Tag Archives: Kasaija

Under the spotlight: the law and big money Kampala, Uganda | HAGGAI MATSIKO | After ending its public hearings into Bank of Uganda’s closure of seven commercial banks, attention is shifting to the recommendations the Parliamentary Committee on Commissions, Statutory Authorities, and State Enterprises (COSASE), is set to make. It …

CHINA: Minister of Finance Kasaija’s secret letter to Museveni Kampala, Uganda | THE INDEPENDENT TEAM | When, on October 18, 2018, Uganda signed an agreement with China for a US$212.6 million loan (Approx. Shs78 billion) for rural electrification, the issue of Uganda’s increasing debt and the unfair terms of some …

Kampala, Uganda | THE INDEPENDENT | Minister of Finance Matia Kasaija has said Uganda’s debt remains sustainable with nominal debt to GDP of 41.5%. He said the debt levels are comfortably below the international sustainability threshold of 50% debt to GDP ratio –  beyond which debt starts getting unsustainable – and …

THIS WEEK: Shs530billion set aside for salary enhancements, Kasaija Kampala, Uganda | THE INDEPENDENT | While tabling the Shs30 trillion budget for FY2018/19 last week, Finance Minister Matia Kasaija revealed that Shs530billion has been set aside to cater for salary enhancements for some public servants including medical workers, university lecturers, low …

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on the National Economy has rejected the approval of a Sh736b domestic loan by the government for statutory payments, including salaries and wages. Last month minister of state for finance in charge of planning, David Bahati tabled before parliament a notice …

But Finance Minister, Kasaija, says the overall FY2017/18 budget is performing well Kampala, Uganda | JULIUS BUSINGE | There is bad news coming from Uganda Revenue Authority and the Ministry of Finance Planning and Economic Development (MoFPED). The latest data on tax collections shows that URA recorded Shs 324bn as …

Finance under attack over Shs.750 bn fresh borrowing, faces tough IMF Kampala, Uganda | HAGGAI MATSIKO | Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget. Previously, finding cash did not present …

Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent. COVER STORY Loans saga: Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget BUSINESS Inside the SGS contract saga: …

    IN THE INDEPENDENT THIS WEEK: The politics behind calls to censure Kasaija, fire Muhakanizi Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE Independent. COVER STORY Shs700bn loan saga: The politics behind calls to censure Kasaija, fire Muhakanizi EDUCATION O’ level science subjects: Why …

Kampala, Uganda | GODFREY SSALI | The Speaker of Parliament Rebecca Alitwala Kadaga has directed the Auditor General John Muwanga to conduct a special audit into the account of the Treasury, to establish how and where the $200 million that was meant to purchase drugs was spent. Kadaga ruled on …