Kenya scraps Adani deals

'In August 2024, company had...' - Adani Group on reports of Kenya dropping $2.5 billion deals after US indictment
Adani Group companies on Saturday issued a clarification on media reports claiming that Kenya has dropped over $2.5 billion deals after billionaire Gautam Adani’s US indictment. US prosecutors indicted Adani,
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest me
Kenya Cancels all PPP Contracts Signed with Subsidiaries of India’s Adani Group
It follows the indictment of billionaire Gautam Adani in New York on Wednesday. President William Ruto announced that the controversial multimillion-dollar deals in the energy, transport and health sectors would be scrapped during his state of the nation address to parliament on Thursday.
Kenya Scraps $2.6 Billion Adani Deals in Wake of US Indictment
Kenyan President William Ruto canceled two deals with Adani Group worth about $2.6 billion over alleged corruption, hours after the company’s billionaire founder was charged by the US authorities in a separate bribery scheme.
Kenya scraps Adani deals as Ruto attempts to reset presidency
Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals with India's Adani Group and vowing to tackle corruption, police kidnappings and gender-based violence.
Kenya's president cancels major deals with Adani Group
Kenya's President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US prosecutors. In his state-of-the-nation address on Thursday, Ruto said the deals had been cancelled based on "new information provided by our investigative agencies and partner nations".
Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal
Indian billionaire Gautam Adani has been indicted for fraud by U.S. prosecutors and arrest warrants issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
Kenya: Why Ruto cancelled the Adani deals
The president’s announcement came a day after Gautam Adani, the chair of the Indian conglomerate, was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme.
Kenya drops over $2.5b of Adani deals after US indictment
Kenyan President 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
Kenya Scraps Airport, Power Deals With India's Adani Group: President
Kenyan President William Ruto on Thursday scrapped controversial deals with India's embattled Adani Group over Nairobi's Jomo Kenyatta International Airport (JKIA) and a state-owned electricity service.
The Star5h
Mbadi: Kenya will not incur losses in scrapped Adani deals
This has been enabled by Privately Initiated Partnership procurement arrangement the country was using to engage Adani.
The Daily Star4h
Kenya drops over $2.5 billion of Adani deals after US indictment
Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process that had been ...
India Today on MSN19h
Adani, George Soros and Kenya: US bribery charge a coincidence or conspiracy?
While there is no direct evidence linking George or Alex Soros to Kenya’s decision to cancel the Adani deal, the timing of ...
Businessworld2h
What Does The Adani Indictment Say About US?
Once again Adani is in the news – for the wrong reasons. Over the last few years there have been multiple controversies in ...
Whistleblower Nelson Amenya celebrated as a hero for exposing the secret Adani deal for Kenya’s airport
Kenya canceled a $2 billion airport deal with Adani Group after whistleblower Nelson Amenya exposed secretive negotiations ...
The Africa Report5d
Morocco, Kenya, Tanzania… Does the Adani Group really have an Africa strategy?
Some of Indian billionaire Gautam Adani’s African projects have been criticised or not carried out at all, casting doubt on ...
Adani Group bonds fall for 2nd day after US indictment spooks investors
Adani Group bonds were pressured for a second session, following the indictment of Gautam Adani by US prosecutors over an ...