The coronavirus outbreak has made it troublesome for companies which had been already struggling, with entrepreneurs now rethinking their methods to reinvest in different ventures.
A number of the most affected are proprietors of personal colleges who, based on the Federation for Non-State Schooling Establishments (Fenei) nationwide secretary, Mr Patrick Kaboyo, have excellent loans and had given business banks their buildings as collateral.
“It’s clear each college has an excellent mortgage to handle. We did a survey and 95 per cent of our colleges have loans. We obtained this info from colleges to request a fund from authorities to assist us offset these loans. If this fund just isn’t there, we anticipate the business banks will take over our colleges. We’re going to petition all workplaces to ensure our points are addressed,” Mr Kaboyo mentioned.
Nevertheless, a lot of proprietors have already put up their colleges on the market as a result of they do not know when schooling establishments will probably be reopened following their indefinite closure in March, he mentioned.
There are others whose companies had been already struggling earlier than the outbreak of Covid-19, some reporting declining enrolment and the virus has escalated their plight.
For instance, the director of Najjera Progressive College, Dr Andrew Timothy Nsamba, has written to oldsters, asking them to relocate their kids to different colleges. He mentioned it has turn into unsustainable to run the college.
“After important evaluation of the way forward for the college enterprise, the administrators have resolved to shut it. The principle drive for the closure is the dwindling inhabitants yearly coupled with growing dangers of operating the college,” Dr Nsamba wrote on July 2.
Earlier, he had written to their employees to vacate the college homes by finish of October.
“We remorse to tell you that we’ll be ending your time period of employment with us as of July 30. All staff occupying school-owned homes might vacate not later than October 30,” Dr Nsamba mentioned in his June 22 letter to employees.
Whereas they promised to take their candidates to the tip, the remainder of the pupils had been requested to affix the neighbouring Tropical Main College, after the previous signed a memorandum of understanding to allow their learners proceed research.
The pupils, based on Tropical Main College director, Mr Henry Mukasa won’t be subjected to interviews as soon as colleges reopen.
Requested whether or not the closure was a results of Covid-19, Dr Nsamba mentioned: “We had this thought for a while. We’ve got been redundant on this Covid-19 interval and had the time to critically take into consideration this. We’re winding up.”
Ms Ketty Lamaro, the Ministry of Schooling undersecretary, mentioned the related authorities are dealing with the personal colleges’ considerations.
“We obtained the petition from government-aided and personal establishments about their considerations and have forwarded them to the related workplaces for motion,” Ms Lamaro mentioned yesterday.
President Museveni final month tasked ministries of Schooling and Gender to register companies which had been affected by the lockdown, together with salon operators, personal universities, secondary and first colleges, in order that they are often helped. Nevertheless, a month later, the stakeholders within the personal sector have been looking for to have a dialogue with the political management in useless.
President Museveni final month tasked ministries of Schooling and Gender to register companies which had been affected by the lockdown, together with salon operators, personal universities, secondary and first colleges, in order that they are often helped.