It has been billed as a panacea to Kenya's perennial infrastructure financing crunch.
The promise of public-private partnerships (PPPs), where the State relies on financing from private investors to fund new mega projects, such as new roads and dams, has often been trumpeted by State mandarins as an innovative development model.
The new administration of President William Ruto, for instance, is at it again and plans to tap tens of billions of shillings in infrastructure investments through PPPs.
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