Fire has gutted Bundibugyo Central Market destroying merchandise worth millions of shillings.
The incident occurred last night at about 10pm.
Edward Mumbere, one of the affected vendors suspects that the fire could have started from a loose power connection.
Mumbere, who could hardly speak, told rescuer that his entire stock was consumed in the flames.
Ronald Nyakoojo, who operates a shop next to Mumbere, thanks God that his shop wasn't affected.
Nyakoojo says that he nearly collapsed when he received a call from one of his friends informing that the market was on fire.
Selegio Alijwiga, a Police officer attacked to Bundibugyo Central Police Station says that they arrived at the market in time and joined hands with residents to stop the fire from spreading further.
The traders have blamed government for failing to provide districts in Western Uganda with fire brigade traps.
Police used live bullets to disperse some of the residents who had started breaking into stalls to loot merchandise.
Ely Maate, the western region police spokesperson says that they are investigating what could have caused the fire.
Maate, however suspects that the fire could have started from a candle that was left unattended.