KACITA warns that high interest rates will dampen growth.

By Mubiru Ali September 2, 2015 1 min read

Kampala City Traders Association

(KACITA) has warned that the rising

interest rates coupled with the fast

depreciating shilling are dampening

this years growth prospects.

On Tuesday KACITA met with the

Private Sector Foundation of Uganda

and other stakeholders to devise

ways of mitigating the impact of what

they termed as the key twin challenge to the economy today.