Treasury taps into PPPs to raise Sh50b

In his targets for the current year, Treasury CS John Mbadi promised more accountability as he seeks to enhance fiscal discipline. [File, Standard]

The National Treasury plans to mobilise Sh50 billion through public-private partnerships (PPPs) by June next year, as the government seeks ways to finance projects amid a biting cash crunch.

National Treasury Cabinet Secretary John Mbadi said his ministry would facilitate at least five PPPs in the current financial year. This comes amid controversy over PPP deals signed with Indian company Adani Holdings.