Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya eyes Sh541bn bonds for SGR, JKIA after Adani’s exit
National Treasury and Economic Planning Cabinet Secretary John Mbadi when he appeared before the National Assembly Public debt and Privatization Committee at the Continental House in Nairobi on November 28, 2024.
The Treasury is eyeing a $4.2 billion (Sh540 billion) bonds for expansion of the standard gauge railway (SGR) and Jomo Kenyatta International Airport (JKIA), less than a year after it cancelled a deal with India’s Adani Group.
A Treasury brief seen by the Business Daily shows that it plans to raise $3 billion (Sh387 billion) for the extension of the SGR line from Naivasha to Malaba and $1.2 billion (Sh154.8 billion) for the expansion of the main airport through a securitised bond.
