In a significant development, Adani Airport Holdings Limited has disclosed details about its proposed takeover of Jomo Kenyatta International Airport (JKIA) in Nairobi.
The announcement, made on September 18, 2024, sheds light on the $1.85 billion (Ksh.242 billion) proposal aimed at upgrading and expanding Kenya’s busiest airport.
Adani Group confirmed that it paid the Kenyan government a $50,000 (about Ksh.6.47 million) review fee as part of the proposal submission process.
The plan includes extensive renovations and expansions to enhance JKIA’s capacity and infrastructure, positioning it as a key aviation hub in Africa.
The proposal has sparked considerable debate and controversy. Critics argue that the deal lacks transparency and could have significant implications for Kenya’s sovereignty and economic interests.
The Kenya Human Rights Commission and the Law Society of Kenya have filed cases in court to challenge the takeover, citing concerns over the privatization of a strategic national asset.
Despite the backlash, Adani Group remains optimistic about the project’s potential benefits. The company envisions transforming JKIA into a world-class facility, boosting Kenya’s tourism and trade sectors, and creating numerous job opportunities for Kenyans.
The Kenyan government has defended the proposal, emphasizing the need for private investment to modernize the airport and improve its services.
Transport Cabinet Secretary Davis Chirchir stated that the project is still under review and due diligence stages, with no final agreement signed yet.
