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Kenya terminates Adani Group deals after US bribery allegations against Gautam Adani

Invezz Thursday, 21 November 2024 ()
Kenya has terminated two high-profile agreements with India’s Adani Group, intensifying scrutiny on the conglomerate, which is already reeling from allegations of bribery by US authorities. Kenyan President William Ruto announced on Thursday that his government had canceled the procurement process for expanding Nairobi’s Jomo Kenyatta International Airport and a $700 million deal for constructing […]
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News video: KENYAN PRESIDENT CANCELS MAJOR ELECTRICITY AND AIRPORT DEALS

KENYAN PRESIDENT CANCELS MAJOR ELECTRICITY AND AIRPORT DEALS

 President William Ruto has canceled two main deals involving Jomo Kenyatta International Airport (JKIA) and the Kenya Electricity Transmission Company (Ketraco) with Indian billionaire Gautam Adani after he was indicted for fraud by U.S. prosecutors.Adani was accused of orchestrating a U.S.$250...

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