• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Kenya Receives Adani Proposal to Invest in Its Biggest Airport

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Maritime, Trade
1 min read
0 0
0
48
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Kenya Receives Adani Proposal to Invest in Its Biggest Airport

Kenya’s government received a proposal from Adani Airport Holdings Ltd. to invest in the nation’s main airfield, the Kenya Airports Authority said.

Indian billionaire Gautam Adani’s company offered to help build a new passenger terminal and second runway at the Jomo Kenyatta International Airport in the capital, Nairobi, as well as refurbish existing facilities, KAA acting Managing Director Henry Ogoye said in a statement on Wednesday. The proposal will be subjected to technical, financial and legal reviews to ensure it complies with the nation’s public-private partnerships laws, he said.

Ogoye made the announcement after lawmaker Richard Onyonka petitioned parliament to scrutinize a build-operate-transfer agreement with the Kenyan government. The Organized Crime and Corruption Reporting Project on Wednesday questioned why the Kenyan authorities are considering a private proposal after experts advised the government earlier this year to put out a public tender for the project.

The KAA referred a request for comment on the OCCRP report to Prime Cabinet Secretary Musalia Mudavadi’s office, which didn’t immediately respond to queries.

Kenya has previously refurbished and expanded its main airport and has had plans for a second runaway in an effort to retain its status as a regional aviation hub. Neighboring Ethiopia, which operates Africa’s biggest airplane fleet, has chipped away at that dominance in recent years.

An estimated $1.85 billion of spending is required to address “challenges” identified at the airport, about $830 million of which would be required in the first five years of a proposed upgrade project, according to the Adani proposal. The investment required is “significant and cannot be funded with the prevailing fiscal constraints without recourse to private funding,” the company said.

RelatedPosts

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

Wall Street Forecasts Oil in the $50s Next Year

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

Adani Airport notes the statement issued by the KAA and has no further comment, a spokesperson said in response to a request for comment.

The company, controlled by Asia’s second-richest person, has a portfolio of eight airports dominating more than 50% of the top 10 Indian domestic routes. The airports account for 23% of Indian air traffic serving 20% of total passenger base.

Source: bloomberg
Via: norvanreports
Tags: AdaniBiggest AirportKenyaKenya Receives Adani Proposal to Invest in Its Biggest Airport
No Result
View All Result

Highlights

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

Three SOEs Make First Dividend Payment of GHS 29.3m in 30 years

Gov’t Misses T-Bills Target by GHS 3.38bn as Investor Appetite for Debt Shifts to BoG Securities

Tough but Right: Will BoG’s Currency Crackdown & NPL Clean-Up Fix the Economy or Freeze Growth?

Equities Retreat as MTN Drags Composite Index Lower

Trending

Business

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

September 1, 2025

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans Over the past decade, the Gulf...

Wall Street Forecasts Oil in the $50s Next Year

September 1, 2025

Ghana 5th in Africa for IMF Outstanding Debt in August 2025

September 1, 2025

Joe Jackson Warns BoG’s 10% NPL Target Could Squeeze SME Lending

September 1, 2025

SOEs Record 28.3% Revenue Growth But Post GHS 9.67bn Net Loss in 2024 – SIGA Report 

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.