State banks on PPP financing for Vision 2030 projects

The Government has presented 45, among them key Vision 2030 projects, to American investors and the Kenya private sector, seeking financing under the Public Private Partnership (PPP) model. Following a successful Eurobond issue that earmarks funds for Vision 2030 flagship projects in transport, energy and agriculture, the current move confirms the Government's efforts to integrate the PPP model as an alternative source of funding for infrastructure investments. Speaking in Washington DC, Vision 2030 Acting Director General Prof Gituro Wainaina described Kenya’s current infrastructure development efforts as key to the country's global competitiveness. He said Kenya is keen to expand and upgrade infrastructure to achieve efficiency.