Africa-Press – Uganda. Posta Uganda’s financial struggles have come under scrutiny after revelations that the company owes Shs5.5 billion in rent to Uganda Telecom Company and Shs2.6 billion to the Uganda Revenue Authority (URA) in Value Added Tax and rental tax arrears.
Thembo Nyombi, Executive Director of the Uganda Communications Commission (UCC), has urged Parliament to intervene and bail out Posta Uganda, emphasizing that the company’s survival hinges on its ability to tap into the logistics sector.
“We have had internal conversations in UCC that maybe, if Posta Uganda continues in this state, we may come up with a strategic recommendation to consider that route,” Nyombi explained.
“Unfortunately, with that route, you are empowering another person.
Some of the entities that will compete for that role will be international operators like DHL, and that comes with obligations, you must have universal presence, and the private sector can’t absorb all that, which is why, as UCC, we are trying to handhold Posta Uganda to meet its obligations both locally and internationally.”
The UCC’s concerns highlight the need for urgent reform within Posta Uganda to prevent its collapse.
As Posta Uganda struggles to stay afloat, the UCC’s efforts to support the company may be the lifeline it needs to survive.
For More News And Analysis About Uganda Follow Africa-Press
