Kenya cancels airport and energy deals with Adani group

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,
Kenya cancels airport and energy deals with Adani group after the US indicts the Indian billionaire
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 men.
No Binding Agreement For Any Airport Project In Kenya, Adani Group Says
The Adani Group on Saturday clarified on reports of Kenya cancelling more than $2.5 billion in deals after the US' allegations, saying it
Adani Energy Solutions says no material impact from Kenya energy deal cancellation
President William Ruto also said on Thursday he had ordered the cancellation of a procurement process that had been expected to award control of Kenya's main airport to India's Adani Group.
Adani Group Denies Binding Agreement For Kenya Airport Amid Cancellation Reports
The Adani Group clarified it had no binding agreement for Kenya's main airport after reports of cancelled $2.5 billion deals linked to US bribery charges. It stated Kenya's power transmission project cancellation doesn’t require SEBI disclosure.
Never entered into pact to operate airport in Kenya: Adani Group
On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi's disclosure regulations,
‘Adios Adani!’ Bribery charges threaten group’s Africa ambitions
Amenya also criticised Adani for submitting a “privately initiated proposal” for the airport concession, rather than ...
Indian Billionaire Gautam Adani’s Company Says He Hasn’t Been Charged For Violating U.S. Corruption Law
Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for ...
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Adani Group says it lost nearly US$55 billion as US charges sparked rout
India's Adani Group conglomerate said on Wednesday (Nov 27) it had lost almost US$55 billion in a stock market rout since US prosecutors last week accused its founder and other officials ...
Major fallout for India's Adani Group after U.S. bribery indictment
Some nations and investors have either scrapped deals or halted investments in the Adani Group, after the United States ...
Kenya terminates Adani Group deals after US bribery allegations against Gautam Adani
Kenya has terminated two high-profile agreements with India’s Adani Group, intensifying scrutiny on the conglomerate, which ...
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Adani Group's Financial Turmoil and Global Repercussions Amid Bribery Charges
The Adani Group is facing global scrutiny as nations and investors distance themselves following U.S. charges against its ...
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Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon
The Adani group had been in the process of signing an agreement that would modernize Kenya’s main airport in the capital, Nairobi, with an additional runway and terminal constructed, in exchange ...