Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank
21.9 C
Kampala
Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank

NWSC annual turnover improves by 20.9%

Must read

National Water and Sewerage Corporation have today shared the company’s performance overview to the public at their Head Office in Nakasero.

Dr. Silver Mugisha, the NWSC Managing Director, presented performance for the past five years and mainly 2017/2018 in particular as one of the requirements of public corporations.

He says in 2013/14, they extended 470kms of water mains, 910kms of water mains extensions in 2016/17 and 2021kms of water mains extension in 2017/18, indicating a percentage increment of 122 per cent.

“Water service coverage has increased from 77 per cent (2013/14), 78.2 (2016/17), 83.7 (2017/18). This a 5.5 per cent increment in service coverage. We have extended clean safe water to serve more people. We had 66 towns in 2013/14. 218 towns in 2016/17 and 236 towns 2017/18. This an 8.3 per cent increment in water mains extensions across the country,” explains Dr. Mugisha.

“We had a total water network length of 6,994kms in 2013/14. We have increased the network length from; 12,113kms of water mains in 2016/17 to 14,166kms of water mains in 2017/18.” He added.

According to Mugisha, they have increased the number of new connections (People served). From 28,068 new connections in 2013/14, to 40,712 in 2016/17 and now 50,341 towns in 2017/18. This is an increment of 23.7 per cent. Total water connections have increased from 366,330 in 2013/14 to; 529,709 Water connections in 2016/17, 587,873 Water connections in 2017/2018. This is an improvement of 11 per cent.

Total Sewer connections have increased from 18,810 in 2013/14 to 21,072 sewer connections in 2016/17, 21,616 sewer connections in 2017/2018. This is an improvement of 2.6 per cent.
“The annual turnover has increased from 184.5 billion in 2013/14 to; 321 billion in 2016/17, 388 billion in 2017/2018. This is an improvement of 20.9 per cent annual turnover & capacity to extend services to more people.” He explains

NWSC performace overview.

Savings for re-investment in Capital Projects increased from 31 billion in 2013/14 to 71 billion in 2016/17, 92 billion in 2017/18. This is an increment of 29.6 per cent. Dr. Mugisha appreciated the customers who pay their bills promptly.

The total assets of NWSC have increased from 650 billion in 2013/14 to 1,409 billions in 2016/17, 1,746 billions in 2017/18 which is an improvement of 23.9 per cent.

Dr. Mugisha added that it is risky to put sewerage services where there is no water. They are aggressively extending their water mains to serve more people with clean safe water. They’re also working on sewage master plan that will be launched very soon.

“At NWSC, we don’t make profits! We reinvest all the surplus income we get. Our commitment to achieve 100 per cent water coverage in all corners of Uganda is total.” He concluded
National Water and Sewerage Corporation is a water supply and sanitation company in Uganda which is wholly owned by the government of Uganda.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -