1 00:00:02,440 --> 00:00:06,800 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,080 --> 00:00:13,200 Speaker 2: Guantum Dani, the Indian infrastructure billionaire, is making waves in 3 00:00:13,320 --> 00:00:23,320 Speaker 2: East Africa and not everyone's happy. But even as a 4 00:00:23,400 --> 00:00:27,120 Speaker 2: court suspends the Donny's plan to take over Kenya's main airport, 5 00:00:27,520 --> 00:00:30,440 Speaker 2: he's doing more deals with the Kenyan government and uther 6 00:00:30,640 --> 00:00:32,479 Speaker 2: governments across East Africa. 7 00:00:32,760 --> 00:00:36,680 Speaker 3: Their Danni Group are investing in the transmission line, their 8 00:00:36,720 --> 00:00:39,800 Speaker 3: money ninety five billion. We would have otherwise gone to 9 00:00:39,840 --> 00:00:42,680 Speaker 3: borrow that money, but the people of Kenya and it 10 00:00:42,760 --> 00:00:46,599 Speaker 3: is important for us as a nation to appreciate that 11 00:00:46,720 --> 00:00:50,600 Speaker 3: a partnership between public and a private sector gives us 12 00:00:50,680 --> 00:00:51,920 Speaker 3: a win win outcome. 13 00:00:52,240 --> 00:00:56,600 Speaker 2: On this week's Next Africa Podcast, we'll ask who is Guantumadoni. 14 00:00:56,960 --> 00:00:59,960 Speaker 2: Is he bringing much needed private sector investment to East 15 00:01:00,120 --> 00:01:03,880 Speaker 2: Africa or are Kenyan's right to be worried that their 16 00:01:03,920 --> 00:01:11,959 Speaker 2: assets are being sold off too cheaply. I'm Jennifer's Abasaja 17 00:01:12,080 --> 00:01:15,160 Speaker 2: and this is the Next Africa Podcast, bringing you one 18 00:01:15,240 --> 00:01:18,320 Speaker 2: story each week from the continent driving the future of 19 00:01:18,360 --> 00:01:26,520 Speaker 2: global growth with the context only Bloomberg can provide. Joining 20 00:01:26,600 --> 00:01:30,360 Speaker 2: me to discuss Guantamadanni is pr Sanjay Bloomberg senior reporter 21 00:01:30,480 --> 00:01:34,600 Speaker 2: based in Mumbai and also Helen Yambura, our East Africa 22 00:01:34,640 --> 00:01:37,640 Speaker 2: bureau chief. Thank you both so much for being here 23 00:01:37,640 --> 00:01:39,280 Speaker 2: and helping us unpack this story. 24 00:01:39,800 --> 00:01:41,360 Speaker 1: Sanjay, can we just start with you. 25 00:01:41,360 --> 00:01:43,520 Speaker 2: Can you give us a bit of background on A 26 00:01:43,640 --> 00:01:47,160 Speaker 2: Donnie for people who maybe haven't heard much from him. 27 00:01:47,200 --> 00:01:50,000 Speaker 2: I mean, how did he amass the billions that he 28 00:01:50,160 --> 00:01:51,440 Speaker 2: has at this point? 29 00:01:52,280 --> 00:01:55,200 Speaker 4: But A Donnie Group is a watch conglomerate with the 30 00:01:55,240 --> 00:01:59,920 Speaker 4: listed and unlisted subsidies doing business and everything from Paul 31 00:02:00,200 --> 00:02:04,120 Speaker 4: to power, with a reach spanning from India to Africa 32 00:02:04,200 --> 00:02:10,519 Speaker 4: and Australia. Over three decades, billionaire tycoon ga Adhani built 33 00:02:10,520 --> 00:02:16,360 Speaker 4: a vast infrastructure network across India that's become indispensable for 34 00:02:16,480 --> 00:02:21,720 Speaker 4: both local business and maybe foreign companies like Apple, Amazon, etc. 35 00:02:22,560 --> 00:02:26,000 Speaker 4: After dropping out of college, Adhani tried this like in 36 00:02:26,080 --> 00:02:30,799 Speaker 4: Mumbai's diamond industry in early nineteen eighties. He soon moved 37 00:02:30,840 --> 00:02:33,360 Speaker 4: back to his home state of Gujarat to run his 38 00:02:33,480 --> 00:02:37,280 Speaker 4: brother's plastic business before setting up in nineteen eighty eight 39 00:02:37,520 --> 00:02:42,600 Speaker 4: Adani Enterprises Limited, the group's flagship commodity trader. A decade later, 40 00:02:43,080 --> 00:02:46,480 Speaker 4: he started to operate the Port of Mundra, which is 41 00:02:46,560 --> 00:02:51,399 Speaker 4: located on the coast of arabianc eventually building India's largest 42 00:02:51,639 --> 00:02:57,760 Speaker 4: private sector port operator, and it operates airports, It operates ports, 43 00:02:57,919 --> 00:03:01,640 Speaker 4: it has transmission lines, it has Glean energy farm which 44 00:03:01,680 --> 00:03:04,960 Speaker 4: is ready. That is everything everything. 