The Kenya Airports Authority (KAA) has locked out Kenya Re from using its land next to the country’s main airport, effectively stopping the Nairobi Securities Exchange-listed firm from realising value from the asset worth Sh720 million.
The land adjacent to the Jomo Kenyatta International Airport (JKIA) is among several investment properties which the reinsurer is unable to use owing to a mix of legal disputes and government regulations.
