Importers of packaging materials have joined the rest of the business community calling for governmentâ€™s intervention in the declining shilling.
They argued yesterday that unless the shilling stabilises, they will be out of business. â€œThe current economic situation is impacting on our business negatively.
â€œBefore we were buying a tonne of the raw materials used in the manufacture of mineral water bottles at $1,300, but the same materials now cost $2,100,â€ Suma Kirowi, the Rwenzori Bottling Company director, said.
He was handing over mineral water to support sports activities to St. Maryâ€™s College Kisubi on Saturday. The donation was part of the firmâ€™s sh40m sports campaign across the country.
â€œWe are buying raw materials for making bottles in dollars, but cannot sell the water at the current exchange. This increases our losses,â€ added Kirowi.
Packaging material importers call for support