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Originally published by The Standard BusinessSeptember 6, 2025
10h ago
Inside Ruto's new Sh206b JKIA upgrade plan after Adani deal flop
A confidential Cabinet briefing document shows KAA will now engage bilateral and multilateral financiers, including the World Bank’s IFC and the African Development Bank...
✨ Key Highlights
President Ruto's administration is seeking to raise $1.63 billion (Sh206 billion) from international lenders to upgrade the Jomo Kenyatta International Airport (JKIA). This move follows the failure of a previous deal with India's Adani Group.
- Key funding target: $1.63 billion (Sh206 billion)
- Primary location: Jomo Kenyatta International Airport (JKIA)
- Shift in strategy: Seeking funds from bilateral and multilateral financiers after the collapse of a deal with India's Adani Group.
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