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NAM Spark Concerns over Closure of Small Businesses and Financial Burdens on Citizens

Charles Katabalwa by Charles Katabalwa
January 16, 2024
in RELIGION
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NAM Spark Concerns over Closure of Small Businesses and Financial Burdens on Citizens
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By Tracy Akoragye, 

KAMPALA

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The hosting of the NAM Summit and G77+China Summit in Uganda from 15th to 23rd January 2024 at Speke Resort Munyonyo has not been without consequences for the local population.

The forced closure of small businesses along the Entebbe road, including mobile money and food kiosks, has raised concerns about the impact of these international events on local enterprises and citizens’ livelihoods. With many individuals left with no alternative means of income, the situation has created added financial burdens for already struggling Ugandans.

Another issue arising from these summits is the pressure placed on citizens to invest in house painting and renovation. Those unable to afford these changes are facing the closure of their homes. At a time when many Ugandans are already grappling with daily expenses and providing education for their children, such additional costs are exacerbating the financial strain.

The transportation sector has also been affected by the hosting of these events. Transportation costs have increased, and confusion on the roads has arisen due to impromptu warnings and guidelines issued by the internal Organizing Committee of the summits. This has further compounded the challenges faced by citizens in their daily lives.

The Democratic Party has expressed concern over the primary beneficiaries of the summits, pointing out that individuals of substantial wealth seem to be the main recipients.

For example, Sudhir Ruparelia received 85 billion shillings for the construction of a convention center, with funds borrowed for hosting the conferences and purchasing unnecessary items such as new vehicles. This places an unfair financial burden on taxpayers, particularly considering Uganda’s current external debt of over 55 trillion shillings.

The FDC, on the other hand, proposes an alternative approach. Instead of shutting down local businesses, the government should have encouraged Ugandans to stock more items that could be sold to summit visitors. By supporting local entrepreneurs, Uganda could benefit from a more inclusive and mutually beneficial engagement with the international community.

The FDC’s John Kikonyogo calls for a shift in focus towards inclusive benefits for the local population and emphasizes collaboration with local businesses. Instead of imposing additional burdens on the already struggling citizens of Uganda, the government should strive to alleviate their hardships and foster a more equitable environment.

Tags: Financial BailoutFinancial BurdenG77+ ChinaNAMNAM/G77+China SummitSmall BusinessesTracy Akoragye

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