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Tag Archives: Matia Kasaija

UGX 200bn allocated for 2021 elections

Kampala, Uganda | THE INDEPENDENT |  The Government has allocated 223 billion shillings for the implementation of the Electoral Roadmap for the 2021 General Elections. This was revealed by the Minister for Finance, Planning and Economic Development Matia Kasaija on Thursday during the presentation of the budget for financial year 2019/2020. …

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Agriculture Budget increases to 1 Trillion shillings

Kampala, Uganda | THE INDEPENDENT | Government has allocated 1 trillion shillings for the Agricultural sector in the financial year 2019/2020. Agriculture last year was allocated 893 billion shillings. The Finance Minister Matia Kasaija on Thursday said that the increment is meant to boost the Agriculture sector. Kasaija said in the …

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Gov’t pushes final investment decision for oil production to September

Kampala, Uganda | THE INDEPENDENT | Government has pushed the Final Investment Decision (FID) for commercial oil production to September 2019. Speaking during the budget presentation on Thursday, Finance and Economics Development Minister, Matia Kasaija said, “Preparation for commercialization of oil and gas resources continued this year. The lead investor for …

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SGR funder doesn’t want to look at us-Finance Minister

Kampala, Uganda | THE INDEPENDENT | Ugandan traders expecting to use the Standard Gauge Railway to transport their merchandise from Mombasa to Kampala should forget it for now as the funder doesn’t want to commit money before he is sure that the Kenyan line will reach Malaba border. Uganda had hoped …

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Gov’t, Oil companies yet to agree on tax, recoverable costs

Kampala, Uganda | THE INDEPENDENT | The government and oil companies have failed to reach a consensus on key issues which could potentially create more delays for the Final Investment Decision (FID). The delay is a setback to the planned construction of the pipeline and the refinery. The contentious issues …

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Minister Kasaija warns contractor over failure to compensate residents

Kampala, Uganda | THE INDEPENDENT | The Finance, Planning and Economics Development Minister, Matia Kasaija has asked China Communications Construction Company, which is constructing Mubende-Kakumiro-Kibaale-Kagadi road to improve its working relationship with the local communities. Government contracted the Chinese firm to undertake the construction of the 104-kilometre road at Shillings …

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Oil revenue investment advisory committee inaugurated

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance and Economic Development Matia Kasaija has inaugurated the petroleum revenue investment committee. The committee will be tasked to decide where the money from the country’s oil sector would be invested. The seven-member committee will be headed by 55-year-old Prof Samuel …

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Ministry of Finance accused of hijacking road fund mandate

Kampala, Uganda | THE INDEPENDENT | The Uganda Road Fund (URF) has accused the Ministry of Finance of hijacking its mandate by directly appropriating funds for road maintenance. The Uganda Road Fund Act, 2008 gives URF the mandate to finance road maintenance of public roads and related activities. It allocates …

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New planes: Oulanyah questions competence of gov’t officials

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah has today questioned the competence of several government officials following the manner in which they handled the registration process of Uganda National Airlines Company. This was during the debate by Members of Parliament on a supplementary budget …

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MPs recommend transfer of Uganda Airlines to UDC

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has recommended that the ownership of Uganda National Airlines Company Limited be transferred to Uganda Development Corporation-UDC. According to the Uganda Development Corporation Act 2016, UDC is the business arm of Government. The new recommendation is carried in a report to …

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