Adani Group, one of India’s largest and most powerful companies, has been making big moves in Africa. With a valuation of over $150 billion, the conglomerate has built a vast network across Asia and Africa, investing in infrastructure, energy, and real estate. However, in late November, this expansion hit a roadblock when Kenyan President William Ruto canceled contracts worth around $2.5 billion. These deals were crucial for Adani’s growth in Africa, and their sudden cancellation has sparked intrigue and speculation about what really happened.
What Happened in Kenya?
Adani Group has secured two major contracts in Kenya:
A $736 Million Power Transmission Deal: Adani was set to partner with Kenya Electricity Transmission Company Limited (KETRACO) to build three high-voltage power transmission lines. This project, designed as a 30-year partnership, also included financing two power stations in Kisumu and Kajiado counties.
A $1.85 Billion Airport Expansion: Adani planned ...
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