Zambia: The British people vote to leave the EU, their currency collapses to levels last seen in 1985

Story from the Lusaka Time Webite

The British people have voted to ldownload after a historic referendum in which they rejected the advice of the main Political leaders and instead took a plunge into the political unknown, sending the value of the pound into a wild swing, recording to a 9% drop and hitting its lowest level against some foreign currencies since 1985. Read More

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USA: Rapper 50 Cent files for bankruptcy

Rapper and business mogul 50 Cent has filed for bankruptcy, a stunning financial turn considering 50 centhis estimated net worth had been pegged at $155 million as recently as May.

The recording artist, who filed for bankruptcy under his real name of Curtis James Jackson II, did so in U.S. bankruptcy court in Connecticut. He listed his estimated assets between $10 million to $50 million, with liabilities in the same range. Those figures call earlier estimates into question.

Though Jackson first became known for his career as a popular rapper, his business dealings are almost equally legendary. He made a reported $100 million when VitaminWater, in which Jackson was an investor, was sold to Coca Cola. Other moves were less successful: a clothing line has since shuttered, a headphones debacle resulted in a multi-million dollar lawsuit, and a vodka partnership failed to generate significant buzz on liquor shelves. 50 Cent is still trying to make waves in the audio world, as Fortune previously reported.

Earlier this month, Jackson was ordered to pay $5 million to a woman who said Jackson acquired an adult video she made with her boyfriend before posting it online without the woman’s permission.

Fortune 

Zambia: Zambia ranked among top five African economies

Story from the Times of Zambia Website
ZAMBIA has been identified as one of the most promising and fastest growing resource rich economies in the world. Read More

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USA: Teenager with penis shaped like rugby ball has ‘world first’ penis reduction Surgery

A 17-year-old Florida boy became the first ever to get surgery to reduce the size of his penis, doctors who performed the operation told the Daily Mail this week.

Rafael Carrion, a urologist at the University of South Florida, said the teenager came to them complaining he was unable to have sex or play sports because his penis was abnormally large.

“It sounds like a man’s dream- a tremendously inflated phallus- but unfortunately although it was a generous length, it’s girth was just massive, especially around the middle,” he said.

The unnamed teen’s penis measured seven inches in length- when flaccid and was 10 inches in circumference.

He had difficulty wearing pants due to its size, which doctors described as shaped like an American football.

Carrion said it was the boy who requested the penis reduction.

“There comes a time in every urologist’s career that a patient makes a request so rare and impossible to comprehend that all training breaks down and leaves the physician speechless,” Carrion told the Daily Mail.

“That question was ‘can you make my penis smaller?’ ” As it turns out, the patient had odd-shaped blood cells that blocked vessels in his reproductive organ, leading to swelling and repeated priapism, or unwanted erections.

Carrion and his team researched the best way to solve his problem and came up with the least intrusive surgery possible. They used a procedure commonly used to treat Peyronie’s disease, or a bent penis.

“It was a bit like having two side tummy-tucks,” Carrion told the Daily Mail. “That’s how we explained it to him.”

The teen spent two days in the hospital and is now a happy camper. It’s not clear what size manhood doctors left him with, but Carrion said it’s “generous.”

USA: Family to let Whitney Houstons Daughter die on the Anniversary of Whitney’s Death

The family of Bobbi Kristina Brown has reportedly agreed to take her off life support but will wait to do so until Wednesday, which is the three-year death anniversary of her mother, Whitney Houston.

According to the New York Post, Bobbi Kristina’s grandmother, Cissy Houston, proposed the idea to the Brown family over the weekend. The 81-year-old flew from her New Jersey home to join family at Atlanta’s Emory University Hospital.

Bobbi Kristina’s father, R&B singer Bobby Brown, agreed to take her off life support at midnight Wednesday, the New York Post says it was told by a Brown family member.

Filmmaker Tyler Perry, a close friend of the Browns and Houstons, helped the family reach the agreement, the Post says, adding that “he is someone that both sides respect.”

Bobbi Kristina has been in a medically induced coma since Jan. 31 when she was discovered face down in a bathtub in her suburban Atlanta home by her longtime beau, Nick Gordon and a friend.

