SHA: The Government of Kenya clarifies that Adani is not involved in the Taifa Care Program

• Government spokesman Isaac Mwaura rejected claims that the Adani Group was part of SHA, warning against spreading propaganda
• This came after President William Ruto canceled Adani-related deals such as the JKIA expansion and projects involving KETRACO
• Economist Loonena Naisho told TUKO.co.ke that the breakup of the Adani deal sets a precedent for the vetting and implementation of large infrastructure projects

TUKO.co.ke journalist Japhet Ruto has over eight years of experience in the financial industry, businessand technology reporting, and offers deep insight into economic trends in Kenya and the world.

The government has clarified that Gautam Adani, the Indian billionaire indicted in the US on bribery charges, is not covered by the Taifa Care health program under the Social Health Insurance Fund (SHIF).

Is Adani involved in SHA?

This comes after the president William Ruto canceled Adani-related deals such as the Jomo Kenyatta International Airport (JKIA) expansion and projects involving the Kenya Electricity Transmission Company Limited (KETRACO).

Kenyans on social media alleged that Adani was involved in SHIF. However, on Friday, November 29, a government spokesman Isaac Mwaura dismissed the complaints, warning against spreading propaganda.

“There is no agreement with Adani in the Community Health Office. Not a bad story. Any cartel that spreads false information is bad. There is no such thing,” Mwaura said in a short clip shared on his X account.

What does Adani transaction cancellation mean?

– said economist Loonena Naisho TUKO.co.ke That scrapping Adani offers sets a precedent for how large infrastructure projects are verified and implemented.

He explained that a focus on competitive bidding and transparent procurement processes will likely lead to more cost-effective and efficient project delivery in the future.

“The way forward requires a careful balance. Kenya must maintain its development momentum while ensuring that new partnerships meet rigorous governance standards. This may mean longer procurement processes and more detailed project evaluations, but ultimately these measures will lead to more sustainable and beneficial infrastructure development.

He noted that while Adani may downplay the impact of the cancellations, the decision represents a significant shift in Kenya’s development paradigm.

“It is a bold statement that the quality of partnership matters as much as the speed of development and that transparency and accountability are non-negotiable elements of the future of infrastructure in Kenya,” Naisho said in an exclusive interview with TUKO.co.ke.

Has Kenya legally terminated Adani’s contracts?

Days after President William Ruto ordered the cancellation of the Adani Group’s multi-billion contracts, the government did so legally completed transactions amounting to KSh 637 billion.

Treasury Cabinet Secretary (CS) John Mbadi informed Parliament that the government had done so withdrew from the contracts requiring the Indian company to operate KETRACO and JKIA for 30 years.

Mbadi revealed this while appearing before the Public Debt and Privatization Committee of the National Assembly.

Source: TUKO.co.ke