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Short Summary: Kenya drops over $2.5 billion of Adani deals after US indictment
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Date Occurred: Nov 21, 2024


NAIROBI, Nov 21 (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.

Under the proposed deal worth nearly $2 billion, the Adani Group was to add a second runway at the Jomo Kenyatta international airport and upgrade the passenger terminal in exchange for a 30-year lease.

 

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