A better model for modernising Jomo Kenyatta International Airport (JKIA) would have been :
-Sell 25% shares to public through an IPO
-Sell 25% to a strategic investor/ operator
-Government keeps 50% ownership
-Issue a Green bond backed by receivables (securitization)
This way JKIA would get the funds they need , Kenyans would participate in ownership, the capital market would continue to grow, better operations would be guaranteed by the strategy investor/ operator and yes in future the government can offload the balance of shares if need be.
What do you think?
If I got laid off tomorrow & had to replace my salary asap, here’s exactly what I’d do:
1. Go to Instagram and start a fresh account. Use a spare email. No one has to know.
@wnyakera Hi Irungu this is Mike Gachui, we met when you were at NIC capital through Solomon choge at Genghis. Have a business proposal call me on 0722522860.
@ntsa_kenya I need your help urgently I have paid to the wrong section, instead of annual inspection, I paid for compliance. Can you reverse or put it in the right section.
This morning I addressed the media after a criminal attack on my hotel in Kisumu at around 5:00am. This attack comes in the middle of an ongoing legal dispute with LBDA relating to Covid-period rent arrears from the time when Raymond Omollo was the CEO of LBDA. The arrears in question are KSh 5.4 million, against a monthly rent of KSh 1.7 million, after having already paid over KSh 130 million in rent and invested more than KSh 235 million improving and developing the property.
When I attempted to resolve the matter and settle the arrears, I was informed that LBDA no longer wished to deal with me because Raymond Omollo had expressed interest in the property himself. I was further told that I was “on the wrong side of government” and that I was “throwing stones while living in a glass house.”
Faced with that position, we went to court and obtained lawful orders restoring us to possession of the property, which we executed legally. It is after this that today’s criminal actions took place. Evidence shows that the individuals accessed our compound after being freely allowed to access the adjacent LBDA Mall, then jumping across into our premises.
During the incident this morning, I was able to defend myself and the guests at the hotel only because I am a licensed firearm holder. But what happens to the millions of businessmen and investors who do not have firearms? Are they now expected to face hired goons and lose their property simply because they cannot defend themselves?
Let me be clear: I am a Kikuyu from Muranga who happens to be an investor in Kisumu, holding a 50-year lease at my hotel, and I have invested hundreds of millions of shillings building this business. If the PS wishes to acquire the property, it must be done lawfully, not through intimidation or violence.
PS Omollo, power comes and goes. Just as I am now a former PS, you too will be a former Ps someday very soon. The rule of law must prevail, whether you like it or not.
Milan, 4 September 2025 – With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani.
Il Signor Armani, as he was always respectfully and admiringly called by employees and collaborators, passed away peacefully, surrounded by his loved ones. Indefatigable to the end, he worked until his final days, dedicating himself to the company, the collections, and the many ongoing and future projects.
Over the years, Giorgio Armani has crafted a vision that expanded from fashion to every aspect of life, anticipating the times with extraordinary clarity and pragmatism. He has been driven by relentless curiosity and a deep attention to the present and to people. Along this journey, he established an open dialogue with the public, becoming a beloved and respected figure for his ability to connect with everyone. Always mindful of the needs of the community, he has been active on many fronts, especially in support of his beloved Milan.
Giorgio Armani is a company with fifty years of history, built with emotion and patience. Giorgio Armani always made independence – of thought and action – his hallmark. The company is, now and always, a reflection of this spirit. His family and employees will carry the Group forward in respect and continuity of these values.
The funeral chamber will be set up from Saturday, September 6th to Sunday, September 7th, and will be open from 9 a.m. to 6 p.m., in Milan, at Via Bergognone 59, inside the Armani/Teatro. In accordance with Mr. Armani’s explicit wishes, the funeral will be held privately.