One of the most affected businesses since the Covid-19 outbreak in the country has been the private owned schools. Like many businesses in the country, most of these schools are operated on loans and which loans have never been possed, irrespective of the on/off total lockdowns.
Recently, private schools owners appealed to the government's intervention and order banks to halt their loans. To their shock, the minister of Finance, Hon. Matia Kasaija responded in a rather a "brutal" way according to them.
"As a person who studied Economics, I would advise private schools owners to look for other property of theirs, sell them off and clear the bank loans instead of waiting for the government's intervention. The government is currently not able to help them in any financial way. Other than the banks coming for both their schools and property, selling off one to save the other would make more sense." Said Hon. Kasaija.
This message was for sure not well recieved by tje stakeholders in the school business. "The government promised us some billions during the first lockdown last year, which money we're still waiting for till now. The same government has failed to come up with a workable plan to ensure learners continue studying during the pandemic." Said one school owner.
Other disgruntled private schools owners also came up with painful submissions, saying what minister Kasaija said was so inhuman. What do you have to say about the minister's message to the school owners?
