The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The National Treasury building in Nairobi. Sovereign wealth funds are designed for longer-term strategic objectives, such as stabilising the national budget against revenue volatility [File, Standard]
The Kenya Kwanza government’s draft legislation to create the country’s first sovereign wealth fund (SWF) is drawing criticism from financial experts who question its economic rationale, governance structure and vague operational rules.
This has attracted scrutiny of the President William Ruto’s government’s ambition to manage future resource revenues.
Get Full Access for Ksh99/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today