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h-[90px] md:h-[150px] lg:h-[250px] max-w-5xl mx-auto"><h2 class="uppercase text-zinc-500">Ad Slot</h2></div></div><div class="grid grid-cols-1 lg:grid-cols-6 gap-4"><div class="col-span-1 lg:col-span-4"><div class="px-4 border-4 inline-block ml-4 mb-4 rounded-full py-1"><h2 class="mb-0 capitalize text-business">Markets</h2></div><article class="flex flex-col-reverse md:grid grid-cols-5 border-b border-zinc-200 pb-4 group"><div class="flex flex-col justify-center col-span-2 px-4 py-6 text-center"><a href="/business/markets/2024-12-02-experts-cancellation-of-adani-deal-likely-to-send-wrong-signal-to-investors"><h3 class="underline-offset-2 group-hover:underline">Experts: Cancellation of Adani deal likely to send wrong signal to investors</h3><p class="line-clamp-2"></p></a><div class="flex justify-center pt-2"><div class="flex flex-wrap font-sans divide-x"><small class="pr-2">3d ago</small><small class="px-2 font-semibold text-business">VICTOR AMADALA</small></div></div></div><a class="col-span-3 relative block md:h-auto aspect-video" href="/business/markets/2024-12-02-experts-cancellation-of-adani-deal-likely-to-send-wrong-signal-to-investors"><img alt="Experts: Cancellation of Adani deal likely to send wrong signal to investors" loading="lazy" decoding="async" data-nimg="fill" class="object-cover" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="(max-width: 768px) 100vw, (max-width: 1024px) 50vw, 30vw" srcSet="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F12%2Fcbdd2057-b2ea-4f1a-82d8-530e84e2287b.png&w=256&q=75 256w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F12%2Fcbdd2057-b2ea-4f1a-82d8-530e84e2287b.png&w=384&q=75 384w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F12%2Fcbdd2057-b2ea-4f1a-82d8-530e84e2287b.png&w=640&q=75 640w, 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/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F12%2Fcbdd2057-b2ea-4f1a-82d8-530e84e2287b.png&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F12%2Fcbdd2057-b2ea-4f1a-82d8-530e84e2287b.png&w=3840&q=75"/></a></article><div class="flex flex-col md:flex-row gap-6 pt-6 px-4 md:px-0"><div class="flex-1"><div class="flex group md:block"><a class="relative block aspect-[3/2] md:aspect-video h-20 mr-4 self-top md:h-auto md:mr-0 md:mb-2" href="/business/markets/2024-11-22-nbk-emerges-from-loss-to-post-sh12-billion-net-profit-in-q3"><img alt="NBK emerges from loss to post Sh1.2 billion net profit in Q3" loading="lazy" decoding="async" data-nimg="fill" class="object-cover" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="(max-width: 425px) 30vw, (max-width: 768px) 40vw,20vw" srcSet="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=256&q=75 256w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=384&q=75 384w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fbafc776d-ba62-430d-8dca-43e2d7796fe4.png&w=3840&q=75"/></a><div><a href="/business/markets/2024-11-22-nbk-emerges-from-loss-to-post-sh12-billion-net-profit-in-q3"><h6 class="font-sans tracking-tight line-clamp-3 group-hover:underline underline-offset-2">NBK emerges from loss to post Sh1.2 billion net profit in Q3</h6><p class="line-clamp-2 md:line-clamp-4 mb-2">The 142 per cent growth in earnings is likely to ignite a beam of hope for shareholders</p></a><div class="flex flex-wrap font-sans divide-x"><small class="pr-2">13d ago</small><small class="px-2 font-semibold text-business">VICTOR AMADALA</small><small class="pl-2 capitalize text-business">Markets</small></div></div></div></div><div class="flex-1"><div class="flex group md:block"><a class="relative