Browsing: Investment and Privatization

1 Million Ugandans to enter the job market every year – World Bank

Uganda’s growth in the economy has not been fast enough to create enough jobs with higher earnings for one of the world’s fastest-growing workforces.

In Uganda, the World Bank reports that agriculture has remained an earnest tool for most of the youth.

According to the Bank, youth unemployment is growing with each year, 400,000 youth entering the labour market and competing for only 80,000 formal jobs. In Uganda, 75 per cent of the workforce and 55 per cent of youth are engaged in the agriculture sector.

Young Ugandans need faster economic growth combined with a faster economic pace of economic transformation to create higher productive jobs for the future economy, says a world bank report researched and authored by Dino Merotto.

According to the report, Uganda is the world’s youngest country with a median age of just 15.9. From 2010 – 2015 the country also has one of the world’s