Nairobi, July 14 -- The National Infrastructure Fund (NIF) can perhaps best be understood through its own origin. The Fund has been seeded from the partial monetisation of two of Kenya's most successful enterprises - Safaricom PLC and Kenya Pipeline Company.

Its establishment marks one of the most significant developments in Kenya's economic architecture in recent decades. For the first time, the country has a dedicated institution capable of mobilising long-term equity capital, attracting private investment and developing nationally significant infrastructure through commercially viable enterprises.

The Fund has already been capitalised with approximately Sh347 billion ($2.7 billion) from the partial privatisation of Safaricom and Keny...