Revenue performance in Uganda Archives

MTN Uganda Records rapid revenue increase in first quarter of 2022

Nelson NambooleCompany News News & AnalysisMay 4, 2022May 4, 2022

MTN Uganda Limited has in the first quarter of 2022 ended 31 march, recorded a steady progress despite challenging macro environment following a protracted lockdown due to COVID-19. Salient features: • Mobile subscribers increased by 8.5% to 15.9 million • Active data subscribers grew by 20.1% to 5.4 million • Active fintech subscribers increased by 14.9% to 9.5 million • Service revenue grew by 11.0% to UGX 536.3 billion • Data revenue grew by 45.0% to UGX 115.6 billion • Fintech revenue grew by 20.7% to UGX 144.8 billion • Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by…

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URA registers UGX900b shortfall, lists reforms to increase revenue target

CEO ReporterThe Big StoryFebruary 2, 2022February 2, 2022

Uganda Revenue Authority (URA) has registered a shortfall of UGX900.81 for the first quarter of financial year 2021/2022. While presenting the revenue performance, URA Commissioner General John Musinguzi Rujoki said: “Uganda Revenue Authority was given a revenue target, by the Ministry of Finance, Planning and Economic Development, of UGX 22,363.51 billion which is 16.10% (UGX 3,100.51) higher than the actual revenue collection from the last financial year. As a result, in the last six months URA projected to collect 49.47% representing UGX 11,063.90 billion, an increase of 16.80% (UGX 1,591.43 billion) from the realised revenue for the same period last…

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