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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ETHIOPIAN PARLIAMENT APPOINTS FM AS NEW PRESIDENT. (PHOTO).

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 Ethiopian parliament appoints FM as new president


The two houses of the Ethiopian parliament on Monday appointed Foreign Minister Taye Atske Selassie as the country's new president.


Selassie replaces Sahle-Work Zewde. This transition follows widespread speculation about President Sahle-Work’s potential resignation, fueled by a cryptic social media post she shared last week.


On Saturday, Sahle-Work posted a tweet that many viewed as an indication of her possible resignation. Quoting Mahmoud Ahmed’s song “Silence is My Answer,” she tweeted: “When a person feels sad and broken, when he has got no place to go, hope is his only hope.” This emotionally charged statement, coupled with reports from The Habesha suggesting that she might resign as early as next week, has ignited public debate and rumors about her future.


Sahle-Work’s tweet came during a period of increased public criticism, particularly concerning her perceived silence in addressing the ongoing conflicts in various parts of Ethiopia.

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