ABSTRACT
In this article, we assess the motivations, scope and options available for governments that seek to renegotiate public-private partnership (PPP) concessions in sub-Saharan Africa (SSA). Existing literature reveals that scholars have made efforts to study PPPs and provide recommendations for maneuvering renegotiations in turbulent times such as Covid 19 era. The uniqueness of COVID-19 and its impact on PPP concessions have largely remained unnoticed despite the creation of a hypothetical environment that is likely to increase voluntary and involuntary renegotiations by governments in SSA and the world. Based on a review of the literature, the study reveals that during uncertain times, renegotiations of the terms of PPP concessions are imminent. To understand the dynamics and complexities of renegotiations, the study was guided by game theory since the negotiation and renegotiations operates on principles of a game. While the existing literature, focuses on reasons for renegotiation, provides general renegotiation outcome options, it has not provided guidance on appropriate options for various situations, such as turbulent times manifesting in the context pandemics and recessions, and when the public purse is constrained. The outcome of the study reveals that in such case traditional cash demand guarantees are impractical. Therefore, the study contributes to the body of knowledge of PPPs by departing from the elusive approaches of earlier studies and provides more context based alternative renegotiation options that governments can offer as tradeoffs when renegotiating PPP concessions in turbulent times.