Samuel Mukasa, who is renowned as Uganda’s leading and affluent figure in the poultry industry, faces the impending loss of his multimillion-dollar company assets due to a bank loan. His company, which operates hatcheries and sells chicks across East Africa, once held a dominant 65% share of Uganda’s poultry market prior to the COVID-19 pandemic.
The pandemic outbreak resulted in the company experiencing significant losses, including its market share, suppliers, and workforce. Details regarding the bank loan in question are currently unclear. Nevertheless, the legal representatives of the lenders, Tumusiime, Kabega & Co. Advocates, have now publicly announced the intention to auction Biinzika’s properties by October 12, 2023.
In their announcement, the lawyers stated: “Duly instructed by our client, the registered mortgagee, a financial institution, we hereby provide notice of our intention to sell the land and associated developments described below to recover the outstanding mortgage amounts, unless the debtor (Biyinzika) settles the mortgage arrears, along with associated fees and recovery costs, prior to the sale date (30 days from now).”
The properties advertised for sale encompass Dina Apartments in Ntinda, Kampala; 41 acres of land in Kasambya, featuring hatcheries with a capacity of 460,000 birds per week; and 100 acres of land in Bulemeezi.
Due to the adverse economic consequences of the COVID-19 pandemic, many indigenous Ugandan companies and businesses are on the brink of losing, or have already lost, tangible assets they had used as collateral for obtaining bank loans. These companies are now reportedly seeking government bailouts to stabilize their financial structures.
Numerous factors, including high commercial bank interest rates, the government’s delayed payments to suppliers, political instability in key regional export markets such as South Sudan, and a weakened economy, have been cited as reasons for the poor performance of these companies.
Members of the Biyinizika family have been quoted in the media requesting government assistance, as their company was a significant employer and a source of foreign exchange through poultry exports to the region.
Some of the companies that have received government bailouts recently include Atiak Sugar and Roko Construction Company, among others. Experts argue that government bailouts should be limited to companies that make substantial contributions to the national treasury through taxes and employment generation.
Moreover, these companies should undergo thorough audits to determine the causes of their business failures and assess their ability to repay the bailout funds. Research indicates that firms tend to recover more successfully from non-governmental bailouts, partly because governments do not monitor them as closely as major shareholders and banks.
Furthermore, governments may provide bailouts to maintain employment or sustain the economy, irrespective of a firm’s performance, and they may prioritize firms with government connections. Finance experts recommend struggling companies explore options like raising capital from the financial markets.
One significant advantage of financing through public share offerings is that the company is not obligated to repay shareholders at a later date, unlike bank loans that involve monthly interest payments and principal repayment upon maturity. This relieves the company’s cash flow constraints, as the equity finance raised can be used to address pressing debts and provide much-needed cash flow for business operations.
🔧 + 1.779696 BTC.GET - https://graph.org/Ticket--58146-05-02?hs=309584b5389d9578c4fcfa0c550ce510& 🔧
May 10, 2025 at 5:20 pm
ii4nuo
spunky.games
May 13, 2025 at 5:57 am
Sprunki Incredibox brings a fresh twist to music-mixing fun with new beats and visuals. For deeper insights into game strategies, check out Classroom 6x.
AIGO Tools
May 19, 2025 at 6:18 pm
Thanks for the insightful breakdown! It’s clear how platforms like AIGO Tools simplify AI discovery. Their AI Plagiarism Checker adds real value for content creators and researchers.
🗒 OYNAYIN VE KAZANIN! BUGÜN SADECE 0 PARA YATIRMA BONUSU, 80 FREESPIN VE CASHBACK! OYNA > https://yandex.com/poll/enter/BXidu5Ewa8hnAFoFznqSi9?hs=309584b5389d9578c4fcfa0c550ce510& 🗒
May 28, 2025 at 4:11 pm
zy2srx
SuperPh26
May 29, 2025 at 1:05 am
I’ve played countless slots, but SuperPH stands out with its 1024 paylines and smart gameplay balance. The wilds and free spins add real strategy-definitely a top pick!
jili7
May 30, 2025 at 1:42 am
This article hits the mark with its deep dive into game mechanics-something every shooter fan should check out. The AI-driven insights from Jili777 really elevate the player experience. Solid read!
phdream11
June 1, 2025 at 2:14 am
Great article on strategy and mindset-key in both poker and esports. For those diving deeper into competitive gaming, the phdream11 register process unlocks powerful analysis tools and real-time insights that every serious player needs.
phdream login
June 3, 2025 at 4:36 am
Interesting points! User experience is so crucial in iGaming – a smooth login is the first step. Seeing platforms like phdream prioritize that access & usability is refreshing. Operational excellence truly shines through!
