Across the nation homes are piling up on the market because sales have slowed dramatically in the past year. Well folks, what that means is, it is now officially a “Buyer’s Market”. There is in excess of 6 months’ inventory nationally, which is the typical indicator of a marketplace in which the buyer is in control of the transaction. Not only that, but the average marketing time (days on the market) for homes and condos is 121 days, nationally.
Fellow Ugandans in the Diaspora, ever since we migrated to the US, many of us have not been able to build or put up homes for our selves or immediate families due to inability to travel back home and get back here in the US. Some of us have managed to acquire homes back home but sincerely through very difficult situations while many of us have totally failed due to frustration from our dear relatives and friends back home for diverting our hard earned remittances to other purposes. This has resulted into big disagreements among some families and friends.
The World Bank Chief Economist and Senior Vice President for Development Economics, Francois Bourguignon, says with the number of migrants worldwide now reaching almost 200 million, "their productivity and earnings are a powerful force for poverty reduction."
According to a report released by the World Bank, an increase in migrants, which is projected to raise the work force in high-income countries by 3% by the year 2025, could increase global real income by 0.6 percent or US$356 billion (about 623, 000 trillion Uganda shillings).
The findings of the World Bank's annual Global Economic Prospects report for 2006, titled The Economic Implications of Remittances and
I will begin with a quote from one of my favorite achievement oriented writers and model of all times, the great Napoleon Hill, he said that "Every body who reaches the age of understanding the purpose of money wishes for it! Wishing will not bring riches, but desiring riches with a state of mind that becomes an obsession and backing those plans and desires with action and persistence that does not recognize failure, will bring riches!"
What is taxation?
Taxation is one of the most complicated systems to be exhaustively discussed and disposed of. It is dynamic and ever changing in depth and extent. The concept is based on the principle of justice that each individual should be held to help the state in proportion to his ability to help himself. In this more or less rough way an endeavor is made, almost from the beginning, to apportion public burdens in accordance with the presumed capacity of individuals or classes.
Uganda has steppe up preparations to host the Commonwealth Heads of Government Meeting (CHOGM) slated in September. Entebbe Airport, Hotels, Roads, Tourism sites, infrastructure, electricity and water supply systems are under refurbishment and construction. From its inception over 30-years ago, Entebbe International Airport is 50% beyond its capacity mark. The airport with a design capacity of 1.2 million passengers and 160,000 aircraft movements a year, handled more than 600,000 passengers last year.