Indian billionaire Adani, who’s won porky tenders in Kenya, charged in US for defrauding investors
Th Adani Group is currently facing fraud charges in Kenyan court after it was controversially awarded a slew of porky tenders for upgrade of the East African country’s main airport, power generation and distribution and health insurance.
Adani dollar bonds plunge after Indian conglomerate’s billionaire chair is indicted in US
US authorities said on Wednesday that Adani Group Chairman Gautam Adani and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.
Billionaire Gautam Adani of India’s Adani Group charged in US with bribery, bond slump
In early Asian trading on Thursday, Adani dollar bonds slumped, with prices down between 3-5 cents on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.
Hours after Ukraine hit Russia with US-supplied ATACMS, it followed with UK Storm Shadow cruise missiles
The Storm Shadows have a range in excess of 250 kilometres (155 miles) and would give Ukraine the ability to hit targets far deeper into Russia than before.
Mausoleum holding Congo independence hero Lumumba’s gold-capped tooth is vandalised
A military coup toppled Lumumba, and he was arrested, jailed and later killed. His assassination, blamed on separatists, cleared the way for the rise of Mobutu Sese Seko, who ruled the country he later renamed Zaire for decades with support from Western powers until his death in 1997.
Trump’s resounding victory has reduced pollsters in US to idle peddlers of gossip, unreliable
Vanderbilt University political scientist Josh Clinton, who led a taskforce analysing how surveys performed in the 2020 election cycle, said he was worried that the apparent mismeasurement could amplify its possible cause: public distrust of polling and of political institutions writ large.
African health activists worry Trump presidency means a return of abortion ‘gag rule’, unsupportable pregnancies
Even NGOs in countries that outlaw abortion, such as Zimbabwe, are affected. Population Services Zimbabwe, for instance, closed its outreach clinics during Trump’s first term after losing funding due to its association with MSI Reproductive Choices.
Kenya’s diplomacy tested again after Ugandan opposition leader kidnapped in Nairobi surfaces in Kampala military court
Kizza Besigye’s wife wife Winnie Byanyima, the executive director of UNAIDS, wrote on the social platform X on Wednesday that her husband was “kidnapped” on Saturday in Kenya and that she was “reliably informed” that he was being held in a military jail.
Senior government says Kenya looking for fresh $750m from World Bank, $200m from AfDB
Raphael Owino, the director general of the Finance Ministry’s public debt management office, said the IMF’s October approval of the seventh and eigth reviews, which paved the way for a $606 million loan
Kenya eyes budget deficit of less than 3.8 per cent of gross domestic product in next fiscal year
The fiscal target for the next year will be lower than the 4.3 per cent of GDP in this financial year. The government was forced to raise the budget deficit for this year after deadly protests that forced President William Ruto to abandon proposed tax hikes.
