Kenya Airports Authority lures investors to Kisumu
Kenya Airports Authority (KAA) is luring investors to the Kisumu International Airport (KIA) for various opportunities through a shift in its business model.
Briefing journalists at the Kisumu Airport on Tuesday, KAA Ag. Managing Director (MD) Yatich Kangogo said there are many investment opportunities available at the airport, which was recently certified as an international airport.
The MD said opportunities are ripe and land is available for office parks, airport hangers to service and offer maintenance to aircraft’s in the region.
Kangogo said with the airport’s master plan designed, investors can contact the airport Manager, Joseph Okumu, with their proposals for prospective businesses adding that as the airport expands, local facilities also ought to grow. “These opportunities will create tens of thousands of direct and indirect employment opportunities in the county”, he observed.
Kangugo noted that Kisumu is strategically placed in the great lakes region and other than offer maintenance services for aircrafts in the region, it has a good potential in the cargo business.
He divulged that consequently the cargo section at the airport has been expanded and already has a terminal in place with plans to develop the area into a cargo village. He added that both the Kisumu International Airport and Moi International Airport, Mombasa will be poised to receive international flights and feed them to the Jomo Kenyatta International Airport (JKIA) ultimately contributing to the country’s Gross Domestic Profit (GDP).
Kangugo said KAA’s business model has shifted to other areas of revenue generation other than from aviation related proceeds. He pointed out that 80 percent of KAA’s revenue was from aeronautical engagements and 20 percent from other areas such as real estate.
Some of the businesses that have already set up at the Kisumu Airport area include, Skyone Flying School while Best Western Hotel is also confirmed to pitch tent a few metres across the airport.