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Headline : Kenya cancels more than $2.5bn in deals with Adani after US indictment

Read more from the original article on here at www.aljazeera.com.





Tags : #kenya #cancels #than #25bn #deals #adani #us #indictment


No. of Paragraph 29

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.

Read more from the original article on here at www.aljazeera.com.


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