The Tanzanian government has opted to continue with a $95 million port contract with Adani Group, despite the Indian-owned company facing bribery allegations and the indictment of its chairman, Gautam Adani, by the US government. The decision comes as a surprise, given the controversy surrounding Adani Group, which has led to the cancellation of a deal with the company in Kenya.

According to Reuters, a senior official from Tanzania's ports authority confirmed that the country would proceed with the projects involving Adani Group, citing that the decision is in line with the country's laws and agreements. The contract, signed in May, grants Adani Ports a 30-year concession to operate Container Terminal 2 at the Dar es Salaam port, as well as a 95% stake in the state-owned Tanzania International Container Terminal Services for $95 million.

The controversy surrounding Adani Group began when Gautam Adani and his nephew were indicted by the US government for their alleged involvement in a $265 million scheme to bribe Indian officials in order to secure power-supply contracts. The news led to a significant decline in shares of companies related to Adani, including Adani Enterprises, Adani Green Energy, and Adani Ports and Special Economic Zone Ltd., which crashed by 20% in under two hours of trade.

In response to the allegations, Kenyan President William Ruto announced the cancellation of the country's main airport concession deal and the termination of a $736 million, 30-year public-private partnership deal signed last month by the energy ministry with an Adani Group. However, Tanzania seems to be taking a different approach, with Director General of Tanzania Ports Authority, Plasduce Mbossa, stating that the country is acting according to its laws and agreements.

The decision to proceed with the contract has raised questions about the Tanzanian government's stance on corruption and its commitment to upholding the rule of law. While the country's ports authority has maintained that it is acting in accordance with its laws and agreements, critics argue that the decision sets a bad precedent and undermines efforts to combat corruption in the region.

The implications of this decision are far-reaching, with potential consequences for Tanzania's reputation in the global community and its relationships with international partners. As the controversy surrounding Adani Group continues to unfold, it remains to be seen how this decision will impact Tanzania's economy and its position in the region.

In conclusion, the Tanzanian government's decision to proceed with Adani Group's $95 million port contract despite the bribery allegations and US indictment of Gautam Adani has sparked controversy and raised questions about the country's commitment to combating corruption. As the situation continues to develop, it is essential to monitor the implications of this decision and its potential impact on Tanzania's economy and reputation in the global community.