45 00:03:05,800 --> 00:03:11,040 Speaker 2: So maybe then let's bring in Helen into the conversation. Helen, 46 00:03:11,080 --> 00:03:14,480 Speaker 2: and let's talk about Kenya, because this is really why 47 00:03:14,760 --> 00:03:18,359 Speaker 2: we are talking about Donnie in our Next Africa podcast 48 00:03:18,400 --> 00:03:22,040 Speaker 2: and what he's been doing specifically in East Africa. Helen, 49 00:03:22,080 --> 00:03:24,960 Speaker 2: can you just give us some context as to the 50 00:03:24,960 --> 00:03:28,160 Speaker 2: investments that a Donnie has been looking at in Kenya, 51 00:03:28,240 --> 00:03:29,320 Speaker 2: maybe specifically. 52 00:03:29,760 --> 00:03:34,320 Speaker 5: So what we've heard is two deals. The first deal 53 00:03:34,560 --> 00:03:38,720 Speaker 5: is in transmission lines, so different subsidiaries in the way 54 00:03:38,800 --> 00:03:42,680 Speaker 5: the conglomerates have been looking at different sectors. But earlier 55 00:03:42,680 --> 00:03:46,280 Speaker 5: this month, the Kenyan Energy Ministry announced that the government 56 00:03:46,320 --> 00:03:51,360 Speaker 5: has center deal for transmission lines for about seven thirty 57 00:03:51,400 --> 00:03:56,400 Speaker 5: six million dollars. Danny, the subsidiary that's looking to do this, 58 00:03:56,760 --> 00:04:00,440 Speaker 5: wants to finance, construct and to perate those lines for 59 00:04:00,480 --> 00:04:03,720 Speaker 5: three decades. We've seen that the Kenyan High Court has 60 00:04:03,760 --> 00:04:08,800 Speaker 5: suspended that deal and similarly it's suspended another deal in 61 00:04:08,800 --> 00:04:13,560 Speaker 5: which another yet another subsidiary over Danny wants to lease 62 00:04:13,640 --> 00:04:17,040 Speaker 5: the biggest airport in Kenya, that's a jomokin At Airport 63 00:04:17,120 --> 00:04:22,240 Speaker 5: in the capitol, Nairobi. It wants to lease and operate 64 00:04:22,360 --> 00:04:26,440 Speaker 5: that airport for thirty years, so a similar length of 65 00:04:26,480 --> 00:04:29,160 Speaker 5: time as the transmission lines that it wants to put up. 66 00:04:29,920 --> 00:04:34,599 Speaker 5: It initiated a private speed for the airport. So those 67 00:04:34,640 --> 00:04:38,440 Speaker 5: are the two deals that have been confirmed in Kenya, 68 00:04:38,480 --> 00:04:41,400 Speaker 5: but it's likely that it's also looking at other. 69 00:04:42,080 --> 00:04:46,520 Speaker 2: Sectors other places too, Helen, right, I mean, Kenya isn't 70 00:04:46,560 --> 00:04:49,919 Speaker 2: the only place that Dani has been eyeing in terms 71 00:04:49,320 --> 00:04:50,960 Speaker 2: of new deals. 72 00:04:51,520 --> 00:04:54,800 Speaker 5: The deals in Kenya have been a bit controversial, but 73 00:04:54,920 --> 00:04:58,479 Speaker 5: in neighboring t and Zania, we've seen at least two deals. 