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Tag Archives: Matia Kasaija

Parliament raises red flag over directive to suspend DGF activities

Kampala, Uganda |  THE INDEPENDENT  |  Members of Parliament have questioned President Yoweri Museveni’s directive to the Ministry of Finance to suspend activities of the Democratic Governance Facility (DGF) in the country over alleged subversion of government activities. DGF is the single biggest donor basket established by Development Partners to provide …

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I opposed revival of national airline- Minister Kasaija

  Kampala, Uganda |  THE INDEPENDENT | The Minister for Finance, Matia Kasaija has said that he had initially opposed the idea of reviving the National Airline.  According to Kasaija, when the idea was fronted in the cabinet he and other ministers were of the view that the government should slow down …

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No need for recapitalization of BoU – Deputy Governor

Kampala, Uganda | THE INDEPENDENT | The Central Bank does not need recapitalization in the 2021/2022 financial year according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of parliament on Wednesday. He was appearing on the request of the committee to clarify on the Shillings …

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Parliament queries continuous BoU recapitalization

Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the chairperson of Finance Committee of Parliament is suspicious that the government could be siphoning funds meant for the recapitalization of the Central Bank. He disclosed his suspicions during a meeting between legislators on the Budget committee, officials from the Ministry of Finance …

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MPs demand audit of COVID cash

Kampala, Uganda | THE INDEPENDENT | Members of the Budget committee of Parliament have demanded for an audit into the funds received by government to handle the COVID-19 pandemic. The demand was put to the Finance Minister Matia Kasaija who appeared before the committee on Monday to present government priorities in …

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Every MP to get Sh300 million to buy a car

Kampala, Uganda |  THE INDEPENDENT | A pleasant welcome awaits the freshly elected and re-elected members of Uganda’s parliament – all 520 of them. The Minister of Finance Matia Kasaija is hunting for sh165bn to avail Parliament a budget for MPs motor vehicle allowances in the 11th Parliament. Divided by about 520 …

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Uganda to spend UGX 7 trillion on loans

Kampala, Uganda |  THE INDEPENDENT | The Government plans to spend 1.826 Trillion Shillings on repayments of external debt next financial year, up from 1.12 trillion Shillings in the current year. The increase is attributed to an increase in non-concessional financing.    Non-concessional loans usually carry commercial interest rates which are …

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Minister Kasaija unopposed as sole opponent withdraws

Kampala, Uganda |  THE INDEPENDENT | Finance, Planning and Economic Development Minister, Matia Kasaija has sailed through unopposed as the Buyanja West member of parliament in Kibaale District following the withdrawal of his sole opponent, Paul Kyalimpa. Kyalimpa quit the race following his appointment as the Deputy Director-General Uganda Investments Authority, …

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Government seeks supplementary budget to pay tobacco farmers

Kampala, Uganda | THE INDEPENDENT | The government has unveiled a plan to pay Uganda Shillings 11.3 billion to more than 1,000 tobacco farmers in Bunyoro sub-region who were denied payments by the tobacco companies that had reportedly contracted them. Seven companies purchased tobacco leaf from the farmers whom say they …

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COSASE directs finance ministry to refund UGX 800M to custodian board

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has tasked the Ministry of Finance to refund 800 Million Shillings to the Departed Asians Properties Custodian Board taken after the closure of the International Credit Bank (ICB). Finance Minister Matia Kasaija on …

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