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Jan 4 results
19:22
19:22

Parliament Directs for Special Audit of PTA Loan pta bank 1 2

Parliament has directed the Auditor General to conduct a special audit to ascertain the performance and use of the US Dollars 200 Million loan acquired from PTA Bank by Finance Ministry. Finance Minister Matia Kasaija is under fire together with the Secretary to the Treasury Keith Muhakanizi for misleading Parliament and obtaining the loan from the East and Southern African Trade and Development Bank PTA by false pretence.
11:17
11:17

PTA Loan: Minister Kasaija Proposes Audit pta bank 1 5

Kasaija said when Parliament rejected the loan on the recommendation of BOU, they returned with a loan brief indicating that the money was for budget support.
19:11
19:11

NRM Sets Up Committee to Probe PTA Loan Scandal nrm caucus 1 1

It is reported that after the loan application was rejected by Parliament on January 7, 2016, the Ministry of Finance amended the objective of the loan to indicate that money was urgently needed to procure medical supplies for the country. It was subsequently approved three months later.
23:08
23:08

PAC Recommends Minister Kasaija Censure, Dismissal of Muhakanizi 1 1 Top story

Parliament Public Accounts Committee PAC has recommended that Finance Minister Matia Kasaija be censured for misleading Parliament and obtaining the 200-million-dollar Preferential Trade Area-PTA loan by false pretence. The committee further recommends that the Secretary to Treasury Keith Muhakanizi should be relieved of his office for superimposing his authority during the processing of the loan.
Jan 4 results