Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has justified the budget cuts on the Parliamentary Commission, saying that it was necessary to help the country meet urgent Covid-19 medical needs. According to Kasaija, the decision was taken by Cabinet to cut money appropriated for travel and workshops …
Read More »COSASE queries loan terms for the upgrade of Entebbe Airport
Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, has raised concern over terms of the loan acquired to upgrade and expand Entebbe International Airport. Committee members led by chairperson Joel Ssenyonyi, on Thursday tasked the Minister for Finance, Planning and Economic Development Matia Kasaija, to …
Read More »Minister Kasaija to fast track NSSF mid-term access bill
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is anxiously awaiting the enactment of the NSSF Amendment Bill which was recently returned to Parliament by President Yoweri Museveni. The president advised parliament to among others, amend the clause on the mid-term access to 20 per cent of the …
Read More »Ignore rumor of seizing money in dormant accounts – Kasaija
Kampala, Uganda | THE INDEPENDENT | Holders of bank or mobile money accounts whose cash balances may be transferred to the Bank of Uganda or to the Consolidated Account, are free to recover it according to the laws. The National Payments Act, 2020 provides for the transfer of “idle money” or …
Read More »Government to construct multi-billion sugar factory in Busoga
Luuka, Uganda | THE INDEPENDENT | The government of Uganda has finalized plans to construct a 135 billion Shillings sugar processing factory in Luuka district. Uganda Development Cooperation-UDC will supervise the implementation of the construction works through direct financing from the Ministry of Finance. The plant whose construction works are expected …
Read More »Finance ministry to restrain supplementary budgets next financial year
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has warned ministries and government departments against relying on supplementary budgeting in the next financial year, saying it will not be easy for them. Minister Matia Kasaija told the National Budget Conference, that supplementary requests are making …
Read More »Africell to exit Ugandan market after 7 years
Kampala, Uganda | THE INDEPENDENT | Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to …
Read More »Government accuses KACITA leadership of dishonesty
Kampala, Uganda | THE INDEPENDENT | As the government moves to meet traders over an impending strike by importers of textile and textile products over taxes, the Ministry of Finance, Planning and Economic Development, and the Uganda Revenue Authority are accusing the traders leadership of dishonesty. Kampala City Traders Association, KACITA …
Read More »Ggoobi assumes PS Office in Finance Ministry
Kampala, Uganda | Ronald Musoke | Ramathan Ggoobi, the new Permanent Secretary in the Ministry of Finance, Planning and Economic Development who also doubles as the Secretary to the Treasury has officially assumed office almost a month after his appointment. Patrick Ocailap, the Deputy Secretary to the Treasury who has been …
Read More »Gov’t eases tax on imported garments
Kampala, Uganda | THE INDEPENDENT | Dealers in imported garments have got some reprieve, after the Minister for Finance, Planning and Economic Development Matia Kasaija announced a waiver of some tax on the goods. In the budget for the financial year 2021/2022 read last month, the minister introduced an import duty …
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