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Owners sell off schools to repay loans

Daily Monitor Monday March 01 2021 Brain Bridge High School on Fort Portal-Kasese Road is one of the education institutions on sale. PHOTO/ FELIX BASIIME Advertisement              A number of private schools continue to face the resultant effects of Covid-19 as some proprietors sell off their schools following pressure from unserviced loans and utilities. Lucrative private schools, which thrived on fees, are now in a financial meltdown, and have had their teachers go without salaries since the Covid-19 induced lockdown was slapped on schools to control the spread of Covid-19 pandemic. Based on a survey executed by Daily Monitor into the effects of Covid-19, across the country, primary, nursery and secondary schools have all had a bitter pinch as they struggle to stave off the financial woes orchestrated by the pandemic while others have been advertised off by banks.

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