Betting, gaming players warn against more taxes

Betting, gaming players warn against more taxes

The proposed value-added tax (VAT) on betting and the increase in excise duty to 20 percent in Kenya could lead to the disappearance of at least 80 percent of sportsbook bets in the market, making investment in the sector unviable and triggering capital flight.

On This Day: Russia’s worst recorded earthquake killed 1,989 people in 1995

On This Day: Russia’s worst recorded earthquake killed 1,989 people in 1995

– In 1940, Belgium’s King Leopold surrendered to the invading Germans in World War Two, and the evacuation of defeated Allied armies from Dunkirk began, saving a total of 224,585 British and 112,546 French and Belgian troops.

A look into the diverse tax reforms being implemented across Africa

A look into the diverse tax reforms being implemented across Africa

Countries in Africa have implemented various tax policy measures in the last 3 years, including new taxes on different sectors, increased taxes on certain goods and services, and changes to tax exemptions.

Genome study reveals prehistoric Ethiopian origins of coffee

Genome study reveals prehistoric Ethiopian origins of coffee

Coffee made from the Arabica bean is the most appreciated by coffee drinkers. Researchers have unlocked the genome of the Arabica species, tracing its origins to a natural mating between two other coffee species in Ethiopia. Arabica has low genetic diversity due to inbreeding and small population size. Arabica represents the majority of the world’s coffee production and is known for its superior flavor compared to Robusta coffee. Arabica was found to have formed as a natural hybridization between Coffea canephora and Coffea eugenioides.