Ugandan consumers association to protest against high cost of living

The Uganda consumers’ protection awareness association (UCPAA) has threatened to stage a national wide demonstration in protest against the increasing cost f living in the country.

Food stuffs in Nakasero Market Kampala Uganda

Addressing a news conference in Kampala, the group’s chairman Mulwanyi Taminwa said the demonstrations that will kick off on Thursday next week is meant to show their discontent over government alleged failure to address key issues affecting their economy.

Taminwa says the high cost of commodity and fuel prices, the depreciation of the shillings against the US dollar and increased power load shading which he says affecting production by local manufactures.

He says they intend to carry on with the social and civil disobedience demonstrations until government takes appropriate action.

However the police deputy spokes person Vincent Sekate says they are not aware of such plans advising them to seek police clearance for any of their planned activities.

The Bank of Uganda has in the past made several innervations before to help to strengthen the shillings against the major foreign currencies but the impact of such action have so far been minimal.

By Mugisa Isaac Mathias

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Posted by on July 30, 2011. Filed under Business & Finance,Business news,Latest Uganda News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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