Business
KACITA creates global partnership
Publish Date: May 05, 2014
KACITA creates global partnership
KACITA chairman Everest Kayondo.
  • mail
  • img
newvision

By Edward Kayiwa

THE Kampala City Traders Association (KACITA) is set to extend its footprint to 51 countries across the globe, following a new partnership with the Fast Forwarders; a transportation company operating in 52 countries across the globe. 

While launching the partnership in Kampala recently, KACITA’s chairman Everest Kayondo said the partnership comes at a time when many Ugandans trading from Asia, Europe and North America are facing insurmountable challenges and need KACITA’s presence to expand beyond Uganda’s borders. 

“Our traders have got many problems and if we just sit here and don’t help, we shall be defeating KACITA’s objectives. Ugandans trading from America, Asia and Europe have for long asked us to open our doors there, but now this partnership will go a long way in addressing that,” he said. 

Under the agreement, the fast forwarder’s offices, in all the 51 countries from which it operates, will be accessed by KACITA traders for any help or business relating to KACITA, including soft loans offered at a 2% interest rate.

Isa Ssekitto, KACITA’s spokesperson, said the agreement is expected among other things to address issues such as tax clearance and other dues under groupage cargo by providing a special package under which traders will clear taxes separately and also bear full responsibility over their goods. 

“We have been receiving a lot of complaints from our members, especially in China and Dubai, about conmen who mascaraed as traders and hire containers, trick small cargo traders to collectively pay taxes and fleece them. These conmen, who usually charge a lot more than is required from our people, at times even claim the goods as their own and cause huge loses to KACITA members,” he said. 

“We want to stop such acts through partnerships with legitimate forwarders and call upon other clearing agencies in the country to offer the kind of help we need in order to secure the interests of our traders,” he added. 

Also, Kayondo said plans to open a trader’s bank, the first of its kind in Uganda, are in advanced stages and soon, the bank will be opening its doors to the public.

“We are in advanced stages of opening a bank to facilitate our traders. We are going to meet to decide on issues such as the name, the capital requirement by Bank of Uganda and location of the bank,” he said. “I am also sure that very soon, our door shall be open to both the public and our colleagues, the traders.”

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Uganda robbed of sh1.5 trillion annually
UGANDA loses an average of $509m (about sh1.5 trillion) annually due to Illicit Financial Flows (IFFs). The figure is 10% of the current national budget...
KCCA wants sh7b for Usafi market
A Sh7b supplementary approval request by Kampala Capital City Authority (KCCA) for the purchase of Usafi market in Kampala has raised eyebrows among members of the parliamentary budget committee....
Workers MP demands workers representation on district councils
A proposal to have workers represented on district councils has been mooted by Workers’ representative in Parliament, Arinaitwe Rwakajara in a bid to ensure that their rights are protected and to curb exploitation....
EALA passes Non Tariff Barriers Bill
It is now official. Non-Tariff Barriers (NTBs) shall soon be a thing of the past following the enactment of the EAC Elimination of Non-Tariff Barriers Bill, 2015 by EALA...
Museveni in Tanzania for central corridor rail meet
President Yoweri Museveni is in Dar-es- Salaam, Tanzania to join other East African leaders in the historic summit that will witness the launching of the construction of the Central Corridor Railway-line that will link up land locked countries of the region to the Port of Dar-es-Salaam to ease the...
Over 20,000 households get solar energy
The Speaker of Parliament, Rebecca Kadaga, has hailed M-KOPA Solar a new player in solar energy for connecting 20,000 households in the country....
Will the ban of food vendors help eliminate typhoid?
Yes
No
Can't Say
follow us
subscribe to our news letter