Date Posted

Nairobi to use $155 million from public offering of shares in Kenya Pipeline Company for airport

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Kenya’s President William Ruto says the country will use up to $155 million from an initial public offering of shares in Kenya Pipeline Company to expand the main Nairobi airport
Last week the government said it had raised funds by selling a 65% stake in Kenya Pipeline Company and that proceeds would be earmarked for projects like highways, railways and ports. It has also said that Nairobi’s Jomo ​Kenyatta International Airport is operating beyond capacity and requires ‌modernisation.
–Reuters–