block aspect-[3/2] md:aspect-video h-20 mr-4 self-top md:h-auto md:mr-0 md:mb-2" href="/business/markets/2024-11-21-county-levies-system-hitches-hurting-eac-trade-secretariat"><img alt="County levies, system hitches hurting EAC trade – secretariat" loading="lazy" decoding="async" data-nimg="fill" class="object-cover" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="(max-width: 425px) 30vw, (max-width: 768px) 40vw,20vw" srcSet="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=256&q=75 256w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=384&q=75 384w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2F1512ee91-edb7-4fc5-abf2-410dbb72d611.png&w=3840&q=75"/></a><div><a href="/business/markets/2024-11-21-county-levies-system-hitches-hurting-eac-trade-secretariat"><h6 class="font-sans tracking-tight line-clamp-3 group-hover:underline underline-offset-2">County levies, system hitches hurting EAC trade – secretariat</h6><p class="line-clamp-2 md:line-clamp-4 mb-2">Poor road network and insecurity in some countries also remain a major concern</p></a><div class="flex flex-wrap font-sans divide-x"><small class="pr-2">14d ago</small><small class="px-2 font-semibold text-business">MARTIN MWITA</small><small class="pl-2 capitalize text-business">Markets</small></div></div></div></div><div class="flex-1"><div class="flex group md:block"><a class="relative block aspect-[3/2] md:aspect-video h-20 mr-4 self-top md:h-auto md:mr-0 md:mb-2" href="/business/markets/2024-11-04-africa-urged-to-enhance-financing-mechanisms-to-drive-sdgs"><img alt="Africa urged to enhance financing mechanisms to drive SDGs" loading="lazy" decoding="async" data-nimg="fill" class="object-cover" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="(max-width: 425px) 30vw, (max-width: 768px) 40vw,20vw" srcSet="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=256&q=75 256w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=384&q=75 384w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F11%2Fc855963b-8b87-4fbd-975e-bffdc8f0044d.png&w=3840&q=75"/></a><div><a href="/business/markets/2024-11-04-africa-urged-to-enhance-financing-mechanisms-to-drive-sdgs"><h6 class="font-sans tracking-tight line-clamp-3 group-hover:underline underline-offset-2">Africa urged to enhance financing mechanisms to drive SDGs</h6><p class="line-clamp-2 md:line-clamp-4 mb-2">According to AVPA, Africa stands at a pivotal moment, brimming with opportunities to accelerate progress towards the SDGs by 2030.</p></a><div class="flex flex-wrap font-sans divide-x"><small class="pr-2">1mon ago</small><small class="px-2 font-semibold text-business">MARTIN MWITA</small><small class="pl-2 capitalize text-business">Markets</small></div></div></div></div></div><div class="py-4"><div class="bg-zinc-300 justify-center items-center hidden h-[90px] md:h-[150px] lg:h-[250px] max-w-5xl mx-auto"><h2 class="uppercase text-zinc-500">Ad Slot</h2></div></div><div class="flex flex-col gap-6 pt-6 px-4 md:px-0"><div class="flex group"><a class="relative block aspect-[3/2] md:aspect-video h-20 mr-4 self-top md:h-32" href="/business/markets/2024-10-08-kenyan-investors-renew-appetite-for-foreign-currency-assets"><img alt="Kenyan investors renew appetite for foreign currency assets" loading="lazy" decoding="async" data-nimg="fill" class="object-cover" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent" sizes="(max-width: 425px) 30vw, (max-width: 768px) 40vw,20vw" srcSet="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=256&q=75 256w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=384&q=75 