Nairobi, July 7 -- MPs have ring-fenced 30 percent of Kenya's planned sovereign wealth fund (SWF) for future generations, triple the State's earlier proposed 10 percent, even as the country races to establish a national investment vehicle to manage windfalls from petroleum and mineral resources.

The National Assembly Finance and National Planning Committee pushed through the amendments that also shield the savings component of SWF - known as the Future Generations Fund -from any form of advances, credits, and collateralisation by the government.

This savings component will act as an endowment that accumulates income over time and supports national development after mineral and petroleum resources are depleted.

Committee chairperson Kur...