In this episode recorded on September 15, 2026, we sit down with Dr. James Mworia (founding CEO, National Infrastructure Fund) to examine the architecture, governance, and mandate of Kenya’s newly established DFI. We explore NIF's SPV project finance structure, its private capital crowding-in target, the redeployment of privatisation proceeds into productive infrastructure, the bankability and risk allocation of priority projects like the JKIA expansion, and the potential for listed development infrastructure trusts (D-REITs) to recycle domestic capital.

Show Notes

00:00:00 Introduction

00:10:32 Succession and Transition to NIF

00:14:04 NIF’s Mandate

00:16:00 Debt Concerns and Economic Rationale

00:21:49 Project Selection and Priority Pipeline

00:31:23 Guarding Against Political Interference

00:38:21 NSE Listing and Possibility of a D-REIT

00:41:33 Reporting Mechanisms and Recycling Capital

00:44:38 JKIA Deal Structure and Risks

00:55:25 Recap and Closing Remarks



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