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.
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.
A little dystopian: World’s billionaires pour money into changing biology of cows to reduce methane, veterinary dismiss it as ‘unnecessary’
Crop scientist and regenerative farmer Howard Vlieger says such a vaccine could be damaging to cows because it is being designed to target the organisms living in cows’ digestive system – organisms the animals need to digest fibre.
Pop star Taylor Swift fans invoke law used to scuttle New York mafia to sue Ticketmaster for driving up ticket costt for concertgoers
The new lawsuit is near-identical to the original federal case, but expands the scope to include fans of artists other than Taylor Swift and adds an alleged RICO violation to the list. The new allegation hinges on the premise that Ticketmaster and Live Nation coordinate with partner organizations to exert market dominance and squeeze consumers, in a way that meets the definition of an “enterprise” under the RICO act.
Australian mining company to pay Mali’s military rulers $160m to free detained CEO, employees
The Australian company has been working for years at Mali’s Syama gold mine, a large-scale operation in the country’s southwest. It holds an 80 per cent stake in mine, while the Malian government holds the remaining 20 per cent.
World Food Prize Foundation announces changes in leadership aimed at expanding its global reach
Each spring, the World Food Prize awards a $500,000 prize to someone who has helped food security. This year, Cary Fowler and Geoffrey Hawtin split the prize for their work to create a global seed vault built into the side of a mountain in Norway.
Nairobi, Kigali Africa lead to green energy switch as continent looks to bridge skills gap in labour market
One factor in Africa’s struggle to accelerate green industrial development is that the level of technical skills training is generally poor across the continent, especially outside a handful of higher-income countries.
