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Kenya's president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia's richest men. President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States. The Adani group had been in the process of signing an agreement that would modernize Kenya's main airport in the capital, Nairobi, with an additional runway and terminal constructed, in exchange for the group running the airport for 30 years. The widely criticised deal had sparked anti-Adani protests in Kenya and a strike by airport workers, who said it would lead to degraded working conditions and job losses in some cases. The Adani group had also been awarded a deal to construct power transmission lines in Kenya, East Africa's business hub. Also Thursday, Energy Minister
Adani would also be allocated land to build hotels and businesses to compliment the airport, as well as being granted favorable tax treatment from the Kenyan government
Kenya has awarded a $1.3 billion public-private partnership contract to India's Adani Group and Africa50 for the construction of power transmission lines
The parties also argue that the $1.85 billion deal between the government and Adani Airport is unaffordable, threatens job losses, exposes the public disproportionately to fiscal risk
The Kenya Aviation Workers Union, which represents airport workers, said the proposed agreement announced last month with India's Adani Airport Holdings would lead to job losses
German agrochemicals giant Bayer on Monday said it has agreed to collaborate with Dutch potato breeding company Solynta for commercialisation and distribution of true potato seeds in Kenya and India. The partnership marks Bayer's entry into the global potato market and represents its first collaboration with Solynta, a specialist in developing hybrid potato varieties. According to Bayer, the initiative aims to introduce true potato seeds as an alternative to traditional seed tubers. These seeds require only 25 grams per hectare compared to 2,500 kg of seed tubers, offering significant logistical and disease-control advantages. Bayer will leverage its distribution networks in Kenya and India to commercialise Solynta's hybrid potato varieties, targeting smallholder farmers in remote areas, it said in a statement. "We expect these true potato seeds to have a positive impact on local communities and on food and nutritional security in Kenya and India," Bayer's Crop Science Division Hea
India and Kenya agree that there are many multilateral forums through which the two countries can work together, President Droupadi Murmu said on Tuesday, emphasising that both nations share common views on major global issues. Murmu received visiting President of Kenya William Samoei Ruto at the Rashtrapati Bhavan on Tuesday and hosted a banquet in his honour. In her welcome address, Murmu emphasised that the two countries must work together, not only for the well-being and progress of the people of the two nations but also for the citizens of the Global South. Highlighting common views shared by both the countries on major global issues, and close cooperation in regional and multilateral fora such as the United Nations, Murmu said, "We are very happy that under India's Presidency the African Union has been included in the G20 as full member". "Both leaders agreed that there are many other multilateral forums through which the two countries can work together," according to a ...
The Defence Minister's remarks came during a bilateral meeting with the Cabinet Secretary for Kenya's Ministry of Defence Aden Bare Duale
The Indian oil company needs more clarity after TotalEnergies SE and Africa Oil Corp. quit the Kenya consortium several weeks ago, an ONGC executive, who asked not to be named
With recovery in international tourism, Kenya is expecting the tourist footfalls from India to cross the pre-pandemic level this year, Kenya Tourism Board has said. "India is important for us as it is the fifth largest source market in terms of footfalls as well as spending," Kenya Tourism Board acting director - market development, Fiona Ngesa told PTI here. In 2019, Kenya had hosted 1.22 lakh tourists from India and over 20 lakh overall international travellers, she said adding in 2020, there was a standstill due to the pandemic but thereafter from 2021 there has been a steady rise in visitors footfalls. In 2021, Kenya hosted 40,000 visitors from India followed by 83,000 in 2022, she said. "There is a steady increase in footfalls from India and this year we expect the visitor numbers to cross the pre-pandemic level. We are targeting 100 lakh footfalls of overall international travellers by 2027," she added. The African country's top source markets are North America, Uganda, ...
Narendra Modi and Kenyan President Uhuru Kenyatta also led delegation level talks