Kenya scraps airport, power deals with Adani after US fraud indictment
Sat, Nov 23 2024
Kenya scraps airport, power deals with Adani after US fraud indictment
Kenya's president has announced the cancellation of two major infrastructure deals with India's Adani Group, after US prosecutors charged its founder Gautam Adani and his associates with fraud over a 250 million dollar corruption scheme. The scandal has wiped more than 20 billion dollars off Adani's ten listed companies combined market value overnight. Plus, it's the third Thursday of November, the official uncorking day for this year's Beaujolais Nouveau. Half of the wine is exported.
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