The Adani Group had agreed to take over the running of Kenya's main airport, prompting an outcry.
Kenya's President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US prosecutors.
"In the face of undisputed evidence or credible information on corruption, I will not hesitate to take decisive action," said Ruto in a speech met with loud cheers inside parliament. Under the airport proposal, the upgrades would involve a new runway and an improved passenger terminal at the Jomo Kenyatta International Airport.
The airport deal sparked a strike among airport workers in September, as many feared it would lead to job losses.
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