{"id":10491,"date":"2023-11-10T11:49:08","date_gmt":"2023-11-10T11:49:08","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=10491"},"modified":"2023-11-10T11:49:16","modified_gmt":"2023-11-10T11:49:16","slug":"president-museveni-orders-ura-not-to-tax-innovations","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/president-museveni-orders-ura-not-to-tax-innovations\/","title":{"rendered":"President Museveni Orders URA Not To Tax Innovations\u00a0"},"content":{"rendered":"\n

By Our Reporters <\/strong><\/p>\n\n\n\n

in Kololo<\/strong><\/p>\n\n\n\n

President Yoweri Kaguta Museveni has directed that local innovations should not be taxed in a national concerted effort to provide scientific solutions for our domestic challenges .<\/p>\n\n\n\n

\u201cTaxing innovations? Whoever taxes them, should go to Luzira. Who is he? Why tax innovations? There\u2019s no logic because even when a product is not a result of innovation, we give tax a holiday of 10 years. Something already well known but you are putting it here in Uganda for the first time, we give you a tax holiday. <\/p>\n\n\n\n

Then how can someone tax a baby, when he has not been taxing adults? It is because you have not highlighted it. You bring it up, it will stop, that is why we created a Ministry of Science to specifically bring out these issues,\u201d he said.<\/p>\n\n\n\n

The President was addressing an enthusiastic audience at the on going National Science Week at Kololo Independence Grounds.\u00a0 President Museveni was in the company of the First Lady and Minister of Education and Sports, Janet Museveni.<\/p>\n\n\n\n

The National Science Week 2023 organized by the Science Technology and Innovation (STI) Secretariat Office of the President led by Minister Dr. Monica Musenero is running under the theme : “Uganda Tusimbudde: Our Science Led journey Towards Socio-Economic Transformation.”<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cYou know how we work, if we want to do something, we emphasise it ahead of all other things. Recently, we were able to put more than Shs1 Trillion into the Parish Development Model (PDM) program. Some years ago, when we were struggling with the road infrastructure, we were able to inject almost Shs5 Trillion year by year,\u201d the President explained while assuring innovators of government’s financial support .<\/p>\n\n\n\n

\u201cSo even here, this Shs 500 billion you are talking about is not a lot of money. Instead of mourning and crying, bring the proposal, we shall put the money. We don\u2019t have a problem with this minimum funding you are talking about. The Government seed capital which was our recommendation can be provided through this annual allocation of this money,\u201d he stated.<\/p>\n\n\n\n

Museveni asked the Ministry of Science, Technology and Innovation to mobilise the private sector so that they can contribute an additional venture capital to the science sector. He thanked the religious leaders for embracing science and innovations in Uganda.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cI thank the religious people like Bishop Joshua Lwere, for aligning religion with science because this is quite a destruction by those who believe in miracles instead of using what is known. Miracles happen, even me I have seen some miracles, I don\u2019t know where they come from, but I don\u2019t concentrate on them, I concentrate on what I can do. If they happen, then that\u2019s good, that is like a bonus added to whatever I\u2019m struggling with.\u201d<\/p>\n\n\n\n

The president saluted the new foreign investors to Uganda and assuredthem of a conducive working environment and ready market for their products.<\/p>\n\n\n\n

\u201cIn Africa we have moved a bit, we have the internal market of a country like Uganda- 46 million people, then you have the market of East Africa of 300 million people, and we have the market of the whole of Africa- I.5 billion people now. Therefore, the atmosphere is good.\u201d<\/p>\n\n\n\n

The Minister of Finance, Planning and Economic Development, Hon. Matia Kasaijja noted that the science and technology sector needs a special budget that will help to spur Uganda\u2019s science-led socio- economic transformation. <\/p>\n\n\n\n

\u201cThe way I have seen things here and the way they have been moving in, we need to have a special vote for science and technology where we will deposit money and nobody can cut it down or put in more without your consultation and even the Ministry of Finance,\u201d the Minister requested of the President.<\/p>\n\n\n\n

Dr. Monica Musenero informed the President that the science, technology and innovation sector is a key driver for economic development. She said the sector accounts for 50 percent of the national economic development and that any nation that does not figure out how to make science work for their economy, struggles to sustainably grow.\u00a0<\/p>\n\n\n\n

