Treasury CS John Mbadi outlines out 22 conditions for Adani to get JKIA lease deal.

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.

Waren.com

Africa Gossip Brings You Information Across The Globe.

Related Posts

Former CS Justin Muturi Accuses President Ruto of Pressuring Him to Approve Irregular Deals.

Former Cabinet Secretary Justin Muturi has come forward with explosive claims that President William Ruto and his allies pressured him into approving irregular government deals. In a revelation that could…

Justin Muturi: “William Ruto is a Very Dangerous Character. Unfit to be President and Irredeemably Corrupt”

In a fiery statement that has sent shockwaves through Kenya’s political landscape, former minister Justin Muturi has launched a scathing attack on President William Ruto, calling him “a very dangerous…

Leave a Reply

Your email address will not be published.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

You Missed

Former CS Justin Muturi Accuses President Ruto of Pressuring Him to Approve Irregular Deals.

Former CS Justin Muturi Accuses President Ruto of Pressuring Him to Approve Irregular Deals.

Justin Muturi: “William Ruto is a Very Dangerous Character. Unfit to be President and Irredeemably Corrupt”

Justin Muturi: “William Ruto is a Very Dangerous Character. Unfit to be President and Irredeemably Corrupt”

President Ruto Assures Resolution of Waqf Issues Amid Legal Clarifications by Muturi.

President Ruto Assures Resolution of Waqf Issues Amid Legal Clarifications by Muturi.

China Warns U.S. of Retaliation Amid Growing Tensions.

China Warns U.S. of Retaliation Amid Growing Tensions.

Authorities Take Action to Maintain Clean and Orderly Public Spaces.

Authorities Take Action to Maintain Clean and Orderly Public Spaces.

Gunners Stunned! West Ham Crushes Arsenal’s Title Dreams in Emirates Shocker London.

Gunners Stunned! West Ham Crushes Arsenal’s Title Dreams in Emirates Shocker London.