74 00:04:58,960 --> 00:05:03,000 Speaker 5: We've seen the Adani's he talks to invest about nine 75 00:05:03,080 --> 00:05:07,200 Speaker 5: hundred million dollars in power transmission lines, so something similar 76 00:05:07,240 --> 00:05:13,120 Speaker 5: to Kenya. It's also acquired shareholding in Tanzania International Container 77 00:05:13,200 --> 00:05:17,640 Speaker 5: Terminal Services in a joint venture together with Abu Dhabi Ports, 78 00:05:17,680 --> 00:05:22,920 Speaker 5: so that's the biggest container company in Tanzania. And separately, 79 00:05:23,760 --> 00:05:27,600 Speaker 5: it's one right to operate the biggest container terminal at 80 00:05:27,600 --> 00:05:31,840 Speaker 5: the dress Lamport, which handles about eighty percent of Tanzania's 81 00:05:31,960 --> 00:05:36,520 Speaker 5: container volume. All these deals Tanzania and Kenya have been 82 00:05:36,560 --> 00:05:40,039 Speaker 5: announced in the past one year. So in just a 83 00:05:40,080 --> 00:05:44,200 Speaker 5: few months we've seen about five separate deals been announced 84 00:05:44,240 --> 00:05:45,320 Speaker 5: in East Africa. 85 00:05:45,480 --> 00:05:49,280 Speaker 2: Yeah, so very clearly targeting East Africa, Sanjai, I mean, 86 00:05:50,360 --> 00:05:55,280 Speaker 2: why is Adani focusing his efforts then on the region? 87 00:05:55,320 --> 00:05:57,320 Speaker 2: I mean what do you make of this, especially as 88 00:05:57,360 --> 00:05:59,560 Speaker 2: you paint a picture for us about what he has 89 00:05:59,600 --> 00:06:01,680 Speaker 2: been doing in his own home country. 90 00:06:01,680 --> 00:06:05,120 Speaker 1: I mean why East Africa now, So it's a very 91 00:06:05,120 --> 00:06:05,839 Speaker 1: interesting question. 92 00:06:06,200 --> 00:06:08,800 Speaker 4: So this is the world which is looking beyond China 93 00:06:09,000 --> 00:06:13,200 Speaker 4: or China plus one. It is indeed a kind of 94 00:06:13,200 --> 00:06:18,640 Speaker 4: a Chinese styled expansion by Adani here a conglomerate. Adani 95 00:06:18,760 --> 00:06:22,239 Speaker 4: Group has touched all walks of lives in India and 96 00:06:22,360 --> 00:06:26,479 Speaker 4: as a natural progression, it would definitely look beyond India. 97 00:06:26,480 --> 00:06:29,400 Speaker 1: Of course, his heart is where home is. 98 00:06:29,440 --> 00:06:33,120 Speaker 4: He's focusing more in intensifying investments in India, but he 99 00:06:33,160 --> 00:06:37,160 Speaker 4: would also look beyond India, and it is indeed a 100 00:06:37,279 --> 00:06:42,920 Speaker 4: Chinese styled expansion by the conglomerate. Those potential ventures include Bangladesh, 101 00:06:43,200 --> 00:06:48,600 Speaker 4: East Africa, Southeast Asian nations including Tanzania, Vietnam, Sri Lanka, 102 00:06:48,640 --> 00:06:53,320 Speaker 4: and Israel with the Haifa Port Israel, Bhutan, et cetera. 103 00:06:53,680 --> 00:06:58,240 Speaker 4: So East African nations, what the thinking of the conglomerate 104 00:06:58,440 --> 00:07:01,880 Speaker 4: is like the air to have type where there is 105 00:07:01,920 --> 00:07:05,200 Speaker 4: a two way trade between India and those nations and 106 00:07:05,440 --> 00:07:11,200 Speaker 4: they claim that there's historic trade links there between East 107 00:07:11,240 --> 00:07:13,600 Speaker 4: African nations and India. 108 00:07:13,880 --> 00:07:16,400 Speaker 2: Stick with us, Sanjay and Helen. When we come back, 109 00:07:16,440 --> 00:07:19,480 Speaker 2: we're going to dig into more of these investments by 110 00:07:19,480 --> 00:07:23,360 Speaker 2: Adanni outside of India and even some of the controversies 111 00:07:23,400 --> 00:07:25,760 Speaker 2: around them, as Helen pointed out. 112 00:07:25,600 --> 00:07:26,560 Speaker 1: So we'll be right back. 113 00:07:31,720 --> 00:07:34,600 Speaker 2: So welcome back today on the podcast, we're looking into 114 00:07:34,880 --> 00:07:39,280 Speaker 2: Indian billionaire Guantamadani, whose investments in East Africa are coming 115 00:07:39,400 --> 00:07:41,640 Speaker 2: under scrutiny but also getting quite a bit of attention. 