Kampala, Uganda | THE INDEPENDENT | Clay products producer, Uganda Clays Ltd, has issued a half-year profit warning for the period ending June 30, 2023, attributed to machinery breakdowns. The company informed its investors that it is expected to register a loss during the period. “The Board of Directors of Uganda …
Read More »The cost of sleep loss
Why playing catch-up on weekends may not help Kampala, Uganda | AGENCIES | Whether it’s work or play that prevents us from getting enough shut-eye during the week, assuming we can make up for it by sleeping in over the weekend is a mistake. New research led by Penn State reveals …
Read More »‘Hold accounting officers personally liable for losses’
Kampala, Uganda | THE INDEPENDENT | The Parliament Committee on Public Accounts (Local Government) has recommended that the Secretary to the Treasury (PSST) should hold the accounting officers personally liable, for authorizing advances that were unaccounted for. Citing Kole District Local Government, the committee recommended that the accounting officer and the chief …
Read More »Gov’t renews proposal to tax loss making businesses
Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry faced difficulty explaining a proposal by government to tax businesses that have been making losses for seven consecutive years. This same proposal was last year rejected by parliament. Ministry of Finance officials led by the State Minister of Finance …
Read More »Auditor General reveals Sh 28 billion loss in YLP
Kampala, Uganda | THE INDEPENDENT | The Auditor General John Muwanga has released a new report revealing that government may never recover sh28.4 dillion disbursed to youth under Youth Livelihood Project (YLP). The AG found that almost 64 percent of the sampled youth projects, consisting of 71 percent value of loans, …
Read More »Eating oily fish ‘delays loss of brain cells’
By The Independent Team Eating oily fish can delay the breakdown of brain cells in later life, slowing the ageing process, a study has found. People with higher levels of omega-3 fatty acids, found in fish like salmon and anchovies, also preserve bigger brains as they aged, research revealed. In …
Read More »Bwindi study shows poverty is not major cause of wildlife loss
By Ronald Musoke The first findings of a project that aims to help low-income communities benefit more from living near Bwindi Impenetrable National Park, where conservation priorities can impose limits on their livelihoods has dispelled perceptions that poor people who live closer to the park pose a danger to wildlife …
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