The idea of a National Infrastructure Fund (NIF) as the magic wand that will transform Kenya into a first world economy has been criticised by experts who have also questioned Cabinet’s plan to create a limited liability company to house the Fund.

For a country that is evidently struggling economically, with a debt that is inching closer to Sh13 trillion, governance experts argue that such a Fund equates to mortgaging the nation’s assets and taxpayers at large.