Uganda: Businesses remain open despite Gen-Z protests
Ugandan businesses remained opened for a better part of the day despite protests within the capital city in Kampala as youthful protesters staged peaceful demonstrations demanding the resignation of House Speaker over graft. CNBC Africa’s Aby Agina spoke to Ismail Musa Ladu, Economic Analyst, Trio Group on the impact this is taking on the economy.
Tue, 23 Jul 2024 14:46:21 GMT
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AI Generated Summary
- Businesses in Kampala have remained open despite ongoing protests demanding the resignation of the House Speaker over corruption allegations.
- Economic Analyst Ismail Musa Ladu attributes this unexpected resilience to the adaptability and determination of the business community.
- The ability of businesses to continue operating amidst civil unrest sheds light on the broader economic landscape of Uganda and its capacity to weather social and political challenges.
Despite ongoing peaceful protests in Kampala, where youthful demonstrators are calling for the resignation of the House Speaker over allegations of graft, Ugandan businesses have largely remained open throughout the day. This unexpected turn of events has left many puzzled, as typically protests of this nature lead to disruptions in daily activities and commerce. CNBC Africa's Aby Agina sat down with Ismail Musa Ladu, an Economic Analyst from Trio Group, to analyze the economic impact of these demonstrations. With tensions running high and the nation's financial stability hanging in the balance, Ladu provided insight on the resilience of the business community amidst the Gen-Z protests. While the protests may have captured the attention of the nation, it appears that the wheels of commerce have continued to turn, defying expectations.
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