Kenya cancels deal with Adani Group

Kenya has canceled a deal worth nearly $2billion with Adani Group after its founder was indicted in the United States.

Kenyan President William 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.

“I have directed agencies within the Ministry of Transport and within the Ministry of Energy and Petroleum to immediately cancel the ongoing procurement,” Ruto said, attributing the decision to “new information provided by investigative agencies and partner nations”.

Representatives from the Adani Group did not immediately respond to a request for comment.