Treasury Unveils Major PPP Reforms to Attract More Investors
The proposals come as the government continues to enter into PPP deals with private investors for major infrastructure development, including the recently announced Ksh154 billion JKIA upgrade...
✨ Key Highlights
The National Treasury plans to amend the Public-Private Partnerships Act, proposing to remove the 30-year limit on PPP contracts and alter the approval and oversight processes.
- The tenure of PPP contracts will be determined by the project's nature and structure, not a fixed 30-year period.
- Key organizations involved include the National Treasury and the PPP Directorate.
- The amendments aim to make the PPP framework more flexible and investor-friendly, with public participation forums scheduled to commence on Monday, July 13, 2026.
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Dangote Confirms Lamu as Location for Ksh2.59 Trillion Oil Refinery - July 2026
Africa's richest man Aliko Dangote has officially confirmed Lamu, Kenya as the site for his planned Ksh2.59 trillion ($20 billion) East African oil refinery, ending speculation about its location. President William Ruto appointed Deputy President Kithure Kindiki to chair a government committee overseeing the implementation of the Ksh2.2 trillion East African oil refinery project in Lamu. The National Treasury plans to amend the Public-Private Partnerships Act, proposing to remove the 30-year limit on PPP contracts and alter the approval and oversight processes. Meanwhile, President Ruto signed the Sovereign Wealth Fund Act, 2026 into law, establishing Kenya's first national savings fund to manage oil and mineral wealth for future generations.
