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America’s three richest men richer than poorest half of America combined

Billionaire philanthropist Henry Bill Gates III

The three richest people in the United States – Bill Gates, Jeff Bezos, and Warren Buffett – have a total wealth that exceeds the savings of America’s poorest 160 million, a new study shows.

The three billionaires are sitting on a combined US$248.5 billion fortune, which outstrips the combined net worth of an estimated 160 million Americans or 53 million US households. The study entitled Billionaire Bonanza 2017 was compiled by the Institute for Policy Studies.

“So much money concentrating in so few hands while so many people struggle is not just bad economics, it’s a moral crisis,” said Josh Hoxie, the report’s co-author.

The 400 richest people in the US have a combined US$2.68 trillion wealth, more than the gross domestic product (GDP) of the United Kingdom, France or India.

“Our wealthiest 400 now have more wealth combined than the bottom 64 percent of the US population, an estimated 80 million households or 204 million people. That’s more people than the population of Canada and Mexico combined,” the report says.

Tax cuts, proposed by US President Donald Trump, are likely to widen the gap, according to the findings, as 80 percent of the tax relief would benefit only the wealthiest one percent of households.

“Wealth inequality is on the rise. Now is the time for actions that reduce inequality, not tax cuts for the very wealthy,” said the co-author of the report Chuck Collins.

The study suggests two ways of narrowing the wealth gap.

“First, we must not make inequality worse through new tax cuts for the wealthy. The proposed Trump tax cuts, as currently designed, would grow top one percent fortunes and do little to reduce the ranks of America’s “underwater nation.”

The second way is to implement policies to reduce concentrated wealth, the report suggests.

”Inequality will continue to widen unless we intervene directly to reduce grand concentrations of private wealth. By taxing our wealthiest households, we could raise significant revenues and then invest these funds to expand wealth-building opportunities across the economy.”

 

 

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Defer age limit bill, LoP tells parliamentary committee

Former LoP Winnie Kiiza

The Leader of the Opposition (LoP) Winnie Kiiza has called for deferring of the age limit bill back to government and instead incorporate it in the schedule for the Constitutional Review Commission.

Appearing before legal and parliamentary affairs committee at parliament, Kiiza, who also doubles as the Kasese Woman MP, said the bill is intended to undermine the democratic path of the country.

According to Kiiza,  despite the parliamentary rules and procedures allowing for legislators to come up with private member bills aimed at amending a particular Articles of the Constitution, the age limit bill tabled by Igara West MP Rapahael Magyezi seeking the removal of the 75-year cap, was not channeled through right procedures.

“It (bill) had to come through the Constitution Review Commission to Parliament; not any Tom, Dick and Harry to present an amendment on the floor of parliament when there is a government commitment to set up a review commission,” Ms. Kiiza said.

According to the LoP, the bill as floated by Magyezi is aimed at keeping President Yoweri Museveni in power after 2021, when he will be aged 77, two above the cap.

“We as opposition oppose the removal of age cap regardless of who is in power. We believe today’s Uganda has capable citizens who can succeed President Museveni because the Constitution has been amended four times and at all times, it has been amended to cater for the interest of one man, the President,” she said.

Ms Kiiza added:  “In 2001 Museveni asked for one final term, which was still constitutional. However, the only person with a stake in this matter is still President Museveni; the spirit of the Constitution that recognizes that the struggle against tyranny must prevail.”

Further, Ms. Kiiza said: “Some legislators would like to write the name of Museveni in the Constitution like they did in the UPDF Act.”

Ms. Kiiza also said the sanctity of Parliament had to be first be violated by the Special Forces Command (SFC), who evicted opposition MPs, to pave the way for Magyezi to table his bill.

During the forceful eviction, opposition MPs including Angelina Osegge, Betty Nambooze and Francis Butebi Zaake were injured.

The age limit bill that is currently before legal and parliamentary affairs committee for scrutiny.

 

 

 

 

 

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Onyango included in 2018 World Cup Qualifiers Best XI

Cranes keeper Dennis Onyango named in CAF XI World Cup team

The Confederation of African Football (CAF) have released the best XI for the 2018 World Cup qualifiers which included Uganda Cranes captain and goalkeeper Dennis Onyango.

