Thu Nov 21 19:36:19 UTC 2024: **Kenya Cancels Adani Group Contracts Amidst US Corruption Allegations**
NAIROBI, KENYA— Kenyan President William Ruto announced Thursday the cancellation of two major contracts awarded to the Adani Group, an Indian conglomerate currently facing corruption allegations in the United States. The cancelled projects include a $736 million electricity transmission line contract and a contract to manage the Jomo Kenyatta International Airport.
The electricity contract was a public-private partnership, while the airport contract faced significant public opposition leading to its temporary suspension. President Ruto’s decision follows mounting pressure and widespread concerns about the Adani Group’s dealings. The exact reasons for the cancellation weren’t explicitly stated, but it comes on the heels of the ongoing US corruption investigation involving Gautam Adani, the head of the Adani Group. The move represents a significant setback for the Adani Group’s expansion plans in Africa.
First Piper 