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Adani group’s Africa push, submits funding proposal for Nairobi airport

Adani Group has submitted a proposal to develop Nairobi airport on a public-private partnership foundation, Kenya Airports Authority (KAA) mentioned in an announcement.

Nairobi airport, which is a hub for Kenya Airways, was the seventh busiest airport within the continent by way of passenger visitors in 2022. The airport is a crucial gateway in East Africa for cargo particularly for exports of reduce flowers. 

KAA disclosed the small print on Wednesday following native protests over lack of transparency within the course of. In response to a media report, the federal government clarified on Tuesday that the airport will not be being offered following allegations of a “secret deal.”

Adani Group declined remark. Presently, the group has a portfolio of eight home airports, together with the upcoming one in Navi Mumbai

The group has already signed an settlement to accumulate 95 per cent stake in a container terminal in Tanzania.

KAA CEO Henry Ogoye mentioned the authority has obtained an funding proposal below the Public Personal Partnerships Act 2021 from Adani Airports Holding Ltd. The group proposes to spend money on a brand new passenger terminal constructing, second runway and refurbishment of present services at Nairobi airport.

The authority added that the proposal might be topic to technical, monetary and authorized opinions alongside requisite course of below the 2021 Act. 

“The challenge settlement might be preceded by stakeholder engagement, the nationwide treasury approval, the legal professional basic clearance and the cupboard approval,” Ogoye mentioned in an announcement.

He mentioned the airport funded cannot be financed with out recourse to non-public funding. There might be no job losses, he added



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