Privately owned schools and teachers owe financial institutions more than Shs1.5trillion Kampala, Uganda | THE INDEPENDENT | Uganda’s decision to re-open schools after nearly two years to control the spread of coronavirus in the population has come as a blessing to traders in Kampala, according to Thadeus Musoke, the acting …
Read More »Uganda’s 2022 economic outlook
Rise in imports, commodity prices, COVID-19 variant could impact recovery Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy underperformed in 2020 as coronavirus pandemic lockdown took toll on economic activities. The economy is projected to grow by 3.5-3.8% in the FY2021/22 and 5.5-6.0% in FY2022/23, before increasing to 6.5-7.5% in …
Read More »SECURITY: Relocation of Kampala city vendors starts next week
Kampala, Uganda | THE INDEPENDENT | The relocation of street vendors to gazetted market places will start next week, Kabuye Ky’ofatogabye, the State Minister for Kampala and Metropolitan Affairs has said. Speaking at the celebrations to mark 20 years of Kampala City Traders Association (KACITA), Kabuye said that the government …
Read More »Remorseful nsenene vendor offered legal and financial support by KACITA
Kampala, Uganda | THE INDEPENDENT | The trader who was captured on video selling nsenene (grasshoppers) on board a Uganda Airlines plane broke down into tears while begging for forgiveness from the nation. And for their remorse, Paul Mubiru and the other passenger who shot the video are going to be …
Read More »KACITA to punish vendor for selling nsenene aboard Uganda Airlines
Kampala, Uganda | THE INDEPENDENT | The passenger who sold grasshoppers, locally known as nsenene, aboard Uganda Airlines flight 446, has apologized. Identified as Paul Mubiru, the trader has written a letter to the management of the airline apologizing for the act. The incident which has since gone viral on social …
Read More »KACITA forms arcade security committees after Kampala bombing
Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Traders’ Association (KACITA) has formed arcade security committees as a measure to improve vigilance and safety for traders and their customers in the aftermath of the bomb attacks in the city. The arrangement follows reports of laxity among members of the business community …
Read More »Stanbic Bank, KACITA move on Asian markets
Stanbic Bank Uganda Limited and Kampala City Traders | THE INDEPENDENT | Association on Oct.14, unveiled a partnership that will significantly ease traders’ ability to source for goods from Asian markets as well as pay the stipulated taxes on the imported items. Stanbic Bank Uganda Chief Executive Anne Juuko said …
Read More »KACITA announces week long demo over textile tax
Kampala, Uganda | THE INDEPENDENT | Kampala City Trader’s Association-KACITA has announced a peaceful demonstration by traders following their failed negotiations with the government on the new tax policy of textile fabrics and garments. KACITA spokesperson Issa Ssekito says that their shops will remain under lock starting Wednesday until government reverses …
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 »Kampala Traders protest new textile taxes, rent arrears
Kampala, Uganda | THE INDEPENDENT | Kampala City Traders Associations say this will protest against the new tax policy on imported textile fabrics and garments. The traders say they are considering several actions to show displeasure over the textile tax, and also the failure by landlords to waive rent arrears …
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