According to an economic advisor to Kenya’s president, the Adani Group of India and a division of the African Development Bank have been granted a concession under a public-private partnership to construct power transmission lines.<\/p>\n
President William Ruto’s chief economic adviser, David Ndii, stated in a post on X that the concession is valued at $1.3 billion. The African Development Bank and the Adani Group did not immediately respond to Reuters’ request for comment made outside of regular business hours.<\/p>\n
Kenyans are outraged over a government proposal to lease the nation’s main international airport to the Adani Group, and the country’s aviation industry has gone on strike.<\/p>\n
According to the plan, the Adani Group will lease the Jomo Kenyatta International Airport for 30 years in exchange for Adani investing $1.85 billion in the airport’s expansion. Kenya is struggling with a high debt load accumulated from years of splurging on infrastructure.<\/p>\n
Opposition parties frequently criticize the Adani group, which runs seven airports in India, for receiving preferential treatment from governing bodies. The Adani group and Indian officials refute such allegations.<\/p>\n