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Mbadi Goes for Another Investor Moments After Ruto Cancelled Adani Deal

Edwin HindabyEdwin Hinda
November 24, 2024
Reading Time: 4 mins read
Kenya Plans To Borrow Ksh1.3 Trillion As 2027/28 Budget Hits Record Ksh5.3 Trillion

President William Ruto with Treasury CS John Mbadi during the Ministerial Performance Contract Signing at State House on November 19, 2024.PHOTO/Treasury X.

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National Treasury CS John Mbadi has defended the government’s decision not to enter into a contract with Adani Group following bribery allegations against their CEO, Gautam Adani.

Speaking to the press on Saturday, November 23, in Kisumu, Mbadi clarified that Adani’s proposal was a Privately Initiated Proposal (PIP), which can be terminated at any stage before signing a contract.

“The Adani procurement system was a PIP which can be terminated at any time at any stage so long as you have not signed the contract. And if another person comes with a better deal, you will even drop the one you are pursuing and get another one.”

He emphasized that the government is open to investors interested in the Jomo Kenyatta International Airport (JKIA) project and encouraged them to approach and engage with the government.

President Dr William Ruto With Treasury Cs John Mbadi During The Ministerial Performance Contract Signing At State House On November 19, 2024.Photo/Treasury X.
National Treasury CS John Mbadi during a past meeting.PHOTO/Treasury X.

“We are still open to any other investor out there who wants to invest by partnering with the government to develop JKIA because we must. There are so many investors out there. We invite them to come over and engage with us,” Mbadi stated.

Mbadi also defended Raila Odinga, who had remarked that the Adani deal was initiated when he served as Prime Minister.

“I think what Raila said is that Adani has done some projects in some places and can be seen like in Mumbai where they have done an excellent airport. We can’t know whether they were corrupt because we don’t stay in India,” he said.


Also Read: Adani Group CFO Clarifies Deal That Led to Indictment in the US


Why Govt Missed the Bribery Claims

The CS added that the Adani Group failed to disclose crucial information regarding the allegations, preventing the government from learning about the bribery accusations raised by the US government.

“Now that there were special investigations by the US government, and they have discovered there was bribery, the best action for any responsible government is to terminate any other dealings with such an entity.

“If someone does not disclose material facts about themselves, how would you know that they have bribed people elsewhere? You can’t tell.”


Also Read: India Demands Adani to Reveal Ruto’s Impact After Deal Cancellation


Mbadi on the State of JKIA

Mbadi stressed the importance of maintaining JKIA as a leading economic hub in the region, noting that the airport’s current state is inadequate to compete regionally.

“JKIA is now outdated and dilapidated. It is not an airport that can compete with others in the region. Kenya has been leading in the region as the economic hub. We must maintain that by maintaining the airport,” he noted.

While cancelling the deal, President William Ruto directed relevant government procurement offices to immediately commence the process of onboarding alternative partners.

Follow our WhatsApp Channel and join our WhatsApp Group for real-time news updates.

Adani Group Chairman Gautam Adani. Photo/ Business Today. Adil. Mbadi
Adani Group Chairman Gautam Adani. PHOTO/ Business Today.

Tags: AdaniJKIAJohn Mbadi
Edwin Hinda

Edwin Hinda

Edwin Hinda is a versatile and creative journalist with a keen interest in politics, sports, education, international affairs, entertainment, and soft content. With a degree in Communication and Media Technology (Print Option) with IT from Maseno University, Edwin brings a well-rounded academic background to his work. He excels in conducting thorough interviews and in-depth research, ensuring that his stories are both informative and engaging.

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