The China Mail - Kenya scraps Adani deals as Ruto attempts to reset presidency

USD -
AED 3.672977
AFN 65.000285
ALL 80.973319
AMD 360.400479
ANG 1.789785
AOA 916.999739
ARS 1545.048113
AUD 1.439108
AWG 1.8
AZN 1.696981
BAM 1.742632
BBD 2.013837
BDT 124.53501
BGN 1.747831
BHD 0.377434
BIF 2988.029527
BMD 1
BND 1.276378
BOB 12.072829
BRL 5.483201
BSD 0.99988
BTN 94.413878
BWP 13.698105
BYN 2.983174
BYR 19600
BZD 2.010897
CAD 1.398525
CDF 2315.000188
CHF 0.814535
CLF 0.024744
CLP 973.869549
CNY 6.669803
CNH 6.66461
COP 3235.61
CRC 453.42968
CUC 1
CUP 23.9964
CVE 98.242128
CZK 21.650296
DJF 177.720238
DKK 6.650475
DOP 60.044461
DZD 136.053841
EGP 53.907005
ERN 15
ETB 164.103855
EUR 0.88975
FJD 2.244697
FKP 0.743037
GBP 0.74185
GEL 2.604971
GGP 0.743037
GHS 11.662561
GIP 0.743037
GMD 74.487821
GNF 8856.535705
GTQ 7.641212
GYD 209.491818
HKD 7.84326
HNL 26.873438
HRK 6.76901
HTG 131.039306
HUF 324.26698
IDR 18089
ILS 3.20125
IMP 0.743037
INR 94.52295
IQD 1515.768465
IRR 1891353.000122
ISK 121.739696
JEP 0.743037
JMD 158.589013
JOD 0.708961
JPY 157.645505
KES 129.90203
KGS 87.449302
KHR 4068.086547
KMF 440.999677
KPW 899.999961
KRW 1355.974975
KWD 0.31055
KYD 0.833278
KZT 449.579663
LAK 22503.085086
LBP 89535.66385
LKR 332.405209
LRD 169.973716
LSL 16.385571
LTL 2.95274
LVL 0.60489
LYD 6.400941
MAD 9.743884
MDL 17.877334
MGA 4533.405801
MKD 54.751198
MMK 2099.845134
MNT 3601.453525
MOP 8.079209
MRU 40.394356
MUR 46.749852
MVR 15.45498
MWK 1733.772887
MXN 18.731265
MYR 4.047199
MZN 63.90966
NAD 16.385571
NGN 1345.149739
NIO 36.798282
NOK 9.28885
NPR 151.060503
NZD 1.78194
OMR 0.384497
PAB 0.99988
PEN 3.443981
PGK 4.554749
PHP 63.054501
PKR 276.535615
PLN 3.91405
PYG 6160.371012
QAR 3.654913
RON 4.747797
RSD 104.572977
RUB 81.499606
RWF 1472.802602
SAR 3.756339
SBD 8.051718
SCR 13.830161
SDG 601.532138
SEK 9.782402
SGD 1.27751
SHP 0.745545
SLE 22.909643
SLL 20969.504398
SOS 571.392932
SRD 37.557024
STD 20697.981008
STN 21.829489
SVC 8.748374
SYP 13001.999685
SZL 16.379099
THB 33.429848
TJS 9.223717
TMT 3.51
TND 2.979413
TOP 2.40776
TRY 50.048014
TTD 6.771597
TWD 33.078898
TZS 2642.498241
UAH 45.418655
UGX 4044.247039
UYU 40.27318
UZS 11931.375213
VES 893.76901
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 583.63788
XAG 0.019096
XAU 0.000243802837
XCD 2.70255
XCG 1.80199
XDR 0.707052
XOF 583.63788
XPF 106.260608
YER 236.175022
ZAR 16.466705
ZMK 9001.19982
ZMW 20.27148
ZWL 321.999592
SSP 5745.516508
MXV 2.10788
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

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.

V.Liu--ThChM