The Senate has been informed that the government spent Sh1.9 billion on renovations at the Kenyatta International Convention Centre (KICC), dispelling reports that the project cost Sh3.2 billion. Despite the significant investment, the facility has yet to reach its full revenue potential.
Appearing before the Senate’s National Cohesion, Equal Opportunities, and Regional Integration Committee, KICC Chief Executive Officer James Mwaura clarified the expenditure and outlined the facility’s financial performance. He revealed that the conference center generates an annual profit of Sh200 million.
While addressing the committee, chaired by Marsabit Senator Mohammed Chute, Mwaura stated that KICC has the potential to generate more than Sh700 million in revenue. “KICC was renovated at a cost of Sh1.9 billion, covering the refurbishment of various conference rooms, hallways, pavements, and flower gardens — essentially a complete makeover of the facility, funded by the Tourism Promotion Fund,” he explained.
Mwaura also informed the senators that KICC has approved a procurement plan of Sh634.65 million for the 2024/25 financial year.
