Tanzania will maintain its container terminal arrangement with Adani, according to an official
A senior official at the ports authority said that Tanzania wants to keep its contracts with an Adani Group unit even though the U.S. has charged the group’s billionaire chairman Gautam Adani with bribery and fraud.
Adani was charged with fraud last week, and he and his nephew were given arrest warrants for their alleged parts in a $265 million scheme to bribe Indian officials in order to get power deals. Adani Group has said that the claims are false.
On May, Tanzania signed a 30-year deal with Adani Ports, a part of the Adani Group, to run Container station 2, a container station in Tanzania’s Dar es Salaam port.
Adani Ports also agreed to buy 95% of the shares in Tanzania International Container Terminal Services, which is owned by the government, for $95 million.
“We’re not having any trouble with anyone.” “Everything we do is in line with our agreements and laws,” Plasduce Mbossa, Director General of the Tanzania Ports Authority, told Reuters late Tuesday night when asked about the status of the contracts.
As for the contracts we have, we don’t have any reports of wrongdoing like that. If other people are acting, they are doing so for their own reasons.
A deal that was made with an Adani unit to build power lines was thrown out by Kenya’s President William Ruto last week.
In return for a 30-year lease, he also dropped a plan to add a second runway to Jomo Kenyatta International Airport and improve the passenger terminal.
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