State turns to development banks for JKIA expansion
NAIROBI, Kenya, Aug 12 - The government is seeking about $2 billion from development banks to revive plans for expanding the Jomo Kenyatta International Kenya breaking news | Kenya news today |..
✨ 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.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
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.
