Kenya cancels airport and energy deals with Adani group

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.
Adani Energy Solutions says no material impact from Kenya energy deal cancellation
Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business.
Kenya Scraps $2.6 Billion Adani Deals in Wake of US Indictment
Kenyan President William Ruto canceled two deals with Adani Group worth about $2.6 billion over alleged corruption, hours after the company’s billionaire founder was charged by the US authorities in a separate bribery scheme.
Kenya scraps Adani deals as Ruto attempts to reset presidency
Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals with India's Adani Group and vowing to tackle corruption, police kidnappings and gender-based violence.
Kenya drops over $2.5 billion of Adani deals after US indictment
By George Obulutsa and Aaron Ross NAIROBI (Reuters) -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.
Kenya cancels Adani deals after US indictment
It follows accusations that Adani was scheming to pay over $250 million in bribes to Indian government officials, which he denies.
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 is already reeling from allegations of bribery by US authorities.
Kenya: Why Ruto cancelled the Adani deals
The president’s announcement came a day after Gautam Adani, the chair of the Indian conglomerate, was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme.
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,
Billionaire Gautam Adani’s Fortune Shrinks $16 Billion Amid Fallout From Bribery Case
Since the bribery indictment last week, Indian billionaire Gautam Adani's net worth has tumbled almost $16 billion to about ...
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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' ...
Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal
Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been ...
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Gathoni Wamuchomba, Other Leaders Pledge Support for Viral Boy Who Opposed JKIA-Adani Deal
Githunguri MP Gathoni Wamuchomba and other leaders have pledged to support Henry Omondi following the cancellation of Adani deals by President William Ruto.