The move is part of the government’s wider efforts to improve Kenya’s sports infrastructure, with stadium projects currently underway in Mombasa, Kisumu, Nakuru, Eldoret and more than 20 other counties.
According to Business Today, the Sports Fund has begun the process of recruiting a transaction advisor and lead arranger to structure the facility, with financing expected to be secured within 60 days of the appointment.
The Ksh38.74 billion facility would become the second securitisation backed by the Sports Fund after the Ksh44.8 billion Talanta bond, which is financing the development of Talanta Sports City.
The new financing is expected to support the completion of three major stadium projects, including Talanta Sports City and Kipchoge Keino Stadium, alongside other facilities being prepared to host major international events.
The government is also in the process of finalising Talanta Sports City and upgrading the Moi International Sports Centre, Kasarani, as Kenya steps up preparations for the 2027 Africa Cup of Nations.
Talanta Sports City and Kasarani are among the facilities earmarked to host matches during AFCON 2027, which Kenya will co-host alongside Uganda and Tanzania.
The latest borrowing plan therefore comes as the government seeks to accelerate the development and modernisation of sports facilities, both for international competitions and to improve sporting infrastructure across the country.
The Ksh38.74 billion loan will be repaid over 15 years through future revenues accruing to the Sports, Arts and Social Development Fund.
