KACITA to petition government over soaring rates

The Kampala City Traders Association resolved on Tuesday to petition government over the shilling’s continued volatility and the increase of interest rates on old loans. The weakening shilling, according to KACITA, has put pressure on the business community, especially when importing and paying rental expenses which has forced some of …

Read More »

KACITA to open own bank

KAMPALA traders under their umbrella organization, the Kampala City Traders Association (KACITA) are looking forward to starting their own bank after commercial banks hiked interest rates last year to a level that pushed some of them out of business. Everest Kayondo, the chairman of the association told traders at their …

Read More »

KACITA warns traders on counterfeit goods

  THE Kampala City Traders Association (KACITA) spokesperson Issa Sekitto has warned companies which adulterate products of other producers as a way of tarnishing brands on the market, urging owners put a reward to anyone who can reveal the masqueraders.Brand names of several companies have been spoilt by others whose …

Read More »