The government has announced it is open to a new investor taking up the expansion of the Jomo Kenyatta International Airport (JKIA) following the cancellation of the Adani-JKIA deal. He explained that the Adani deal was structured as a Privately Initiated Partnership (PIP), which allowed for termination at any time. Treasury Cabinet Secretary John Mbadi during the review of Performance Contracting and Validation Meeting at the Treasury Building on October 9,2024. Ministry of Treasury“We are still open to any other investor out there who wants to come in and invest by partnering with the government to develop JKIA,” Mbadi affirmed. The CS added that it was imperative for renovations to be conducted at JKIA due to its deteriorating state and pressing problems.

Source: Daily Nation November 23, 2024 20:36 UTC