The government is intensifying its efforts to mobilize development financing through public-private partnerships (PPPs), with 32 projects currently at various stages, targeting to raise KSh 70 billion in the 2025/2026 financial year.
Treasury Cabinet Secretary Hon. John Mbadi, while presenting the Budget Statement in Parliament, emphasized that leveraging private sector capital remains a key strategy for accelerating infrastructure and service delivery without overburdening public finances.
“We continue to strengthen the role of public-private partnerships in financing our development agenda,” said CS Mbadi.
In addition to PPPs, the government is set to roll out a new pension management system on July 1, 2025, aimed at transforming how retirement benefits are administered.
The upgraded system will feature real-time claims processing and integration with the national identification and payroll systems, reducing delays, errors, and leakages.
These changes form part of a wider reform package being spearheaded through the National Retirement Benefits Policy, developed by the National Treasury in collaboration with key stakeholders.
“This policy provides a forward-looking strategy to tackle long-standing structural challenges in Kenya’s pension sector,” noted CS Mbadi.
The reforms are expected to enhance transparency, accountability, and efficiency in pension administration, benefiting both current and future retirees.
