Adani Energy Solutions: We’ve not ‘entered into any contract in connection with any airport in Kenya’
US authorities on Wednesday indicted Adani Group founder Gautam Adani and seven others, alleging they paid $265 million in bribes to Indian officials. The group denied the allegations.
How Gautam Adani’s boast about his company being on track ‘to become world’s largest renewables player by 2030’ caught FBI attention
The alleged hundreds of millions of dollars in bribes promised to local Indian officials caught the attention of the US Justice Department and Securities and Exchange Commission as Adani’s companies were raising funds from US-based investors in several transactions starting in 2021.
Kenya’s President Ruto quashes three mega-dollar tenders controversially awarded to Adani Group
Adani Energy Solutions in October signed a 30-year, $736 million public-private partnership deal with the Kenya Electrical Transmission Company. A court suspended the contract in the same month after questions were raised about the transparency of the controversial deal.
Kenyan lender KCB Group nine-month profit rises to $445 million from $314.7 million
It said loan-loss provisions rose to 17.78 billion shillings from 15.85 billion shillings in the year-ago period.
Indian billionaire Adani, who’s won porky tenders in Kenya, charged in US for defrauding investors
Th Adani Group is currently facing fraud charges in Kenyan court after it was controversially awarded a slew of porky tenders for upgrade of the East African country’s main airport, power generation and distribution and health insurance.
Senior government says Kenya looking for fresh $750m from World Bank, $200m from AfDB
Raphael Owino, the director general of the Finance Ministry’s public debt management office, said the IMF’s October approval of the seventh and eigth reviews, which paved the way for a $606 million loan
Kenya eyes budget deficit of less than 3.8 per cent of gross domestic product in next fiscal year
The fiscal target for the next year will be lower than the 4.3 per cent of GDP in this financial year. The government was forced to raise the budget deficit for this year after deadly protests that forced President William Ruto to abandon proposed tax hikes.
Kenyan president’s key American ‘saleswoman’, Ambassador Meg Whitman, quits to signal imminent hard times for Nairobi
Former US Ambassador to Kenya Smith Hempstone (1989-1993) was a darling of the opposition due to his open and strong support, both materially and politically, to the democratic movements at the time in Kenya.
To some Kenyans, Raila has already lost AUC chairmanship before a vote is cast but numbers tell a different story
Early indications are Raila is going to have roller-coaster. I would not be surprised if the Djiboutian pulled out of the race and supported Raila. The odds are against him and he is aware of the sheer force of numbers the Kenyan candidate commands.
Nairobi’s vehicles with modified with ramps and swivel seats are a relief for disabled commuters
Users can book rides through the Ace Mobility app. Drivers are trained as caregivers, ensuring they understand how to provide respectful and appropriate assistance to passengers with disabilities.
