Traders Agree To Resume Business Following Meeting With Museveni

Posted by: lukwago J in Business April 20, 2024

In light of the recent protests against the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) system implemented by the Uganda Revenue Authority (URA), traders have made the decision to reopen their businesses.

This decision comes after a constructive meeting with President Museveni on Friday night, aimed at addressing the concerns raised by the business community.

In an official statement released by State House, it was revealed that President Museveni had directed the URA to temporarily suspend all penalties associated with the EFRIS system, allowing for further consultations to take place.

The meeting between the President and the traders proved to be a turning point in the ongoing dispute, as both parties engaged in a productive discussion to find a way forward.

The President’s directive to suspend penalties demonstrates his commitment to fostering an environment of open dialogue and understanding.

Acknowledging the importance of wider consultations, the traders have agreed to resume their operations, recognizing the opportunity for their concerns to be heard and addressed.

This decision reflects their willingness to work towards a mutually beneficial resolution that ensures a fair and efficient business environment.

Genuine desire to find a resolution

The meeting with President Museveni marks a positive step towards finding a balanced solution that considers the interests of both the traders and the URA. It highlights the significance of engaging in constructive dialogue to address grievances and make informed decisions that benefit the entire business community.

As the process of wider consultations takes place, it is crucial for all stakeholders to actively participate and contribute their perspectives.

This collaborative effort will facilitate the development of a more effective and fair system that aligns with the needs of both the traders and the URA.

The traders’ decision to reopen their businesses following the meeting with President Museveni reflects a commitment to dialogue and a genuine desire to find a resolution.

This development sets the stage for further discussions and consultations, paving the way for a more equitable and efficient business environment in Uganda.

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