116 00:07:42,160 --> 00:07:46,520 Speaker 2: We have PR Sanjay and also Helen Yambura joining us. Helen, 117 00:07:46,880 --> 00:07:51,080 Speaker 2: let's just go back to you and talk about what's 118 00:07:51,120 --> 00:07:52,840 Speaker 2: been happening in particular in Kenya. 119 00:07:52,880 --> 00:07:54,200 Speaker 1: You talked about this a bit. 120 00:07:54,520 --> 00:07:57,720 Speaker 2: There was a court that did suspend the deal to 121 00:07:58,240 --> 00:08:01,400 Speaker 2: buy the biggest airport in Yeah, but before that there 122 00:08:01,400 --> 00:08:06,160 Speaker 2: were also protests and strikes around this initial deal. I mean, 123 00:08:06,640 --> 00:08:10,480 Speaker 2: why was there so much concern and criticism about a 124 00:08:10,600 --> 00:08:13,200 Speaker 2: Danny trying to make this deal happen. 125 00:08:13,520 --> 00:08:17,800 Speaker 5: This new contention that Kenya needs the private capital for 126 00:08:19,040 --> 00:08:23,480 Speaker 5: the really big infrastructure project. Kenyan is in dire straits 127 00:08:23,520 --> 00:08:27,160 Speaker 5: in terms of its public finances. So yeah, everybody agrees 128 00:08:27,600 --> 00:08:31,080 Speaker 5: that Kenya does need, you know, foreign direct investment from 129 00:08:31,440 --> 00:08:36,400 Speaker 5: companies with deep pockets. But the reason that this proposal 130 00:08:36,800 --> 00:08:40,880 Speaker 5: has met with so much resistance is the opacity that 131 00:08:41,000 --> 00:08:45,640 Speaker 5: surrounds it. We only got to know this deal through 132 00:08:45,720 --> 00:08:50,160 Speaker 5: a whistle blower who reached out to Kenyan lawmaker a 133 00:08:50,240 --> 00:08:53,160 Speaker 5: Senate term. Also, the terms of the deals are a 134 00:08:53,200 --> 00:08:56,400 Speaker 5: bit questionable. According to Kenyan's at the end of the 135 00:08:56,480 --> 00:09:00,880 Speaker 5: thirty year concession, a Danny is going to holders take 136 00:09:00,960 --> 00:09:03,880 Speaker 5: in it. Even the amount of one point eight billion 137 00:09:04,080 --> 00:09:09,079 Speaker 5: dollars investment seems a little too little for the type 138 00:09:09,120 --> 00:09:13,240 Speaker 5: of investment that's needed to keep the Kenyan Airport as 139 00:09:13,240 --> 00:09:16,959 Speaker 5: a leader in the region. We have Ethiopia and Ruanda 140 00:09:17,080 --> 00:09:24,200 Speaker 5: investing double almost triple that amount to create hubs for themselves. 141 00:09:24,559 --> 00:09:27,640 Speaker 5: That's the main fear that I'm hearing with Kenyons that 142 00:09:27,880 --> 00:09:30,520 Speaker 5: you know, a done will come in and there'll be 143 00:09:30,600 --> 00:09:34,360 Speaker 5: job losses, and that's what led to the strike by 144 00:09:34,400 --> 00:09:39,280 Speaker 5: a Vision workers one day. They disrupted operations in what's 145 00:09:39,320 --> 00:09:41,880 Speaker 5: a really key hub for the region. 146 00:09:42,360 --> 00:09:45,120 Speaker 2: Sandrea is mentioning Chinese investment in the region, and I 147 00:09:45,160 --> 00:09:48,320 Speaker 2: remember in twenty twenty two during the Kenyon election just 148 00:09:48,400 --> 00:09:53,160 Speaker 2: talking about you know, Chinese investment into different infrastructure. So 149 00:09:53,240 --> 00:09:57,200 Speaker 2: potentially that is where some of the skepticism comes from. 150 00:09:57,280 --> 00:09:57,480 Speaker 4: You know. 151 00:09:57,520 --> 00:10:00,360 Speaker 2: I bring that election up because I wanted to know 152 00:10:00,880 --> 00:10:04,559 Speaker 2: President Ruto sort of where he falls in this, because 153 00:10:04,920 --> 00:10:08,439 Speaker 2: he clearly cannot ignore the issues that are coming up 154 00:10:08,679 --> 00:10:09,400 Speaker 2: around the steal. 155 00:10:09,440 --> 00:10:10,679 Speaker 1: I mean, what has he been saying. 