Kenya cancels airport and energy deals with Adani group

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 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.
Kenya's president cancels major deals with Adani Group
Kenya's President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US prosecutors. In his state-of-the-nation address on Thursday,
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.
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' allegations, saying it
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,
Indian Billionaire Gautam Adani’s Company Says He Hasn’t Been Charged For Violating U.S. Corruption Law
Adani Green Energy said that contrary to media reports, its chairman Gautam Adani and his aides have not been charged for ...
India West10h
Adani Bribery Fallout: Cancellations and Dropped Investments
Internationally, the crisis has led to significant setbacks for Adani’s global operations. Kenyan President William Ruto ...
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 ...
AFP on MSN5d
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 ...
Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal
Indian billionaire Gautam Adani has been indicted for fraud by U.S. prosecutors and arrest warrants issued for him and his ...
Business Daily Africa1d
Adani terms Sh637bn lost in Kenya deal immaterial
President Ruto ordered the cancellation of a procurement process that had been expected to award control of Kenya’s main airport to India’s Adani Group.
The Gazette1d
India suspends parliament again in row over U.S. action on Adani
adding that it was not informed of the U.S. bribery allegations against Gautam Adani. Kenya has also cancelled a ...
U.S. News & World Report3d
US SEC Issues Summons for India's Adani, Nephew on Bribery Allegations
The fallout was felt immediately, as billions of dollars were wiped off the market value of Adani Group companies and ...