Adani Ports and Special Economic Zone Ltd., the company founded by billionaire Gautam Adani, is venturing into South Africa as part of its renewed international expansion efforts to bolster its position in the global maritime industry. The move comes after the company faced challenges following a bribery investigation last year.

According to Karan Adani, managing director at Adani Ports, the company is evaluating port projects in South Africa to enhance its presence in Africa. Adani is looking at opportunities in both East and West Africa, signaling a significant push into the continent. This expansion plan is crucial to the company's goal of doubling its share of overseas business to 15% by 2030.

Adani Ports currently holds international assets in Sri Lanka, Tanzania, Australia, and Israel. The company's global expansion efforts were put on hold last year due to a $265 million bribery investigation by the US Department of Justice, which led to the indictment of Gautam Adani and several key executives. The billionaire has denied the allegations.

Despite the setbacks, Adani Ports is now refocusing on international expansion. The planned expansion into South Africa aligns with the country's efforts to revitalize its deteriorating rail and port infrastructure, which has been hindering export activities. This move could provide a significant boost to South Africa's economy and trade activities.

Interestingly, Adani Ports has abandoned plans to explore projects in Kenya, although the reasons behind this decision were not disclosed. Kenya had previously cancelled $2.6 billion worth of contracts related to airports and power transmission with Adani Ports following the bribery investigation.

The Adani group's renewed expansion efforts are a testament to its resilience and commitment to growth. As the company expands its presence in Africa, it will be interesting to see how it navigates the complexities of the global maritime industry and addresses the challenges that come with it.

In conclusion, Adani Ports' exploration of South Africa expansion opportunities marks a significant milestone in its global maritime ambitions. As the company continues to grow and expand, it will be crucial to monitor its progress and assess its impact on the global economy.