Sharp Daily
No Result
View All Result
Friday, September 5, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Treasury seeks global consultant to revamp PPP initiatives

Joseph Muriithi by Joseph Muriithi
February 8, 2024
in News
Reading Time: 2 mins read

The National Treasury of Kenya is actively pursuing an international consultant to provide guidance on restructuring Public-Private Partnership (PPP) initiatives, aiming to invigorate public infrastructure projects Amidst a challenging economic milieu.

The endeavor unfolds against a backdrop of heightened financing costs, currency depreciation, and escalating project implementation expenses, factors dampening the allure of public infrastructure endeavors for private investors.

Director General of the PPP unit at the National Treasury, Christopher Kirigua, stressed the pivotal role of favorable macroeconomic conditions in fortifying a resilient PPP program.

“The macroeconomic environment, the interest rate environment, the exchange rate environment is very critical for a very strong and successful PPP program,” Kirigua elucidated in an interview.

RELATEDPOSTS

National treasury denies claims of KES 1.3 Trillion cash withdrawal irregularities

March 3, 2025

Global lessons for Kenya’s affordable housing goals through public-private partnerships

November 29, 2024

Kirigua emphasized the imperative for investors to meticulously assess the commercial viability of projects from inception, underlining that their engagement hinges on potential returns.

The forthcoming international tender by the government aims to secure the expertise of a seasoned consultant to navigate the intricacies of PPP project structuring.

The National Treasury’s PPP Committee has approved a comprehensive 10-year infrastructure plan, aimed at realigning all government projects with a focus on funding through partnerships with private investors or public funds.

The proposed scheme prioritizes Environmental, Social, and Corporate Governance (ESG) standards as pivotal benchmarks in project execution, alongside anticipated returns and their socioeconomic impact.

“The mode of prioritization will be based on the economic value, the social impact, and the returns the projects will deliver for the country,” Kirigua elaborated.

“The plan will focus on climate-smart infrastructure, and environmental, social, and corporate governance (ESG) will be a key consideration in the prioritization plan.”

The initiative entails an extensive nationwide consultation process aimed at reviewing all government infrastructure projects and reclassifying them based on their economic, environmental, and social implications.

The consultant is expected to aid in the re-prioritization of government projects, discerning between those to be financed by taxpayers’ money and those to be executed with private sector collaboration, contingent on their economic viability.

The Treasury’s initiative underscores Kenya’s dedication to fostering sustainable infrastructure development amidst evolving economic challenges.

Previous Post

Benin’s dollar bond oversubscribed amid growing investor interest

Next Post

Ruto’s Japan visit unlocks billions for Kenya projects

Joseph Muriithi

Joseph Muriithi

Related Posts

News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025
News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025

LATEST STORIES

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

Why knowing your pension exit options matters, especially in the public sector

September 5, 2025

Breaking the Silence: Understanding and Supporting Suicide Awareness Month

September 5, 2025

Strategic financial moves steer Kenya’s economic stability

September 4, 2025
Private equity investment business concept

Private equity and insurance

September 4, 2025

How reforming payroll taxes can stabilize employment trends

September 4, 2025

How public ratings could shift healthcare dynamics in Kenya

September 4, 2025

Boosting Your Retirement Savings with Additional Voluntary Contributions (AVCs)

September 4, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024