SENATE REPORT ON ADANI/JKIA TAKEOVER.

In the recent senate report on the Adani Group’s proposed takeover of JKIA ha raised several concerns, leading to a temporary suspension of the deal. Key recommendations from the senate and PIC include conducting a special Audit to examine the procurement process, assess the fairness of adani selections and evaluate whether project aligns with Kenya’s broader public interest.

The report flagged issues such as the lack of transparency in how alternative biders were sidelined and questioned the feasibility and suitability of the privately initiated proposal PIP from Adani. There were also concerns about future of Kenya Airports Authority employees and how the deal may affect Kenya Airways and other airports operators.

Adani have been asked to address several issues before the project can proceed, that includes tax compliance, transparency in public participation and providing details financial models the investment. A special Audit is to take place and next step will depend on the findings this audit. Which is to ensure that public resources are managed responsibly.

The Senate emphasized the importance of protecting public trust, and further discussions on the deal will take place after the results of the special Audit are reviewed.

  • Waren.com

    Africa Gossip Brings You Information Across The Globe.

    Related Posts

    STARLINK STOPS NEW SUBSCRIPTION IN NAIROBI AND NEIGHBOURING AREAS.

    Starlink of Elon Musk has paused new subscription in Nairobi and nearby areas due to network capacity issues. The decision likely stems from higher than expected demands wich can strain…

    KAMALA HARIS AND DONALD TRUMP HEAT AND RACE.

    As the 2024 presidential race heats up for tomorrow’s election in U.S, polls indicates that Kamala Haris and Donald Trump are in a close contest. National polling averages shows Haris…

    One thought on “SENATE REPORT ON ADANI/JKIA TAKEOVER.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    BURKINA FASO GOVERNMENT DISSOLUTION.

    BURKINA FASO GOVERNMENT DISSOLUTION.

    DCI OFFICER ASSAULTS JOURNALIST.

    DCI OFFICER ASSAULTS JOURNALIST.

    KIM YONG-HYUN RESIGNS.

    KIM YONG-HYUN RESIGNS.

    MARTHA KARUA IN UGANDA MILITARY COURT WITH HIS CLIENT KIZZA BESIGYE.

    MARTHA KARUA IN UGANDA MILITARY COURT WITH HIS CLIENT KIZZA BESIGYE.

    VINCENT MERITON BACKS ODINGA AUC.

    VINCENT MERITON BACKS ODINGA AUC.

    WILLIAM RUTO ELECTED EAC CHAIRPERSON.

    WILLIAM RUTO ELECTED EAC CHAIRPERSON.