384w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fcms.eu-central-1.linodeobjects.com%2Fimage%2F2024%2F10%2Fforeign1.png&w=3840&q=75"/></a><div><a href="/business/markets/2024-10-08-kenyan-investors-renew-appetite-for-foreign-currency-assets"><h6 class="font-sans tracking-tight line-clamp-3 group-hover:underline underline-offset-2">Kenyan investors renew appetite for foreign currency assets</h6><p class="line-clamp-2 md:line-clamp-4 mb-2">US Treasuries and FCY/MMFs, are becoming increasingly popular among Kenyan investors</p></a><div class="flex flex-wrap font-sans divide-x"><small class="pr-2">2mon ago</small><small class="px-2 font-semibold text-business">JACKTONE LAWI</small><small class="pl-2 capitalize text-business">Markets</small></div></div></div></div><div><div class="flex justify-center items-center py-4"><svg stroke="currentColor" fill="currentColor" stroke-width="0" version="1.1" viewBox="0 0 16 16" class="animate-spin text-primary text-4xl" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path d="M8 16c-2.137 0-4.146-0.832-5.657-2.343s-2.343-3.52-2.343-5.657c0-1.513 0.425-2.986 1.228-4.261 0.781-1.239 1.885-2.24 3.193-2.895l0.672 1.341c-1.063 0.533-1.961 1.347-2.596 2.354-0.652 1.034-0.997 2.231-0.997 3.461 0 3.584 2.916 6.5 6.5 6.5s6.5-2.916 6.5-6.5c0-1.23-0.345-2.426-0.997-3.461-0.635-1.008-1.533-1.822-2.596-2.354l0.672-1.341c1.308 0.655 2.412 1.656 3.193 2.895 0.803 1.274 1.228 2.748 1.228 4.261 0 2.137-0.832 4.146-2.343 5.657s-3.52 2.343-5.657 2.343z"></path></svg></div></div></div><div class="relative col-span-1 lg:col-span-2 px-4 md:px-0"><div class="py-4"><div class="bg-zinc-300 justify-center items-center hidden h-[90px] md:h-[150px] lg:h-[250px] max-w-5xl mx-auto"><h2 class="uppercase text-zinc-500">Ad Slot</h2></div></div><div class="sticky top-4"><div class="bg-zinc-300 justify-center items-center hidden h-[90px] md:h-[150px] lg:h-[250px] max-w-5xl mx-auto"><h2 class="uppercase text-zinc-500">Ad Slot</h2></div></div></div></div></div><div class="bg-zinc-100 py-8"><div class="max-w-7xl mx-auto px-4 sm:px-6 lg:px-8"><div class="grid grid-cols-2 sm:grid-cols-3 md:grid-cols-5 xl:grid-cols-7 gap-4 xl:gap-y-8 xl:gap-2 pb-4 font-sans"><div class="col-span-1"><a class="text-primary hover:text-opinion" href="/news"><h6 class="uppercase font-bold">News</h6></a><ul class="pt-2 flex flex-col gap-1"><li><a class="footer-link" href="/news/world">World</a></li><li><a class="footer-link" href="/news/africa">Africa</a></li><li><a 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0-56-56zm-14.18 92.63-144 112a16 16 0 0 1-19.64 0l-144-112a16 16 0 1 1 19.64-25.26L256 251.73l134.18-104.36a16 16 0 0 1 19.64 25.26z\",\"children\":[]}]]],\"className\":\"$undefined\",\"style\":{\"color\":\"$undefined\"},\"height\":\"1em\",\"width\":\"1em\",\"xmlns\":\"http://www.w3.org/2000/svg\"}],\"advertise@the-star.co.ke\"]}]]}]]}]]}]]}]}]\n"])</script><script>self.__next_f.push([1,"88:T18ac,"])</script><script>self.__next_f.push([1,"\u003cp\u003e\u003cfigure style=\"margin: 10px 0px;\"\u003e\u003cimg src=\"https://cms.eu-central-1.linodeobjects.com/image/2024/12/444fe443-b446-4c98-a1b2-1397ee4d5c70.png\" style=\"max-width: 100%; width: 100%;\"\u003e\u003c/figure\u003e\u003ci\u003e\u003cb\u003eA power sub-station at the Lake Turkana Wind Power project /FILE\u003c/b\u003e\u003c/i\u003e\u003cfigure style=\"margin: 10px 0px;\"\u003e\u003cfigcaption contenteditable=\"true\" class=\"caption \" style=\"text-align: center;\"\u003e\u003c/figcaption\u003e\u003c/figure\u003e\u003cbr\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-size: 0.875rem;\"\u003eThe abrupt cancellation of the Sh637\r\nbillion Adani deals leaves Kenya in\r\na precarious position regarding the\r\nfuture of its international contracts,\r\nwith contract management experts\r\nworried that it might send a hostile\r\nsignal.