Hardly eight months after President William Ruto cancelled the planned lease of the Jomo Kenyatta International Airport (JKIA) to Adani Group, the government has unveiled a new funding strategy for the expansion of the main airport.
Transport Cabinet Secretary Davis Chirchir now says that the government has been in talks with six different development financial institutions to fund the renovation of JKIA.
Among the development institutions potentially involved in funding JKIA's expansion are the European Investment Bank, the German Development Bank, the French Development Bank, the Japan International Cooperation Agency (JICA), the Abu Dhabi Fund for Development, and the China Exim Bank.
President Ruto's administration has since contacted the above-mentioned institutions and is awaiting feedback on how to fund the redevelopment of the main airport using the airport's balance sheet.
