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February 21, 2024
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Traders threaten to demonstrate over fake Chinese investors

By Jumah Kakomo

Traders under their umbrella body Kampala City Traders Association (KACITA) have threatened to lay down their tools as a sign of expression dissatisfaction over the unconducive and unfavorable environment hindering them from executing their work smoothly.

In their meeting held at KACITA headquarters Kampala, the angry traders noted that the foreigners specifically Chinese have greatly dominated businesses in disguise of calling themselves investors leaving the locals behind.

The acting chairperson of KACITA Thadeus Musoke Naggenda said Chinese should remain in factories but they are now renting shops and vending their products which affects local traders.

He said they have contacted people concerned several times regarding the same issue but they have instead paid deaf ears to their pleas. he hence said  that this time around they want to meet president Museveni to solve the matter amicably.

Musoke further highlighted that failure to meet president Museveni, they are to take another action which will greatly affect the economy.

Some of the traders who we spoke to said that Chinese dominance in local businesses affects Ugandans thus a call for government intervention to help the local traders.

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