President Museveni, traders to resume talks today
Jan 14, 2012
President Yoweri Museveni is expected to meet Kampala city traders today over their strike that was sparked off by high bank interest rates.
By Vision Reporter
President Yoweri Museveni is expected to meet Kampala city traders today over their strike that was sparked off by high bank interest rates.
The president’s decision was in response to a request by Kampala City Traders’ Association (KACITA) leaders who feared the wrath of their members if they went back ‘empty-handed.’ Businessmen, Godfrey Kirumira and Kayondo as well as Issa Sekitto told Museveni that if they went back as losers against the banks, they would face the fury of the business people.
On Thursday, the group requested the President to address the traders directly and explain to them why their demand of reducing the bank interest rates could not be looked at.
Museveni resolved to meet the traders during a six-hour meeting at State House Nakasero on Thursday attended by members of KACITA executive, trade and industry minister, Amelia Kyambadde and State minister for finance (General Duties), Fred Omach and also leaders of the Association of Uganda Bankers.