By Felix Oketcho
NATIONAL Water and Sewerage Corporation (NWSC) made sh12.5b in profits this financial year, the managing director, Dr. William Muhairwe, has said.
Muhairwe said this while presenting a paper on productivity and work ethics at a seminar for the Institute of Certified Public Accountants of Uganda at Imperial Resort Beach Hotel in Entebbe, recently.
â€œWe have turned the once collapsing parastatal into a profit-making company. Last year, we made sh7b in profits,â€ he said.
Muhairwe said they were making profits because of hard work and being ethical.
â€œThe Governmentâ€™s budget for us was sh22b in 1998, but for the five-year programme, we have increased the budget to sh44b,â€™â€™ Muhairwe said.
â€œWe are better because we changed our approaches to suit market demands and service delivery,â€™â€™ Muhairwe said.
He said they had reduced employees from 1,850 to 850.
â€œDaily collections have improved by 60% in the last five years. Collection efficiency is 102%,â€™â€™ Muhairwe said.
He said initially, bill accountability was 40% due to inefficiency and accumulated government arrears, which were 50% of total revenue annually.
â€œSome time back, we were threatened by the sale of the company because of inefficiency. But given the standard pay, we changed every thing,â€™â€™ Muhairwe said.
He told employers to ensure efficiency.