Key Points
Billionaire Gautam Adanis proposal to run Kenyas main airport has sparked protests, Senate hearings and lawsuits against the group controlled by Asias second-richest man, even as it bags a deal to construct high-voltage power transmission lines in the East African nation...
A court has already frozen Adanis unsolicited bid to expand Jomo Kenyatta International Airport, while strikes at the facility and criticism from opposition lawmakers has forced the government to defend the opaque circumstances surrounding the deal..
It comes amid allegations that Adanis $203 billion empire is under a Swiss probe for money laundering, which the group denies...
Even as Senators decried the airport deal, a presidential adviser announced that the Kenya Electricity Transmission Co. recently awarded Adani Group and a unit of the African Development Bank a $1.3 billion public-private partnership concession to construct high-voltage power lines...
Terms of the airport proposal include Adani taking an 18% equity stake in JKIA and winning an undertaking that no competing airport will be built for 30 years, according to the court documents arguing against the deal, which included details of the leaked Adani offer...
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