\u201cSince 2021, when you directed the creation of the secretariat of Science, Technology and Innovation at the Office of the President and you gave us your vision of championing science led socio-economic transformation, we took this to heart, we took it with both hands and we have been focused so strongly and over the past 18 months, we have focused on interpreting that vision and understanding how science can link to the economy,\u201d Dr. Musenero added.\u00a0<\/p>\n\n\n\n

\u201cSpecifically, you said we are working to attain a transformed society from a peasant to a modern and prosperous country by 2040 if not earlier.\u201d<\/p>\n\n\n\n

Musenero told the President that as the ministry, they have developed strategies, put in place structures and mechanisms to develop human capital which has an aligned culture that will deliver Uganda to science-led socio-economic transformation within the shortest time possible.<\/p>\n\n\n\n

Editor:msserwanga@gmail.com<\/strong><\/p>\n\n\n\n

<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By Our Reporters in Kololo President Yoweri Kaguta Museveni has directed that local innovations should not be taxed in a<\/p>\n","protected":false},"author":1,"featured_media":10479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[74,355],"tags":[],"class_list":["post-10491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","category-national-science-week-2023"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/11\/m7.jpg","jetpack-related-posts":[{"id":4257,"url":"https:\/\/prowebinhost.com\/anzu\/uganda-set-for-the-biggest-science-innovators-awards-2021\/","url_meta":{"origin":10491,"position":0},"title":"UGANDA SET FOR THE BIGGEST SCIENCE INNOVATORS\u2019 AWARDS 2021","author":"MOSES SSERWANGA","date":"October 15, 2021","format":false,"excerpt":"BY MOSES SSERWANGA The\u00a0 Ministry of Science , Technology and Innovation (ST&I) - Office of the President in partnership with the Private Sector Foundation Uganda (PSFU) \u00a0is organizing the Uganda Science Innovators\u2019 Awards to celebrate Ugandans\u2019 innovation efforts \u00a0and \u00a0inspire \u00a0young innovators to activate their abilities and contribute to the\u2026","rel":"","context":"In "Innovation"","block_context":{"text":"Innovation","link":"https:\/\/prowebinhost.com\/anzu\/category\/innovation\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/IMG-20211015-WA0035.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/IMG-20211015-WA0035.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/IMG-20211015-WA0035.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/IMG-20211015-WA0035.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/IMG-20211015-WA0035.jpg 3x"},"classes":[]},{"id":1944,"url":"https:\/\/prowebinhost.com\/anzu\/national-intellectual-property-policy-launched-as-kiira-motors-innovations-are-recognised\/","url_meta":{"origin":10491,"position":1},"title":"NATIONAL INTELLECTUAL PROPERTY POLICY LAUNCHED AS KIIRA MOTORS INNOVATIONS ARE RECOGNISED","author":"UgandaUpdate","date":"September 25, 2020","format":false,"excerpt":"The National Intellectual Property Policy and the Security Interest in Movable Property Registry (SIMPO) has been launched by President Yoweri Museveni .\u00a0 At the launch Uganda\u2019s top innovations like Kiira Motors green mobility technologies \u00a0whose intellectual property has been registered and \u00a0secured at the Uganda Registration Service Bureau (URSB), were\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/09\/m7-ip.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/09\/m7-ip.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/09\/m7-ip.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/09\/m7-ip.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2020\/09\/m7-ip.jpg 3x"},"classes":[]},{"id":4513,"url":"https:\/\/prowebinhost.com\/anzu\/president-museveni-has-called-upon-ugandan-scientists-to-innovate-for-import-substitution-and-export-promotion\/","url_meta":{"origin":10491,"position":2},"title":"PRESIDENT MUSEVENI HAS CALLED UPON UGANDAN SCIENTISTS TO INNOVATE FOR IMPORT SUBSTITUTION AND EXPORT PROMOTION","author":"MOSES SSERWANGA","date":"November 11, 2021","format":false,"excerpt":"By\u00a0 Moses Sserwanga President\u00a0 Yoweri Museveni has called upon Uganda Scientists to use innovation to support the country\u2019s\u00a0 import substitution and export promotion- drive \u00a0through value addition .\u00a0 Gen. 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