KENYA · INFRASTRUCTURE
Key Facts
—The deal: Kenya has awarded the Ksh375.4 billion ($2.9 billion) expansion of Jomo Kenyatta International Airport to China Communications Construction Company, a Chinese state-owned contractor. The government has yet to confirm it formally.
—Who lost out: The award marks a return to Chinese-led financing two years after Kenya cancelled a concession for the same airport with India’s Adani Group.
—How it is paid for: The money flows through a new National Infrastructure Fund, seeded with proceeds from the privatisation of the Kenya Pipeline Company.