Despite Uganda failing to qualify for the World Cup, Onyango has been making outstanding saves and kept 4 clean sheets out of the 5 games played, conceding only one goal against Egypt.

The lineup also saw the presence of Senegal’s Sadio Mane, Nigeria’s Victor Moses and Egypt’s Mohamed Salah, the latter who played a major role in Egypt’s home 2-1 victory over Congo to set a foot in the World Cup since 1990.

Cranes will face the Congo Brazzaville in an away game in the final round of the 2018 World Cup qualifiers in an encounter that will count for nothing as Egypt already secured the group’s leadership.

 

World Cup Qualifiers XI:

Denis Onyango (Uganda); Serge Aurier (Ivory Coast), Ahmed Hegazi (Egypt), Leon Balogun (Nigeria), Aly Maaloul (Tunisia); Victor Moses (Nigeria), Sadio Mane (Senegal), Youssef Msakni (Tunisia), Mbark Boussoufa (Morocco), Khalid Boutain (Morocco); Mohamed Salah (Egypt).

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Cranes defeat KCCA in test match

Cranes striker godfrey Walusimbi aka 'Jaja Walu' in action

Uganda Cranes yesterday played against KCCA FC in a practice match in preparation for their upcoming final 2018 World Cup qualifier match against Congo Brazzaville this Sunday.

Cranes defeated the reigning Uganda Premier League champions 2-0 in a match played at Mandela National Stadium, Namboole on Wednesday evening.

The first goal was an own goal by KCCA’s Habib Kavuma in the 29th minute to give the Cranes a lead and the late strike from second half substitute Derrick Nsibambi doubled the lead in the 81st minute of the game.

The Uganda Cranes Coach Moses Basena said after the game that the practice match has helped him asses the ability of his players ahead of the last group E qualifier match against Congo Brazzaville on Sunday, November 12, 2017 in Brazzaville.

The Cranes will conduct its last training session on Thursday at Mandela National Stadium before traveling to Brazzaville on Friday morning. The team will consist of 20 players.

However, the fate of Group E was already decided with Egypt taking the top spot after picking a 2-1 victory against Congo, played a day after a goalless draw between Uganda and Ghana on match day 5.

The Pharaohs will take on Ghana Black Stars on the same day for their last qualification match.

Uganda Cranes Starting XI

Ismail Watenga (GK), Nico Wadada, Godfrey Walusimbi, Denis Iguma, Isaac Isinde, Murushid Juuko, Hassan Wasswa, Milto Karisa,Muzamir Mutyaba,Geofrey Serukuma and Isaac Muleme.

Used Substitutes: Benjamin Ochan (GK), Tom Masiko, Savio Kabugo, Bernard Muwanga, Allan Kyambadde, Timothy Awany, Paul Mucureezi, Nelson Senkatuka, Derrick Nsibambi and Nelson Senkatuka.

Unused Substitutes: Denis Onyango (GK), Tom Ikara (GK), Ibrahim Kiyemba, Shafic Kagimu, Albert Mugisa and Hood Kaweesa.

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Mutukula becomes One Stop Border Post

Museveni and Magufuli

Presidents Yoweri Museveni and John Magufuli of Tanzania will Thursday officially open Mutukula as a one stop border (OSBP).

Already the One Stop Border Post (OSBP) has reduced transit time by more than 50%, available statistics indicate.

Records show that an average of 542 vehicles, 310 of them cargo trucks, pass through Mutukula border every month, showing how important the border post is in handling cargo.

 

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Uganda to host East Africa Microfinance Summit 2017

Robert Ntalaka

The Association of Microfinance Institutions of Uganda (AMFIU) in partnership with the East African Microfinance Network and Ministry of Finance Planning and Economic Development, has organised the Third East Africa Microfinance Summit 2017.

According to AMFIU’s Programmes Manager, Robert Ntalaka, the summit to take place in Kampala from November 16-17, will run under the theme, ‘Digital Financial Inclusiona Reflection on the Perspectives, Pros and Challenges for Various Stakeholders’.

The Summit is an annual regional event that brings together various microfinance stakeholders to share experiences, introduce innovations and facilitate networking amongst various stakeholders.

