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Tag Archives: Matia Kasaija

Ugandans are much richer-UBOS

Kampala, Uganda | THE INDEPENDENT | Ugandan economy is bigger than previously estimated, with new numbers showing Ugandans are much richer than had been thought, according to Uganda Bureau of Statistics (UBOS). According to UBOS, they rebased the economy using the prices of 2015/16 financial year. This saw Uganda’s size …

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Gov’t tells Ugandans to stay away from cryptocurrencies

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has issued a strong warning to Ugandans investing in cryptocurrencies, saying the government does not recognize them and citizens are on their own. A Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of …

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Customers Bank deposits now protected up to UGX 10m

Kampala, Uganda | THE INDEPENDENT | The government has increased the deposit insurance limit from the current 3 million to 10 million shillings. This is the amount of money that is put aside to cater for misfortunes like the closure of a bank, as a guarantee that depositors can be …

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Departed Asians Property Custodian Board seal missing

Kampala, Uganda | THE INDEPENDENT | Parliament has asked the Criminal Investigations Department (CID) to investigate the whereabouts of the seal of the Departed Asians Property Custodian Board. This follows a dispute between the Finance Minister Matia Kasaija, and former Custodian Board Secretary Bernard Tumwesigire, who presented a custodian board …

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Government to invest UGX 23 billion in Mabale tea factory

Kampala, Uganda | THE INDEPENDENT | The government has finalized with plans to buy shares worth 23 billion Shillings in Mabale tea factory in Kyenjojo district, according to Finance Minister Matia Kasaija. Mabale growers tea factory started in 1969, as a government-owned business, but collapsed during the Idi Amin regime. …

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IG breaks ground for UGX 69bn headquarters

Kampala, Uganda | THE INDEPENDENT | Construction of the headquarters of the Inspectorate of Government-IG is finally set to begin.   Speaking at the ground breaking ceremony on plots 71-75 Yusuf Lule Road and Plots 24-26 Clement Hill, Kampala this morning, Rose N. Kafeero, the Permanent Secretary of the IG, said …

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