91-day T-bill8.750%â–˛ 0.002
182-day T-bill8.851%â–Ľ 0.008
364-day T-bill9.029%â–˛ 0.002
Central Bank Rate8.75%07/10/2026
Inflation7.3%October 2026
Top MMF yield10.50%Madison
Sources: CBK auction, 2 Nov 2026 value date (change vs 26 Oct); CBK key rates; fund managers' published yields, as at 12 Nov 2026.

PPP projects in Kenya: 60 in pipeline, 10 worth KSh353bn underway

PPP projects in Kenya: the government has 60 in its pipeline and 10 worth about KSh353bn under implementation, PS Cyrell Wagunda says. Details here.

PPP projects in Kenya: speaker at the opening of the Africa PPP summit in Nairobi
Opening of the 16th Africa PPP Infrastructure Finance, Investment and Partnerships Summit in Nairobi, 12 November 2026. Photo: PPP Directorate Kenya

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Kenya has 60 public-private partnership (PPP) projects in its pipeline, and 10 PPP projects in Kenya worth about KSh 353 billion (about USD 2.7 billion) are now under implementation, Principal Secretary for Public Investments and Assets Management Cyrell Wagunda said in Nairobi on 12 November 2026.

The figures on PPP projects in Kenya were released by the PPP Directorate at the National Treasury, which is hosting the 16th Africa PPP Infrastructure Finance, Investment and Partnerships Summit. The directorate did not list the 10 projects or give their individual values.

What the government said about PPP projects in Kenya

According to the PPP Directorate, Mr Wagunda “reported that Kenya has 60 PPP projects in its pipeline, with 10 projects valued at approximately KSh353 billion under implementation.” He stressed sound feasibility studies, effective risk allocation, coordination between institutions and efficient contract management as the steps that turn a pipeline into “bankable investments and completed infrastructure.”

The directorate described the summit as a forum on investment in energy, transport, water, industrialisation and social infrastructure. PPP projects in Kenya let private firms build, finance or run public assets such as roads, in return for tolls, fees or payments from the state over many years.

Delegates at the opening of the Africa PPP summit in Nairobi where PPP projects in Kenya were discussed
Delegates at the opening session in Nairobi, 12 November 2026. Photo: PPP Directorate Kenya

Treasury calls for predictable rules and pension money

Treasury Cabinet Secretary John Mbadi’s speech, delivered on his behalf by Investments, Trade and Industry Cabinet Secretary Lee Kinyanjui, called for predictable policy and regulation to attract private capital. He also urged African governments to mobilise domestic money, including pension funds and insurance investments, and to build infrastructure that supports industry, regional trade and the African Continental Free Trade Area.

Treasury Principal Secretary Dr Chris Kiptoo, who chairs the PPP Committee, said reforms are under way to make sure projects “deliver value for money, remain affordable and protect the public interest,” according to the directorate.

Why the PPP pipeline matters for taxpayers

PPP projects in Kenya move the upfront cost of roads, power and water projects off the budget, but they can leave the state with long-term payments or guarantees. Treasury’s own estimate of those risks is in our report on Kenya’s KSh413bn PPP termination exposure.

The biggest live example for motorists is the Rironi-Mau Summit road, covered in our stories on the Rironi road toll investor and the Rironi-Naivasha section opening in December. Port concessions are another strand, set out in our report on KPA’s Mombasa and Lamu PPP tenders.

Speaker at the Africa PPP summit in Nairobi on PPP projects in Kenya and Africa
A speaker at the summit, which runs until 13 November 2026. Photo: PPP Directorate Kenya

Kenya and Tanzania talk infrastructure

On the sidelines, the PPP Directorate said Mr Mbadi, Mr Wagunda, Dr Kiptoo and PPP Director General Eng. Kefa Seda held bilateral talks with Tanzania’s Minister of Works, Masanja Kadogosa, on infrastructure cooperation, project delivery and new ways to finance projects. No agreement or figures were announced from those talks, and the directorate has not said whether any regional deals will join the list of PPP projects in Kenya.

Frequently asked questions

How many PPP projects does Kenya have?

The government says 60 PPP projects are in the pipeline, with 10 under implementation.

How much are Kenya’s PPP projects under implementation worth?

About KSh 353 billion for the 10 projects, according to PS Cyrell Wagunda.

Which agency runs PPP projects in Kenya?

The PPP Directorate at the National Treasury, headed by Director General Eng. Kefa Seda, with the PPP Committee chaired by the Treasury PS.

Did the government list the 10 PPP projects?

No. The 12 November statement gave the number and total value but not the project names.

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About Author

Norah Waceke is a business journalist and editor at Business Radar with more than eight years of experience covering Kenya's economy, companies and markets. She previously worked at one of Kenya's leading digital news platforms, where she reported on business, finance and current affairs. A graduate of Multimedia University of Kenya, Norah focuses on clear, accurate reporting that helps readers understand the money stories shaping their lives and businesses.

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