Treasury CS John Mbadi outlined 22 conditions that Indian company Adani must meet before securing a lease to operate Jomo Kenyatta International Airport (JKIA).
These conditions are based on the Public Private Partnerships (PPP) Act, 2021, which requires a comprehensive due diligence process. Some of the key requirements include verifying that Adani is not barred by any country or international organization, is tax compliant, and has no history of corruption or insolvency.
Additionally, the company must ensure its directors have no criminal records.
Adani has pledged to invest Ksh 238 billion to upgrade JKIA under a Build-Operate-Transfer model. However, the deal has sparked controversy and legal challenges, with critics, including the Kenya Human Rights Commission and Law Society of Kenya, arguing that leasing such a strategic national asset is irrational.
The Senate has also raised concerns about the transparency of the negotiations, which are still in the stakeholder engagement phase, and a court ruling on the deal is expected in early October.