Browsing Tag

cuts

Erdoğan declares that Turkey is severing economic connections with Israel.

President Recep Tayyip Erdoğan declared that Türkiye has completely severed and is continuing to sever all commercial relations with Israel in response to the conflict in Gaza. Speaking at the fifth conference of the Inter-Parliamentary Jerusalem Platform in Istanbul on April 26, Erdoğan stated, "The Israeli authorities believe they can silence us, but they cannot control my heart or words. Their efforts are futile." Erdoğan highlighted Türkiye's recent decision to impose trade restrictions on Israel, including…

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…

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