- Adani Group denies reports of a signed deal to operate Kenya’s main airport.
- Clarifies ongoing discussions for airport project but no binding agreement yet.
- Responds to news of Kenya cancelling a procurement process following US bribery charges.
Adani Group responded on November 23, clarifying that it has not signed any binding agreement to operate Kenya’s main airport, despite recent reports suggesting the cancellation of a $2.5 billion deal. The clarification comes after Kenyan President William Ruto ordered the cancellation of a procurement process related to the airport deal in light of bribery charges against Adani Group’s founder, Gautam Adani, in the US.
While Adani Group has established a subsidiary in Kenya and is in discussions regarding the airport project, it confirmed that no formal contract has been signed for the operation of Nairobi’s Jomo Kenyatta International Airport. Additionally, the company emphasized that a recent contract to build electricity transmission lines in Kenya is not subject to disclosure requirements under Indian regulations, and therefore, there’s no need to confirm or deny cancellation.
The Adani Group also stressed that if the airport project were to be cancelled, it would not require disclosure under SEBI regulations. The deal, valued at nearly $2 billion, was set to expand the airport’s infrastructure with a new runway and terminal upgrades.
