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An Auditor General’s investigation has exposed the Ministry of ICT and National Guidance for mishandling over UGX 13.8 billion, which was meant to support Ugandan innovators in developing their ideas and innovations from prototypes into finished products. Details show that in 2017, the government, through the Ministry of ICT and National Guidance, embarked on a National ICT Initiatives Support Program (NIISP) to create an ICT ecosystem that could provide local innovators with the necessary financial, technical, and infrastructure resources to incubate, develop, and market their products in Uganda, the East African Region, and beyond. However, a Value for Money Audit…
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By Doreen A. Muhangazi In today’s rapidly evolving business landscape worldwide, the caliber of Human Capital in any given organization has become pivotal to its success. Collectively, Human Capital refers to the set of skills, knowledge and experience possessed by the Organization’s workforce, and these have since emerged as the number key driver for competitive advantage in any industry or sector. With increased automation, companies can no longer give lip service to the centrality of people to their businesses and eventual success or not. Therefore, effective management and development of Human Capital “people” are foundational to building a resilient organisation…
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Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF). IMF’s managing director Kristalina Georgieva says “in most scenarios, AI will likely worsen overall inequality”. Ms Georgieva adds that policymakers should address the “troubling trend” to “prevent the technology from further stoking social tensions”. The proliferation of AI has put its benefits and risks under the spotlight. The IMF said AI is likely to affect a greater proportion of jobs – put at around 60% – in advanced economies. In half of these instances, workers can expect to…
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