Tag Archives: Matia Kasaija

Kampala, Uganda | THE INDEPENDENT | Government has pushed the Final Investment Decision (FID) for commercial oil production to September 2019. Speaking during the budget presentation on Thursday, Finance and Economics Development Minister, Matia Kasaija said, “Preparation for commercialization of oil and gas resources continued this year. The lead investor for …

Kampala, Uganda | THE INDEPENDENT | Ugandan traders expecting to use the Standard Gauge Railway to transport their merchandise from Mombasa to Kampala should forget it for now as the funder doesn’t want to commit money before he is sure that the Kenyan line will reach Malaba border. Uganda had hoped …

Kampala, Uganda | THE INDEPENDENT | The government and oil companies have failed to reach a consensus on key issues which could potentially create more delays for the Final Investment Decision (FID). The delay is a setback to the planned construction of the pipeline and the refinery. The contentious issues …

Kampala, Uganda | THE INDEPENDENT | The Finance, Planning and Economics Development Minister, Matia Kasaija has asked China Communications Construction Company, which is constructing Mubende-Kakumiro-Kibaale-Kagadi road to improve its working relationship with the local communities. Government contracted the Chinese firm to undertake the construction of the 104-kilometre road at Shillings …

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance and Economic Development Matia Kasaija has inaugurated the petroleum revenue investment committee. The committee will be tasked to decide where the money from the country’s oil sector would be invested. The seven-member committee will be headed by 55-year-old Prof Samuel …

Kampala, Uganda | THE INDEPENDENT | The Uganda Road Fund (URF) has accused the Ministry of Finance of hijacking its mandate by directly appropriating funds for road maintenance. The Uganda Road Fund Act, 2008 gives URF the mandate to finance road maintenance of public roads and related activities. It allocates …

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah has today questioned the competence of several government officials following the manner in which they handled the registration process of Uganda National Airlines Company. This was during the debate by Members of Parliament on a supplementary budget …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has recommended that the ownership of Uganda National Airlines Company Limited be transferred to Uganda Development Corporation-UDC. According to the Uganda Development Corporation Act 2016, UDC is the business arm of Government. The new recommendation is carried in a report to …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has directed Uganda Registration Services Bureau (URSB) to redraft documents relating to the company and its shareholders. The directive by the Committee Chaired by Ntenjeru North MP Amos Lugoloobi followed a meeting between legislators, Minister of Finance Matia Kasaija, Works and …

  Kampala, Uganda | THE INDEPENDENT | The Head of European Union Mission in Uganda, Attilio Pacifici has commended Uganda’s decision to join the Extractive Industries Transparency Initiative (EITI). Ambassador Pacifici says the move is a critical step in promoting transparency in the sector as Uganda paces towards oil production stage. …