Kenya cancels Adani Group's $2.5-billion deals in wake of U.S. indictment
The decision sparked widespread jubilation in the House, with both Senators and Members of Parliament chanting “Adani Must Go,” briefly interrupting the President's speech.
The decision sparked widespread jubilation in the House, with both Senators and Members of Parliament chanting “Adani Must Go,” briefly interrupting the President's speech.
This partnership is aimed at bolstering Kenya's power infrastructure and underscores Adani's expanding presence in Africa.
Indian billionaire Gautam Adani's $1.85-billion unsolicited bid has faced backlash from Kenyans.
This clarification comes after a presidential adviser previously suggested that deals worth up to $1.3 billion had been finalized.
The Law Society of Kenya (LSK) and the Kenya Human Rights Commission (KHRC) filed a joint application urging the court to block the agreement.
The Kenya entry supports India's second-richest man, Gautam Adani's goal of modernizing airport infrastructure in the region.
Indian billionaire Gautam Adani has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.
The UAE-incorporated East Africa Gateway was established to spearhead Adani Group’s interests in East Africa and the broader African continent.
Dangote is presently not only the richest man in Africa, but also the richest Black man in the world.