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URA Collects Shs10Trn In First Six Months Of FY 2021/22 As Direct Taxpayers Hit 2M

John R. Musinguzi, the URA Commissioner General Uganda Revenue Authority (URA) recorded Shs10.163 trillion in net revenue collections for the first 6 months of this FY 2021/22, against a target of Shs11.063 trillion. This represents 45.44% of the annual target. A shortfall of UGX 900.81 billion was incurred with a performance of 91.86%. It

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News

Gov’t Failed To Spend Shs3 Trillion In 2021-Auditor General

Auditor General John Muwanga Government failed to spend and therefore returned back to the consolidated fund Shs3.1Trn in 2021, the Auditor General report dated  December 2021 has revealed. This has been attributed to under absorption due to the Covid-19 restrictions. According to the report, Government’s approved budget  Shs51.6Trn and of this, Shs46.7Trn was released.

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BankingNews

Equity Bank Eases Account Opening In A Move To Tap Uganda’s Unbanked Population

Equity Bank officials unveiling the USSD code to open a bank account  Equity Bank Uganda Wednesday morning launched an easier way to open a bank account using a USSD code. This is aimed  at tapping into Uganda’s unbanked population. The bank’s Executive Director- Commercial Banking, Michael Matovu Sseguya says the latest addition to

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