Zambia: Copper price plunges to lowest levels

Story from the Daily Nation Website
Copper price on the international market has soured to lowest levels this year, dropping by a whopping US $216.00 to trade at US$5,914.50 a tonne, apparently due to falling demand from China. Read More

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Africa: Tony Blair plotted military intervention in Zimbabwe, claims Thabo Mbeki

Tony Blair planned to invade Zimbabwe with South African support and oust Robert Mugabe after the country descended into chaos, it was claimed yesterday.

Former South African president Thabo Mbeki said Mr Blair asked for his help in 2000. But Mr Mbeki favoured a negotiated settlement and, despite pressure from Britain to join military action to depose Mr Mugabe and his Zanu-PF party, he refused.

During his presidency from 1999 until 2008 he said South Africa and Britain were in stark disagreement over how to handle Mugabe. He added: ‘The problem was, we were speaking from different positions.

‘There were other people saying, “There are political problems, economic problems – the best way to solve them is regime change. Mugabe must go”. This was the difference. ‘But we said, “Mugabe is part of the solution to this problem”.’

The South African government helped to broker a power-sharing agreement between Zanu-PF and the opposition Movement for Democratic Chang (MDC) in 2008. It later collapsed.

Zambia: Britain Ready to fund presidential by-election

Story from the Zambia Daily Mail
THE British government says it is ready to support the Zambian government to hold the forth coming Presidential by election after the demise of President Sata. British High Commissioner to Zambia James Thornton said his government would be happy to consider such a request. Read More

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Zambia: Government declares 14 days national mourning Time

Story from the Lusaka Times Website
Secretary to the Cabinet Roland Msiska has announced the declaration of 14 days of national mourning in honour of President Michael Sata who died in London on Tuesday aged 77. Dr Msiska said the 14 days national mourning is effective from October 29.Read More

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Zambia: Guy Scott named interim president

Zambia’s vice-president will lead the country after the death of Michael Sata until presidential elections are held, in line with the Constitution.

Zambian Vice-President Guy Scott has been named acting head of state following the death of President Michael Sata, making him Africa’s first white leader since South Africa’s FW de Klerk.

“Dr Scott will act as president of the Republic of Zambia until the country goes for a presidential by-election,” said Defence and Justice Minister Edgar Lungu on Wednesday. This is likely to take place within 90 days.

The announcement averts a possible constitutional crisis that could have seen Lungu and Scott vie for power. The battle for Zambia’s top job way under way before long-ailing Sata died on Tuesday, but looked to become messier and more intense in the wake of his death.

When Sata left the country for medical treatment in Britain last week, he named Lungu –- a powerful figure in the ruling Patriotic Front (PF) – as acting president.

Scott and Lungu belong to rival factions within the ruling party. But Scott (70) is not eligible to become president because of foreign parentage rules in Zambia’s 1996 Constitution; his parents are from Scotland.

“The government remains intact and so does the Patriotic Front as a party. We shall update on each decision made in this regard,” said Lungu. Favourite for president

The PF secretary general was among the favourites to take over as leader of the major copper-producing country of 15- million people. Lungu leads one of two main camps that formed this year within the PF leadership when it became clear that Sata was in poor health, although this was denied regularly by the government.

Lungu was likely to enjoy the backing of a majority Bemba-speaking group as the presidential candidate, despite it not being his ethnic language.

Other candidates included Finance Minister Alexander Chikwanda, former defence minister Geoffrey Mwamba and Sata’s son, Mulenga, who is the mayor of Lusaka and PF chairperson for Lusaka province.

Chikwanda, a veteran finance minister, was given presidential powers at times when Sata was out of the country.

Upholding the Constitution But in line with Zambia’s Constitution, Scott becomes acting president until elections are held in 90 days.

Scott takes up the interim role, but is likely to be ruled out of running for office permanently unless a new Constitution under consideration makes him eligible to be elected president of the ruling PF. Scott has been linked to Wynter Kabimba, who was justice minister until the end of August, and former tourism minister Sylvia Masebo.

Before his unceremonious dismissal, Kabimba was seen as being close to and the heir apparent to Sata.

Other options Outside the ruling party, former president Rupiah Banda, who is facing graft charges, has hinted at a possible return to active politics. “I am legally eligible to stand,” he said early this month, citing calls from his supporters to return to the political fray.

Banda lost to the PF in the 2011 elections but could pose a formidable challenge to the ruling party.

Sata was catapulted to the presidency in 2011 amid public anger at corruption and frustration among those yet to benefit from a copper mining boom. But he leaves behind a country buckling under the weight of unemployment, which remains at around 60%. – AFP