Tanzania has affirmed its commitment to honour contracts with Adani Ports, a unit of the Adani Group, amid US Securities and Exchange Commission (SEC)’s allegations of bribery and fraud against Gautam Adani, the group's chairman. A senior official from Tanzania's ports authority confirmed the government's stance, emphasising the importance of the agreements.

The development follows the indictment of Gautam Adani and his nephew in the United States last week for their alleged involvement in a $265 million bribery scheme to secure power-supply contracts in India. Arrest warrants have been issued for both individuals, though the Adani Group has denied the accusations.

In May 2024, Tanzania finalised a 30-year concession agreement with Adani Ports to operate Container Terminal 2 at Dar es Salaam port. Additionally, Adani Ports acquired a 95% stake in Tanzania International Container Terminal Services, a state-owned entity, through a share purchase agreement valued at $95 million.

"We don't have any problems with anyone. Everything we are doing is according to our laws and agreements," Tanzania Ports Authority Director General Plasduce Mbossa told Reuters late on Tuesday when asked about the contracts' status.

"For contracts we have, we don’t have such claims (of wrongdoing). If there are other people who are taking actions, then they are doing so according to their reasons."

In neighbouring Kenya, President William Ruto recently annulled an agreement with a unit of the Adani Group to construct power transmission lines. Additionally, the Kenyan government cancelled a proposal involving the development of a second runway at Jomo Kenyatta International Airport and the modernisation of its passenger terminal. The deal, which included a 30-year lease arrangement, was scrapped as part of the government's reassessment of infrastructure contracts.