KOICA grant of USD8.5mn to automate Colombo municipality revenue systems

As part of the strengthening of friendship and cooperation between the Republic of Korea and Tunisia, the Korean Agency for International Cooperation (KOICA), in partnership with the Tunisian Association of Former Interns of KOICA (KAAT) and the World Friends Korea (WFK) programme, organized two major events in Sfax on 28 and 29 April 2025, illustrating the joint commitment to sustainable development, knowledge exchange and support for the healt…

KOICA grant of USD8.5mn to automate Colombo municipality revenue systems

ECONOMYNEXT – A Korea International Cooperation Agency (KOICA) grant of 8.5 million US dollars will help automate Sri Lanka’s Colombo Municipal Council revenue generation systems, minister Nalinda Jayatissa said. “The Colombo Municipality generates a high amount of revenue through about 75 sources, and 62 percent of this comes from assessment tax, license fee, trade tax and stamp duty,” Jayatissa told reporters. Automating these four sources can…