Ugandan traders end strike after pledge

Kampala City Traders Association (KACITA) union that the regulator had five days to come up with a plan.
Business owners in the capital had kept their doors closed since last Wednesday, angered by the surging interest rates demanded by commercial banks in the wake of an aggressive cycle of monetary tightening by the central bank.
“The president agreed with traders that the central bank will look into their issues in five days and see what appropriate measures can be adopted to create relief,” Tamale Mirundi, Museveni’s spokesman, told Reuters.
The bloody confrontations between his security forces and Ugandans frustrated by the rising cost of living fed the perception among his critics and some donors that he is becoming increasingly autocratic. – Reuters.