The Fort Worth Press - Kenya scraps Adani deals as Ruto attempts to reset presidency

USD -
AED 3.672977
AFN 68.000338
ALL 93.019769
AMD 388.466711
ANG 1.802136
AOA 913.507442
ARS 1004.024015
AUD 1.53468
AWG 1.8025
AZN 1.702233
BAM 1.859028
BBD 2.018819
BDT 119.494913
BGN 1.86488
BHD 0.376867
BIF 2897.5
BMD 1
BND 1.343751
BOB 6.909335
BRL 5.814302
BSD 0.999857
BTN 84.485602
BWP 13.651378
BYN 3.272548
BYR 19600
BZD 2.015674
CAD 1.39568
CDF 2870.000091
CHF 0.886604
CLF 0.035278
CLP 973.429703
CNY 7.237203
CNH 7.253685
COP 4391
CRC 508.292544
CUC 1
CUP 26.5
CVE 105.62499
CZK 24.195026
DJF 177.720257
DKK 7.115305
DOP 60.4023
DZD 133.588994
EGP 49.668496
ERN 15
ETB 123.093572
EUR 0.95385
FJD 2.27125
FKP 0.789317
GBP 0.793835
GEL 2.725002
GGP 0.789317
GHS 15.849765
GIP 0.789317
GMD 70.999559
GNF 8629.999573
GTQ 7.719178
GYD 209.209595
HKD 7.78355
HNL 25.174971
HRK 7.133259
HTG 131.285912
HUF 392.284991
IDR 15927.05
ILS 3.71464
IMP 0.789317
INR 84.510799
IQD 1310.5
IRR 42104.999856
ISK 139.349642
JEP 0.789317
JMD 158.803485
JOD 0.709103
JPY 154.569674
KES 129.501289
KGS 86.498751
KHR 4049.999918
KMF 467.497654
KPW 899.999621
KRW 1399.524993
KWD 0.30763
KYD 0.833321
KZT 495.877273
LAK 21954.999924
LBP 89600.000059
LKR 290.944865
LRD 180.450432
LSL 18.110004
LTL 2.95274
LVL 0.60489
LYD 4.884965
MAD 9.995001
MDL 18.209124
MGA 4670.000107
MKD 58.680488
MMK 3247.960992
MNT 3397.999946
MOP 8.016062
MRU 39.904986
MUR 46.403431
MVR 15.459836
MWK 1734.999682
MXN 20.41969
MYR 4.465031
MZN 63.949792
NAD 18.109844
NGN 1687.150112
NIO 36.789902
NOK 11.067525
NPR 135.177343
NZD 1.70542
OMR 0.384985
PAB 0.999948
PEN 3.795025
PGK 4.02575
PHP 58.981496
PKR 278.050105
PLN 4.1439
PYG 7848.150595
QAR 3.64075
RON 4.747398
RSD 111.612008
RUB 101.300503
RWF 1370
SAR 3.754518
SBD 8.355531
SCR 13.660107
SDG 601.477673
SEK 11.057569
SGD 1.345855
SHP 0.789317
SLE 22.574973
SLL 20969.504736
SOS 571.492896
SRD 35.405018
STD 20697.981008
SVC 8.749543
SYP 2512.529858
SZL 18.109726
THB 34.714996
TJS 10.649728
TMT 3.5
TND 3.164995
TOP 2.342097
TRY 34.496503
TTD 6.787668
TWD 32.563503
TZS 2652.35897
UAH 41.282881
UGX 3694.533288
UYU 42.610626
UZS 12880.000006
VES 46.002271
VND 25422.5
VUV 118.722009
WST 2.791591
XAF 623.500672
XAG 0.032387
XAU 0.000374
XCD 2.70255
XDR 0.762793
XOF 619.500595
XPF 113.650183
YER 249.924982
ZAR 18.08805
ZMK 9001.213194
ZMW 27.574604
ZWL 321.999592
  • RBGPF

    -0.5000

    59.69

    -0.84%

  • CMSC

    0.1200

    24.64

    +0.49%

  • JRI

    0.0400

    13.27

    +0.3%

  • SCS

    0.1500

    13.22

    +1.13%

  • RYCEF

    0.1800

    6.79

    +2.65%

  • BCC

    2.3550

    139.765

    +1.68%

  • RIO

    0.0900

    62.48

    +0.14%

  • CMSD

    0.1050

    24.365

    +0.43%

  • RELX

    0.5250

    45.635

    +1.15%

  • NGG

    -0.1800

    63.09

    -0.29%

  • BCE

    -0.3550

    26.645

    -1.33%

  • BP

    0.2950

    29.375

    +1%

  • AZN

    0.5900

    63.79

    +0.92%

  • BTI

    -0.1200

    36.96

    -0.32%

  • GSK

    0.2550

    33.605

    +0.76%

  • VOD

    -0.0800

    8.86

    -0.9%

Kenya scraps Adani deals as Ruto attempts to reset presidency
Kenya scraps Adani deals as Ruto attempts to reset presidency / Photo: © AFP

Kenya scraps Adani deals as Ruto attempts to reset presidency

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.

Text size:

With the country on edge over multiple issues, there was a heavy police presence around parliament in Nairobi ahead of Ruto's annual state of the nation address.

His speech did not shy away from the many controversies dogging his administration.

The biggest shock was his announcement that India's Adani Group would no longer be involved in plans to expand Kenya's electricity network and its main airport, Jomo Kenyatta International.

The Adani Group was to invest $1.85 billion in the Jomo Kenyatta airport and $736 million in state-owned utility KETRACO, despite claims of corruption in the procurement process.

The final straw may have come when the Indian group's founder Gautam Adani was charged in the United States on Wednesday with massive bribery and fraud.

Ruto said his decision was based on "new information provided by investigative agencies and partner nations".

He also addressed the deep concern in Kenya over a spate of abductions by security forces following mass protests between June and August over an unpopular finance bill.

Rights groups accuse the security forces of a brutal crackdown, with more than 60 people killed during the protests and dozens kidnapped in the following months, many of them tortured and some killed.

Ruto said many of the detentions were legitimate actions against "criminals and subversive elements".

But he added: "I condemn any excessive or extrajudicial action which puts the life and liberty of any person at risk, including disappearances and threats to life."

He also addressed gender-based violence after reports that 97 women have been murdered in the last three months alone.

To loud cheers from the women in parliament, Ruto called on all society to help raise boys "into morally upright men who will never need to affirm their masculinity at the expense of women".

- 'Times are hard' -

Ruto won a hard-fought election in 2022 with a pitch to help the country's poor.

But large debts have left Kenya spending more on interest payments than health and education.

While economic growth has remained relatively strong at 5.4 percent last year, a third of Kenya's 52 million people live in poverty.

"It is undeniable that for many Kenyans times are hard and the struggle to meet their basic daily needs is daunting," Ruto said.

But he listed a series of successes, including taming inflation -- down from 9.6 percent to 2.7 percent over two years -- stabilising the currency and increasing agricultural production.

He also heralded a new health insurance scheme, which has been beset by technical difficulties since its launch last month, vowing that it would ultimately provide "accessible and affordable" healthcare across the country.

Ruto came into his speech with an urgent need to reset his presidency after mounting criticism, including from church leaders, over abductions, the cost-of-living crisis and corruption.

Recent weeks have also seen international condemnation over the forced extradition of foreign nationals kidnapped on Kenyan soil, including four Turkish refugees and the Ugandan opposition leader Kizza Besigye.

M.Delgado--TFWP