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Tag Archives: Matia Kasaija

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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Finance ministry increases supplementary request by UGX 390B

Kampala, Uganda |  THE INDEPENDENT |   The Ministry of Finance is seeking to add another 390 billion Shillings to the supplementary request of 3.426 trillion Shillings currently before the Parliamentary committee. The request puts the supplementary budget at 3.853 trillion Shillings.   The first supplementary is to finance a classified budget …

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Government, bankers appeal for foreign rescue

Kampala, Uganda |  THE INDEPENDENT | Uganda’s banking sector is appealing to the global lending community to come to the rescue of Uganda’s economy where the local lenders are finding it hard to reach in the quest to revive the economy.  The commercial banks admit that some sectors of the economy …

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