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Kenya's ex-PM disappointed as Adani deal for JKI airport expansion fails
Kenya's former prime minister Raila Odinga has said that he was disappointed when the Adani deal to expand and manage the Jomo Kenyatta International Airport (JKIA) collapsed, according to a media report on Friday.
Odinga, while speaking on the second day of the National Executive Retreat in Karen in Nairobi, also said that the deal was politicised, resulting in its cancellation, The Star newspaper reported.
"I was very disappointed when we were not able to move on with the airport contract that was very unfortunate, he was quoted as saying by the newspaper.
The leader of the Orange Democratic Movement (ODM) said should the deal have proceeded, it would have elevated Nairobi into a regional economic hub.
He said that the first expansion contract for JKIA was awarded during his tenure as the Prime Minister but was later on cancelled after the grand coalition government left office.
We had awarded the Greenfield airport contract before we left government with Mwai Kibaki in 2012. That contract was cancelled, then it was given to the same contractor but then again cancelled because of disagreements. When we got to Adani, they (the political rivals) brought politics and the contract was cancelled," he said.
If that is not done, Nairobi will just become dormant. Look at Addis Ababa, they are going and now putting up a new big airport and it's going to be the hub around, he added.
Under the proposed airport deal worth nearly $2 billion, the conglomerate was to add a second runway at JKIA and upgrade the passenger terminal. It was also to operate it on a 30-year lease.
Odinga said if the airport construction is done, it has the potential to become Africa's top airline.
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Business Standard
3 hours ago
- Business Standard
Kenya's ex-PM disappointed Adani deal for JKI airport expansion failed
Kenya's former prime minister Raila Odinga has said that he was disappointed when the Adani deal to expand and manage the Jomo Kenyatta International Airport (JKIA) collapsed, according to a media report on Friday. Odinga, while speaking on the second day of the National Executive Retreat in Karen in Nairobi, also said that the deal was politicised, resulting in its cancellation, The Star newspaper reported. "I was very disappointed when we were not able to move on with the airport contract that was very unfortunate, he was quoted as saying by the newspaper. The leader of the Orange Democratic Movement (ODM) said should the deal have proceeded, it would have elevated Nairobi into a regional economic hub. He said that the first expansion contract for JKIA was awarded during his tenure as the Prime Minister but was later on cancelled after the grand coalition government left office. We had awarded the Greenfield airport contract before we left government with Mwai Kibaki in 2012. That contract was cancelled, then it was given to the same contractor but then again cancelled because of disagreements. When we got to Adani, they (the political rivals) brought politics and the contract was cancelled," he said. If that is not done, Nairobi will just become dormant. Look at Addis Ababa, they are going and now putting up a new big airport and it's going to be the hub around, he added. Under the proposed airport deal worth nearly $2 billion, the conglomerate was to add a second runway at JKIA and upgrade the passenger terminal. It was also to operate it on a 30-year lease.
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Business Standard
6 hours ago
- Business Standard
Kenya's ex-PM disappointed as Adani deal for JKI airport expansion fails
Kenya's former prime minister Raila Odinga has said that he was disappointed when the Adani deal to expand and manage the Jomo Kenyatta International Airport (JKIA) collapsed, according to a media report on Friday. Odinga, while speaking on the second day of the National Executive Retreat in Karen in Nairobi, also said that the deal was politicised, resulting in its cancellation, The Star newspaper reported. "I was very disappointed when we were not able to move on with the airport contract that was very unfortunate, he was quoted as saying by the newspaper. The leader of the Orange Democratic Movement (ODM) said should the deal have proceeded, it would have elevated Nairobi into a regional economic hub. He said that the first expansion contract for JKIA was awarded during his tenure as the Prime Minister but was later on cancelled after the grand coalition government left office. We had awarded the Greenfield airport contract before we left government with Mwai Kibaki in 2012. That contract was cancelled, then it was given to the same contractor but then again cancelled because of disagreements. When we got to Adani, they (the political rivals) brought politics and the contract was cancelled," he said. If that is not done, Nairobi will just become dormant. Look at Addis Ababa, they are going and now putting up a new big airport and it's going to be the hub around, he added. Under the proposed airport deal worth nearly $2 billion, the conglomerate was to add a second runway at JKIA and upgrade the passenger terminal. It was also to operate it on a 30-year lease. Odinga said if the airport construction is done, it has the potential to become Africa's top airline.


Time of India
7 hours ago
- Time of India
HAL bags Rs 511 crore deal to acquire ISRO's SSLV rocket tech
Hindustan Aeronautics Ltd (HAL) has emerged as the winning bidder for the transfer of Indian Space Research Organisation's (ISRO) small satellite launch vehicle (SSLV) technology, marking one of the most significant technology transfers from the space agency to a commercial entity. The deal is worth Rs 511 crore. Under the agreement, HAL will independently build, own, and operate SSLV rockets, with ISRO providing training and handholding for two missions over the next two years, the space regulator and promoter, the Indian National Space Promotion and Authorisation Centre (IN-SPACe), announced on Friday. Among the three bidders, the public sector undertaking (PSU) HAL's standalone bid beat the Adani-backed Alpha Design Technologies consortium, comprising Agnikul Cosmos and Walchand Industries. The second consortium was led by Bharat Dynamics along with Skyroot Aerospace, Keltron, and BHEL to win the ₹511-crore tender. 'This is one of the first instances of a space agency transferring complete launch vehicle technology to a company. Under this transfer agreement, HAL will have the capability to independently build, own, and commercialise SSLV launches,' said Pawan Goenka, Chairman, IN-SPACe. HAL aims to manufacture 6-8 SSLV rockets per year, depending on demand, and is expected to generate about $6.5 million in revenue per launch. SSLV is a three-stage, solid-propulsion rocket by ISRO to launch small satellites of about 500 kg into a 500 km orbit. It's designed to be cost-effective and flexible, offering launch-on-demand capabilities with reduced turnaround times. 'The system is multidisciplinary in nature and will require rigorous training of HAL personnel at both ISRO and HAL sites,' said Rajeev Jyoti, director, technical directorate at IN-SPACe. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories IN-SPACe added that a rigorous eligibility and evaluation framework was followed. 'The process, which continued for several months, culminated in the financial bid evaluation, where HAL emerged as the highest bidder to acquire and operationalise SSLV technology ,' it said in a statement. The SSLV technology transfer will be formalised through an agreement involving HAL, ISRO, NewSpace India Ltd (NSIL) and IN-SPACe. HAL's director finance Barenya Senapati said winning the bid was in line with HAL's larger goal of entering the space sector in a bigger way than it has been doing in the past. He added that the new portfolio will not affect its current operations. HAL and Larsen & Toubro (L&T) are already jointly building ISRO's trusted Polar Satellite Launch Vehicles (PSLV) rockets under a contract with NewSpace India Limited (NSIL). The contract for five PSLV rockets is worth Rs 860 crore, that is, each PSLV rocket costs approximately Rs 172 crore to build. Following the announcement of the winning bid, shares of HAL settled 1.18% higher at Rs 4,960 on Friday.