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Expertise Global The Ideas Powerhouse in Public Finance Management

11/05/2026

Infrastructure financing only works when public value remains at the centre. As Kenya explores new financing models through the National Infrastructure Fund, the conversation is no longer only about raising capital, but also about governance, accountability and whether investments improve everyday lives.

On a recent episode of The Big Picture Podcast by Africa Uncensored, our Managing Director, Wangari Kebuchi reflected on the balance between private investment and public interest. The discussion touched on stronger regulation, better project prioritisation and the need for infrastructure citizens can feel the benefits of more directly, especially at a time when debt servicing pressures continue to weigh heavily on citizens and businesses.

Watch the full discussion: https://www.youtube.com/watch?v=eLx5S8v7Ba8&list=PL8SSOIb3zzK_RXD-WDDjOp40fNi0NW3Nc&index=12

08/05/2026

Small businesses carry a large share of Kenyaโ€™s economy, but the space they operate in is tightening. When costs rise and the environment remains difficult, higher taxes do not always lead to higher revenue. There comes a point where added pressure can push activity out of the formal system and collections begin to fall, a dynamic often described as the Laffer Curve.

In a conversation with Wendy Loyce on SemaBox TV, our Programme Manager, Jedidah reflects on how this is playing out, from shifts away from digital payments to the need to rebuild trust and create a more supportive business environment. Sustainable revenue rests on confidence, fairness and conditions where businesses can grow.

Watch the full interview: https://www.youtube.com/watch?v=sCIXinodtXI&t=5s

Throwback to last year, when our MD Wangari Kebuchi joined over 140 researchers, policymakers, and practitioners from ov...
06/05/2026

Throwback to last year, when our MD Wangari Kebuchi joined over 140 researchers, policymakers, and practitioners from over 30 countries at the PEP - Partnership for Economic Policy Annual Conference in Nairobi. The discussions centred on the issues governments are managing today, from jobs and energy to agriculture and education, with a focus on how evidence shapes better policy decisions.

This June, the conference returns to Nairobi with the theme ๐—ฅ๐—ฒ๐˜๐—ต๐—ถ๐—ป๐—ธ๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐—œ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: ๐—ช๐—ต๐—ฎ๐˜ ๐—œ๐˜ ๐—ง๐—ฎ๐—ธ๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐˜†๐˜€๐˜๐—ฒ๐—บ๐˜€ ๐˜๐—ผ ๐——๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—š๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐—ฆ๐—ผ๐˜‚๐˜๐—ต. The focus is on how ideas move into action, creating jobs, strengthening institutions, and supporting more resilient growth. See more here: https://www.pep-net.org/annual-conferences/2026-annual-conference

Chinaโ€™s move to scrap tariffs for almost all African countries opens up access to one of the worldโ€™s largest markets. It...
04/05/2026

Chinaโ€™s move to scrap tariffs for almost all African countries opens up access to one of the worldโ€™s largest markets. It could support export earnings in the short term, particularly in agriculture and mining. But the underlying trade imbalance remains, with Africa largely exporting raw materials and importing manufactured goods. Last year, the trade deficit with China widened to about $102 billion.

As Wangari Kebuchi notes in the BBC News, zero tariffs on unprocessed exports do not address this imbalance and can reinforce it. The opportunity now is how countries use improved market access to strengthen local production, diversify exports, and move up the value chain. Read the full article here: https://www.bbc.com/news/articles/cwy2v509217o

Energy prices remain high, and how projects are financed continues to shape what consumers and businesses ultimately pay...
03/05/2026

Energy prices remain high, and how projects are financed continues to shape what consumers and businesses ultimately pay. Across Africa, clean energy projects can cost up to three times more to finance than in advanced economies, putting pressure on efforts to expand affordable supply.

At the 7th EPRA Regional Research and Innovation Conference, a session on innovative financing mechanisms focused on how to bring down these costs while drawing in private capital. Beatrice Gitu from the PPP Directorate at the National Treasury, Ashay Abbhi of Intellecap, Paul Kamau of Finaltus and Grace Njeru from the World Bank joined our Managing Director, Wangari Kebuchi, in a candid discussion moderated by Duncan Ndegwa of EPRA. The conversation covered targeted guarantees to reduce risk, more predictable power purchase agreements, and pooled green financing models to help smaller cities access capital more cost-effectively, all approaches already taking shape in Kenya and the region.

As financing improves, so does the path to more reliable and affordable energy.

๐—›๐—ฎ๐—ฝ๐—ฝ๐˜† ๐—Ÿ๐—ฎ๐—ฏ๐—ผ๐˜‚๐—ฟ ๐——๐—ฎ๐˜†!Today, we recognise the people who keep Kenyaโ€™s economy running and public services working.In Kenya, a...
01/05/2026

๐—›๐—ฎ๐—ฝ๐—ฝ๐˜† ๐—Ÿ๐—ฎ๐—ฏ๐—ผ๐˜‚๐—ฟ ๐——๐—ฎ๐˜†!