156 00:10:11,520 --> 00:10:15,520 Speaker 5: So President Trutu says that he needs all the money 157 00:10:15,520 --> 00:10:20,720 Speaker 5: that he can get for big infrastructure projects, capital intensive projects, 158 00:10:20,960 --> 00:10:24,160 Speaker 5: but his hands are tied in that he does not 159 00:10:24,600 --> 00:10:28,720 Speaker 5: have the weigle room to borrow some more. So whatever 160 00:10:29,559 --> 00:10:33,480 Speaker 5: development projects that he wants to see role that will 161 00:10:33,480 --> 00:10:38,640 Speaker 5: have to come through private investment or public private partnerships. 162 00:10:38,960 --> 00:10:42,920 Speaker 5: So he is pushing for all the money that he 163 00:10:42,960 --> 00:10:48,360 Speaker 5: can get to do all those projects, whether it's electricity transmission, 164 00:10:48,800 --> 00:10:53,000 Speaker 5: whether it's roads, realis and so on. He defended the 165 00:10:53,160 --> 00:10:56,120 Speaker 5: transmission deal with the DANEY, saying that it will help 166 00:10:56,640 --> 00:11:00,760 Speaker 5: lower the cost of power in the country. Is defended 167 00:11:01,120 --> 00:11:07,200 Speaker 5: private investment in poler generation, in geothermal and root construction 168 00:11:07,320 --> 00:11:09,000 Speaker 5: is so on and Sanja. 169 00:11:09,760 --> 00:11:14,640 Speaker 2: What are the concerns about Donnie's businesses Helen speaking from 170 00:11:14,720 --> 00:11:18,480 Speaker 2: the perspective within Kenya, but there's suggestions that the group 171 00:11:18,520 --> 00:11:21,800 Speaker 2: is also facing scrutiny from regulators globally. 172 00:11:22,200 --> 00:11:25,679 Speaker 4: A DANI has always faced similar challenges in its history. 173 00:11:25,960 --> 00:11:30,360 Speaker 4: When it went to Australia with Carmichael Mine, the Green 174 00:11:30,400 --> 00:11:34,400 Speaker 4: Group was up and arms and they protested to the 175 00:11:34,520 --> 00:11:40,160 Speaker 4: nail and they still remained firm in Australia. And now 176 00:11:40,400 --> 00:11:43,480 Speaker 4: when they have investment, a huge investment in Sri Lanka 177 00:11:43,559 --> 00:11:46,920 Speaker 4: and when there's a political change, regime change, they are 178 00:11:46,960 --> 00:11:50,640 Speaker 4: also facing similarities with Sri Lanka now Kenny I, so 179 00:11:50,760 --> 00:11:53,840 Speaker 4: they are facing similar protesting Kenny as well. So the 180 00:11:53,960 --> 00:12:01,240 Speaker 4: main concern would be after Hindenburgk's research allegation January twenty 181 00:12:01,280 --> 00:12:05,040 Speaker 4: twenty three, they were trying to firmly coming back to 182 00:12:05,080 --> 00:12:09,120 Speaker 4: their aggressive expansion mode and then immediately they are facing 183 00:12:09,160 --> 00:12:13,920 Speaker 4: similar protests from Sri Lanka Kenya and even in the 184 00:12:13,960 --> 00:12:17,800 Speaker 4: case of Bangladesh because they were facing some issues with 185 00:12:18,720 --> 00:12:21,200 Speaker 4: getting funds because there's a change in the political regime. 186 00:12:21,480 --> 00:12:25,880 Speaker 4: So the immediate concern of Adani as a conglomerate would 187 00:12:25,920 --> 00:12:28,440 Speaker 4: be how to cool off, how to mitigate, how to 188 00:12:28,480 --> 00:12:31,760 Speaker 4: tie over the geopolitical crisis at this point of time. 189 00:12:32,360 --> 00:12:35,640 Speaker 2: So then sandre just on that, I mean, do any 190 00:12:35,679 --> 00:12:39,600 Speaker 2: of those other situations then potentially point to how they 191 00:12:39,640 --> 00:12:42,679 Speaker 2: will handle what's happening in Kenya. 