Many left Jobless as WBS Closes Shop

Many left Jobless as WBS Closes Shop

By Serestino Tusingwire

Many people who have been employees of the Wavah Broadcasting Services (WBS) are apparently jobless after the station officially announced closure.

The troubled WBS failed to clear its outstanding debts amounting to over Shs7bn and earlier this year, it was put under receivership by Uganda Revenue Authority in order to recover the debts.

Seemingly, the receivership also did not work out well, prompting the top management to close and sell the station.

According to the presser realized on Tuesday by Kabiito Karamagi, the Receivership Manager, WBS will cease to operate effective December 14, this year.

“I therefore wish to confirm the numerous media rumours that you must have read about that the assets of the company have been sold to a respectable regional outfit that promises to give you a much better product and partnership that WBS could possibly have ever given you,” letter reads in part.

He however did not mention the name of the investor whom they are selling Uganda’s oldest private television station.