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Home / Tag Archives: Thaddeus Musoke

Tag Archives: Thaddeus Musoke

KACITA calls for reduction of central bank rate

Kampala, Uganda | THE INDEPENDENT | Kampala City Trader’s Association-KACITA has called for the reduction of the Central Bank Rate-CBR, saying it has made borrowing from commercial banks very expensive. CBR is the rate that is used by the Central bank to implement or signal its monetary policy stance. It is …

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Nytil accused of competing against its own customers

Kampala, Uganda | THE INDEPENDENT | A war of words has erupted between traders dealing in textile fabrics and Nytil, a renowned manufacturer of the same. Nytil opened up company outlets on one of the buildings in Arua park area in Kampala, and Busia border town which traders say is to kick …

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KACITA to punish vendor for selling nsenene aboard Uganda Airlines

Kampala, Uganda | THE INDEPENDENT | The passenger who sold grasshoppers, locally known as nsenene, aboard Uganda Airlines flight 446, has apologized. Identified as Paul Mubiru, the trader has written a letter to the management of the airline apologizing for the act. The incident which has since gone viral on social …

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KACITA forms arcade security committees after Kampala bombing

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Traders’ Association (KACITA) has formed arcade security committees as a measure to improve vigilance and safety for traders and their customers in the aftermath of the bomb attacks in the city. The arrangement follows reports of laxity among members of the business community …

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Many city traders ignorant of presidential stimulus package

Kampala, Uganda | THE INDEPENDENT | Several city traders are ignorant about the stimulus package announced by the president to boost small enterprises after the 42-day lockdown induced by the second wave of COVID-19. While lifting the lockdown, President Yoweri Museveni directed Bank of Uganda and Ministry of Finance and Economic …

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