Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

Kenya cancels proposed deals with Adani Group after U.S. indictments

by
November 21, 2024
in Stock
0
Kenya cancels proposed deals with Adani Group after U.S. indictments
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

NAIROBI (Reuters) -Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to India’s Adani Group following the indictment of the company’s founder in the United States.

Ruto said he had also directed the cancellation of a 30-year, $736-million public-private partnership deal the energy ministry had signed with a unit of the Adani Group last month to construct power transmission lines.

“”I have directed agencies within the ministry of transport and within the ministry of energy and petroleum to immediately cancel the ongoing procurement,” Ruto said in his state of the nation address, attributing the decision to “new information provided by investigative agencies and partner nations”.

U.S. authorities said on Wednesday that Gautam Adani, one of the world’s richest people, and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.

Adani Group denied the allegations and said in a statement that it would seek “all possible legal recourse”.

Earlier on Thursday, Energy Minister Opiyo Wandayi had said there was no bribery or corruption involved in the award of the transmission lines contract.

This post appeared first on investing.com
Previous Post

UBS flags ‘sluggish’ Europe growth as it takes $170 million credit hit

Next Post

Cardinal Farrell named administrator to address Vatican pension financial challenges

Next Post
Cardinal Farrell named administrator to address Vatican pension financial challenges

Cardinal Farrell named administrator to address Vatican pension financial challenges

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Tesla agrees to first deal to build China’s largest grid-scale battery power plant

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Tesla agrees to first deal to build China’s largest grid-scale battery power plant

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

June 21, 2025
Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

June 20, 2025
Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

June 20, 2025
Nike pushes back Skims launch with Kim Kardashian due to production delays

Nike pushes back Skims launch with Kim Kardashian due to production delays

June 19, 2025

Recent News

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

June 21, 2025
Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

June 20, 2025
Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

June 20, 2025
Nike pushes back Skims launch with Kim Kardashian due to production delays

Nike pushes back Skims launch with Kim Kardashian due to production delays

June 19, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved