Kenya Taps Development Banks for Airport Expansion After Ditching Adani Deal

Kenya taps development banks for airport expansion after ditching Adani deal

Kenya has invited international development lenders to finance a $2bn (R35.41bn) expansion of its main airport in Nairobi nine months after it cancelled a deal with India's Adani Group after its founder was indicted in the US.

Kenya seeks funding for $2bn airport expansion after ditching Adani deal

East African nation is looking for new ways to finance infrastructure projects due to sharply rising debt

Kenya Seeks $2 Billion For Nairobi Airport Upgrade

Kenya has turned to international development lenders to help finance a $2 billion expansion of Nairobi’s main airport, nine months after scrapping a deal with India’s Adani Group in the wake of legal troubles surrounding its founder in the United States. The East African country, facing sharply rising debt and under pressure to find alternative ways to fund major infrastructure, is also preparing to issue a securitised bond worth 175 billion sh…