PPP Structuring
3 June 2025
Public-private partnership frameworks that balance public-sector objectives with the risk discipline institutional investors require.
Public-private partnerships remain a primary delivery mechanism for infrastructure across Africa. Their success depends on structuring that aligns public developmental objectives with private sector risk appetites — without compromising bankability.
PPP structuring requires clarity on risk allocation, affordability pathways, governance frameworks, and contractual enforceability. Weakness in any of these dimensions delays or prevents financial close.
Capernaum Capital advises public-sector counterparties on PPP frameworks that are defensible to institutional investors — and private sector participants on structures that reflect credible risk-return profiles.