Kampala, Uganda | THE INDEPENDENT | The ongoing investigations into the conduct of the National Social Security Fund-NSSF former Managing Director, Richard Byarugaba will not in any way affect the members’ savings, Finance Minister, Matia Kasaija has said. This comes almost three weeks after the president, Kaguta Yoweri Museveni on …
Read More »URA’s Shs25trillion target plan
Commissioner General John Musinguzi outlines ways of hitting this target | THE INDEPENDENT | Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. …
Read More »COMMENT: Counting the benefits of a regulated retirement benefits sector
COMMENT | MATIA KASAIJA | It is ten years since the enactment of the Uganda Retirement Benefits Regulatory Authority (UBRBA) Act, 2011. It has been a decade of transformation for the retirement benefits sector. If anything, the last ten years have demonstrated the relevance and significance of a regulator for …
Read More »‘Middle Income’ status
Museveni’s dream and numbers that don’t lie Kampala, Uganda | RONALD MUSOKE | Since President Yoweri Museveni announced on June 7, rather surprisingly, that Uganda had attained Lower Middle Income status, the question has been why the President appears desperate for Uganda to attain that rank. Several views have …
Read More »Unending teacher strikes
Teachers: How Museveni’s strategy is failing COVER STORY | MUBATSI ASINJA HABATI | Non-science teachers in government secondary schools across the country, their primary school counterparts, and tutors in teacher training colleges who are on strike demanding unbiased pay appear to have President Yoweri Museveni cornered. Although the President is talking …
Read More »10 years of budget show limited shift in national priorities
A huge chunk of 2022/23 Shs48.1tn budget will go to the usual sectors of works and transport, security, health and education NEWS ANALYSIS | ISAAC KHISA | Uganda’s national budget, read on June.14, has drawn mixed reactions from various players, with manufacturers partly welcoming it but the civil society …
Read More »Background to the sh48 trillion Uganda budget
BUDGET summary 2022/23 ➡ Shs.48,130.7 billion ❇Domestic revenue: Shs.30,797.3 bn with Shs.23,754.9 bn as tax revenue & Shs.1,795.9 bn as non tax revenue. ❇ Domestic borrowing is Shs.5,007.9bn ❇ Budget support is Shs.2,609.2bn ❇External financing for projects amounts to Shs.6,716 bn of which Shs.4,625.7bn is from loans & Shs.2,090.5 bn …
Read More »COSASE ponders criminal summons after Finance Minister Kasaija snubs committee
Kampala, Uganda | THE INDEPENDENT | Lawmakers on Commissions, Statutory Authorities and State Enterprises – COSASE were on Thursday morning left upset after the Minister of Finance, Planning and Economic Development Matia Kasaija failed to appear before them for the second time, without giving any reason. Led by Joel Ssenyonyi, the …
Read More »Collective investment scheme assets cross Shs1tn
This is good news but finance minister Matia Kasaija wants more Ugandans to save | THE INDEPENDENT | There is good news from the Capital Markets Authority (CMA) of a big milestone amounting to slightly over Shs1.1trillion attained as Assets Under Management by licensed Collective Investment Scheme (CIS) managers, representing …
Read More »What next as Vinci coffee deal cools?
Museveni defends, Buganda reacts Kampala, Uganda | MUBATSI ASINJA HABATI | On 10 February 2022, the Minister of Finance, Matia Kasaija signed an agreement with an Italian, Enrica Pinetti to allow her company, Uganda Vinci Coffee Company Limited (UVCC), to establish a coffee processing plant worth US$80 million. Apart from …
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