Traders Worried Their Businesses Might Close Due To Power Tariffs Increment

Posted by: lukwago J in Economy July 14, 2018

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

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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.

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