Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has again skipped attendance of plenary sessions where he is meant to answer questions over delayed payment of South Sudan traders. Kasaija who appeared in Parliament at 11:00 am to meet with Kadaga and Isimba dam contractors was also …
Read More »Kabale headteachers, parents question schools reopening
Kabale, Uganda | THE INDEPENDENT | As schools await the order to reopen for candidate classes later this month, school heads and parents sampled in Kabale district say they just do not have the capacity to put in place the required Standard Operating Procedures to resume operating. More than 15 million …
Read More »Uganda officially joins extractive industries transparency initiative – EITI
Kampala, Uganda | THE INDEPENDENT | Uganda’s application to join the Extractive Industries Transparency Initiative (EITI) has been approved, a move that is expected to make open the deals Uganda has signed with different organizations in the oil and gas sector and other natural resources. Uganda becomes the 54th member …
Read More »NSSF, Finance Ministry sabotaging midterm access-Lyomoki
Kampala, Uganda | THE INDEPENDENT | The Workers MP Sam Lyomoki has said there are plans to sabotage the National Social Security (NSSF) amendment Bill 2019 that seeks to allow for midterm access to members savings. The bill among other things proposes for midterm access for savers of 45 years …
Read More »Kasaija prays for one more term to quit elective politics
Kampala, Uganda | THE INDEPENDENT | Matia Kasaija, the Member of Parliament of Buyanja County in Kibaale district has said that he does not intend to seek another term if re-elected into office in 2021. Kasaija who doubles as the Minister of Finance, Planning and Economic Development said that the …
Read More »Parliament issues gov’t ultimatum over Islamic banking
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the Minister of Finance Matia Kasaija to table before the House regulations to start the implementation of Islamic banking by 21st July. Kadaga’s directive followed a matter of national importance raised by Kawempe North MP Latif …
Read More »No money to pay South Sudan traders-Kasaija
Kampala, Uganda | THE INDEPENDENT | The Minister for Finance Matia Kasaija has told Parliament that the government does not have money to pay Ugandan traders who supplied goods to South Sudan. In 2019, Parliament approved 900 Billion shillings for traders that supplied goods and services to the South Sudan government …
Read More »Lands Ministry intervenes in Masindi land wrangle
Masindi, Uganda | THE INDEPENDENT | The Ministry of Lands has intervened in a wrangle between Uganda Investment Authority-UIA and over 2,000 residents over a contested piece of land in Masindi district. The land measuring approximately 60 square miles is situated in Kimengo sub-county Masindi district. More than 2,000 people …
Read More »Banks restructure loans worth UGX 2 trillion
Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, …
Read More »Finance Minister asked to explain variance in budget figures
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has summoned the Minister of Finance Matia Kasaija to explain the variance in figures presented during his budget speech which was presented last week. This follows an observation of inconsistencies in the figures that were approved by Parliament …
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