Tag Archives: revenues

Uganda is setting up numerous infrastructure projects including pipeline, oil processing facilities and airport among others for its nascent oil and gas resources ahead of production Kampala, Uganda | THE INDEPENDENT | MTN Uganda is positioning itself to harness the opportunities presented by the oil and gas sector with substantial investments …

Pests and diseases, including root mealy bugs and coffee berry disease, remains a big challenge to the farmers Kampala, Uganda | JULIUS BUSINGE | Uganda has achieved a historic milestone in its coffee exports, generating an impressive $940.3 million in revenues for the 2022/2023 coffee year that concluded on September 30. …

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 …

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, …

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 …

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, …

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 …

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 …