INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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GABONESE LEADER NGUEMA MARKS ONE YEAR SINCE COUP. (PHOTO).

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 Gabonese leader Nguema marks one year since coup


General Brice Oligui Nguema, the transitional president of Gabon, oversaw a military parade and other events on Friday to commemorate the first anniversary of the coup that ousted the Bongo dynasty, according to AFP.


Oligui, 48, who deposed president Ali Bongo Ondimba on August 30, 2023, moments after Bongo was proclaimed the winner in a presidential election, arrived at the parade standing on the back of a military vehicle.


In a speech, Oligui outlined initiatives for economic revitalisation and infrastructure development, acknowledging the challenges faced by the Gabonese people.


"Infrastructure is obsolete and almost non-existent in some provinces, the unemployment rate is very high," Oligui said.


"There are too many evils that overwhelm the Gabonese," the former head of the presidential guard, dressed in his red uniform, said on Friday.


"We decided to put the country under construction, to relaunch economic a ctivity and to promote the creation of wealth by putting in place support and assistance mechanisms," he added.


He promised to hand power back to civilians next year but hinted at his ambitions for the upcoming presidential elections.


The transitional government has pledged significant investments in infrastructure and social programs, including financial support for provinces, road construction, and youth employment initiatives.


On the anniversary, Oligui inaugurated several transportation projects, including the relaunched national airline, Fly Gabon.


The official celebrations also featured a military parade, a football match, a concert, and a fireworks display.


While the government has made progress in some areas, challenges such as water shortages, electricity cuts, and high living costs persist.


Gabon's reliance on imports and its high poverty rate also continue to be significant concerns.

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