Source: Al Jazeera [Qatari state media]
“Kenyan President William Ruto has ordered the cancellation of a procurement process that had been expected to award control of the country’s main airport to India’s Adani Group after its founder was indicted in the United States. Ruto made the announcement on Thursday in his state of the nation address. Under the proposed deal worth nearly $2bn, the Adani Group was to add a second runway at Jomo Kenyatta International Airport and upgrade the passenger terminal in exchange for a 30-year lease. Ruto also said he was cancelling a separate 30-year, $736m public-private partnership that an Adani Group firm signed with the Ministry of Energy and Petroleum last month to construct power transmission lines. … US authorities said in the indictment on Wednesday that group founder Gautam Adani, one of the world’s richest people, and seven other defendants agreed to pay about $265m in bribes to Indian government officials.” (11/21/24)