Development Finance & Public Sector

Sector overview

Development finance institutions and public bodies are held to exacting fiduciary standards by boards, lenders and the public. We provide the governance, risk and integrity assurance that keeps programmes fundable and on track.

Key regulators

3 tracked

National treasuries & PFM frameworks

Public procurement oversight bodies

Development-partner fiduciary standards

What we cover

Focus areas for Development Finance & Public Sector.

01

Fiduciary assurance

Financial-management assessments and controls testing for donor- and lender-funded programmes.

02

Integrity due diligence

Counterparty screening, beneficial-ownership checks and politically-exposed-person reviews.

03

Enterprise risk

Risk appetite, risk registers and board reporting for state corporations.

04

Continuity & resilience

Business-continuity plans and crisis-management exercises for critical services.

Regulatory radar

Recent developments across the region.

Market Intelligence

Oct 2025

Kenya · National Treasury / CMA / CBK medium impact enacted

Virtual Asset Service Providers Act, 2025

Introduces a licensing and supervisory regime for virtual asset service providers, including AML/CFT obligations such as the travel rule. Banks and payment providers dealing with VASPs need updated risk assessments.

Aug 2025

Kenya · Central Bank of Kenya high impact effective

Risk-based credit pricing anchored on the KESONIA benchmark

The revised risk-based credit pricing model requires variable-rate loans to be priced off the Kenya Shilling Overnight Interest Average (KESONIA) plus a disclosed premium, with transition timelines for existing facilities and new disclosure obligations.

Jan 2025

Ethiopia · Ethiopian Capital Market Authority medium impact effective

Ethiopian Securities Exchange begins trading

The launch of the Ethiopian Securities Exchange, under a new capital-markets regulator, opens listing, disclosure and market-conduct obligations for issuers and intermediaries.

Dec 2024

Kenya · Central Bank of Kenya high impact enacted

Minimum core capital for banks rising to KSh 10 billion by 2029

Amendments to the Banking Act raise the minimum core capital for commercial banks in phases from KSh 1 billion to KSh 10 billion by 2029. Smaller banks face capital raises, mergers or new strategic investors, and boards need a credible, phased capital plan.

Practices that support you