Business

City Traders Suspend Strike after Meeting Museveni

President Yoweri Kaguta Museveni has  met and held discussions with the leadership of traders in Kampala and upcountry districts at State House Entebbe.

The meeting followed a strike by traders who closed their businesses, expressing their discontent against Uganda Revenue Authority (URA)’s implementation of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS).

The discussions mainly centred on the taxation levied on their businesses, especially the EFRIS system.

During the meeting, the President informed the traders that he will meet the technocrats from the Ministry of Finance, Planning and Economic Development and URA on the 24th, April 2024 for wider consultations.

The President also noted that he will then meet with all the traders on 7th May 2024 at Kololo Ceremonial Grounds.

President Museveni further directed that all penalties should be suspended by the URA for the meantime to give room for wider consultations.

The leaders of the traders agreed to reopen their businesses as they continue to consult further with the government.

The delegation of 61 leaders was led by John Kabanda, the leader of the Federation of Uganda’s Traders Associations (FUTA), and Dr Thadeus Musoke, the leader of Kampala City Traders Association (KACITA). The meeting was also attended by  Issa Ssekito, the Spokesperson of KACITA.

Pearl Times Reporter

Latest Uganda news, politics, business, health and entertainment coverage.

Recent Posts

Shincheonji Church Unveils Book of Revelation’s Secrets to Thousands

Over 16,000 people gathered in Jeonju, South Korea, for the culmination of Shincheonji Church of…

28 mins ago

I Know I Will Lose Everything When Museveni Leaves Power – Top Government Official

Since Uganda gained her independence from the British colonialists in 1962, up to 10 leaders…

6 hours ago

KASASI VENDORS: How University Professor Threw Teachers Selling Fake Examination Papers in Trouble

A tipoff by a university professor helped police and assessment body Uganda National Examinations Board…

15 hours ago

You’ll Regret When Mzee Leaves: Top Museveni Official Warns ‘Banyankore Noise Makers’ Wishing Museveni Exit

President Yoweri Kaguta Tibuhaburwa Museveni has been in power for nearly four decades. As expected,…

1 day ago

FINALLY NABBED: How Kidnapper of 2-Year-Old Baby Ayan Makanga Was Caught After Demanding Shs150m Ransom

Uganda Police Force (UPF) operatives have arrested Geofrey Kato, the man accused of kidnapping two-year-old…

1 day ago

Here’s All You Need to Know About GROW Project Funds as 1200 Women Receive Shs19bn So Far

Nearly 1,200 women have received about Shs19bn under the Generating Growth Opportunities and Productivity for…

2 days ago