day traders - Uganda Multimedia News & Information https://www.weinformers.com Politics, Health, Sceince, Business, Agriculture, Culture, Tourism, Women, Men, Oil, Sports Fri, 13 Jan 2012 10:40:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 Traders strike in Uganda ends https://www.weinformers.com/2012/01/13/traders-strike-in-uganda-ends/ https://www.weinformers.com/2012/01/13/traders-strike-in-uganda-ends/#comments Fri, 13 Jan 2012 10:40:53 +0000 http://www.weinformers.net/?p=18094  Ugandagovernment has lost over 6 billion shillings during the three day traders strike in Kampala Capital City Authority. On Wednesday this week thousands of Traders inUgandaespecially inKampalaclosed their shops protesting against the high interest rates commercial banks charge on loans.  The traders strike was peaceful although the police arrested some of the traders it suspected […]

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 Ugandagovernment has lost over 6 billion shillings during the three day traders strike in Kampala Capital City Authority. On Wednesday this week thousands of Traders inUgandaespecially inKampalaclosed their shops protesting against the high interest rates commercial banks charge on loans.

 The traders strike was peaceful although the police arrested some of the traders it suspected that they could turn violent.

 The traders spokesman, Issa Sekitto says that it’s the government which has lost in the strike as over 6 billion shillings have not bee collected during the strike.

 He explains that telecom companies like MTN Uganda, Uganda Telecom, WaridUgandaandOrangecollect millions of money every day from the calls traders make. Sekitto says that all these telecom companies pay taxes to the government so when the traders go on strike all the revenue the government collects on fuel stations, taxis, beverage companies, sugar factory among others also reduce.

The traders strike is ending today evening with a meeting of all traders to decide whether next week the start a violent strike.

Ugandais now among the countries inAfricaknown to have violent strikes in which many people are shot dead by the police and the army.

Millions of Ugandans who used to be so peaceful have slowly turned violent due to increasing levels of poverty, political discrimination, land grabbing executed by some of the people who have big connections in the army, police, courts of law and government.

By Moureen Nakyanzi

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Police deploys 5,000 policemen in Kampala https://www.weinformers.com/2012/01/11/police-deploys-5000-policemen-in-kampala/ https://www.weinformers.com/2012/01/11/police-deploys-5000-policemen-in-kampala/#respond Wed, 11 Jan 2012 17:46:06 +0000 http://www.weinformers.net/?p=18037 Police have deployed over 5,000 troops in Kampala district to keep law and order during the ongoing three day traders strike. The strike started today across the country. The deployment follows intelligence information that members of opposition were reportedly planning to cause bodily harm to NRM supporters during the strike. Sources in Uganda police force […]

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Police have deployed over 5,000 troops in Kampala district to keep law and order during the ongoing three day traders strike. The strike started today across the country.

The deployment follows intelligence information that members of opposition were reportedly planning to cause bodily harm to NRM supporters during the strike.

Sources in Uganda police force have informed us that the Inspector General of Police, Lt. Col. Kale Kayihura has deployed his forces in all towns and sub counties of Uganda.

The police CID’s have told our reporters that the measures are meant to counter terror threats reportedly by the members of opposition.
The sources in police have said that the police don’t want to leave any loophole in terms of security during the ongoing strike.

The traders are protesting against the high interests’ rates charged by the commercial banks in Uganda.
By Christine Kate

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