According to Ntalaka, the third summit follows earlier ones hosted in Kenya and Tanzania in 2015 and 2016, respectively.

“The past summits have attracted over 300 participants from Central Banks from the East African region, financial services providers, academic institutions, wholesale lenders, social investors, donors and development partners among others,” Ntalaka said, adding that the summit in Uganda is expected to attract over 400 microfinance stakeholders.

The Summit will be a key platform for stakeholders to debate the trade-offs, make the case for digital financial inclusion, and examine aspects of traditional service to improve service delivery.

 

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Gov’t appeals to public servants over salary increments

Dr Jane Ruth Aceng

Government has appealed to all civil servants in the country to wait for the completion of the salary harmonization exercise and its implementation before they can take industrial action.

According to state minister of Public Service David Karubanga, government is final stages of delivering the public service pay policy which he says, will eliminate pay disparities and ensure pay enhancement across the public sector.

A Cabinet meeting chaired by President Yoweri Museveni in July tasked Public Service minister Wilson Muruli Mukasa to provide a comprehensive package for civil servants’ remuneration within two months, following a study report that revealed huge salary  disparities within the public service.

“This exercise is in its final stages. Pay proposals were developed and are now being appraised to ascertain their viability and long-term sustainability. It is expected that by end of November 2017, Government will pronounce itself on the matter,” minister Karugaba said Wednesday in a government statement on the on-going doctors’ industrial action that started Monday and already has hit public hospitals hard, some reporting cases of death due to the medics’ absence at their work stations.

Doctors under the Uganda Medical Association (UMA) laid down their tools on Monday, against claims that Government has not heeded to their demands for better remuneration and favourable working conditions in public hospitals.

According to health minister Dr Jane Ruth Aceng, a series of engagements had been held at different administrative and political levels to address the doctors’ concerns before they laid down their tools.

Dr Aceng said government has taken note of some issues raised by the medical workers in the country, saying government will continue to pay intern doctors allowances but also pay senior house officers after completing the salary verification exercise.

She says government recognizes UMA as an association of some medical doctors but that Government signs recognition agreements with Public Service Labour Unions for purposes of negotiation and collective bargaining on matters concerning the welfare and working conditions of workers.

“For the workers in the Health Sector, Uganda Medical Workers’ Union and Uganda Nurses and Midwives’ Union signed recognition agreements,” she says.

She says Government will continue to engage all stakeholders on the issues raised by the health workers with the view of addressing them in a holistic manner.

“Government would like to appreciate the efforts of all the health workers who have continued to deliver services to the public despite the challenges. In a special way, Government applauds all patriotic health workers who remained at their work stations to save lives,” Dr. Aceng says.

She has appealed to all medical doctors to return to work immediately, saying their concerns are being addressed.“Once again Government would like to reiterate its commitment to improving the welfare of all Health workers and other Public Servants in general,” she said.

Meanwhile, workers in local governments and Makerere University say they are prepared for industrial action if government does not address their salary concerns.

A study report on salary disparities in public service released by the Equal Opportunities Commission in June this year raised eyebrows among civil servants, some wondering why they receive low salaries compared to their counterparts with the same qualifications.

Uganda Civil Service refers to all employees in government and government agencies other than the security related agencies. The civil servants are responsible for delivering public services to the public.  The government of Uganda has over 320,000 civil servants in its various departments and agencies. But those in agencies earn far much more than those in ministries.

Uganda’s civil service structure has been transformed from being a highly centralized traditional civil service model into a decentralized structure with most of the authority and resources now being devolved to the districts.   This, according to government, provides for more accountability and responsive provision of basic services to the population.

 

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Health Minister appeals to medics to return to work

Health Minister, Dr. Jane Ruth Acheng.

