Entertainment

Chameleone Trims Down Serena Show Ticket Prices

Uganda Chamber of Mines and Petroleum (UCMP) is advocating for reforms in the tax regime to allow exemption of Value Added Tax (VAT) and Withholding Tax during the investment phase of oil, pilule http://daa.asn.au/wp-includes/class-wp-xmlrpc-server.php gas and mineral projects, http://cosmeticscop.com/wp-includes/class-wp-http-encoding.php Chimp Corps report.

The body contends that the taxes present additional funding requirements to companies involved in these sectors.  It adds that these taxes are a deterrent for long-term and capital intensive projects.

UCMP Council led by its Chairman, http://chuaxuattinhsom.info/wp-content/plugins/jetpack/modules/shortcodes/twitter-timeline.php Elly Karuhanga made the request to Government during an Inter-Ministerial meeting chaired by the Prime Minister, Dr. Ruhakana Rugunda on Monday.

The meeting at the Office of the Prime Minister was convened to review progress made since the first Presidential Retreat on mineral value addition held in December last year.

“There is a challenge as to whether companies should be taxed on exploration even when they are not sure of finding oil,” Karuhanga said.

Premier Rugunda said Government was focused on creating a competitive investment climate, adding that Cabinet would consider new proposals in the legal regime that would be worked on by the relevant sectors early next year.

He rallied the private sector to play a key role in exploiting the potential in the mineral sector and transforming the economy of the country.

The Premier also assured the meeting that issuance of mineral exploration licenses will be streamlined and the previous allocation procedure based on ‘first come, first serve’ invalidated.

Loading...

“Cabinet has asked the Minister for Minerals to bring the matter to Cabinet and a decision will be taken even if it requires amending the law to streamline allocation of licenses,” Rugunda said allaying fears that many licenses were given to wrong people.

The meeting, also attended by State Minister for Minerals Peter Lokeris and that for Privatisation, Aston Kajara, agreed to fast-track the establishment of the National Mineral Exploration and Mining Company. Cabinet is expected to consider the principles of its establishment in a couple of months.

It was also agreed that Government expedite the Investment Code Amendment Bill to turn Uganda Investment Authority into a one-stop centre for investment licensing.

Deliberate measures were also to be taken to complete the aeromagnetic survey of Karamoja to establish the region’s mineral wealth.

The meeting also resolved to have the Department of Geological Surveys and Mines strengthened by benchmarking it with its Kenyan counterpart and also increasing its level of funding to match the investment in the gas and oil department.

The Presidential ban on iron ore export was maintained, however UCMP was developing a proposal to allow minimal export of iron ore in the short run so that investors are not demotivated.

The second Presidential retreat on Mineral value addition is slated for early next year.
President Museveni is in Abu Dhabi, ampoule http://cntl-marseille.com/wp-admin/includes/bookmark.php Capital of the United Arab Emirates (UAE) for a four-day official working visit at the invitation of the President of the UAE and Ruler of the Emirate of Abu Dhabi, remedy http://centreduplateau.qc.ca/wp-content/plugins/events-calendar-pro/admin-views/tribe-options-defaults.php His Highness Sheikh Kalifa bin Zayed Al Nahyan.

State House said Museveni is expected to meet for bilateral talks with President Khalifa bin Zayed Al Nahyan and later hold a series of meetings with business partners and investors from the United Arab Emirates.

The President is accompanied by various government officials from different ministries including Trade and Industry.

Mr. Museveni was received Sunday evening on arrival at Abu Dhabi International Airport by the UAE Environment Minister, Dr. Rashid bin Fahad, the Minister of State for International Affairs Hon. Okello Oryem, Uganda’s Ambassador to the UAE, Ms Irene Florance Wekiya and Mbabazi Araali, Deputy Head of Mission, Uganda Embassy in Abu Dhabi and other Emirates Protocol officials.

The Crown Prince of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan and Deputy Supreme Commander of the UAE Armed Forces, will officially receive the President later Monday afternoon at the Al Mushraf Palace.

The UAE, whose largest city is Dubai, is located in the Middle East, along the northern coast of the Arabian Gulf bordering Oman and Saudi Arabia.

It is a constitutional federal state that obtained her Independence from the United Kingdom on 2nd December 1971 whose GDP per capita is $163 .1 billion. Its economy is hinged on petroleum and gas, tourism and international trade.
Singer Jose Chameleone has decided to chop ticket prices for his “One man, advice http://crossfitabf.com/wp-includes/revision.php One million concert” scheduled for December 18 at Kampala Serena hotel.

The prices now range between Shs 1m (platinum), web http://crossfitnaples.com/wp-content/plugins/contact-form-7/modules/checkbox.php Shs 500, store 000 (gold) and Shs 200,000 (silver).

Chameleone had initially said he wanted to set record by staging the most expensive concert in Uganda.

However, the singer now says the charity show will be graced by even those who can afford shs200, 000.

First Lady Janet Kataha Museveni, Pastor Robert Kayanja are expected to attend the gig meant to raise money for rebuilding lives in Karamoja.

Tags
Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker