Imagine Posta Uganda, formerly Uganda Post Limited, as a traditional service provider—delivering mail, packages, selling stamps, and offering agency banking in remote outposts. It’s not glamorous, but it remains an integral cog in Uganda’s infrastructure. But importance doesn’t always translate to profitability. In the year ended June 2024, Posta earned UGX18.55 billion in operating revenue, mostly from core activities like mail delivery, courier services, and agency functions. On paper, it reported UGX18.11 billion in expenses. However, the Auditor General put the actual figure at UGX17.33 billion, revealing a UGX780 million gap. The 4.3% variance raises eyebrows: Were some costs overstated?…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
