Hosni Mubarak has Died

-
Former Egyptian President Hosni Mubarak died today at 91 years of age. He has been battling a long illness.
Source : Middle East Monitor

The former head of state,  who served as President of Egypt for 30 years, left a legacy of corruption, brutality, repression, and economic crisis.
The ousted leader stood down as president of the Egyptian republic in the aftermath of the popular revolution in 2011 commonly called the Arab Spring.

Comments

Post a Comment

Popular posts from this blog

Cap Mining Royalties at 7.5% - Zambia Chamber of Mines

-
Image
Zambia’s Chamber of Mines has advised that mineral royalties should be capped at 7.5 percent in the 2020 budget. This is to safeguard the health of the mining sector and promote additional investment. A Zambian Mine. Source : daily maverick.co.za The mining body had this as part of its proposals to the finance ministry. It argued that the 2019 mining tax regime had raised the tax burden on mines to unsustainable and noncompetitive levels. Africa’s No.2 copper producer increased its sliding scale for royalties of four to six percent by 1.5 percentage points and introduced a new ten percent tax when the price of copper exceeded 7,500 dollars per tonne. The scale is adjusted so that royalties are paid at higher levels as commodity prices climb and are reduced as prices fall. The mineral royalty tax should also be tax-deductible for mining firms as making it non-deductible as Zambia does amounts to taxation on revenue not received, it said. The chamber said a proposed swi...
Read more

SportPesa Ends Operations In Kenya

-
Image
Kenyan online betting firm SportPesa on Saturday says it will be halting operations due to a drastic hike in taxes on betting stakes.   Sports betting Source: BettingShamnam Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports, with the government saying the gaming industry achieved a combined revenue of 204 billion shillings (2 billion U.S. dollar) last year. That sparked government concern about the social impact of betting, and in May Kenya introduced new gambling regulations, including a ban on advertising outdoors and on social media. This week, parliament voted an amended proposal raising the excise duty proposed in the 2019/20 (July-June) budget on the amount wagered at the time a bet is placed on all betting platforms to 20% from an initial 10percent. SportPesa says it is “disappointed” by the move and that it would s...
Read more

Zimbabwe Public Doctors Embark on Strike, Rejects Pay Offer

-
Image
Zimbabwe’s public sector doctors starts industrial action this Tuesday. They are demanding a further salary increase of 401 percent that must be paid in the U.S. dollar despite accepting an earlier offer from the government of a 60 percent pay rise. Zimbabwe Doctors Start Strike Source : Haru Matasa,, Aljazeera President Emmerson Mnangagwa’s government has proposed big pay rises for doctors and other public sector workers in an attempt to avert crippling strikes. Police have banned a series of protests called by the opposition in major cities and have used tear gas and water cannon to disperse recent demonstrators. The main unions representing doctors and teachers, who make up the bulk of public service workers, are saying that they had rejected the government’s salary offers. This would have been an avenue where the lowest paid worker will be earning 1,023 Zimbabwe dollars or 90.45 US dollar a month. The doctors accepted thei...
Read more