Following President William Ruto’s announcement of the cancellation of the Airport Expansion and Energy deals with the Adani group, there have been speculations on the impact this will have. As such,

Kenyan President William Ruto sought Thursday to turn the page on a difficult year, cancelling controversial deals with India's Adani Group and vowing to tackle corruption, police kidnappings and gender-based violence.

Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men.

The president’s announcement came a day after Gautam Adani, the chair of the Indian conglomerate, was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme.

(Reuters) - Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business.

Kenya's President William Ruto cancelled major airport and energy deals with Indian tycoon Gautam Adani following US bribery and fraud charges. The move, based on information from investigative agencies,