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August 12, 2025
4d ago

How Kenya Plans to Fund JKIA Upgrade After Adani Deal Collapse

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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