Today, we recognise the people who keep Kenyaโ€™s economy running and public services working.

In Kenya, about ๐Ÿด๐Ÿฏ% of employment is informal, and unemployment stands at around ๐Ÿฑ.๐Ÿฒ% according to Kenya National Bureau of Statistics. Public spending decisions shape which jobs are created, which sectors grow, and who truly benefits from economic growth.

29/04/2026

East Africa imports all its refined fuel, leaving the region exposed to supply shocks and price swings, as recent tensions in the Middle East have shown. With Kenya, Uganda, and Tanzania signalling interest in a regional refinery, the question is how to finance a project of that scale without adding to already high public debt.

In this clip, from an interview with Ramah Nyang of CGTN Africa, our MD Wangari Kebuchi points to the most viable approach. A blended financing structure, combining private investment, syndicated and commercial loans, and backing from institutions such as Afreximbank and the Africa Finance Corporation. With a dedicated project vehicle and risk guarantees, this approach allows the project to move ahead without adding strain to public budgets.

The full interview is available here: https://www.youtube.com/watch?v=owvHq9RodlE&pp=ygUUV0FOR0FSSSBLRUJVQ0hJIENHVE4%3D

Development partners have long committed to working through government systems. Many programmes still run outside them, ...
27/04/2026

Development partners have long committed to working through government systems. Many programmes still run outside them, with separate procurement, reporting and financial processes. What looks efficient in the short term can weaken the systems meant to deliver services over time.

This piece highlights the real impact, from skilled staff moving into donor-funded projects to gaps in coordination and visibility, especially in health. It also sets out practical steps to shift course, with a focus on stronger public systems, better alignment and clearer accountability.

Read the full article by Strategic Partnerships & Development Leader, Carey Kluttz, here: https://shorturl.at/yXB6y

Rising debt and reduced external support are narrowing the choices available to governments.At the Spring Meetings in Wa...
26/04/2026

Rising debt and reduced external support are narrowing the choices available to governments.

At the Spring Meetings in Washington DC, Wangari Kebuchi met with International Monetary Fundโ€™s Regis O. Nโ€™Sonde and Jepthe Kibidikila Nsumbu to discuss these shifts. The conversation focused on managing debt risks, adjusting to lower Official Development Assistance, and strengthening policy responses in a more constrained environment.

24/04/2026

Public money should be easy to track and it should deliver results. When funding for essentials like health, nutrition, and immunisation falls behind, even as external support declines, it reveals a gap between what is promised and what is prioritised.

When people cannot clearly see how money is used, confidence weakens. This is not just about releasing more data, but making it clear, simple, and useful so citizens can see what is being spent and what it achieves.

Jotham Wadongo unpacks this in a recent conversation hosted by KTN News Kenya's Leah Ngari, alongside Christopher Kirathe and Ruth Kinyanjui. Watch for a clear take on what needs to change.

KTN Home

Energy affordability and security are central to the regionโ€™s growth. As demand rises and funding becomes more constrain...
23/04/2026

Energy affordability and security are central to the regionโ€™s growth. As demand rises and funding becomes more constrained, attention is turning to how projects are financed, who takes on the risk, and whether investments lead to energy that people can afford and rely on.

This morning, Wangari Kebuchi joins the ๐—˜๐—ฃ๐—ฅ๐—” ๐Ÿณ๐˜๐—ต ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฎ๐—ป๐—ฑ ๐—œ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—–๐—ผ๐—ป๐—ณ๐—ฒ๐—ฟ๐—ฒ๐—ป๐—ฐ๐—ฒ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ ๐—ณor a panel on ๐—œ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐— ๐—ฒ๐—ฐ๐—ต๐—ฎ๐—ป๐—ถ๐˜€๐—บ๐˜€, under the theme ๐—”๐—ฑ๐˜ƒ๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—˜๐—ป๐—ฒ๐—ฟ๐—ด๐˜† ๐—”๐—ณ๐—ณ๐—ผ๐—ฟ๐—ฑ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐—ฆ๐—ฒ๐—ฐ๐˜‚๐—ฟ๐—ถ๐˜๐˜† ๐—ถ๐—ป ๐—ฆ๐˜‚๐˜€๐˜๐—ฎ๐—ถ๐—ป๐—ฎ๐—ฏ๐—น๐—ฒ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜.

The discussion brings together policymakers, regulators, and investors to explore practical ways to unlock investment while keeping projects sustainable and accountable. We will be sharing key takeaways from the session.

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