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Tag Archives: Matia Kasaija

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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UNRA gets UGX 4 Trillion for oil roads land acquisition

Kampala, Uganda | THE INDEPENDENT | The government has allocated 4 trillion shillings towards land acquisition and compensation for three oil roads in the 2019/2020 financial year.  The roads are Hoima-Butiaba-Wanseko, Masindi-Biiso, Masindi-Bugungu and Buhimba-Kakumiro-Mubende. According to Finance minister Matia Kasaija, the allocation is part of the 6.4 trillion Shillings budget …

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Gov’t promises to extend Umeme concession

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija says the government is to extend power distributor Umeme’s concession. His revelation ends the uncertainty over Umeme’s future in Uganda’s energy sector as electricity supplier. Kasaija in his 2019/20 financial year budget speech however said the concession with Umeme Limited …

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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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