Uganda's Highest Business Failure Rate

Uganda's Highest Business Failure Rate

Monitor

The Uganda Revenue Authority (URA) has revealed that several companies have registered sharp declines in annual incomes over a period of four years ending June 2023. According to a URA report, the most affected were businesses with an annual turnover of around Shs50m. This revelation came hot on the heels of a disclosure by the Uganda Retirements Benefits Regulatory Authority.

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