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Tag Archives: revenues

NSSF revenues up 15% to Shs2.2tn

The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …

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Decentralise Local Government revenues to boost services – MPs

Kampala, Uganda | THE INDEPENDENT | Members of Parliament (MPs) have called for the amendment of the Local Government Act to improve service delivery. This followed a report of the Committee on Public Accounts (Local Government) on the Report of the Auditor General for Financial Year 2020/2021 on 49 district local governments, …

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Russian revenues from oil, gas business grow 28 pct in 2022

Moscow, Russia | Xinhua | Russia’s budget revenues in 2022 from the oil and gas industry increased by 28 percent or by 2.5 trillion rubles (36.4 billion U.S. dollars) from the previous year, Russian Deputy Prime Minister Alexander Novak said Monday. Despite sanctions by unfriendly countries, oil production in Russia amounted …

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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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