Washington, United States | AFP | Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows. The forecast set to be released Wednesday highlights growing concerns that automation and robots, …
Read More »BoU scandals linked to Mutebile succession-Katuntu
Kampala, Uganda | THE INDEPENDENT | The Bugweri County Member of Parliament, Abdul Katuntu, says there is need to address Governance issues in Bank of Uganda-BoU to curb scandals rocking the central bank. Katuntu, who chaired the Committee on Commissions Statutory Authorities and State Enterprise-COSASE, says there is a big …
Read More »Minister Nantaba, 3 police officers sued over Ssebulime’s death
Kampala, Uganda | THE INDEPENDENT | The family of the late Ronald Ssebulime has sued Ida Nantaba, the information Communication and Technology State Minister together with four police officers for causing his death. According to the suit, Ssebulime’s sister, Sylvia Nakayita accuses the minister of providing false information to police …
Read More »World’s rarest cars on show
Set on the shores of Lake Como, Italy, the Concorso d’Eleganza Villa d’Este brings auto enthusiasts from around the world to admire the 50 of the best cars built between the 1920s and 1980s. Tickets for the exclusive event cost $550 (Approx. Shs2 million) and attendees were treated to the …
Read More »Afreximbank launches strategy for export trading companies
Moscow, Russia | Isaac Khisa | The Afreximbank Strategy for Export Trading Companies was launched in Moscow on June 20, during the open Russia–Africa Economic Conference, part of the Afreximbank Annual Meetings with the support of the Roscongress Foundation and Russian Export Center. The panellists included Managing Director of Afreximbank Intra-African …
Read More »Albertine oil prospects mingle with water concerns
Kampala, Uganda | THE INDEPENDENT | As oil companies prepare to extract oil out of the ground, the next concern is Lake Albert’s water levels and fears that communities around the Lake could be denied access to the water resources. While everyone is eagerly waiting to see out of the …
Read More »Kadaga cautions MPs about speaking to Museveni
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga has cautioned legislators on engaging president, Yoweri Museveni directly on matters concerning parliament. In her communication to parliament on Tuesday, Kadaga expressed disappointment about what she described as indiscipline among some legislators who address the president on issues …
Read More »Experts speak out on proposed taxes for financial year 2019/2020
Kampala, Uganda | Julius Businge | Tax experts have weighed in on the recently introduced taxes aimed at increasing domestic revenue to fund the new budget for FY2019/20. Speaking at a half day post budget tax dialogue organised by the Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI), …
Read More »Gov’t bans buying of new cars next financial year
Kampala, Uganda | THE INDEPENDENT | No government agency will be allowed to purchase new cars in the 2019/20 financial year. Money initially intended for the vehicles will now be reallocated to other activities, according to Kenneth Mugambe, the Director Budget at the Ministry of Finance. Mugambe told a breakfast …
Read More »Rethinking tax incentives
Researches, experts say there is limited evidence to show these offers attract investors Kampala, Uganda | PATRICIA AKANKWATSA | Tax incentives are part of Uganda government’s top priorities for attracting foreign investors and new businesses. From prospective investments in agribusiness to hospitality, and from steel to textile industries, tax incentives …
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