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Tag Archives: Matia Kasaija

Gov’t to borrow UGX 1.7 Trillion to finance budget

Kampala, Uganda | THE INDEPENDENT | The government is intending to borrow 1.73 trillion Shillings to finance the country’s development and infrastructure budget for the current financial year. Uganda Radio Network has learnt that the Minister of Finance, Matia Kasaija has already submitted to Parliament a formal request to borrow money …

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Gov’t to release Shs30 billion for coffee, tea seedlings

Kampala, Uganda | THE INDEPENDENT | Government has agreed to release Shs30 billion towards the supply of seedlings to coffee and tea farmers, the Minister of Finance, Matia Kasaija, has said. “We shall release the money to Uganda Coffee Development Authority and National Agricultural Advisory Services as per the budget. I need …

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Regional food security symposium set for October

Kampala, Uganda | THE INDEPENDENT | The Climate Change Action East Africa (CCAEA) and the International University of East Africa (IUEA) are organizing a symposium and expo for October this year at the IUEA Kampala campus, Kansanga – Ggaba Road, they said on Sept.7. The symposium will be an avenue to promote …

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Demand for credit slows with raising interest rates

Kampala, Uganda | THE INDEPENDENT | The banking industry has defended its changing mode of operation which sections of the public describe as less friendly, saying they have learnt from the effects of global shocks on the businesses and economies generally. In recent times, Bank of Uganda has compelled commercial banks …

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Parliament wants Beti Kamya, Kasaija investigated

Kampala, Uganda | THE INDEPENDENT | Parliament has recommended the investigation of the former Minister of Lands, Housing and Urban Development, Beti Kamya and Finance Minister, Matia Kasaija for their role in the shs10.6 billion land compensation. The House chaired by Speaker of Parliament, Anita Among on Thursday, 04 August 2022 adopted …

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Sports federations welcome increase in budget

Kampala, Uganda | THE INDEPENDENT | Sports federations have welcomed additional funding to the sports sector. According to the 2022/23 financial year budget figures read by the Minister of Finance, Planning and Economic Development, Matia Kasaija on Tuesday, the sports sector will receive Shillings 47.81 billion up from Shillings 17billion provided …

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Uganda to increase forest cover to 15 percent next financial year

Kampala, Uganda | THE INDEPENDENT | Uganda is aiming to increase its forest cover to 15 percent from the current 12.4 percent over the next financial year starting from July 1, so as to mitigate environmental degradation. “Central Forest Reserves will be protected from encroachment by re-surveying and marking of 6,200 …

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Gov’t to revoke licenses of traders hoarding commodities

Kampala, Uganda | THE INDEPENDENT | The government will revoke trading licenses of business entities hoarding essential commodities on the market. This was revealed by Matia Kasaija, the Minister of Finance, Planning, and Economic Development while addressing members of Uganda Parliamentary Press Association-UPPA during a National Budget Conference at Hotel Africana …

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Shs10 billion supplementary budget to Lands Ministry illegal- Kasaija

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has apologized for the Shs10.6 billion supplementary budget for Uganda Land Commission (ULC) to pay land claimants in Buganda and Bunyoro sub-regions in the financial year 2020/2021. Kasaija admitted that the request for the supplementary was …

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No funds for coffee seedlings

Kampala, Uganda | THE INDEPENDENT | Government will not provide funds for coffee and tea seedlings in the next financial year. According to the Minister of Finance, Planning and Economic Development, Matia Kasaija, this has been triggered by the revenue short falls arising from the COVID-19 pandemic and its effect on the …

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