By Gerald Businge on February 1, 2012
association, bank, bank loans, city, city traders, Commercial Banks, corporate businesses, country, development, economic crisis, high interest rates, interest, interest rates, kampala, long term relationship, news, press, result, traders association, Uganda Development Bank, umbrella, umbrella association
Celebrity gigs, Gossip, Latest Uganda News, Stories Unusual
As a result of the recent hikes of interest rates in the market, many corporate businesses are encountering difficulties in paying back the loans they have acquired from the commercial banks. A couple of weeks back, the traders in Uganda through their umbrella association of ‘Kampala City Traders Association’ staged a sit-down strike protesting against […]
By Gerald Businge on January 17, 2012
association, banks, business, chairman, city traders, commercial, Commercial Banks, high interest rates, interest, issue, journalists, Kayondo, loans, moment, Nyanzi, pressure, problem, response, traders association
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The Chairman of Kampala City Traders’ Association Everest Kayondo says they are not satisfied with the out come of their recent strike. Kayondo says that despite having resumed business, the traders still need to put more pressure on the government to put a ceiling on the interest rates commercial banks charge on loans. The traders […]
By Gerald Businge on January 11, 2012
association, charge, city, city traders, commercial, Commercial Banks, government, high interest rates, interest, issa, KACITA, loans, Masaka, mubende district, Sekitto, shops, spokesman, strike, today, traders association, uganda, umbrella, umbrella association
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Hundreds of shops in Kampala, Mityana, Masaka and Mubende district have been closed as traders under their umbrella association of Kampala City Traders Association (KACITA) started their three-day sit down strike protesting against high interest rates charged on loans by commercial banks. The commercial banks operating in Uganda charge over 27% on loans. Our reporters […]
By Gerald Businge on January 11, 2012
association, city, city traders, commercial, Commercial Banks, government, high interest rates, issa, KACITA, loans, Masaka, Moureen, mubende district, Nakyanzi, Sekitto, shops, spokesman, strike, today, traders association, uganda, umbrella, umbrella association
Celebrity gigs, Gossip, Latest Uganda News, Stories Unusual
Hundreds of shops in Kampala, Mityana, Masaka and Mubende district have been closed as traders under their umbrella association of Kampala City Traders Association (KACITA) started their three-day sit down strike protesting against high interest rates charged on loans by commercial banks. The commercial banks operating in Uganda charge over 27% on loans. Our reporters […]
By Gerald Businge on January 11, 2012
association, barclays bank, Centenary, Citi, city traders, Commercial Banks, Eco, global bank, interest, Makerere University, peaceful strike, staff association, Stanbic, Standard Chartered Bank, strike, today, traders association, traders strike, Trust, University, university academic staff
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MakerereUniversitylecturers have today joined Kampala City Traders Association members in their three day peaceful strike which kicked off across the country. The traders are protesting against the high interest bank charges. The traders say that the banks which have been over charging them include Citi Bank, Stanbic Bank, Barclays bank, Standard Chartered Bank, Bank of […]
By Gerald Businge on December 13, 2011
association, brother moses, business, business tycoon, choice, city, city traders, Kampala city, marginal propensity, mogul, Moses Kalungi, pals, person, poor, problem, propensity, shillings, traders association, Ugandans, yesterday, yesterday evening
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Although sometimes back he was poor, Kampala’s business mogul Moses Kalungi surprised his poor pals when he said that being poor is a choice people make in life. Kalungi says that some people might choose to be poor and others willingly decide to be rich. Kalungi was speaking yesterday evening to members of Kampala City […]