\u003c/span\u003e\u003cbr\u003e\u003c/p\u003e\u003cp\u003e\r\nOn November 27, President William Ruto ordered the immediate\r\nstoppage of talks between his government with the Indian stable\r\nabout investments in the Jomo\r\nKenyatta International Airport and\r\nthe Kenya Electricity Transmission\r\nCompany (Ketraco) after the US government linked some of the firm’s\r\ntop executives to an alleged graft.\r\n\u003c/p\u003e\u003cp\u003eWhile Kenya took a panic retreat on\u0026nbsp;Adani, her neighbour Tanzania stood\r\nfirm, with President Samia Suluhu’s\r\ngovernment saying it will honour\r\nits contracts with the Indian giant.\r\n\u003c/p\u003e\u003cp\u003eIn May, Tanzania entered into a\r\n30-year concession agreement with\r\nAdani Ports, a unit of Adani Group,\r\nto operate a container terminal in its\r\nDar es Salaam port, known as Container Terminal 2.\u003c/p\u003e\u003cp\u003eAdani Ports also\r\nstruck a share purchase agreement\r\nfor a 95 per cent stake in state-owned\r\nTanzania International Container\r\nTerminal Services for $95 million\r\n(Sh12.3 billion).\r\n\u003c/p\u003e\u003cp\u003e“We don’t have any problems with\r\nanyone. Everything we are doing is\r\naccording to our laws and agreements,” Tanzania Ports Authority\r\ndirector general Plasduce Mbossa\r\ntold Reuters Tuesday last week.\r\n\u003c/p\u003e\u003cp\u003eThe Star talked to various experts\r\non the implication of the government’s decision on the future of\r\ninternational investments of such\r\nsignificance in the country.\r\n\u003c/p\u003e\u003cp\u003eWhile majority are of the opinion that it will cast the country’s\r\ninvestment climate in a bad light, a\r\nfew believes that it was in the public interest.\u003c/p\u003e\u003cp\u003eSimon Lugano, a public\r\nprivate partnership expert thinks\r\nthat the country acted so soon and\r\nshould have taken time to conduct\r\nindependent investigations on the\r\nUS’s bribery allegations against\r\nAdani Group’s founder Gautam\r\nAdani, nephew Sagar Adani, and\r\nsenior executive Vneet Jaain.\u003c/p\u003e\u003cp\u003e\r\n“Respect of contractual agreement\r\nis vital in business. It sets the mood\r\nof reliability and sends a wave of\r\nhonesty and fairness to prospecting investors.\u0026nbsp;\u003cspan style=\"font-size: 0.875rem;\"\u003eWhile it was necessary for President Ruto to make that\r\ndeclaration in the face of hostility\r\nboth home and internationally, a\r\nbillion-dollar investors will be a\r\nlittle more cautious doing business\r\nin Kenya,’’ Lugano said.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-size: 0.875rem;\"\u003e\r\nHe added that the cancellation\r\ncame just after Ruto’s government\r\nwas almost quelling heated political\r\nclimate that sparked Gen Z revolt\r\nmid this year, seemingly high tax\r\nregime and shaky economy rising\r\nfrom ruins of high inflation and\r\nforex volatilities. \u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-size: 0.875rem;\"\u003e“It adds a little\r\nscare to investors.”\r\nHe insists that the government\r\nmust quickly diffuse the tense moment by assuring investors of their\r\nsafety.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-size: 0.875rem;\"\u003e “Clear and intended messaging and action must follow to rebuild\r\ntrust.” His sentiments are echoed by\r\nOtieno Panya, a contract manage\u0026nbsp;\u003c/span\u003ement expert and writer focused on\r\nglobal business trends and policies\r\nwho insists that countries and companies looking to establish or expand\r\ntrade relationships with Kenya will\r\nneed assurances that their contracts\r\nand investments will be protected.