Regulating the financing of political parties has been a key debate in recent times in Africa. It has been argued that financing political parties enables them to play their role in the democratization process more effectively. This article analyzes the role of money in politics in Kenya, the unequal opportunity it generates for participation and the resultant effects in the broad democratization process. The study also draws lessons of experience from other countries that are relevant to Kenya as it grapples with the quest for reforms to finance political parties. The article finally advocates for the public funding of political parties in Kenya but at the same time points out the shortcomings that are likely to come with it.