• Latest
UPC Advises Gov’t to Engage Multinational Companies Withdrawing Business

UPC Advises Gov’t to Engage Multinational Companies Withdrawing Business

4 years ago
UAE Investors Eye Uganda’s Agro-Industry in High-Level Investment Mission

UAE Investors Eye Uganda’s Agro-Industry in High-Level Investment Mission

3 hours ago
Police Probe Viral Panga Video, Arrest Congolese National Behind Skit

Police Probe Viral Panga Video, Arrest Congolese National Behind Skit

12 hours ago
Adrine Kobusingye Nominated for NRM Women’s League Chair, Vows to Bridge Leadership Gap

Adrine Kobusingye Nominated for NRM Women’s League Chair, Vows to Bridge Leadership Gap

16 hours ago
Five Dead in UPDF Helicopter Crash in Mogadishu – Maj Gen Kulayigye Confirms

Five Dead in UPDF Helicopter Crash in Mogadishu – Maj Gen Kulayigye Confirms

18 hours ago
CDF Gen Muhoozi Orders Arrest of Brig Gen Bekunda Over Corruption

CDF Gen Muhoozi Orders Arrest of Brig Gen Bekunda Over Corruption

20 hours ago
Brig Gen Paul Muwonge Takes Command of UPDF Mountain Division & Operation Shujaa

Brig Gen Paul Muwonge Takes Command of UPDF Mountain Division & Operation Shujaa

20 hours ago
SoftPower News
Thursday, July 3, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

UPC Advises Gov’t to Engage Multinational Companies Withdrawing Business

by Nixon Segawa
September 8, 2021
UPC Advises Gov’t to Engage Multinational Companies Withdrawing Business

Africell building

1
VIEWS

The Uganda Peoples’ Congress (UPC) a political party in opposition has expressed concern over the increased closure of business by a number of Multinational companies in the country.

Recently, a number of multinational companies have announced closure of business in Uganda which include; Africell, Smart Telecom, Shoprite supermarkets, Game Stores, Alliance One International among others.

Related Stories

UDB Grows to Shs1.78Trn in Assets, Posts Shs57.8bn Profit & Creates 55,553 Jobs

Gov’t Allocates Shs9.9Trillion to Security Ahead of 2026 Elections

Museveni: Digital Number Plates Are for Fighting Crime, Not Fines

These have cited reasons ranging to the economic hardships that have befall the country as well as stiff competition from fellow competitors.

Addressing the media at the party headquarters in Kampala, the UPC Spokesperson, Sharon Arach Oyat said that multinational companies exiting the country and closing their operations is a big threat to the national economy.

“When these multinational companies come to the country to setup businesses, they come to only make profits, but as a country we look at a number of factors ranging from providing employment to our people, technological transfer, development, among others and to achieve this governments offer incentives to these companies that will sustain them including but not limited to tax holidays and grants,” Oyat said.

The party mouthpiece said that these companies have been employing thousands of Ugandans as well as paying taxes to the state adding that with more than one company logging their resignation in the business sphere, many Ugandans are going to lose jobs which threatens their livelihoods.

“We therefore urge government to interact with these companies and come up with more suitable ways of carrying on with business without Ugandans losing jobs and widening the already eclectic unemployment gap,” Oyat advised.

Oyat as well urged government to protect the workers and ensure that they receive their benefits as slated in their employment contracts before the companies withdraw business.

“In most cases, when companies are exiting a country, they tend to exploit workers and cheat them of their pay and benefits. Therefore, UPC calls upon the ministry of gender, labour and social development to investigate and ensure that all workers are treated fairly amidst the exit of these companies,” Oyat noted.

The Minister of Finance, Matia Kasaija has since come out urging the distressed companies to approach government for help instead of existing the country.

Kasaija noted that these companies should understand that Uganda is not the only economy that is currently undergoing through hardships but should engage the duty bearers on possible solutions so that they can stay and push on with business.

Tags: AfricellCompanies withdrawing businesMatia KasaijaUganda Peoples Congress

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

UAE Investors Eye Uganda’s Agro-Industry in High-Level Investment Mission

Police Probe Viral Panga Video, Arrest Congolese National Behind Skit

Adrine Kobusingye Nominated for NRM Women’s League Chair, Vows to Bridge Leadership Gap

Five Dead in UPDF Helicopter Crash in Mogadishu – Maj Gen Kulayigye Confirms

CDF Gen Muhoozi Orders Arrest of Brig Gen Bekunda Over Corruption

Brig Gen Paul Muwonge Takes Command of UPDF Mountain Division & Operation Shujaa

Stanbic Bank Ad
SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News