Home » News » Business » Economy » Traders Worried Their Businesses Might Close Due To Power Tariffs Increment
traders

Traders Worried Their Businesses Might Close Due To Power Tariffs Increment

Traders in Uganda are afraid they might be forced to close their businesses following the newly introduced power tariffs of fifty shillings.

Check also: Members Of Indian Business Community Threaten To Boycott Modi’s Visit To Uganda

Commercial users have been previously paying 647 shillings per unit, now they will be buying each unit at 687 shillings, the domestic users will start paying 771 from the previous cost which has been shs 718 per unit, the large industries have been paying 374.5 and now they’ll begin paying 382shs and the small industries will start paying 615 from 595 shillings per unit.

Byaruhanga Tom, one of the traders in beverages and drinks, who’s much concerned about the newly introduced power tariffs said he might not be able to efficiently store his products in his refrigerator which he thinks it could not run at all time to be able to keep his goods in fresh condition.

Tom who’s anxious about his only source of income which supports him and his family through paying school for his children and many other domestic materials, according to Nile Post.

The chairman of Kampala City Traders Association ( KACITA ), Mr Kayondo Everest said the pain in this new power tariffs might lead to a downfall of the regional business, it will be hard for Ugandan products to compete on regional market and it will be costly to do business with this new power tariffs increment.

So many people are wondering why power is so expensive and yet Uganda is a major power producer. However, the executive director of Uganda Manufacturers Association, Mr Birungi Daniel said the power tariff increment will expand the production process.

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.
Loading...
x

Check Also

Opening Of The Country Has Rejuvenated Business

Opening Of The Country Has Rejuvenated Businesses

Since the country officially opened on 24th January, business people have been giving positive remarks ...