The funding is expected to be disbursed through the International Finance Corporation and the International Development Association for several projects in the transport, energy, technology, and food processing sectors.

The World Bank Group plans to mobilize US$2.5 billion to finance projects implemented following the public-private partnership (PPP) model in Kenya between 2023 and 2027.

According to the new Country Partnership Framework (CPF) for Kenya, over the next five years, the International Finance Corporation (IFC) is expected to invest in PPP projects in the transport, energy, logistics & supply chain, technology, and food processing sectors.

One of the transport projects to be financed is the Nairobi-Nakuru-Mau highway, which will also benefit from the International Development Association (IDA)’s partial risk guarantee.  

"Given Kenya’s narrowing fiscal space, the country should accelerate its Public Private Partnership (PPP) program and take steps to improve governance, increase transparency, minimize opportunities for corruption and balance risk between public and private sector players," the World Bank wrote in the new Country Partnership Framework for Kenya.