Government Advised to Prioritise Digitisation of the Economy
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The rationale is to safeguard the health and value for money for consumers. The Uganda National Bureau of Standards (UNBS) is mandated to enforce and monitor this. However, in the past two decades, there has been a rise in counterfeit products on the market despite UNBS’s attempt to reduce these.
Kiberu Jonah, Kibira Vicent, Frank Kisakye
The Observer
The Gateway Research Centre, a non-profit organization has asked Members of Parliament to review the electricity and water tariffs saying it is greatly affecting the growth of businesses.
Making the internet more affordable and tax-free would bring more people unto the online market, increase meaningful internet usage for those already connected, widen the tax base because of increased business innovations backed by reduced costs of doing business.
While the Ugandan law protects the right to freedom from torture i.e., Article 24 of the Constitution stipulates that No person shall be subjected to any form of torture, cruelty, inhuman, degrading treatment or closed-door punishments, the law prohibits acts of unlawful arrest, torture, and illegal detention of suspected criminals.
Heavy taxes on utilities not only worsen life for those already in business, but also discourage beginners and young entrepreneurs. The ministry of Finance, Planning & Economic Development through parliament, continues to introduce several new taxes with an aim of raising funding to finance the national budget.
This is the time of the year that family members demand for new clothes; meals they rarely eat at home and outings, besides the money and gifts they send to parents and guardians back in the villages.
Village citizens have always made their small SACCOs in which they keep money in small boxes, with poor financial records or incomplete records. On many occasions, there have been cases of infidelity where those who are chosen as treasurers in these village group savings schemes end up embezzling the little money they have.
Savings and Credit Cooperatives are becoming a strong pillar of financial inclusion in Uganda
The major solution for the growth of Africa lies in its capacity to unfold the hidden potential in agriculture. Otherwise, other sectors are secondary to the growth of our continent.
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