Centum CEO James Mworia among 6 appointed to National Infrastructure Fund Board

Through a gazette notice, the 6 have been appointed under the guidelines stipulated in Section 13(1) of the National Infrastructure Fund Act, 2026, under sub-sections (a) and (b).

They state that the Fund's Board of Directors shall consist of "(a) four persons, who shall be independent directors" and "(b) persons, being public officers, who shall be appointed based on their expertise or position.

The 6 include Centum CEO James Mworia Mwirigi, Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna. Lawrence Kibet and Mohammed Abdirahman Hassan have been appointed under sub-section 'b'.

Mwirigi has a background in Law and Finance, while Fahima and Maranga are experts in Investment Banking.

The National Treasury had invited 16 finalists, shortlisted from 78 applicants, for interviews scheduled for June 29 and 30, 2026

NIF, a long-term transformation wagon shepherded by President William Ruto, will serve as the key engine for aligning the administration’s financial resources with national development priorities.

President Ruto plans to implement the Ksh.5 trillion development project using the funds within 10 years.

Treasury CS Mbadi earlier intimated that the fund will help reduce Kenya’s overreliance on borrowing to finance development projects.

President Ruto signed the National Infrastructure Fund Act, 2026, into law on March 9, paving the way for the government to mobilise up to Ksh.5 trillion over the next decade through privatisation and alternative financing mechanisms to support major infrastructure projects.

Among the projects expected to benefit from the fund is the planned expansion of Jomo Kenyatta International Airport (JKIA).

The government also plans to extend the Standard Gauge Railway (SGR) to Malaba, construct about 2,500 kilometres of dual highways, and develop 10,000 megawatts of clean energy capacity.

The law further expands the Railway Development Levy (RDL) to support the growth of the country’s rail network under the new infrastructure financing structure.