{"id":28122,"date":"2026-03-09T13:38:37","date_gmt":"2026-03-09T11:38:37","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=28122"},"modified":"2026-03-09T13:38:37","modified_gmt":"2026-03-09T11:38:37","slug":"kenya-will-use-some-proceeds-from-pipeline-ipo-to-expand-main-airport","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/kenya-will-use-some-proceeds-from-pipeline-ipo-to-expand-main-airport\/","title":{"rendered":"Kenya will use some proceeds from pipeline IPO to expand main airport"},"content":{"rendered":"<p>Kenya will use 15 to 20 billion Shillings (up to $155 \u200cmillion) from an initial public offering (IPO) of shares in Kenya Pipeline Company to expand the main Nairobi airport, President William Ruto said this Monday.<\/p>\n<p>&nbsp;<\/p>\n<p>The government said last week \u2060that it had raised 106.3 billion Shillings ($41.3\u202fmillion) by selling a 65% stake in Kenya Pipeline Company and that proceeds would be earmarked for projects like highways, railways and ports.<\/p>\n<p>&nbsp;<\/p>\n<p>It has also said that Nairobi&#8217;s Jomo Kenyatta International Airport is operating beyond capacity and requires \u200cmodernisation.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;The \u2060expansion of the Jomo Kenyatta International Airport will be the first major project financed through this new model of financing under the National \u2060Infrastructure Fund,&#8221; Ruto said.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;Between 15 and 20 billion Shillings ($155 million) from the National Infrastructure Fund, from the \u2060proceeds of the Kenya pipeline IPO will go to financing the seed money \u2060for the expansion of Jomo Kenyatta International Airport.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":28123,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-28122","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Kenya will use 15 to 20 billion Shillings (up to $155 \u200cmillion) from an initial public offering (IPO) of shares in Kenya Pipeline Company to expand the main Nairobi airport","published_date":"2026-03-09 13:37:31","news_description":"Kenya will use 15 to 20 billion Shillings (up to $155 \u200cmillion) from an initial public offering (IPO) of shares in Kenya Pipeline Company to expand the main Nairobi airport","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28122\/revisions"}],"predecessor-version":[{"id":28124,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/28122\/revisions\/28124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/28123"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=28122"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=28122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}