Tag Archives: revenue

Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has posted robust financial results for the first half of 2025, buoyed by surging demand for data and financial technology services as more Ugandans tap into the digital economy for communication, business, and daily transactions. For the six months ending June 30, 2025, …

  NAIROBI | Xinhua |  Kenya recorded tax revenues of 2.57 trillion shillings (19.9 billion U.S. dollars) for the financial year ending June 30, representing a 6.8 percent growth from the previous financial year, the revenue agency said Thursday. Humphrey Wattanga, commissioner general of the Kenya Revenue Authority (KRA), said …

Kampala, Uganda | THE INDEPENDENT | Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed “ambitious”, a journey to grow the economy from the current 53 Billion …

Kenya’s real GDP is expected to pick up gradually in the medium term, with growth projected to increase from 4.5 percent in 2025 to about 5.0 percent in 2026–27 Nairobi, Kenya | THE INDEPENDENT | Kenya’s public debt remains at high risk of distress, with interest payments absorbing about a third …

Financial results for the year ended December 31, 2024 show revenue climbs 15% to sh546 billion 🔴Highlights of Absa Bank Uganda 2024 Performance ✳ Profit After Tax: Increased by 22%, to UGX 178 billion. ✳ Revenue: A growth of 15.1%, driven by growth in customers, transactional activity, and credit support. ✳ Customer Loans: …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has hosted an eight-member delegation from the Malawi Revenue Authority (MRA) for a five-day benchmarking visit on Digital Tax Stamps (DTS). The visit aimed to provide insights into the implementation, monitoring, and enforcement of the system as Malawi prepares …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has reported that Uganda’s coffee export revenue has risen to USD 115.02 Million, in December 2024. Information from MAAIF indicates that Uganda exported 413,221 60-kg bags of coffee in December 2024, generating USD 115.02 Million in revenue, marking …

Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) has reported a remarkable performance in its half-year revenue collection, surpassing its target for the July to December 2024 period. The tax authority collected Shs15.25trillion against the target of Shs 14.93 trillion, registering a surplus of Shs 322 billion and …

KAMPALA, UGANDA | THE INDEPENDENT | The Uganda Revenue Authority (URA) has surpassed its expected revenue collection for the first half of the financial year 2024/25 by 322 billion Shillings. URA collected 15.2 billion between July and December 2024, surpassing its target of 14.9 billion Shillings. “This 102.16 percent achievement …

Kampala, Uganda | THE INDEPENDENT | The Local Government Finance Commission (LGFC) seeks to collect up to 1 trillion shillings in local revenue collections. The commission intends to hit this target by the 2025/26 financial year. This ambitious goal was revealed by Isaac Musumba, the commission chairman, during its rebranding function. …