lbs co ug

MPs Reject Tax Exemptions Worth Billions of Shillings

Several companies are seeking tax pardon worth Billions of Shillings but legislator’s say there is no reason why they should be pampered. Parliament’s Finance Committee has rejected tax exemption requests from several companies, questioning the justification for such exemptions amid concerns over fairness and tax collection. The State Minister for Finance, Henry Musasizi, presented eight…

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Parliament Fast-Tracks Implementation of Amended Public Procurement Act

Contracts below Shs10 million at local government levels and Shs30 million at central government level, will be reserved exclusively for youth, women, and PWDs. KAMPALA – Parliament has taken decisive steps to accelerate the implementation of the newly amended Public Procurement and Disposal of Public Assets (PPDA) Act, 2024, which seeks to secure procurement contracts…

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Cameroon bans reports on President Biya’s health

Interior Minister Paul Atanga Nji told regional governors that these stories “disturb the tranquillity of Cameroonians”. BBC | The Cameroonian authorities have banned the media from discussing the health of President Paul Biya, following rumours of his death. Interior Minister Paul Atanga Nji told regional governors that these stories “disturb the tranquillity of Cameroonians”. “Any…

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Tayebwa pledges support as Shs367.7bn steel factory roars to life in Mbale Industrial Park

The deputy Speaker of Parliament, Thomas Tayebwa has pledged all the necessary support to Unisteel Investment Uganda Limited, a brand-new iron and steel manufacturing plant in Mbale Industrial Park. Speaking during the launch of the first phase of steel rolling production at the shs367.7billion($100million ) Chinese-built plant  factory, Tayebwa said he is ready to rally…

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Was Bruce Willis right? Could a nuclear blast save us from killer asteroid?

Scientists simulated a nuclear explosion using x-ray pulses to push an asteroid-like rock away in space-like conditions. It’s been almost 25 years since Bruce Willis, playing the fictional character Harry Stamper in the blockbuster movie, Armageddon, saved Earth from an asteroid careering towards the planet. In true Hollywood fashion, he did this by detonating a…

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The Royal Swedish Academy of Sciences awards the 2024 Nobel Prize in chemistry to David Baker, Demis Hassabis and John Jumper [Jonathan Nackstrand/AFP]

Baker, Jumper, Hassabis win Nobel Prize in chemistry for work on proteins ‘They cracked the code’; laureates hailed for revealing proteins’ secrets through computing and artificial intelligence. Scientists David Baker, John Jumper and Demis Hassabis have won the 2024 Nobel Prize in chemistry for their work on proteins, the building blocks of life that are…

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