192 00:12:43,840 --> 00:12:46,440 Speaker 4: So they are on a wait and watch mode because 193 00:12:46,480 --> 00:12:53,400 Speaker 4: as Helen pointed out, Kenya indeed need foreign investments and Adani, 194 00:12:53,800 --> 00:12:58,520 Speaker 4: which has been acclaimed for building airport's, ports and infrastructure projects, 195 00:12:58,520 --> 00:13:01,920 Speaker 4: they are very keen to have that kind of links with. 196 00:13:03,559 --> 00:13:04,640 Speaker 1: Any country for that matter. 197 00:13:04,720 --> 00:13:07,760 Speaker 4: The idea for Radan is to make India as a 198 00:13:07,800 --> 00:13:12,160 Speaker 4: maritime hub, and they are targeting countries that are high 199 00:13:12,200 --> 00:13:15,680 Speaker 4: on manufacturing or high on population which will lead to 200 00:13:15,840 --> 00:13:20,040 Speaker 4: high consumption. So Kenya or Tanzania both are very critical 201 00:13:20,080 --> 00:13:22,640 Speaker 4: to their scheme of things, so they would take a 202 00:13:22,640 --> 00:13:25,400 Speaker 4: pause and they would wait and watch. They will be 203 00:13:25,480 --> 00:13:28,440 Speaker 4: adopting a weight and watch mode because it's so critical 204 00:13:28,880 --> 00:13:31,120 Speaker 4: to their global expansion. 205 00:13:31,640 --> 00:13:32,199 Speaker 1: Strategy. 206 00:13:32,840 --> 00:13:36,440 Speaker 2: So there's no signs that he's going to be put 207 00:13:36,480 --> 00:13:39,640 Speaker 2: off by any of the resistance at this point in time. 208 00:13:40,679 --> 00:13:44,040 Speaker 5: I don't think so. He is looking to get a 209 00:13:44,080 --> 00:13:47,800 Speaker 5: foothold on the continent and I think he's going to 210 00:13:47,840 --> 00:13:48,800 Speaker 5: succeed in doing it. 211 00:13:49,679 --> 00:13:53,160 Speaker 2: Sanjay Helen, thank you both so much for joining us, 212 00:13:53,600 --> 00:13:55,560 Speaker 2: and you can read all of our coverage of the 213 00:13:55,600 --> 00:14:01,200 Speaker 2: Adoni Group across Bloomberg platforms. Here's a few other stories 214 00:14:01,240 --> 00:14:02,959 Speaker 2: we're watching in the region this week. 215 00:14:03,320 --> 00:14:04,960 Speaker 1: South Africa's coalition. 216 00:14:04,600 --> 00:14:09,160 Speaker 2: Government has delivered its first budget, showing improved growth forecast. 217 00:14:09,880 --> 00:14:12,720 Speaker 2: This is the first budget since the new business friendly 218 00:14:12,800 --> 00:14:17,000 Speaker 2: coalition took office back in June. Elections in May stripped 219 00:14:17,040 --> 00:14:20,840 Speaker 2: the anc of its parliamentary majority, or saying President Rama 220 00:14:20,880 --> 00:14:26,520 Speaker 2: Posa to find coalition partners and Botswana's governing party is 221 00:14:26,560 --> 00:14:29,560 Speaker 2: set to extend its almost six decade rule of the 222 00:14:29,600 --> 00:14:34,560 Speaker 2: diamond rich Southern African nation after Wednesday's elections, securing a 223 00:14:34,720 --> 00:14:40,080 Speaker 2: second five year term for President Massisi Messisi's Botswana Democratic 224 00:14:40,120 --> 00:14:43,120 Speaker 2: Party has been in power since independence from Britain in 225 00:14:43,240 --> 00:14:46,640 Speaker 2: nineteen sixty six and currently has thirty eight seats in 226 00:14:46,680 --> 00:14:47,520 Speaker 2: the legislature. 227 00:14:47,760 --> 00:14:48,320 Speaker 1: A majority. 228 00:14:48,360 --> 00:14:53,040 Speaker 2: The President says it's certain to maintain. And you can 229 00:14:53,080 --> 00:14:57,040 Speaker 2: follow these stories across Bloomberg, including the Next Africa newsletter. 230 00:14:57,320 --> 00:14:59,400 Speaker 2: Will put a link to that in the show notes. 231 00:15:02,000 --> 00:15:06,240 Speaker 2: This program was produced by Adrian Bradley. Don't forget to 232 00:15:06,320 --> 00:15:10,120 Speaker 2: follow and review this show wherever you usually get your podcasts. 233 00:15:10,800 --> 00:15:13,520 Speaker 2: I'm Jennifer's Abastagia. Thanks as always for listening.