Tag Archives: revenues

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 …

New York, U.S. | Xinhua | U.S. pharmaceutical company Pfizer Inc. on Tuesday presented weaker-than-expected operating guidance for 2022 leading to material loss of its stock price. Pfizer expects to realize 98 billion to 102 billion U.S. dollars of revenues in 2022 and the mid-point of the guidance range represents a …

Kampala, Uganda | THE INDEPENDENT | Uganda’s formal tobacco Industry continues to be impacted by a growing trade in illicit products, attributed to government policies which are otherwise aimed at protecting the industry. These include the implementation of anti-smoking regulations as well as the tax measures that are largely aimed at …

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 …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority have agreed that there is a need to quickly centralize the collection of government revenues within the East African Community. Article 32 of the EAC Common Market Protocol provides for the harmonization …

Mbale, Uganda | THE INDEPENDENT |  The new Mayor for Mbale City has said that he will focus on increasing local revenue generated within the city.    Cassim Namugali, who swore in on Wednesday said that one of the challenges that his team is inheriting is the dwindling local revenues which …

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 …

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 …

Washington, United States | AFP | Twitter shares took a pounding Thursday as an unsettling update on its global user base offset upbeat figures on revenues and profits in the past quarter. Shares skidded 9.8 percent to close at $30.80 following Twitter’s fourth quarter update, which showed a consistent profit trend …

By Andrew M. Mwenda On October 16, 2009, Oxford’s Prof. Paul Collier gave a talk at Serena Hotel in Kampala on the prospects of an oil windfall in Uganda. Unlike in most of his work, this time Collier did not focus on how the international community (read the West) can …