\r\n\u003c/p\u003e\u003cp\u003eIn his well circulated opinion on\r\nLinkedIn, Panya is worried that the\r\ncancellation could result in fewer\r\ncompanies willing to invest in largescale projects, particularly in sectors like infrastructure, energy, and\r\naviation, where the capital outlay is\r\nsignificant and the payback period is\r\noften long. \u003c/p\u003e\u003cp\u003e“Public-private partnerships (PPPs) and foreign investments\r\nare necessary to drive Kenya’s development agenda. The government\r\nmust, therefore, strike a balance between ensuring that foreign deals\r\nalign with national interests and\r\nmaintaining a stable, predictable\r\nenvironment for investment.’’\r\n\u003c/p\u003e\u003cp\u003eA legal expert who requested\r\nto remain anonymous due to the\r\nmagnitude of the story expressed\r\nconcern over the potential consequences of terminating the already\u0026nbsp;signed contracts, saying that such\r\ndecision might carry a heavy legal\r\ndemand on the government.\u003c/p\u003e\u003cp\u003e\r\n“Choices have consequences. Although both the government and\r\nAdani Group have indicated not entering any deal in regards to JKIA,\r\nit was widely reported that a deal\r\nwas reached with Ketraco on modernisation of the country’s power\r\nline. An abrupt cancellation carries\r\na significant legal burden,” he said.\r\n\u003c/p\u003e\u003cp\u003eHis argument mirrors that of\r\nNarok Senator, Ledama Olekina\r\nwho hailed President Ruto for cancelling plans on JKIA, saying that it\r\nis important for the government to\r\ncarry out public participation and\r\nhave full disclosure on PPPs.\r\n\u003c/p\u003e\u003cp\u003e“I am happy that the JKIA deal had\r\nnot been signed, but I’m concerned\r\nabout the Ketraco deal if there is any\r\nagreement that had been reached,”\r\nhe said.\u003c/p\u003e\u003cp\u003eEven so, procurement expert\r\nIrene Kabaara says that most of the\r\nprojects, if not key projects, good\r\npolicies and regulations fail due\r\nto lack of structured or strategic or\r\nsufficient stakeholders’ engagement.\r\n\u003c/p\u003e\u003cp\u003e“This is not an egg and chicken scenario.\u0026nbsp;\u003cspan style=\"font-size: 0.875rem;\"\u003eA key step in public procurement was missed at the beginning. If\r\nstakeholder engagement is not right,\r\nit soils the whole procurement process. Public participation is a legal\r\nstep in Kenya’s public procurement.\r\nRuto reacted to this demand,” she\r\nsaid.\r\n\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-size: 0.875rem;\"\u003eLaw Society of Kenya president\r\nFaith Odhiambo expressed support\r\nfor the President’s directive but\r\nemphasized the importance of accountability.\u003c/span\u003e\u003c/p\u003e"])</script><script>self.__next_f.push([1,"89:T401,Victor Amadala is an award winning journalist business with more than 500 published business and human interest feature stories.\nHe is currently a Business Writer for the Star Newspaper, third biggest paper in Kenya www.star.co.ke , handling governance, economics, market place, money matters, building and construction, agribusiness among other topics\nHe has previously contributed for many established print media in Kenya and abroad including the Business Daily, Standard Newspaper, Daily Nation, KBC, VG Norway, CFO South Africa, Ebano TV in Spain among others\n\nIn 2014, he scooped the prestigious African Fact Checking Journalism Award in sponsored by the AFP Foundation https://africacheck.org/how-to-fact-check/the-african-fact-checking-awards/ \nA Thomson Reuters New Age Media fellow, Victor is extremely passionate about developmental journalism with a view of transforming social economic fabric in the continent and across borders. \nHe holds a diploma in journalism from the Kenya Institute of Mass Communication."])