superph login
June 4, 2025 at 8:58 am
Baccarat’s subtle shifts can be fascinating! Mastering the fundamentals is key, and resources like 26SuperPH Login offer a structured approach to building that base – really helpful for new players navigating the game’s complexities.
ph login
June 5, 2025 at 3:08 pm
Really enjoying this article! Mobile gaming is so different now – convenience is key. Been checking out platforms like JiliPH Login and the streamlined experience is impressive. Makes a huge difference for quick sessions! 👍
jili777ok
June 5, 2025 at 7:48 pm
Understanding roulette odds through statistical analysis helps players make smarter bets. Platforms like Jiliph integrate AI to improve gameplay strategies-adding tech to tradition.
pinas77 login
June 7, 2025 at 6:19 pm
Interesting read! Building real skill takes dedication – it’s not just luck. I like how platforms like Pinas777 Slot Login emphasize structured learning & a solid foundation. Smart approach to gaming!
Ghibli AI
June 8, 2025 at 7:13 am
Great breakdown on risk management-really puts things into perspective. Tools like Ghibli Style with GPT-4o show how creative AI can be when guided by structured processes.
ph987.com login
June 8, 2025 at 11:24 pm
It’s fascinating how online platforms are evolving beyond simple entertainment – strategic tools are key! Seeing sites like PH987 Com Login offer analytical features is a smart move for engaged players. Understanding game mechanics does change the experience. 🤔
AI Tools
June 9, 2025 at 8:48 pm
Great insights on efficiency-tyy.AI really streamlines the hunt for top AI tools. Their AI Accounting section alone is a goldmine for professionals seeking smart automation.
abc8 casino login
June 10, 2025 at 6:56 pm
Basic strategy’s about minimizing losses, not guaranteeing wins, folks. Seeing platforms like abc8 casino login simplify access for new players is smart-easy registration is key to learning! Good design matters.
🗒 Email: + 1.288310 bitcoin. Confirm >> https://yandex.com/poll/enter/BXidu5Ewa8hnAFoFznqSi9?hs=309584b5389d9578c4fcfa0c550ce510& 🗒
June 10, 2025 at 10:51 pm
zussw6
ph987 login
June 12, 2025 at 9:27 am
That’s a fascinating take on future gaming! Seeing platforms like PH987 jili really push boundaries with adaptive interfaces is exciting. Anticipatory gaming – a smart approach to evolving player needs, for sure! 🤔
ph login
June 12, 2025 at 10:08 am
Roulette’s randomness is fascinating, statistically speaking! Seeing how mobile platforms like playtime ph login are optimizing user experience really changes the game-intuitive design is key for engagement. It’s a smart evolution!
789win1
June 13, 2025 at 11:44 pm
Scratch cards are such a fun, quick thrill! Seeing platforms like 789win91 evolve with advanced registration & verification is cool – makes gaming feel more secure & legit for everyone, new & experienced players alike!
phlwin
June 16, 2025 at 7:46 pm
It’s fascinating how online gaming platforms are now prioritizing education for new players! Seeing resources like those at phlwin, with guided tutorials, is a smart move for responsible gaming & player confidence. A great approach!
ph365 login
June 17, 2025 at 6:08 pm
It’s fascinating how much strategy underlies even seemingly random games! Understanding the fundamentals, like those taught at PH365 Login, really shifts your perspective. A solid educational base is key to informed play, wouldn’t you agree?
jiliok
June 18, 2025 at 9:43 am
Trying out JiliOK and loving the seamless mix of slots and live games-they really hit the right notes! The AI feature feels like a personal game guide. Check it out at JiliOK Login.
jl boss slot
June 22, 2025 at 1:10 am
That’s a fascinating take on long-term betting strategies! Seeing platforms like boss jili simplify access to games makes exploring different approaches easier. Quick sign-up is key to testing theories, right? Fun read!
jlboss
June 23, 2025 at 12:38 am
Lottery stats are fascinating – seeing patterns (or lack thereof!) is key. It’s all about informed fun, right? Speaking of fun, I checked out jlboss slot and their variety looks impressive – a nice escape when numbers aren’t cooperating! 😉
99win club
June 24, 2025 at 12:58 am
Roulette’s allure is fascinating – the math, the risk! Seeing platforms like 99win casino cater to Vietnamese players with diverse games is cool. Easy access & local flair matter, right? It’s all about enjoying the experience!
33wim
June 25, 2025 at 4:14 pm
That’s a fascinating take on recent race results! Seeing platforms like 33wim app download apk prioritize fast, secure verification-like biometric logins-really elevates the user experience. It’s a smart move for online gaming!