Parliament, World Bank partner to reform Kenya’s PPP landscape
A key highlight of the World Bank Group’s presentation was the urgent need for Kenya to shift from unsolicited PPP proposals to competitive procurement. Experts from the International Finance Corporation (IFC) emphasised that open bidding not only ensures value for money but al..
✨ Key Highlights
The National Assembly’s Public Debt and Privatization Committee, in partnership with the World Bank Group, is initiating reforms to improve Kenya’s public-private partnership (PPP) landscape.
- The reform agenda aims to address weaknesses in debt oversight and PPP governance, particularly by promoting competitive procurement over unsolicited proposals.
- Key players include the National Assembly’s Public Debt and Privatization Committee, chaired by MP Shurie Abdi Omar, and the World Bank Group, including specialists from the IFC.
- Experts highlighted that competitive procurement can shorten project timelines from 3-5 years for non-competitive deals to 1-2 years, ensuring better value for money and "price discovery."
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