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Tag Archives: Matia Kasaija

Kasaija prays for one more term to quit elective politics

Kampala, Uganda | THE INDEPENDENT | Matia Kasaija, the Member of Parliament of Buyanja County in Kibaale district has said that he does not intend to seek another term if re-elected into office in 2021. Kasaija who doubles as the Minister of Finance, Planning and Economic Development said that the …

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Parliament issues gov’t ultimatum over Islamic banking

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the Minister of Finance Matia Kasaija to table before the House regulations to start the implementation of Islamic banking by 21st July. Kadaga’s directive followed a matter of national importance raised by Kawempe North MP Latif …

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No money to pay South Sudan traders-Kasaija

Kampala, Uganda |  THE INDEPENDENT |  The Minister for Finance Matia Kasaija has told Parliament that the government does not have money to pay Ugandan traders who supplied goods to South Sudan.  In 2019, Parliament approved 900 Billion shillings for traders that supplied goods and services to the South Sudan government …

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Lands Ministry intervenes in Masindi land wrangle

Masindi, Uganda | THE INDEPENDENT | The Ministry of Lands has intervened in a wrangle between Uganda Investment Authority-UIA and over 2,000 residents over a contested piece of land in Masindi district. The land measuring approximately 60 square miles is situated in Kimengo sub-county Masindi district. More than 2,000 people …

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Banks restructure loans worth UGX 2 trillion

Kampala, Uganda |  THE INDEPENDENT |  The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, …

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Finance Minister asked to explain variance in budget figures

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has summoned the Minister of Finance Matia Kasaija to explain the variance in figures presented during his budget speech which was presented last week. This follows an observation of inconsistencies in the figures that were approved by Parliament …

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Private sector, CSOs hail gov’t for tax relief, recapitalizing of UDB

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation and Civil Society Organisations have welcomed the budget saying it reflects Uganda’s current situation and looks at reviving vital sectors. On Thursday, the Minister for Finance Matia Kasaija passed 45 trillion shillings budget for the 2020/2012 financial year. Dr Elly …

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Gov’t to enhance digital, distance learning amidst COVID-19

Kampala, Uganda| AFP |  THE INDEPENDENT |  President Yoweri Kaguta Museveni has said government is discussing the possibility of having distance learning as the world battle the Coronavirus (COVID-19).  Museveni was today speaking at the reading of the 45 trillion shillings national budget. The President said he is glad that the …

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Gov’t delays taxes worth UGX 129.4 billion in business relief

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has announced the postponement of taxes worth 129.4 billion as a short term emergency relief measure to businesses affected by coronavirus pandemic. The taxes postponed include corporate income tax, Pay As You Earn (PAYE) and presumptive tax, which …

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Kasaija slaps tax on imported agricultural products

  Kampala, Uganda | THE INDEPENDENT | The government has slapped taxes on imported agricultural products. In the 2020/21 budget, Matia Kasaija, the Minister of Finance said he seeks to promote import substitution and develop local industries. He said the government has increased import duties on goods that are produced …

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