The Kacita Uganda Provident Fund is one of just two informal retirement benefits schemes registered by the Uganda Retirement Benefits Regulatory Authority URBRA, the other being Mazima Voluntary Individual Retirement Benefits Scheme. Kacita chairperson Everest Kayondo says they are targeting 10,000 contributors in the first year of operation with the long-term target being one million contributors.
Almost all shops in downtown Kampala remain closed as traders start their three-day strike. The traders want Government and Uganda National Bureau of Standards (UNBS) to remove the Pre- export Verification Conformity (PVoC). The PVoC programme is meant to guard against counterfeit goods on the local market.
Kampala City Traders Association, KACITA have pinned the city authority councilors for frustrating the city trade order by extorting money from street vendors.
