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Investors | Hundreds Protest in Uganda Capital Against Chinese Traders

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Posted April 19, 2017 by Ugandan Diaspora News Team in Investors ~ 1,140 views

     

Chinese national Wei Kun adjusts a display as he waits for customers at his shoe shop in Kampala, Uganda. Years of growing animosity at Chinese traders turned into a protest by hundreds in Uganda’s capital on Wednesday April 19, 2017 against what local businesses called unfair competition, while the mayor warned against the tensions turning into xenophobic attacks. (AP Photo/Stephen Wandera-File) (The Associated Press)

Hundreds of traders in Uganda’s capital are protesting what they call unfair competition from Chinese investors operating retail businesses.

The protest Wednesday is backed by Kampala’s mayor and other local officials.

Many shops in downtown Kampala have been shuttered by their owners. Some of them have taken to the streets carrying placards urging Chinese traders to leave the country.

Kampala Mayor Erias Lukwago says the government must protect local traders to prevent the protests from escalating into xenophobic attacks against foreign traders.

Many Ugandans accuse Chinese traders of moving to the East African country as serious investors but then setting up businesses in petty trade.

Lukwago says many of the Chinese retailers sell their products at competitive prices after benefiting from tax holidays.

Source — Fox News


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Ugandan Diaspora News Team

Ugandan Diaspora News Online is an independent, non political news portal primarily aimed at serving Ugandans who work and reside outside Uganda. Our aim is to be a one stop shop for everything Ugandan and the celebration of our Ugandan heritage.

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