Following the cancellation of the proposed Public-Private Partnership (PPP) with the Adani Group of Companies, the government, grappling with funding challenges for its development projects, has initiated a process to secure local development partners through PPP arrangements.
On Wednesday, the Treasury announced that it had presided over the formation of a private sector-led committee of experts to explore ways of mobilising long-term capital from Kenya's local financial markets to fund Public-Private Partnership (PPP) projects.
The meeting, held at the Treasury buildings in Nairobi, was chaired by Principal Secretary for Treasury, Chris Kiptoo.
According to the Treasury, the committee will comprise key industry players from the private sector, with whom the government aims to collaborate in raising the necessary capital to finance development projects.
