Financial results for the year ended December 31, 2024 show revenue climbs 15% to sh546 billion 
Highlights of Absa Bank Uganda 2024 Performance 
Profit After Tax: Increased by 22%, to UGX 178 billion. Revenue: A growth of 15.1%, driven by growth in customers, transactional activity, and credit support. Customer Loans: …
Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has hosted an eight-member delegation from the Malawi Revenue Authority (MRA) for a five-day benchmarking visit on Digital Tax Stamps (DTS). The visit aimed to provide insights into the implementation, monitoring, and enforcement of the system as Malawi prepares …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has reported that Uganda’s coffee export revenue has risen to USD 115.02 Million, in December 2024. Information from MAAIF indicates that Uganda exported 413,221 60-kg bags of coffee in December 2024, generating USD 115.02 Million in revenue, marking …
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Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) has reported a remarkable performance in its half-year revenue collection, surpassing its target for the July to December 2024 period. The tax authority collected Shs15.25trillion against the target of Shs 14.93 trillion, registering a surplus of Shs 322 billion and …
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KAMPALA, UGANDA | THE INDEPENDENT | The Uganda Revenue Authority (URA) has surpassed its expected revenue collection for the first half of the financial year 2024/25 by 322 billion Shillings. URA collected 15.2 billion between July and December 2024, surpassing its target of 14.9 billion Shillings. “This 102.16 percent achievement …
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Kampala, Uganda | THE INDEPENDENT | The Local Government Finance Commission (LGFC) seeks to collect up to 1 trillion shillings in local revenue collections. The commission intends to hit this target by the 2025/26 financial year. This ambitious goal was revealed by Isaac Musumba, the commission chairman, during its rebranding function. …
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What African cities might learn from Hong Kong’s unique land-lease system ANALYSIS | ASTRID R.N. HAAS | Land prices across many African cities are soaring. This is because land is a city’s key asset. As urbanisation progresses, demand for land will rise, and therefore so will land prices, because the supply of land in …
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Kampala, Uganda | THE INDEPENDENT | Civil society actors in the Energy sector have been asked to join the government’s effort to develop Uganda oil including the East African crude oil Pipeline. The ongoing development of the oil infrastructure in the Albertine Graben has been resisted by some NGOs in Uganda …
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Documentary products such as guarantees, letters of credit and supply chain finance are the “core solutions that the lender expect to see continued demand for” from Chinese corporates ANALYSIS | FELIX THOMPSON | Pan-African lender Absa Bank is anticipating a significant rise in trade finance revenues on goods flows linking China …
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Kampala, Uganda | THE INDEPENDENT | The government has witnessed an increase of nearly 80 percent in local revenue collection from local governments following the transition to online and mobile payment platforms. In 2017, the government started to automate Revenue Management Systems across Local Governments, and one of the systems introduced …
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The Independent Uganda: You get the Truth we Pay the Price
