Ruto Announces New Multi-Billion Boost Ahead of JKIA Upgrade

The new funding will be used to boost the initial seed capital from the sale of KPC, with the works now set to begin in June following the award of the construction works...

✨ Key Highlights

President William Ruto has announced plans to inject an additional Ksh2 billion into the National Infrastructure Fund (NIF), following the Treasury's receipt of Ksh103.45 billion from the partial sale of Kenya Pipeline Company (KPC).

The NIF will receive a total of Ksh105.45 billion to finance major national development projects.
Key projects include the construction of modern facilities at Jomo Kenyatta International Airport (JKIA), with construction set to begin in June.
The NIF's seed capital comes from the Ksh103.45 billion KPC partial sale, while the additional Ksh2 billion aims to further strengthen its financing capacity.

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