</script><script>self.__next_f.push([1,"6:[null,[\"$\",\"div\",null,{\"className\":\"mx-auto max-w-7xl py-4 md:px-4\",\"children\":[[\"$\",\"div\",null,{\"className\":\"py-4\",\"children\":[\"$\",\"div\",null,{\"className\":\"bg-zinc-300 justify-center items-center hidden h-[90px] md:h-[150px] lg:h-[250px] max-w-5xl mx-auto\",\"children\":[\"$\",\"h2\",null,{\"className\":\"uppercase text-zinc-500\",\"children\":\"Ad Slot\"}]}]}],[\"$\",\"div\",null,{\"className\":\"grid grid-cols-1 lg:grid-cols-6 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WANGUI\",\"writers\":[{\"id\":86,\"identifier\":\"ULfqG20s\",\"slug\":\"victor-amadala\",\"old_id\":\"5425516731432960\",\"category\":\"journalist\",\"avatar\":\"https://cms.eu-central-1.linodeobjects.com/author/2024/09///lh3.googleusercontent.com/7ZuLpaIPfBzYwzj--SBGkAU-nrokkRMVKdBdGgAsGYcRKagwO0taphNYLPXZQVKeZO8FL59X6rmY5yKknmR8q1pJUdaE.jpeg\",\"name\":\"VICTOR AMADALA\",\"title\":\"Business Reporter\",\"bio\":\"$89\",\"status\":\"Active\",\"email\":\"victor.amadala@radioafricagroup.co.ke\",\"email_verified_at\":null,\"last_login\":null,\"user_active_product\":\"01J4P92BZTN2PXBYZRNP8HE5VK\",\"role_id\":6,\"assigned_products\":[1,2],\"type\":\"Inhouse_journalist\",\"story_rate\":\"0.00\",\"published_stories\":0,\"social\":{\"facebook\":\"https://www.facebook.com/magunamu.victor\",\"twitter\":\"https://twitter.com/ItsAmadala\",\"instagram\":null,\"linkedin\":null},\"phone_no\":\"+254713778394\",\"deleted_at\":null,\"created_at\":\"2019-03-04T07:16:17.000000Z\",\"updated_at\":\"2024-11-25T12:58:55.000000Z\",\"password_changed_at\":\"2024-09-26 16:18:15\"}],\"status\":\"PUBLISHED\",\"kicker\":\"On November 27, Ruto ordered immediate stoppage of talks between his government and Adani.\",\"premium\":false,\"breaking\":false,\"publishdate\":\"2024-12-02 08:39:00\",\"mask_user\":false,\"viral_title\":null,\"word_count\":836,\"reading_time\":5,\"category\":{\"name\":\"Markets\",\"slug\":\"markets\",\"custom_slug\":\"markets\",\"parent\":{\"name\":\"Business\",\"slug\":\"business\",\"custom_slug\":\"business\",\"parent\":null}},\"keywords\":[\"the star\",\" Star newspaper\",\" the Star Kenya\",\" Kenya news\",\" Star\",\" the star newspaper\",\"Tanzania\",\"Kenya\",\"ADANI\"],\"media\":{\"path\":\"https://cms.eu-central-1.linodeobjects.com/image/2024/12/cbdd2057-b2ea-4f1a-82d8-530e84e2287b.png\",\"thumbnail\":\"\",\"blur\":\"\",\"height\":\"\",\"width\":\"\",\"type\":\"image\"},\"related\":[{\"id\":393151,\"slug\":\"2024-11-27-give-proof-adani-jkia-deal-is-cancelled-court-orders-state\",\"summary\":\"\u003cul\u003e\u003cli\u003e\u003cspan style=\\\"font-size: 0.875rem;\\\"\u003eJustice Bahati Mwamuye issued the directive after Advocate Ezra Makori representing Adani Group said they wish to be excused from the proceedings as the projects have since been cancelled.\u003c/span\u003e\u003c/li\u003e\u003cli\u003eBut in a brief rejoinder, Tony Gachoka and Mt Kenya Jurists the petitioners in the case said there is no evidence that President Ruto's directive on cancellation of the contract has taken place.