- ''The law provides  for a tax exemption on the employees contribution to the retirement funds. This should be extended to cover the funds' investments as these determine the interest to members, which would in return encourage savings'', a participant at the Alexander Forbes financial services seminar for trustees said. The Uganda Revenue Authority (URA) charges a 30% corporation tax on  retirement fund investments according to the Provident Fund Act. URA has also extended taxation to retirement funds in government security such as treasury bills and bonds which were initially exempted from taxation. Yet a number of pension funds invest in  government securities for the secu…

- The ACP-EU summit officially opened in Kigali on Tuesday with Rwandan President Paul Kagame calling for a concerted effort by the international community in ending the misunderstandings in Somalia. Kagame used the opportunity of this 14th session of the African, Caribbean and pacific and the European Union joint Parliamentary Assembly convening at Serena Hotel to his government position on the Somalis state of war- it is simply a neglected country. ''It is unacceptable for us to watch while people die every day, in a situation made worse by the fact that Somalia has not had functioning state organs for more than a decade'', he said. He added that key parties,…

- The officer in charge of investigations at Kabale police station, John Bulega on Thursday confirmed this to the press. He identified soldiers as Pte .Swaibu Masereka and Pte .Mathias Ngarombo.  Bulenga also named other suspects in the murder as Yonasani Muguhi, LC1chairman  Karegyere Cell, John Kwizera , brother to the deceased, Stephen Musinguzi and his uncle Elias Bunyenyezi. He said the incident took place on Tuesday at Karegyere trading centre near Kabale-Kisoro border. The sub-county chief for Muko where the incident took place, Nicholas Asiimwe reported the matter to Murole police in Kabale and the suspects were arrested. ''The motive of the murder is not yet established bu…

- A man who is a professional teacher is being held by police in Kayunga on allegations of defiling a 13year old girl. The district CID officer, Grant Tabo, identified on Sunday the suspect as Godfrey Okech (36), a teacher in Kayonjo primary school in Busaana sub-county. Okech had been with the girl for eight months Tabo said Okech early this year took the girl after her father of Kiyuuya village in Busaana had caught him red handed in love with her daughter and gave her to him. The father reportedly wanted to report the matter to pollice, but Mr Okech gave him shs 200,000 to settle the matter. “When he got the money he gave him the girl'', Tabo said. He said…

- Onek   said the tractors would be suitable in areas that have fragmented land ,like the central region. ''The tractors would  help in pumping water for irrigation, ploughing  and many other functions. We want to develop agriculture  engineering, a section that had died out”, he said while commissioning  Sh3.3 billion modern agriculture machinery investment at Bulenga on Friday. ''We are employing a number of agricultural engineers so that our country becomes more mechanized .They will work alongside big farmers'', Onek said. The minister also commissioned a synagogue Church of all Nations, a multi billion investment  in machinery dubbed 'Get out of…

- This major pronouncement comes at a time  when Uganda's tourism sector is beginning to wake up from decades of neglect. The lifting of the ban must have been an outcome of very careful considerations. For  now more  and more people would like to visit Uganda  following the return to normalcy and the country's political stability. The infrastructure received  substantial boost over the past decade  with more roads being constructed  and decent tourist lodges put in place in proximity of game parks.With such a background, the public is bound to raise  eyebrows  at the lifting of the ban. Authorities have said that hunting by tourists will only tar…

- This major pronouncement comes at a time  when Uganda's tourism sector is beginning to wake up from decades of neglect. The lifting of the ban must have been an outcome of very careful considerations. For  now more  and more people would like to visit Uganda  following the return to normalcy and the country's political stability. The infrastructure received  substantial boost over the past decade  with more roads being constructed  and decent tourist lodges put in place in proximity of game parks.With such a background, the public is bound to raise  eyebrows  at the lifting of the ban. Authorities have said that hunting by tourists will only tar…

- A soldier by the names of private Omona Denis who allegedly shot his wife by the names of Nancy Akio last week and injured other two civilians at Parabongo IDP camp in Amaru district is on trial in the 4th Division court martial chaired by Brig. Peter Kerim heard that private Omona Denis on the fateful while on patrol at the camp as a platoon commander of 43rd battalion opened fire op the deceased killing her instantly. He later informed the mother of the deceased that he had killed Ms Akio , court heard. ''This is unacceptable and if found guilty private Omona will face the wrath of the law .As a UPDF soldier ,he is expected to protect people and property while at wo…