Kampala, Uganda | THE INDEPENDENT | Lawmakers on Commissions, Statutory Authorities and State Enterprises – COSASE were on Thursday morning left upset after the Minister of Finance, Planning and Economic Development Matia Kasaija failed to appear before them for the second time, without giving any reason. Led by Joel Ssenyonyi, the …
Read More »Collective investment scheme assets cross Shs1tn
This is good news but finance minister Matia Kasaija wants more Ugandans to save | THE INDEPENDENT | There is good news from the Capital Markets Authority (CMA) of a big milestone amounting to slightly over Shs1.1trillion attained as Assets Under Management by licensed Collective Investment Scheme (CIS) managers, representing …
Read More »What next as Vinci coffee deal cools?
Museveni defends, Buganda reacts Kampala, Uganda | MUBATSI ASINJA HABATI | On 10 February 2022, the Minister of Finance, Matia Kasaija signed an agreement with an Italian, Enrica Pinetti to allow her company, Uganda Vinci Coffee Company Limited (UVCC), to establish a coffee processing plant worth US$80 million. Apart from …
Read More »Road Fund to become operational 14 years late
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has assured parliament that the Road Fund was going to be operationalized following a legal opinion provided by the Attorney General. Kasaija’s statement follows a motion tabled by Tororo Woman MP, Sarah Opendi questioning why government was not …
Read More »RETIREMENT: Savers to be able to get housing loans
Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …
Read More »SOUTH SUDAN: Kasaija names 23 companies to be compensated
Kampala, Uganda | THE INDEPENDENT | Amidst a heated debate, Minister of Finance Matia Kasaija has named 10 companies that have been paid, and 23 who have been verified and are set to be compensated after losses in South Sudan’s 7-year civil war that started in 2013. The 33 are …
Read More »Entebbe Airport gone or not?
The facts versus what government says and what public believes Kampala, Uganda | THE INDEPENDENT | Does Uganda stand to lose control of Entebbe International Airport to Chinese lenders over a $350 million loan? The government says China cannot take the airport but the raised voices on the issue shows …
Read More »NHCC, Stanbic to develop housing units for sale
High costs involved in provision of other services such as water, roads and electricity have been cited as the main hindrances for provision of low cost housing Kampala, Uganda | THE INDEPENDENT | National Housing and Construction Company Limited, Stanbic Properties Limited, and Stanbic Bank Uganda Limited have entered a …
Read More »Banks yet to receive Sh200Billion Small Enterprises Rescue Fund
Kampala, Uganda | THE INDEPENDENT | Commercial banks and microfinance institutions are yet to to officially hear about the 200 billion shillings for lending out money meant to rescue Ugandan small enterprises that were affected by the Covid-19 pandemic which was commissioned early last week. A check at two government-owned financial …
Read More »KASAIJA: Inexperienced board has let down Uganda Airlines
Entebbe, Uganda | THE INDEPENDENT | Uganda Airlines is facing corporate governance problems because the inaugural board of directors and managers lack experience, the Finance, Planning, and Economic Development Minister, Matia Kasaija has revealed. The government revived the national carrier in 2019 lower transport costs, boost tourism and business opportunities …
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