Adani sets a subsidiary in Kenya to conclude JKIA takeover despite protests from Kenyans

Published: Sep 01, 2024 Duration: 00:03:42 Category: News & Politics

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said tonight the controversy surrounding the Takeover of jok Kenyata international airport by a Dan group Holdings has deepened with the Indian Farm setting up a subsidiary farm right here in Kenya to conclude the deal in Readiness for the signing of the partnership agreement the move has raised Jitters amongst various stakeholders and Kenya airport Workers Union that is C over the uncertainty of their jobs in looming realignments and as steeven Leo now reports Kenya airports Authority has dispatched a delegation of 16 members to India for further negotiations of the deal the clock continues to take towards the plan takeover of Kenya's largest International Airport JK with the Dany Enterprises the Indian Farm poised to be handed to the operations at the management of the regional Hub setting up a Kenyan subsidiary ahead of November takeover date Dany has now Incorporated a local Farm dabbed airport infrastructure PLC in filings done with the National Stock Exchange of India in their papers the new subsidiary will take over operate maintain develop design construct upgrade modernize and manage the airports this is an indication that the deal is already on the runway for takeover with the deal shrouded in secrecy Kenya airport Workers Union C are uping arms over uncertainty of their jobs airport workers staged a protest at the JK on Monday to oppose the public private partnership that will allow adani group Holdings to take over operations at one of the East Africa's busiest airports in a letter to Kenya airports Authority and copy to transport CS devis chur C wants an immediate stoppage of all engagements with the Indian based Farm we are still uh in the 7 day uh period delay however we are demanding for immediate answer from K on the three issues in an event that they ignored we will review that position and we will we will review the position on on the strike status and we'll communicate that the adani jka Takeover push that is causing Jitters says in part that the government will grant concession to ad Dan to finance build and operate the project for 30 years and then give the company an equity stake in perpetuity in addition a concession agreement seeking unexpected 18% annual return on investment to sweeten the deal adani proposes a 97 billion Shillings investment in developing a new terminal building Associated apron taxiway system and two rapid exit taxiways the airport workers claim the T of aush is being hurried with already a team of 16 from Ka jetting out of the country for India Tuesday for due diligence K and by extension the government cannot be going to India to do due diligence even before the union is aware of what is contained in in the in the in the documents the concession agreement and whatnot so why the rash workers are also raising concerns over possible job losses occasioned by New Management as well as a review of existing contracts with uncertainity in projected salary and allowances reviews in the contract certain employees will be transferred to adani during the transition period with Ka expected to retain or transfer the remaining employees to other place of employment Sten Lor Citizen TV

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