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 Baroda, Centenary Bank, Opportunity Uganda,, Finance Trust, Equity Bank, Global Bank, Eco Bank and Tropical Bank among others.

The traders’ spokesman, Issa Sekitto has told our reporters inKampalatoday that all their efforts to force the commercial banks to reduce the exorbitant interest charges on loans have failed.

Sekitto has conformed that Makerere University Academic Staff are participating in their strike because some of them are also traders operating at different levels.

The spokesperson ofMakerereUniversityacademic Staff Association, Louis Kakinda has also conformed that the university dons are participating in the ongoing traders strike.

 By James Okello

The post Makerere University joins traders strike first appeared on Uganda Multimedia News & Information.