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The Adani Group Plans to Take Up New Projects In Africa

The conglomerate will be able to diversify its portfolio and earn the reputation of being one of the biggest global conglomerates. The business group will also be able to recover from the losses that it incurred during the Adani Crisis.

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The Adani Group Plans to Take Up New Projects In Africa

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  1. The Adani Group Plans to Take Up New Projects In Africa

  2. Gautam Adani, one of the biggest business tycoons and also one of the world’s wealthiest businessmen has currently had his eyes set on East Africa particularly Kenya. In the last few months, he has taken up a lot of moves which are directly aimed at increasing his control over the African Empire. His latest venture involves taking control of Kenya’s Jomo Kenyatta International Airport (JKIA). He is also planning on enhancing his presence in the port sector.

  3. With these initiatives, the Adani Group will be able to take one step ahead towards enhancing its global presence. The global business tycoon will also be able to take his business to new heights and earn an excellent reputation for itself. The Adani Group’s revenue generation will also increase. The conglomerate will be able to diversify its portfolio and earn the reputation of being one of the biggest global conglomerates. The business group will also be able to recover from the losses that it incurred during the Adani Crisis.

  4. Adani Group To Take Control Over Kenya’s Jomo Kenyatta International Airport (JKIA): On 30th August 2024, Adani Enterprises incorporated Airports Infrastructure PLC (AIP). This Kenya-based subsidiary was set up by Global Airports Operator. This Abu Dhabi-based company is also a wholly-owned subsidiary of Adani Enterprises. This subsidiary was built with a share capital of Ksh 6.75 million. This involves 6,750 shares which are valued at Ksh 1,000. The Adani Group’s ambitious plan for this airport is to operate, maintain, and modernise the airport under a 30-year concession.

  5. The recent proposition involves an investment of 350 million USD. This would be used for the development of a new terminal, apron, and taxiway system. An additional 92 million USD will also be spent on infrastructure improvement. As a part of the plan, the Adani Group also aims to carry out city-side development activities. It also plans on creating hospitality and business centres for travellers as well as city residents. However, this initiative taken up by the Adani Group was met with a lot of resistance.

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