Ugandan traders reacted with glee when parliament inserted a clause in the Income Tax Amendment Bill prohibiting charging of rent in dollars. The clause stipulates that all agreements on rent shall be executed and effected in no other currency other than Ugandan shillings. This was the result of persistent complaints …
Read More »ANALYSIS: Protests over Chinese retailers
Consumers want the cheap prices but local traders want the profits Hostility towards Chinese petty traders appears to be growing in Uganda but so is the dependence on Chinese imports. On April 19, the hostility erupted once again as hundreds of traders in the capital city, Kampala, staged a closed-shop …
Read More »Sorry; no Christmas in Kampala
New regulations hamper businesses in nation’s capital In the past, downtown Kampala has always been the busiest place in the nation. Usually crowded streets like Nabugabo Road, Kikuubo, Ben Kiwanuka Street and Luwum Street become impassable as pedestrians jostle to find a way through the Christmas-themed goods on display. This …
Read More »KACITA: Ugandan MPs should not be exempted from tax
Traders under their umbrella body Kampala City Traders Association (KACITA) have appealed to President Yoweri Museveni not to sign the Income Tax Bill that seeks to exempt Members of Parliament’s allowances from tax. Speaking at a press conference organized at the KACITA headquarters on Wednesday, Chairperson Everest Kayondo re-echoed the opinions of …
Read More »VIDEO: KACITA to place industrial action against street vendors
VIDEO: Kampala city traders association KACITA has vowed to take industrial action against street vendors and hawkers. The action due Monday Oct 17 is intended to disperse the operations of vendors. KACITA accuses the vendors of ruining their business with backing from KCCA. The city authority though points to defiant vendors that keep coming …
Read More »KACITA has no capacity to vet women travelling to China, says minister
By Julius Businge The state minister for Economic Monitoring Henry Banyenzaki has said that the Kampala City Traders Association (KACITA) has no capacity to vet women below the age of 35 to go to China for business. Banyenzaki told The Independent in a telephone interview on Jan. 16 that it …
Read More »KACITA calls for more interest rates easing
By Julius Businge The Kampala City Traders Association is calling for further reductions in interest rates by commercial banks to enable them access cheap credit to run business. In an interview with The Independent Everest Kayondo, the association’s chairman said commercial banks were quick at raising interest rates when the …
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