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Gautam Adani’s plan to invest $1.85 billion in Kenya’s largest airport is on hold

Gautam Adani

Gautam Adani’s company Adani Airport Holdings Limited had the opportunity to run Kenya’s largest airport, but now it has been stopped. Jomo Kenyatta International Airport (JKIA) is located in Nairobi, Kenya. Adani’s company was given a contract to run it for 30 years, but the High Court of Kenya has stopped this deal for now. The deal’s details and the court’s verdict show that the deal was worth about $1.85 billion (about Rs 15,000 crore). To stop such a big deal is a big blow to anyone. The court said the matter will remain pending till the final decision is taken in the matter. The deal was challenged by people connected to Kenyan law. The court said that it is not right to give the country’s most important airport to any foreign company. 

Protests in Kenya 

Protests in Kenya Since it was reported that the JKIA would be run by Adani, many people in Kenya have been protesting against it. This, he said, would put the jobs of the people of the country at risk. “Giving control of the country’s main airport to a foreign company is against Kenya’s constitution. This is not the first problem for Gautam Adani’s companies. Several questions have been raised about his companies in the recent past. Some have accused them of not following the rules. However, the Adani Group has always denied these allegations. Challenges in Global Business This phenomenon shows how difficult it can be to do business in other countries. Every state has its own rules and regulations. Sometimes big companies can also have problems due to these rules. Therefore, to succeed in international business, it is not only enough to have money, but it is also necessary to understand the law and the feelings of the people of that country.

#AirportInvestment #KenyaBusiness #InvestmentHold #GautamAdani #InfrastructureDelay #KenyaEconomicImpact #AdaniNews

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