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Saturday, 14 January 2012

Kampala traders under their umbrella organisation KACITA have called off the strike that had left most of the shops in the Kampala busy district locked from Wednesday to Saturday afternoon. The strike was was to last for three days but spilled over to the fourth day after they were not convinced with the outcome of the previous meetings.

They now demanded to meet the President on Saturday and also vowed to keep the shops closed until the said meeting was done. In the meeting, the President gave the Governor Bank of Uganda five days to come up with proposals on the issue of interest rates that led to the strike.

The issue of paying rent in dollars plus rescheduling of loans to flexible periods will be looked into. Traders who went for the meeting were thoroughly checked and journalists locked out of the meeting area at Serena Hotel that was tightly guarded as the meeting took place.

Shops will now open on Sunday and some were seen open on Saturday afternoon.

POSTED BY: uowd AT 12:14 pm   |  Permalink   |  2 Comments  |  E-mail this
Comments:
I dont see any good quality in Kirumira leadership of KACITA. He has a lousy look and dont think he can hypothetically urgue a point. KACITA better revist that issue and elect somebody who can engage and talk with world wide bussiness personels not only Ugandan traders who communicate in Luganda.
Posted by Mutabazi on 15/01/2012 - 12:43 PM
KACITA made the govt of Uganda ( The people of Uganda) loose over and about 40BN in that careless strike. How many people get loans from banks, was there no other way to do this? I had a rumour that a trader lost his life when he attempted to open his shop in kampala. this is not acceptable KACITA. Will you compensate the family and other loses. This is careless of you KACITA as you failed to manage your ``peaceful`` strike.
Posted by Teba on 15/01/2012 - 11:33 PM

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