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Kenya’s government has canceled all public-private partnership contracts signed with subsidiaries of India’s Adani Group. It follows the indictment of billionaire Gautam Adani in New York on Wednesday.
President William Ruto announced controversial multimillion-dollar deals in the energy, transport and health sectors would be scrapped during his state of the nation address to parliament on Thursday. He cited the emergence of “credible information on corruption.”
The US Department of Justice has accused Adani of scheming to pay more than $250 million in bribes to Indian government officials to secure solar energy supply contracts, and lying to US investors to finance the project. Adani Group has denied the allegations.
Adani Energy Solutions last month signed a $736 million deal to build and operate Kenyan power infrastructure. And another subsidiary this year secured a $1.85 billion lease to upgrade and run the country’s largest airport in a 30-year concession. Both deals had been halted by legal challenges.
