Browsing Tag

cuts

Musk and Malema’s Clash Over Land Disputes and Budget Cuts in South Africa

The diplomatic ties between South Africa and the United States have recently taken a sharp turn toward tension. Central to this escalating strain is a dramatic clash between two notable figures: Elon Musk, a South African-born entrepreneur and advisor to former President Trump, and Julius Malema, the fiery leader of the Economic Freedom Fighters (EFF). Tensions came to a head when Musk, calling Malema an "international criminal," demanded sanctions against him for incendiary remarks during a rally. These remarks included the…

European Union cuts Kenyan navy funding in Somalia

The European Union cuts Kenya's military funding in Somalia NAIROBI, Kenya - The European Union has cut off Kenya's defense forces Somalia's budget by nearly half, giving further indication of the imminent exit of AMISOM troops from the Horn of Africa nation, which still grapples with the threat of Al-Shabaab. This will pave the way for the exit of FDK troops serving in AMISOM, and subsequent…

EU cuts KDF pay by $ 49 million for Somalia mission

NAIROBI, Kenya - Kenya Defense Forces will have to operate with a $ 49 million deficit in the 2021/22 budget, it emerged, after the European Union slashed donor repayments to Kenya by 66%, ahead of AMISOM's exit from Somalia . AMISOM troops are expected to withdraw from the Horn of Africa nation upon full implementation of the Somali transition plan by the end of 2021. AMISOM has nearly 22,000 troops in Somalia, fully paid by the European Union, the UN, the United States among other partners. In a report tabled in…

Ivorian cocoa: exporters want tax cuts

In Côte d'Ivoire, for a month now, cocoa exporters have stopped buying futures contracts for the next production season. They are asking for a discount on taxes and especially on the quality premium called the "country differential". Information revealed by Bloomberg Agency. It is an arm that is invisible to the public, but…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More