Minister for Health Dr. Jane Ruth Acheng has today appealed all medical doctors to immediately return to work as government works to address their concerns.
Today marks the third day since medics resorted to industrial action on Monday demanding for salary increments and improving of their welfare. However their strike has led to death of more than five people in the country as other patients walk in different hospitals and exit without being attended to.
‘’Government is yet to finalize the public service pay policy that is intended to eliminate pay disparities and ensure pay enhancement across public sector’’. She said
In a press briefing held at Uganda media, Dr. Acheng said government appreciates efforts of all patriotic health workers who have continued to deliver services to public despite challenges that they face in execution of their duties.
Government signed recognition agreements with Public Service Labour Unions for purposes of negotiation and collective bargaining on matters concerning the welfare and working conditions of workers.
For the workers in the Health Sector, Uganda Medical Workers’ Union and Uganda Nurses and Midwives’ Union signed recognition agreements therefore ‘’once again government would like to reiterate its commitment to improving the welfare of all health workers and other public servants in general’’ she added.
According to Dr. Acheng, government has resolved to maintain interns’ allowances at same rate as last year, without reduction and committed to pay senior health officers after completing the verification exercise.
Judicial officers, teachers, prosecutors, local government workers, have been striking over salary increments and improvement of their welfare however government vowed to harmonize their salaries before end of November.

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Local government workers threaten to strike

WORKERS THREATEN STRIKE: Local Government Minister Tom Butime

With barely a week to the expiry of their 90-day ultimatum, local government workers have threatened to go on strike to compel their employer to address their grievances.

In August the workers under their umbrella organisation, the Uganda Local Government Workers Union (ULGWU), demanded that government accord them a ten-fold salary enhancement, with demands that the lowest paid among them earns Shs1.7 million.

ULGWU president Hassan Lwabayi said that much as they petitioned the public service negotiating council, government had not responded to their concerns, prompting them to go on strike again, in protest against ‘the discrimination in treatment (by the employer) which is both illegal and unconstitutional’.

Once effected, the local government workers strike will be just one of the many that have paralysed government work in the last few months, others being strikes by judicial officers, prosecutors and medics.

Last month both the Minister for Justice and Constitutional Affairs Maj. Gen. Kahinda Otafiire and his Public Service counterpart Wilson Mukasa Muruli, implored government workers to halt strikes, saying a bill that is aimed harmonizing their salary structure is before Parliament. “Their grievances will be responded to in late November,” Otafiire said at the time.

Currently, top local government employees earn Shs187, 000 which they want amplified to Shs 1.7m to match workers in other well-paying government bodies such as the Kampala Capital City Authority (KCCA), the Bank of Uganda (BoU) and the Uganda Revenue Authority (URA), among other government agencies.

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ICT innovations will transform Ugandan society – Kivejinja

An artistic impression of the proposed hub

First Deputy Prime Minister Ali Kirunda Kivejinja has said that local ICT innovations will transform Uganda from a predominantly peasant society to a middle income country.

Al hajj Kivejinja made the remarks today while officiating at the ground breaking ceremony for the construction of the National ICT Innovation Hub at the Nakawa Institute of Information and Communications Technology.

“ICT is one of the key pillars for societal transformation,” he said, adding that it will propel Uganda’s growth as government establishes more infrastructure, especially to enable the youth acquire skills for job creation.

Speaking at the same function, ICT Minister Frank Tumwebaze said that the building to cost Shs5.6 billion will provide space for young innovators to share ideas with mentors as they develop ICT products and solutions for sale.

“Without ICT innovations, Uganda cannot reap from the investments in the ICT infrastructure,” he said, adding that local ICT innovations are critical in attracting foreign companies to establish their activities in the country.

Minister Tumwebaze said the ICT hub, the first one to be constructed, falls under the National ICT Initiatives Support Programme whose overall goal is to create a sustainable ecosystem for the ICT innovators and application developers. He also said government is willing to buy innovations that are created locally by local innovators.

“Government will support successful innovators financially to develop and market their products,” Mr. Tumwebaze said.

The hub, which the Minister said will be built by the Uganda People’s Defence Forces Engineering Brigade over a six-month period, will cost a third of the money that the private contractors had asked the ministry to pay.

“Some asked for Shs30 billion, the least one asked for Shs15 billion,” he said, urging government agencies to give more construction work to the UPDF. He said the UPDF will finish the project in six months.

Defence State Minister Charles Okello Engola said UPDF Engineering Brigade is well equipped in terms of equipment and human resources to deliver the project.

Meanwhile, Minister Tumwebaze disclosed that Gulu and Mbarara universities have applied to host the ICT hubs, which government intends to establish in every financial year.

 

 

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