BEIJING, CHINA | Xinhua | The U.S. Senate narrowly passed President Donald Trump’s “One Big Beautiful Bill Act” Wednesday in a 51-50 vote. Though touted as delivering broad prosperity, the sweeping tax and spending package disproportionately benefits the wealthiest Americans. At the heart of the bill is an unprecedented series …
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The foundation is also investing $40 million to help several African manufacturers produce new messenger RNA (mRNA) vaccines on the continent Addis Ababa, Ethiopia | THE INDEPENDENT | Bill Gates, co-chair of the Bill & Melinda Gates Foundation, announced plans to allocate the majority of his estimated $200 billion fortune over …
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NEW YORK, the United States | Xinhua | World-renowned philanthropist Bill Gates announced Thursday that he will give away virtually all of his wealth to the Gates Foundation. “There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That …
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Kampala, Uganda | THE INDEPENDENT | The Inspector General of Government (IGG), Beti Olive Kamya Turwomwe, has announced that all politicians in Uganda must declare their wealth and assets in March 2025. The mandatory exercise will run from March 1 to March 31. Speaking at a press briefing in Kampala, …
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African finance experts at COP29 want that wealth measured in new ways ANALYSIS | THE INDEPENDENT | Akinwumi Adesina, the president of the African Development Bank (AfDB) has stirred up new thinking around financing for the continent at the COP29 by insisting on a revaluation of its green wealth. Adesina on …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has tasked accounting officers to be strict with matters of accountability in wealth creation programmes for rural poverty eradication. Museveni said programmes like the Parish Development Model (PDM) require transparency to advantage its beneficiaries. “The ideology and politics of the NRM is …
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US$ 57 million ultramodern AU-PANVAC laboratory complex to tackle rising livestock disease burden Bishoftu, Ethiopia | RONALD MUSOKE | The United States government through its Defence Threat Reduction Agency’s (DTRA) biological threat reduction programme (BTRP) has boosted the capacity of the African Union-Pan African Veterinary Vaccine Centre (AU-PANVAC) to respond better to …
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Harare, Zimbabwe | Xinhua | Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube on Thursday proposed a “wealth tax” that targets the country’s super-rich with an intention to use the funds earned from the new measure to upgrade urban infrastructure. Presenting the 2024 national budget statement to …
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Kampala, Uganda | THE INDEPENDENT | The 12th Annual Mineral Wealth Conference is set to take place from October 30-31 at Kampala Serena Hotel. This year’s conference is being held under the theme; “Creating a Viable and Feasible Roadmap for Uganda’s Mineral Sector to Contribute to Economic Transformation.” Organized by …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament from the opposition have raised objections to the proposed exemption of UPDF officers from publicly declaring their wealth through the Inspectorate of Government (IGG) and instead doing it through the Chieftaincy of Military Intelligence (CMI). They argue that since the army receives …
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The Independent Uganda: You get the Truth we Pay the Price
