Invesco Electronic cargo tracking systems has started operations in South Sudan by training revenue officials.
Invesco was given the mandate to training and handle all cargo both land and freight after government failed to hit set targets. Before Invesco, South Sudan Revenue Authority had picked K-Polygon to same work but it was phased out after failing to hit the targets given them by South Sudan Revenue Authority.
Last week government of South Sudan through its National Revenue authority (NRA) partnered with Uganda Revenue Authority to weed out smuggling and dumping.
“Collections from customs have been low, pushing us to make tough decisions. Invesco’s services will help us improve collections said Africano Mande, Commissioner General of South Sudan Revenue Authority is quoted by The City Review newspapers.
In a December 2023, contract which Eagle Online has seen, Invesco was been given powers to train, operate and implement.
“Oegfrem’s grateful acknowledgement for the effective partnership in place between Invesco/Transcom OBO Ogefrem with URA for the purpose of enforcement of Ogefrem certification whose duties include the verification of all surface and airfreight Ogefrem certifications issued by Ogefrem appointed Agents and Ogefrem offices pertaining to exports distained to exports for DRC transiting and/or originating in Uganda” reads the letter.
Last week, Commissioner General of South Sudan Revenue Authority (SSRA) Africano Mande paid a visit to URA Commissioner General John Musinguzi to discuss his country’s plans to apply new cargo monitoring system.
Commissioner Mande announced the collaboration between SSRA and INVESCO, Ugandan company that will provide cargo-tracking technology.
Collections from customs have been low, pushing us to make tough decisions to improve. Invesco’s services will help us improve collections and even exceed our targets’ Commissioner Mande said.
The deployment of Invesco will reduce the VAT refund racket where people claimed to heading to South Sudan and leave goods on the market while claiming for VAT refund from URA. It is estimated that Uganda has been losing about Shs10 billion a day while South Sudan could have lost more.