\u003c/li\u003e\u003c/ul\u003e\",\"synopsis\":null,\"title\":\"Give proof Adani-JKIA deal is cancelled - Court orders state\",\"writer\":\"BOSCO MARITA\",\"writers\":[{\"id\":141,\"identifier\":\"wbjiL1jL\",\"slug\":\"susan-muhindi\",\"old_id\":\"5717007647375360\",\"category\":\"journalist\",\"avatar\":\"https://cms.eu-central-1.linodeobjects.com/author/2024/09///lh3.googleusercontent.com/uguTWMW0AuLnu7KcpDA7xNu_l1Q0cl93jOtGLAZIJndTgc-5ppcjYGmYZM3-sQJwgvI2iNdyYSGa2uJlWjdkAoLiwr8.jpeg\",\"name\":\"SUSAN MUHINDI\",\"title\":\"Court Reporter\",\"bio\":\"Reporter at Milimani Law Courts.\",\"status\":\"Active\",\"email\":\"suemuhindi@gmail.com\",\"email_verified_at\":null,\"last_login\":null,\"user_active_product\":\"01J4P92BZTN2PXBYZRNP8HE5VK\",\"role_id\":6,\"assigned_products\":[1,2],\"type\":\"Inhouse_journalist\",\"story_rate\":\"0.00\",\"published_stories\":0,\"social\":{\"facebook\":\"https://www.facebook.com/sue.muhindi\",\"twitter\":\"https://twitter.com/muhindi_suu\",\"instagram\":null,\"linkedin\":null},\"phone_no\":\"0726157247\",\"deleted_at\":null,\"created_at\":\"2019-02-15T11:37:41.000000Z\",\"updated_at\":\"2024-11-18T09:48:26.000000Z\",\"password_changed_at\":\"2024-09-26 16:18:15\"}],\"kicker\":\"The court also blocked Adani and any other entity from taking over JKIA pending the determination of the matter before the court.\",\"premium\":false,\"breaking\":false,\"viral_title\":null,\"word_count\":226,\"media\":{\"path\":\"https://cms.eu-central-1.linodeobjects.com/image/2001/12/kQ8TjzXo7-xEwvOKk_1DCTiJvKMnpDHUG0_JvJ8kOQe8r0V_yyBtEd2UBlUNxMeMm96t-ubSFJ-Jj_ikGEand-K3qSca-wnJCGjGv8A.jpeg\",\"thumbnail\":\"\",\"blur\":\"/9j/4AAQSkZJRgABAQAAAQABAAD/2wCEAAUDBAIEAwUEBAQCBQUGBwwIBwcHBw8LCwkMEQ8SEhEPERETChwXExQaFRERGCEYGh0dHx8fExciJCIeJBweHx4BBQUFBwYHDggIDh4UBRQeHhISEh4eHh4eEh4eHh4eHhIeHh4eHh4eEh4SHh4SHhIeHh4SHh4eHhIeEh4eHh4eEv/AABEIAAgAEAMBIgACEQEDEQH/xAAWAAADAAAAAAAAAAAAAAAAAAAABAb/xAAlEAACAAQDCQAAAAAAAAAAAAABAgMFESEABJEGBxITFiIxUYH/xAAUAQEAAAAAAAAAAAAAAAAAAAAD/8QAGBEAAgMAAAAAAAAAAAAAAAAAAQIABBP/2gAMAwEAAhEDEQA/AKzJ7WziDw8iJJoAXtCDPMgUX9y+/g/dcMwt4E2Rcu79FOzA2iTEhyK3JpLa0rrgwYMWGMbFZ//Z\",\"height\":\"256\",\"width\":\"512\",\"type\":\"image\"},\"category\":{\"name\":\"News\",\"slug\":\"news\",\"custom_slug\":\"news\",\"parent\":null},\"publishdate\":\"2024-11-27 13:35:00\"},{\"id\":393430,\"slug\":\"2024-11-29-weve-formally-terminated-sh637bn-adani-deals-mbadi\",\"summary\":\"\u003cul\u003e\u003cli\u003eMbadi spoke when he appeared before the National Assembly’s Public Debt and Privatisation Committee chaired by Balambala MP Shurie Omar.\u003c/li\u003e\u003cli\u003eAdani Energy Solutions, a subsidiary registered in Kenya, had also signed another Sh95 billion deal with Ketraco to build electricity transmission lines.\u003c/li\u003e\u003c/ul\u003e\",\"synopsis\":null,\"title\":\"We've formally terminated Sh637bn Adani deals — Mbadi\",\"writer\":\"BOSCO MARITA\",\"writers\":[{\"id\":60,\"identifier\":\"IGFCYFzM\",\"slug\":\"luke-awich\",\"old_id\":\"5273261952729088\",\"category\":\"journalist\",\"avatar\":\"https://cms.eu-central-1.linodeobjects.com/author/2024/09///lh3.googleusercontent.com/lh8e3chAgq92TjMH5dMuEIg6JGQmEnI-ElYqHl2R0SrYWcnzsgd1LK4XbRAoVzMB0AhNIvBB7POlb5V7iNeniQmLTlij9D1GpPuEglC9Qpg.jpeg\",\"name\":\"LUKE AWICH\",\"title\":\"Political Reporter\",\"bio\":\"Luke Awich is a political reporter with passion in covering issues to do with governance, human rights and Devolution matters.\",\"status\":\"Active\",\"email\":\"awichachia@gmail.com\",\"email_verified_at\":null,\"last_login\":null,\"user_active_product\":null,\"role_id\":0,\"assigned_products\":{\"1\":2},\"type\":\"Inhouse_journalist\",\"story_rate\":\"0.00\",\"published_stories\":0,\"social\":{\"facebook\":null,\"twitter\":\"https://twitter.com/AchiaAwich\",\"instagram\":null,\"linkedin\":null},\"phone_no\":null,\"deleted_at\":null,\"created_at\":\"2019-03-11T09:13:52.000000Z\",\"updated_at\":\"2024-09-30T11:52:01.000000Z\",\"password_changed_at\":\"2024-09-26 16:18:15\"}],\"kicker\":\"The company was also to manage the transmission lines for 30 years.