This archive report was first published on 16 June 2020.
Published on June 16, 2020, the Treasury's plan to mobilize Sh200 billion in infrastructure investments through public-private partnerships (PPPs) has raised hopes for the development of mega infrastructure projects in Kenya.
However, the government's past attempts to woo investors through PPPs have been met with little success, with all identified projects still at initial stages.
Treasury Cabinet Secretary Ukur Yatani has identified bureaucratic hurdles as a major obstacle in attracting investors, citing lengthy approvals that investors must obtain before a project can proceed.
Yatani has announced plans to review the PPP Act to streamline the approval process and make it more attractive to investors.
Analysts at PricewaterhouseCoopers (PwC) have noted that PPPs could be key in enabling the government to finance major projects without having to borrow heavily.
“Financing of development expenditure could be achieved through the use of PPPs, which would lower government’s cash commitment towards these projects,” said the consultancy firm in a review of the Budget.
