The Office of the Treasury Registrar (OTR) has concluded a five-day seminar for the Parliamentary Standing Committees on Public Investment (PIC) and Public Accounts (PAC), held from February 9 to 13, 2026, as part of its ongoing strategy to strengthen Members of Parliament’s capacity in the oversight and evaluation of government investments.
Throughout the seminar, OTR delivered strategic presentations aimed at enhancing the Committees’ understanding of the Office’s mandate in safeguarding, managing, and growing public capital.
The training focused on aligning the constitutional oversight responsibilities of PIC and PAC with OTR’s statutory mandate under the Treasury Registrar Act, to ensure a shared understanding of governance systems, evaluation frameworks, and accountability mechanisms.
In a session on enhancing the efficiency of public capital through the establishment, development, and management of subsidiary companies, OTR explained the legal and operational frameworks governing the creation of such entities from feasibility studies and regulatory approvals to operational systems and performance evaluation.
It was emphasized that subsidiary companies have become a strategic instrument in advancing key sectors such as energy, water, agriculture, and transport, contributing to increased non-tax revenue and reducing dependence on the government’s central budget.
On the classification and oversight of public institutions based on shareholding structure, OTR presented data showing that it oversees 308 entities, including 252 fully government-owned institutions and 56 in which the Government holds minority shares.
The Committees were briefed on the differentiated oversight frameworks applied to wholly owned entities and joint ventures, as well as the performance evaluation criteria used covering financial results, service quality, corporate governance, and economic contribution.
Over the past five years, government investment has increased from Sh67 trillion to Sh92.3 trillion, while non-tax revenue has grown from Sh637 billion to Sh1.028 trillion.
These figures were presented as indicators of strengthened public capital management and ongoing reforms within public institutions.
The seminar also included a dedicated session on the application of the Strategic Plan, Investment Plan, and Business Plan in assessing investment efficiency.
OTR explained that these three documents form the foundation for planning, implementation, and evaluation of activities within public institutions and corporations.
The five-year Strategic Plan defines the vision, mission, strategic objectives, and performance indicators.
The Investment Plan identifies priority projects, feasibility assessments, and financing sources.
The Business Plan translates strategic objectives into annual activities and implementation budgets.
It was clarified that these plans operate as an integrated system: the Strategic Plan provides long-term direction; the Investment Plan outlines projects to achieve that direction; and the Business Plan guides day-to-day implementation.
Through this framework, OTR assesses whether public resources are invested in accordance with value-for-money principles.
For example, in infrastructure institutions, project implementation is evaluated by aligning timelines, budgets, and expected outputs.
In financial institutions where the government holds shares, evaluation focuses on dividends, share value appreciation, and contributions to the Consolidated Fund.
Additionally, OTR utilizes Key Performance Indicators (KPIs) embedded in Strategic Plans to measure return on investment (ROI), financial sustainability, and economic impact.
The seminar also addressed areas requiring improvement, including misalignment of certain plans, weak non-measurable indicators, and delays in performance reporting.
To address these challenges, OTR has begun strengthening performance contracts through the engagement of transaction advisors starting in the 2025/26 financial year, introducing a digital investment monitoring system in collaboration with the National Planning Commission, and continuing reforms to the Public Investment Management (PIM) framework.
Overall, the five-day seminar demonstrated close collaboration between OTR and the parliamentary standing Committee in strengthening transparency, accountability, and efficiency in public capital management.
OTR reaffirmed its commitment to continue providing information, training, and professional advisory support to Parliament to ensure that Government investments deliver sustainable value to the national economy and to citizens.