The Uganda Registration Services Bureau (URSB) has posted its second-highest non-tax revenue (NTR) performance to date, raking in Shs71.8 billion during the 2024/25 financial year a 9.5% increase from the previous year.
The growth has been largely fueled by rapid digital innovation, increased business formalization, and a spike in public confidence in the bureau’s streamlined services.
The figures were unveiled during the July 25 edition of “RG’s Fireplace,” URSB’s signature virtual performance review forum held under the theme “Setting Pace for the New Financial Year.”
URSB’s Manager for Planning and Research, Mr. Baker Ssebudde, attributed the robust performance to the institution’s deliberate investments in technology, public outreach, and operational efficiency.
“These figures are a testament to our continued investment in digital systems, innovative outreach, and commitment to efficient service delivery,” Mr. Ssebudde said.
The Bureau’s aggressive digital transformation agenda continues to pay off. In the past year alone, URSB registered 8,408 new companies, processed over 21,000 business names, and recorded a 66% rise in security interest notices, signaling growing adoption of movable property as loan collateral.
One of the standout achievements was the nationwide rollout of 61 digital business clinics, aimed at promoting formalization across the country. The initiative yielded Shs3.89 billion in new revenue and ushered more than 6,000 informal businesses into the formal economy.
“These clinics are helping bridge the gap between informal entrepreneurs and the formal economy,” Mr. Ssebudde added, citing the clinics’ growing influence on access to credit and inclusion in formal markets.
With momentum on its side, URSB is now looking to scale even greater heights. Deputy Registrar General Alex Anganya used the Fireplace platform to outline the bureau’s ambitious roadmap for the 2025/26 financial year.
“We are setting ambitious targets for the coming year enhancing efficiency, expanding digital platforms, and ensuring Uganda remains an attractive destination for investors,” said Mr. Anganya.
Key focus areas include expanding URSB’s regional reach, investing further in digital infrastructure, and strengthening the institution’s customer-centric approach to service delivery.
URSB’s evolution from a traditional registrar to a dynamic, digitally empowered institution is cementing its position as a cornerstone of Uganda’s private sector development.
With a balanced blend of innovation, inclusivity, and institutional discipline, the agency is now recognized as a key driver of entrepreneurship and national transformation.
