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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 …

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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 …

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KACITA advises on balance of trade

Kayondo said that since Uganda’s comparative advantage is in agriculture, government should place more emphasis on the development of the sector, to raise exports and balance the country’s tr A consortium of traders, under their umbrella body, the Kampala City Traders Association (KACITA) has called upon government to put more …

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KACITA creates global partnership

KACITA is set to extend its footprint to 51 countries across the globe, following a new partnership with the Fast Forwarders; a transportation company operating in 52 countries across the globe THE Kampala City Traders Association (KACITA) is set to extend its footprint to 51 countries across the globe, following …

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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 …

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KACITA Launches Pension Scheme

Uganda’s pension sector is set to become more competitive with the launch of Kampala City Traders Association (KACITA) – Uganda Provident Fund Scheme – TEGEKA which targets to mobilize savings and investment capital from over 65,000 registered members.

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Interview with Everest Kayondo, Chairman, KACITA

Q: Recently Kampala traders went on strike following a disagreement between importers and the government over the reintroduction of the Pre-Export Verification of Conformity (PVOC) system which was initially introduced in 2010 but later put on hold for review. What exactly were traders protesting for? A: First of all I …

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KACITA Launches Pension Scheme

Uganda’s pension sector is set to become more competitive with the launch of Kampala City Traders Association (KACITA) – Uganda Provident Fund Scheme – TEGEKA which targets to mobilize savings and investment capital from over 65,000 registered members. The Fund, which provides a new vehicle of saving for traders and …

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