Photo Credit:Reuters
Kenya will begin constructing the long-awaited Nairobi–Mombasa Expressway in early 2026, the Sh464 billion venture to be covered by private financing, no bill to taxpayers—a first in the country for infrastructure of such magnitude.
The 459-kilometer toll expressway will cut travel time from Nairobi to Mombasa from over 10 hours to 4.5 hours. The expressway upon completion will significantly boost trade, tourism, logistics, and security on one of Kenya’s busiest highways. The Nairobi- Mombasa highway is currently plagued by jams, accidents, and delays, which raise the cost of transportation.
The expressway will be constructed by U.S.-based Everstrong Capital, whose comprehensive 2,300-page feasibility study was submitted to the Kenya National Highways Authority (KeNHA) in early May 2025. The study covered all the technical, environmental, financial, and social aspects of the project, as per Kenya’s public-private partnership (PPP) laws.
Everstrong believes that around $1 billion (Sh129 billion) will be raised locally from a mix of pension funds, insurance firms, and investment banks. CPF Capital & Advisory Ltd., CPF Group’s subsidiary, is facilitating this local investment through the Pack Hunters Club (PHC), a club of the Association of Pension Trustees and Administrators of Kenya, Fund Managers Association, and Kenya Association of Stockbrokers and Investment Banks. The remaining $2.6 billion (Sh335 billion) will be financed from foreign investors and development finance institutions.
The Nairobi–Mombasa Expressway will be a modern, multi-lane motorway that contains facilities including wildlife crossing points, electric vehicle charging stations, and integrated renewable energy solutions. Since it is a toll road, clients will be required to pay between Sh12 and Sh13 for each kilometre, depending on the means of transport. This will be used to repay investors in the project in the future.
