Kenya plans to enact a public private partnership (PPP) law by February next year seeking to spur infrastructural investment. The country’s funding deficit in infrastructure is estimated at Sh232 billion, which the new law hopes to bridge.
The legislation will map out ways through which the government will choose projects to develop in partnerships, and who qualifies for sovereign guarantees. The State has in the past shied away from the model due to impact on national debt.
In what analysts see as a necessary reversal in policy, PS Joseph Kinyua says that Treasury will increase such guarantees from next year as the country struggles to bring down the cost of power.
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