By Charles Katabalwa
24th March 2020
The Business community in Kampala city has called upon government to consider suspending loans until the country is secure from COVID-19.
Brain Ssebijjimba Vice chairman Entebbe Stage told our reporter that since the first case was announced in Uganda many businesses have been closed yet loans procured from different commercial banks and micro finances are still serviced yet no business is taking place.
Ssebijimba adds that if loans are suspended for some months people will be in position to re-capitalize their businesses amidst the effects of COVID-19.
He also urged government to exempt taxes on all domestic materials such as, soap, Sugar, water, fuel, Maize Flour (posho) among others whose prices have been increased by either 1000/= or 2000/= making it difficult to afford.
Currently, a Kilo gram of sugar costs 5000shs from 3400shs, Maize flour has reached 4000shs per Kilo gram from 2800shs among others.