KAA Now Worth Ksh 1.3 Trillion

Kevin Namunwa | Sep 2, 2020

Kenya Airports Authority (KAA) acting managing director Alex Gitari has disclosed that the autonomous body is worth Ksh 1.3 trillion.

Mr Gitari told the National Assembly’s Public Investments Committee (PIC) that the government valuer had put the total value of KAA land, buildings and biological assets like forests at Ksh 1.3 trillion.

“The value of KAA land, buildings and biological assets like forest that KAA has in various airports came to Sh1.3 trillion, according to a valuation done last year by government valuer,” he told the committee chaired by Mvita MP Abdulswamad Nassir.

The government valuer had earlier shared the report with KAA board, which in turn approved it in principle.

However, the Auditor General’s office said it had not seen the report by the government valuer on the valuation of KAA assets.

The committee directed KAA to share the contents of the report with the Auditor-General and a copy to parliament.

The Auditor Genral had previously warned that KAA land at Nairobi’s Jomo Kenyatta International Airport (JKIA), Embakasi Village, Lokichogio Airport, Wilson Airport and Malindi Airport is at risk of being lost to third parties who have laid claim to it in dubious circumstances.

Meanwhile, KAA is also in court battling third parties following demolition of houses at its JKIA land in Nairobi and other areas.

Part of the land identified as LR No. 13512 was allocated to Mlolongo Brothers Association while another portion LR No. 14231 was allocated to Uungani Settlement Self-Help Group.

KAA in November 2011 obtained temporary court orders restraining the groups from dealing in the land.

The authority then moved to the site with bulldozers and demolished property worth billions of shillings belonging to private developers.

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