The committee of experts formed to explore avenues for mobilising domestic capital for Public-Private Partnerships (PPPs) has officially submitted its final report to the Treasury, marking a pivotal moment in the country's drive to strengthen its infrastructure financing framework.
The handover ceremony, presided over by Principal Secretary Chris Kiptoo, marked the culmination of months of work by the experts.
The committee, established in February this year, was tasked with recommending strategic reforms, policy, legal, regulatory, and administrative, to unlock long-term domestic capital for PPP projects.
“This report gives us a clear roadmap to tap into the vast potential of our local financial ecosystem,” Kiptoo said during the event.
He noted that although Kenya has mobilised over Sh140.7 billion through PPPs since 2013, much more can be achieved.
He stated that they will review the report in the next month before outlining a pathway for implementation.
At the heart of the report is the proposed establishment of the Public-Private Partnership Implementation Trust Fund (PPP-ITF).
The fund is envisioned as a central vehicle to pool and deploy long-term institutional capital, such as pension and insurance funds, for PPP infrastructure projects.
It is expected to offer predictable returns to investors while reducing reliance on government guarantees.
Committee chairperson Hosea Kili described the proposed fund as a “paradigm shift” in infrastructure financing, aligning national development goals with the interests of local institutional investors.
Treasury's PPP Director General Kefa Seda highlighted the report’s comprehensive nature, noting that it lays out the framework to support and operationalise the trust fund through both legislative and administrative means.
Treasury is also set to initiate the review process and develop an action plan for rolling out the recommendations.
The event was attended by key stakeholders from the financial sector, including representatives from pension schemes, insurance companies, development partners, and senior government officials.
