Financial Crisis Hits UBC Television. Who’s Next?

In the fall of tycoons asking the government for bail out, Bank of Uganda taking control of Crane Bank, Makerere University facing closure over continuous strikes due to delayed lecturers salaries, those critical enough should have figured that this means the economy is in shambles.

The truth is as obvious as it can be. And now government owned Television UBC falls in line as the Managing Director yesterday issued a formal letter apologizing for delayed salaries for the last 2 months.