BRELA surpasses revenue goal in half-year
MWANZA: THE Business Registrations and Licensing Agency (BRELA) have surpassed its revenue target, reaching 105 per cent of planned collections in the first half of the 2025/2026 financial year, highlighting improved efficiency in resource mobilisation and growing business compliance.
BRELA Managing Director, Mr Godfrey Nyaisa, made the remarks during the BRELA Workers’ Council meeting held in the Mwanza Region yesterday, which was officiated by the Minister for Industry and Trade, Ms Judith Kapinga.
“During this period, a total of 3.1bn/- has been remitted to the Government’s consolidated Fund,” he said.
He stated that goal implementation has reached 78 per cent so far, indicating that the institution is on the right track to achieve its annual targets
He added for the 2026/2027 financial year, BRELA will begin implementing a new strategic plan aimed at building a competitive economy, increasing youth employment and ensuring sustainable development of the country’s business sector.
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During the meeting, Minister Kapinga emphasised that digital transformation is a key pillar in strengthening the performance of public institutions, particularly BRELA.
She explained that in achieving the National development Vision 2050, BRELA must continue strengthening its ICT systems to ensure its services are easily accessible online without the need for physical visits to offices.
She noted that digital systems will help reduce the time required for business registration and license issuance, while also complying with international information security standards.
Minister Kapinga stressed that the reforms are not only aimed at increasing business registration statistics, but also at ensuring that more businesses enter the formal sector.
