How Kenya Plans to Fund JKIA Upgrade After Adani Deal Collapse
JKIA has been having infrastructural challenges...
✨ Key Highlights
Kenya plans to fund the Jomo Kenyatta International Airport (JKIA) expansion and other infrastructure projects by issuing a Ksh175.75 billion ($1.36 billion) securitised bond next month, instead of relying on traditional sovereign debt. This strategy leverages the airport's revenues to attract investment.
- The bond will be issued both locally and internationally.
- Transport Cabinet Secretary Davis Chirchir stated this approach shifts the financial burden from the national balance sheet to the asset itself.
- The Ksh258.46 billion ($2 billion) JKIA expansion will include a second runway and a new terminal building, with funding secured against the airport's future income streams.
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Government Announces KPA Tariff Hike, KRA Tax Exemption, and Ksh175.75B Bond for JKIA - August 2025
The Kenya Ports Authority (KPA) has announced an increase in tariffs for services at the Port of Mombasa, set to take effect from September 15, 2025. Separately, the Kenya Revenue Authority (KRA) announced significant tax exemptions on gratuity payments for certain employees, effective July 1, 2025, as introduced through the Finance Act, 2025. Additionally, Kenya plans to fund the Jomo Kenyatta International Airport (JKIA) expansion by issuing a Ksh175.75 billion ($1.36 billion) securitised bond next month. This funding strategy leverages the airport's revenues to attract investment rather than relying on traditional sovereign debt.
