President William Ruto inspects a guard of honour mounted by Kenya Airforce during the State of the Nation address at Parliament on November 21, 2024. Ruto, the head of an administration which had just hours earlier vowed to continue with the multi-billion Adani group deals through hook or crook, directed for the immediate cancellation of the pacts. Energy Cabinet Secretary Opiyo Wandayi had just hours earlier told a house committee that the government’s controversial energy deal with Indian firm Adani Energy Solutions Limited will go on despite the firm's indictment in the United States of America over a multi-million-dollar fraud scheme. By dint of his pronouncement on the floor of the House in the afternoon, Ruto canceled deals worth approximately Sh334 billion with the Indian based group. The match in the powder barrel may have come after the United States government indicted Adani Group’s Gautam Adani and other executives over their roles in a multi-billion-dollar fraud scheme.

Source: Standard Digital November 22, 2024 00:28 UTC