Finance Management Act, in order to ensure that there shall be no duplication in management of additional allocations through intergovernmental agreements.

The Bill further intends to amend the PFM Act by repealing sections 191A-191E thereby providing for intergovernmental agreements on additional allocations to the county governments.

The two Bills can accessed through the provided links 🔗 🔗

https://www.parliament.go.ke/sites/default/files/2026-03/THE%20SOVEREIG…

https://www.parliament.go.ke/sites/default/files/2025-05/The%20Public%2…