Public-Private Partnerships as a Mechanism of Economic Self Reliance in Kenya

Abstract:

The main objective of this study was to examine the role the private sector plays in attaining economic self-reliance in Kenya. Currently Kenya is in a debt crisis due to unsustainable external borrowing. The study was guided by two theories: institutional differences and new theory of management. The study employed a mixed methodology. The study seeks to find how through the PPPs Kenya can attain economic self-reliance as well as create a sustainable approach to detach from external debt and over reliance on Aid. The study found that PPPs are a realistic alternative for Kenya distancing itself from more external borrowing, as they have the ability of creating self-reliance in the economic structures in Kenya. The study recommends that for PPPs to completely serve their purpose there needs to be a high level of transparency to reduce corrupt practices that slow down various project implementation in Kenya.