Kenya to leverage on PPPs for infrastructure funding

NAIROBI, Aug. 12 (Xinhua) -- Kenya is keen to leverage on public-private partnerships (PPP) to bridge its infrastructure funding gap, a senior government Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya plans to significantly increase its reliance on public-private partnerships (PPPs) to address a substantial infrastructure funding deficit. This strategic shift aims to draw on private sector capital and expertise for large-scale projects, freeing public funds for essential social services.
- Kenya requires an estimated 560 billion shillings (about $4.33 billion USD) annually for infrastructure, with only $1.73 billion USD currently available.
- The announcement was made by John Mbadi, cabinet secretary for the national treasury and economic planning, during a PPP symposium in Nairobi.
- Kenya has developed a "robust legal and regulatory framework" and a "strong pipeline of active PPP projects" to facilitate private sector involvement in infrastructure development.
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