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Traders asked to tap into duty-free zones as 90 companies suspended  for sub-standard work

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Home Business & Finance Business & Economics

Traders asked to tap into duty-free zones as 90 companies suspended for sub-standard work

by Gerald Businge
February 29, 2016
in Business & Economics, Business news, Finance, Latest Uganda News, Personal Growth
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Traders asked to tap into duty-free zones as 90 companies suspended  for sub-standard work

Duty Free Uptown am Flughafen Frankfurt/Main, Terminal 1 A Ebene 3, Fraport AG / Gebr. Heinemann Fotografie: Frank Seifert Foto- & AV-Design GmbH Lagerstr. 12 64297 Darmstadt www.frankseifert.com +49 (0)172 6541220

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Duty Free Uptown am Flughafen Frankfurt/Main, Terminal 1 A Ebene 3, Fraport AG / Gebr. Heinemann Fotografie: Frank Seifert Foto- & AV-Design GmbH Lagerstr. 12 64297 Darmstadt www.frankseifert.com +49 (0)172 6541220

The trade, industry and co-ops minister, Amelia Kyambadde reminded all Ugandan traders to always take up opportunities available to them to always exploit markets in the provided free trade zones namely in India and China which government has outsourced for them.

Ugandans can send a number of goods to the two countries duty free but it is of great concern that most of the traders have not taken up these chances and thus the loud call by the trade minister to the traders to fully aggressively take up these chances to make more money and expand their businesses. She also urges Ugandans to take up the initiative to resurrect the dis-functioning CO-OPS assuring citizens that that is where government will then come out to render a helping hand to them.

In other news the executive director, Public Procurement Disposal of Public Assets Authority (PPDA), Cornelia Sabiti says they have so far suspended over 90 companies that are contracted for different government projects and have failed to meet the required quality standards. She says, they are now putting more emphasis on ensuring that the contractors in different government entities deliver than it has been before when PPDA was just doing the monitoring work.

Sabiti also says that this will save government more monies that before have been spent on incompetent contractors who eventually cause loss of tax payer’s money.

Tags: CompaniesContractorsGovernment projectsindustry and co-ops ministryPPDAPublic Procurement Disposal of Public Assets AuthorityQuality standardstax payers moneyTrade
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Gerald Businge

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