Adani Group announces intent to IPO Adani Airports by 2027

Indian conglomerate Adani Group is planning on publicly listing its airport unit Adani Airports by March 2027, unnamed firm executives told Bloomberg on Thursday. This listing comes as Adani Group looks to mobilize financing for its planned USD 100 bn investment push across energy, logistics, and infrastructure within the next five to six years.

ICYMI- Adani Airports was reported in April to be in talks with First Abu Dhabi Bank and other international lenders over a USD 750 mn loan to support capital expenditure and the refinancing of upcoming debt maturities

All of the 53 African nations China has diplomatic relations with will get tariff-free access to the world's second most populous market under a new pact soon to be negotiated and signed, Chinese Foreign Minister Wang Yi said last week at the opening of the China-Africa Economic and Trade Expo. The scrapping of tariffs across the whole continent extends its existing policy for least-developed countries to include middle-income nations, while adding additional support to least-developed countries.

China’s approach to tariffs in Africa is in stark contrast to its geopolitical rival America, with some countries like Lesotho facing tariffs as high as 50%, prominent economies like South Africa facing 30% tariffs, and the lucky few like Egypt with a more accommodating 10% tariff under the Trump administration’s new global tariff regime.