Kenya’s president said Thursday that 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.

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Kenya cancels airport and energy deals with Adani group after the U.S. indicts the tycoon

President William Ruto said he had also directed the cancellation of a 30-year, $736-million public-private partnership deal the energy ministry had signed with a unit of the Adani Group last month to construct power transmission lines

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Kenya cancels proposed deals with Adani Group after U.S. indictments

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Kenya Cancels Proposed Deals With Adani Group After US Indictments

The Adani Group on Saturday clarified on reports of Kenya cancelling more than $2.5 billion in deals after the US' allegations, saying it had not entered into any binding agreement to operate Kenya's main airport. 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, thereby not warranting any d…

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Kenyan President William Ruto said the decision was made on the basis of new information provided by the country's investigative agencies and partner nations.

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Kenya cancels airport and energy deals with Adani group after the US indicts the Indian tycoon

Associated Press NAIROBI, Kenya (AP) — 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. President William Ruto in a state of the nation address said the decision was made “based on new information provided by our investigative agencies and partner nations.” He didn’t specify the United States. …

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NAIROBI, Kenya (AP) -- Kenya's president said Thursday 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.

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Kenyan President William Ruto said on Thursday he had 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.

Under the proposed deal to expand the main Nairobi airport, Adani was to add a second runway at the Jomo Kenyatta international airport and upgrade the passenger terminal.

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Kenya president orders cancellation of airport, power deals with Adani group after US indictment

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Kenya cancels airport and energy deals with Adani group after US indicts tycoon

Kenyan President William Ruto has ordered the cancellation of several proposed deals with the Adani Group after the US indicted industrialist Gautam Adani in a bribery case.

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Kenya cancels airport and energy deals with Adani group after US indicts tycoon

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