Sovereign Wealth Fund Bill, 2026
In plain English
Creates a national fund to ring-fence revenue from minerals, oil and gas for long-term savings.
Who it affects: Counties with extractive resources (Turkana, Kwale, Kitui), Treasury, future generations of taxpayers.
- Sponsor
- Hon. John Mbadi, Cabinet Secretary for the National Treasury
- Introduced
- 29 April 2026
- Status
- Public Hearings · Public input window closed (17 Jun 2026)
Progress in Parliament
30% of the way to law- Introduced
Published and read for the first time
- With Committee
A committee studies it in detail
- Public Hearings — now
You can send your views
- Second Reading
MPs debate the main ideas
- Third Reading
Final vote in the National Assembly
- Senate Concurrence
The Senate reviews it (if needed)
- Assented
The President signs — it becomes law
Updated automatically when our weekly Parliament sweep finds new information. Last checked against Parliament: 15 Sept 2026.
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What's in the bill — key sections
- 01Establishes a Stabilisation, Future Generations and Infrastructure sub-fund.
- 02All extractive royalties above a set baseline flow into the fund.
- 03Annual withdrawals capped and subject to Parliamentary approval.
What happens next: Finance & National Planning Committee receiving memoranda alongside the Finance Bill until 17 June 2026.
Where this came from
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Change history
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