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Why setting up Infrastructure Fund as a corporate entity is a good idea
The NIF, like many other funds, can be and should be a corporate entity. What is critical is meritocracy (board and management), zero tolerance to corruption and remaining true to the mandate and vision of why the fund is established.
A robust conversation about the governance structure of planned Kenya’s National Infrastructure Fund (NIF) is taking place. Why is it corporate? Why is it privately incorporated? What is being hidden?
Governments globally have structured sovereign funds, including those focused on infrastructure or broader investments, as separate corporate or private entities rather than direct extensions of government agencies for a number of reasons.
