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Great songs... Great memories

Mon, 26 Feb

Tax Collection in January 2024 improved by 95%

Tax Collection in January 2024 improved by 95%
26 February 2024
Figures released by the ministry of finance indicate that tax revenue collections for the month of January amounted to 2,122.54 billion shillings, posting a 95.9% performance against the planned 2,212.11 billion shillings.
This lower-than-target performance was mainly driven by the shortfalls in collections for indirect domestic taxes and taxes on international trade which more than offset the Shs 39.70 billion surplus registered for direct tax collections during the month.
According to the Performance of the economy report for the month of January , indirect domestic tax collections amounted to Shs 575.33 billion, implying a 91.2% performance rate against the planned target of Shs 631.22 billion during January 2024.

Mon, 26 Feb

Insurance firms paid out claims worth 728 billion shillings in 2023.

A new assessment indicates that claims paid out by the insurance firms increased to 45% in the year 2023, amounting to 728 billion shillings.
The assessment by the Insurance Regulatory Authority indicates that this is higher than claims paid out in 2022 which were recorded at 40%.
It further indicates that a total of 2500 cases were handled by the loss assessors and surveyors last year
The Chief Executive Officer Insurance Regulatory Authority Ibrahim Kaddunabi Lubega has now directed insurers to pay promptly, an indicator proper service delivery.
Story by
Wycliffe Sebunya

Mon, 26 Feb

Head of Ndiga Clan Bbosa Lwoma shot dead.

26 February 2024
The Head of Ndiga Clan in Buganda Kingdom Bbosa Lwoma has been shot dead by unknown gunmen.
Lwoma was shot dead last evening as he approached his home in Lungujja Parish in Rubaga Division Kampala
In a statement, Kampala Metropolitan Deputy Spokesperson Luke Owoyesigire says the assailants were riding on a motorcycle, opened fire at Bbosa’s motor vehicle, bearing registration number UAH 637X, resulting in his immediate demise.
Meanwhile, as the assailants took after the murder, a vigilant local resident knocked down the assailants’ motorcycle, alerting the community. This prompted members of the community to a confront them assailants hence Mob justice ensuing
As a result one assailant was killed at the scene, while the other remains in critical condition.