Despite protests from airport workers, Adani plans to take over operations at JKIA starting in November 2024.
The Indian firm plans to invest Sh97 billion in upgrading the airport, including a new terminal, apron, taxiway system, and two rapid exit taxiways.
They have already established a local subsidiary. Economists now say the government’s decision to hand over JKIA operations to Adani, despite strong opposition from airport workers, shows a blatant disregard for the voices and concerns of its citizens.
“Instead of listening to those directly affected, they are pushing ahead with plans that may prioritise foreign interests over local welfare,” the economist added.
An economist at the Treasury, who wished to remain anonymous, asserted that this is yet another instance of leaders disregarding their duty to serve the people.
“To raise the 97B Adani promises to raise, it only takes 1764 ksh per Kenyan.”
“Why can’t the GoK raise money by floating a bond issue?” Could the GoK also consider issuing a fixed note for the same amount? With accountability, the same Kenyans who oversubscribed the Safaricom IPO can step up to the plate.”
