Kenya’s President Ruto quashes three mega-dollar tenders controversially awarded to Adani Group
Adani Energy Solutions in October signed a 30-year, $736 million public-private partnership deal with the Kenya Electrical Transmission Company. A court suspended the contract in the same month after questions were raised about the transparency of the controversial deal.
For the love of rice, Sierra Leone launches push to free itself from costly food imports
Sierra Leone’s agriculture minister, Henry Kpaka Musa, accused the International Monetary Fund of pressuring Sierra Leone in the 1980s to stop investing in agriculture and open its markets to imports as a condition for receiving loans.
Kenyan lender KCB Group nine-month profit rises to $445 million from $314.7 million
It said loan-loss provisions rose to 17.78 billion shillings from 15.85 billion shillings in the year-ago period.
While regulators’ verdict in UK is pregnant women don’t need Covid vaccines, US endorses it
On its Covid-19 vaccine pregnancy page, the CDC warns that pregnant women are “more likely to get very sick from Covid-19” than other people. It also says they are more likely to need hospitalisation, intensive care, the use of a ventilator and experience complications such as preterm birth or stillbirth.
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.
