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Saturday, January 14 2012

Kampala traders under their umbrella organisation KACITA have called off the strike that had left most of the shops in the Kampala busy district locked from Wednesday to Saturday afternoon. The strike was was to last for three days but spilled over to the fourth day after they were not convinced with the outcome of the previous meetings.

They now demanded to meet the President on Saturday and also vowed to keep the shops closed until the said meeting was done. In the meeting, the President gave the Governor Bank of Uganda five days to come up with proposals on the issue of interest rates that led to the strike.

The issue of paying rent in dollars plus rescheduling of loans to flexible periods will be looked into. Traders who went for the meeting were thoroughly checked and journalists locked out of the meeting area at Serena Hotel that was tightly guarded as the meeting took place.

Shops will now open on Sunday and some were seen open on Saturday afternoon.

Posted by: uowd AT 12:14 pm   |  Permalink   |  Email

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