Kenya Cancels Adani Group Deals
Kenya has officially terminated multimillion-dollar airport and energy agreements with the Adani Group, a company owned by embattled Indian tycoon Gautam Adani.
President William Ruto announced the decision on Thursday during a state of the nation address, citing “new information provided by investigative agencies and partner nations.”
Kenya Cancels Adani Group’s Airport Modernization Deal
Kenya has canceled the Adani Group’s airport modernization deal, which aimed to overhaul the main airport in Nairobi. The proposed plan included building a new terminal and adding an extra runway. In exchange, the Adani Group would have operated the airport for 30 years.
However, strong opposition quickly emerged. Airport workers went on strike, and anti-Adani protests erupted across the country. Concerns over job losses and declining working conditions fueled the protests. As a result, the growing resistance led to the deal’s eventual cancellation.
Focus on Kenya’s Energy Sector
The Adani Group also received a contract to construct power transmission lines in Kenya. Despite the project’s termination, Energy Minister Opiyo Wandayi assured parliament that no corruption or bribery had occurred in Kenya’s part of the agreement.
Fraud Allegations Against Gautam Adani
The U.S. indictment against Gautam Adani this week revealed charges of securities fraud and conspiracy. Adani allegedly misled investors in a large-scale solar energy project in India by concealing that it was part of a bribery scheme.
This indictment raised international scrutiny, leading Kenya to reevaluate its dealings with the billionaire’s company.
In his address, President Ruto spoke on Kenya’s commitment to progress, tweeting:
“We have made undeniable progress in our country. However, there remains much to be done. We must continue working together to hasten the delivery of our commitments and change Kenya. Our forward march is unstoppable.”
This decisive move marks a significant step toward ensuring transparency and safeguarding Kenya’s national interests in high-stakes international partnerships.
Moreover, it shows the government’s commitment to holding foreign partners accountable, while also reinforcing the need for more sustainable and mutually beneficial agreements.
Consequently, this action sets a critical precedent for future negotiations and international collaborations.
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