Kenya considers diaspora bond to fund Jomo Kenyatta Airport upgrades, seeking $4 billion.

The Kenyan government is considering a diaspora bond to raise funds for modernizing Jomo Kenyatta International Airport (JKIA), aiming to collect over Sh500 billion ($4 billion). This move follows a canceled deal with the Adani Group over corruption concerns. While the bond could reduce reliance on foreign loans and strengthen ties with Kenyans abroad, the government faces challenges in rebuilding trust and ensuring transparency to attract investors.

3 months ago
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