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Tag Archives: revenues

Ethiopian Airlines’ revenue up 79 pct in 2021/2022 fiscal year

Addis Ababa, Ethiopia | Xinhua | Ethiopia’s national flag air carrier Ethiopian Airlines earned 5 billion U.S. dollars in revenue during the last Ethiopian 2021/2022 fiscal year, which ended on July 7. Ethiopian Airlines’ 2021/2022 fiscal year revenue showed an increase of 79 percent compared to the previous 2020/2021 fiscal year, …

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Magyezi seeks amendment of Public Finance Management Act

Kampala, Uganda | THE INDEPENDENT | The Minister for Local Government, Raphael Magyezi has asked lawmakers to amend the Public Finance Management Act to mandate local governments to appropriate local revenues in accordance with the Constitution, the Local Government Act and the policy on decentralization. Article 191 (1) of the constitution states …

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Mbale city suspends collection of street parking fees

Mbale, Uganda | THE INDEPENDENT | Mbale City Council has suspended the collection of street parking fees over the continued fights between its contractors. On Monday afternoon, business in Mbale city came to a halt as workers of the companies physically fought to collect the revenues. The companies include Nalu Tours …

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Gov’t cuts spending by UGX 2 Trillion as revenues fall

Kampala, Uganda | THE INDEPENDENT | The government has released funds for the first quarter of the financial year 2021/22, with focus on the health sector and the fight against Covid-19. The release amounting to 5.673 Trillion Shillings represents 25% of the approved government budget minus external financing, appropriation in aid …

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Gov’t revenues fall short by UGX 789 Bn in April – Report

Kampala, Uganda | THE INDEPENDENT | Government revenues – taxes, grants and non-tax revenues – suffered the hardest beating in April falling below target by a whopping 789.8 billion Shillings, the clearest indicator of how the coronavirus has battered the Ugandan economy. According to the Ministry of Finance Performance of the …

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Lira Municipality records increase in local revenue

Kampala, Uganda | THE INDEPENDENT | Lira municipality has recorded a slight increase in local revenues, thanks to the improved infrastructure under the Uganda Support to Municipality Infrastructure Development- USMID project. The Project, funded by the World Bank has seen key infrastructural installations set up. Roads in the Central Business District …

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