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HomeDaily NewsTuesday, August 12, 2025Kenya Plans KPC Divestiture and Seeks $2B for JKIA Expansion - August 2025
Business & Economy3 stories from 2 sources

Kenya Plans KPC Divestiture and Seeks $2B for JKIA Expansion - August 2025

The Kenyan government is seeking about $2 billion from various development banks to fund the expansion of Jomo Kenyatta International Airport (JKIA). Separately, government estimates value the Kenya Pipeline Company (KPC) at Sh120 billion as the state plans to divest a 65 percent stake. This divestiture aims to raise approximately Sh100 billion through an IPO on the Nairobi Securities Exchange (NSE). According to CS Mbadi, the government is set to retain 35 percent of the shares in KPC following the planned sale.

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Tuesday 11:10 AMCapital Business

State turns to development banks for JKIA expansion

State turns to development banks for JKIA expansion

The Kenyan government is seeking about $2 billion from various development banks to fund the expansion of Jomo Kenyatta International Airport (JKIA).

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Key Highlights

The Kenyan government is seeking about $2 billion from various development banks to fund the expansion of Jomo Kenyatta International Airport (JKIA).

  • The funding will be used to construct a second runway and new terminal buildings at JKIA.
  • Letters of support have been sent to institutions including China Exim Bank, KfW, and the African Development Bank.
  • This move revives expansion plans after President William Ruto cancelled a $2.5 billion deal with India's Adani Group last year following public backlash.
Tuesday 9:52 AMCapital Business

Estimates put Kenya Pipeline Company value at Sh120bn

Estimates put Kenya Pipeline Company value at Sh120bn

Government estimates value the Kenya Pipeline Company (KPC) at Sh120 billion, as the state plans to divest a 65 percent stake. This divestiture aims to raise approximately Sh100 billion through an IPO on the Nairobi Securities Exchange (NSE).

Read Story

Key Highlights

Government estimates value the Kenya Pipeline Company (KPC) at Sh120 billion, as the state plans to divest a 65 percent stake. This divestiture aims to raise approximately Sh100 billion through an IPO on the Nairobi Securities Exchange (NSE).

  • The National Treasury expects a projected valuation to incorporate asset revaluations to fetch the most optimal value.
  • The government intends to reduce its shareholding in the strategic energy utility to 35 percent.
  • The Treasury plans to offer shares to KPC employees ahead of its planned listing in September.
Monday 9:41 PMNation BusinessFirst

CS Mbadi: Government to retain 35 percent shares in KPC

CS Mbadi: Government to retain 35 percent shares in KPC
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