\",\"premium\":false,\"breaking\":false,\"viral_title\":null,\"word_count\":451,\"media\":{\"path\":\"https://cms.eu-central-1.linodeobjects.com/image/2024/11/cb7828f9-c907-44e8-afd3-19fc812e4515.png\",\"thumbnail\":\"\",\"blur\":\"\",\"height\":\"\",\"width\":\"\",\"type\":\"image\"},\"category\":{\"name\":\"News\",\"slug\":\"news\",\"custom_slug\":\"news\",\"parent\":null},\"publishdate\":\"2024-11-29 08:39:00\"},{\"id\":393557,\"slug\":\"2024-11-30-reveal-new-evidence-on-adani-deals-senators\",\"summary\":\"\u003cul\u003e\u003cli\u003eSenators asked the head of state to disclose the details of the new evidence he alluded to in his address.\u003c/li\u003e\u003cli\u003eAccording to the lawmakers, the President’s failure to tell the nation the nature of the information left more questions than answers.\u003c/li\u003e\u003c/ul\u003e\",\"synopsis\":null,\"title\":\"Reveal new evidence on Adani deals - senators\",\"writer\":\"Magdalene Saya\",\"writers\":[{\"id\":135,\"identifier\":\"XSwbQmcw\",\"slug\":\"julius-otieno\",\"old_id\":\"6276055992107008\",\"category\":\"journalist\",\"avatar\":\"https://cms.eu-central-1.linodeobjects.com/author/2024/09///lh3.googleusercontent.com/Vbmjm2A2ItYSvEK25KFqROzQsLpo4ocZN-K9nXkQ9fzB2Mb3rrjQVD-IIIXlxAeIj0cNhKYm3eqiVyliRMc-5XhbKsXnCQ.jpeg\",\"name\":\"JULIUS OTIENO\",\"title\":\"Political Reporter\",\"bio\":null,\"status\":\"Active\",\"email\":\"jullias.otieno@radioafricagroup.co.ke\",\"email_verified_at\":null,\"last_login\":null,\"user_active_product\":\"01J4P92BZTN2PXBYZRNP8HE5VM\",\"role_id\":6,\"assigned_products\":[1,2],\"type\":\"Inhouse_journalist\",\"story_rate\":\"0.00\",\"published_stories\":0,\"social\":{\"facebook\":\"https://www.facebook.com/julius.otieno.18\",\"twitter\":\"https://twitter.com/Juliusotieno04\",\"instagram\":null,\"linkedin\":null},\"phone_no\":\"0717698153\",\"deleted_at\":null,\"created_at\":\"2019-02-19T10:18:57.000000Z\",\"updated_at\":\"2024-11-21T11:18:30.000000Z\",\"password_changed_at\":\"2024-09-26 16:18:15\"}],\"kicker\":\"Say failure by Ruto to tell the nation the nature of the information leaves more questions.\",\"premium\":false,\"breaking\":false,\"viral_title\":null,\"word_count\":631,\"media\":{\"path\":\"https://cms.eu-central-1.linodeobjects.com/image/2024/11/2c47ff8b-14bd-46b5-b3fb-f59507c411f6.jpg\",\"thumbnail\":\"\",\"blur\":\"\",\"height\":\"\",\"width\":\"\",\"type\":\"image\"},\"category\":{\"name\":\"Realtime\",\"slug\":\"realtime\",\"custom_slug\":null,\"parent\":{\"name\":\"News\",\"slug\":\"news\",\"custom_slug\":\"news\",\"parent\":null}},\"publishdate\":\"2024-11-30 08:40:00\"},{\"id\":393649,\"slug\":\"2024-11-30-adani-finance-chief-rejects-us-bribery-allegations\",\"summary\":\"\u003cul\u003e\u003cli\u003e\u003cul\u003e\u003cli\u003e\\\"We know for sure, 100 per cent, that nothing of this sort happened. If we were paying that amount of cash to someone I would certainly know, so we know nothing happened,\\\" Singh said.\u003c/li\u003e\u003cli\u003ePresident William Ruto cancelled two major deals involving Adani, soon after the tycoon was indicted.\u003c/li\u003e\u003c/ul\u003e\",\"synopsis\":null,\"title\":\"Adani finance chief rejects US bribery allegations\",\"writer\":\"Allan Kisia\",\"writers\":[{\"id\":219,\"identifier\":\"66b3790408ea9\",\"slug\":\"allan-kisia-1\",\"old_id\":null,\"category\":null,\"avatar\":null,\"name\":\"Allan 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