A section of legislators want government to compel commercial building owners in business districts in Kampala to levy rent fees in Uganda Shillings.
This comes in the wake of persistent complaints from traders under the Kampala City Traders Association (KACITA) on the exorbitant rent dues charged in dollars. The legislators believe Parliament can rein in on the gross exploitation that has seen many businesses close due to failure to generate profits.
Rakai Woman MP, Juliet Kyinyamatama notes that the charges are inconsiderate and place businesses, especially those run by young entrepreneurs, in jeopardy.
Kyinyamatama says they will table a motion seeking to push for a law to allow for tenancy agreements to be made in shillings.
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Mwine Mpaka, Western Youth MP warns that unless the inflow of dollars into the country is regulated, Uganda may turn into a dollarized economy, which will in the long run weaken the shilling.
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Members of KACITA, particularly those operating in the shopping malls, have on several occasions petitioned Parliament and the President requesting for intervention over charges in dollars.
Doreen Ruth Amule, Amolatar Woman MP says a wider discussion on this money will be made in Parliament and the business community.
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Julius Mukunda, coordinator of the Civil Society Budget Advocacy Group (CBAG), a nonprofit lobby group recently tasked government to regulate dollar transactions in the market to protect the shilling.