Ndindi Nyoro Claims Talanta Stadium Is Being Built with Illegal Loan: “Most Expensive Stadium”

• Kiharu MP Ndindi Nyoro has continued to criticise the government’s financing model for the Talanta Stadium, particularly the use of a Sports Fund bond
• The stadium, under construction to meet CAF standards for the 2027 Afcon, is projected to cost KSh 44.7 billion and includes advanced features like VAR booths and a hydraulic roof
• Nyoro warned that the 15.04% interest bond could cost taxpayers over KSh 144 billion in total, calling the approach fiscally irresponsible and politically motivated

Kai Eli, a journalist at TUKO.co.ke, brings more than three years of experience covering politics and current affairs in Kenya.

Kiharu MP Ndindi Nyoro has sustained his criticism of the model the government settled on to put up the Talanta Stadium.

Talanta Stadium is being built to comply with Confederation of African Football (CAF) standards in preparation for hosting its first major event during the 2027 Africa Cup of Nations (Afcon).

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Construction began last year and is expected to be completed in the near future.

The venue is designed for multiple uses and will feature cutting-edge elements like a hydraulic tension cable roof, goal-line technology, VAR stations, and VIP lounges.

Why Ndindi Nyoro is against Talanta Stadium funding

Its KSh 44.7 billion cost has sparked controversy, especially regarding the government’s financing strategy.

Nyoro criticised the Sports Fund bond issued to support the project, which was listed on the Nairobi Securities Exchange under President William Ruto’s administration.

The bond aimed to raise at least KSh 44 billion with a 15-year repayment plan, a move Nyoro called economically unsound.

Nyoro voiced strong objections to the government’s choice to finance Talanta Stadium through a Sports Fund bond, warning that the strategy hinges on future income to cover current expenses, a tactic he believes will burden taxpayers over time.

Why Ndindi Nyoro is concerned about Talanta Stadium bond

With the bond offering a 15.04% interest rate and backed by the state, he projected that interest payments alone could exceed KSh 100 billion over 15 years, pushing the total repayment past KSh 144 billion.

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He condemned the plan as economically reckless, pointing to escalating national debt, minimal interest from private investors, and reported pressure on the NSSF to channel pension funds into the project.

Nyoro likened the move to previous hidden liabilities and accused the government of prioritising political motives.

Source: TUKO.co.ke