President Ruto cancels Adani Group takeover deals with JKIA, KETRACO
- Published By Jedida Barasa For The Statesman Digital
- 4 weeks ago
President William Ruto has ordered the immediate cancellation of all Adani Group deals.
This includes the signed deal between KETRACO and Adani Group as well as the planned takeover of Jomo Kenyatta International Airport.
During his State of the Nation Address on Thursday, the president said the decision was attributed to credible evidence from the relevant agencies.
He noted that the ongoing deals with the Adani Group could not continue with such insurmountable evidence.
The United States government charged Gautam Adani, chair of Indian conglomerate Adani Group for allegedly paying Ksh.30 billion in bribes to the Indian government to obtain solar energy supply contracts.
"In the face of undisputed evidence or credible information on corruption, I will not hesitate to take action. Based on the new information provided by investigating agencies and partnering nations that the procuring agencies within Ministry of Transport and Energy immediately cancel the ongoing process for the JKIA PPP deal and KETRACO deal," he said.
Share on
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
How to deal with a silent...
- Published By Jedida
- October 16, 2024
How to set yourself up fo...
- Published By Jedida
- October 16, 2024
Postpartum Hemorrhage: Si...
- Published By Jedida
- October 16, 2024
Study reveals long term e...
- Published By Jedida
- October 16, 2024
Latest Stories
Kimani Ichung’wah calls f...
- Published By Jedida
- December 23, 2024
President Ruto announces...
- Published By Jedida
- December 23, 2024
EPL 24/25: Chelsea draw 0...
- Published By Jedida
- December 23, 2024
EPL 24/25: Liverpool beat...
- Published By Jedida
- December 23, 2024