Uganda Investment Authority Targets 1 Million Jobs by 2021

1918 Views Kampala, Uganda

In short
He says that the agency, mandated to enhance investment and advise government on appropriate policies conducive for investment promotion and growth, will encourage as many investments to create as many jobs as possible.

The Uganda Investment Authority (UIA) will create one million jobs over the next five years, UIA Executive Director, Dr Frank Sebbowa has said.

He says that the agency, mandated to enhance investment and advise government on appropriate policies conducive for investment promotion and growth, will encourage as many investments to create as many jobs as possible.

The commitment comes as the investment body marks 25 years since its establishment. The authority has so far licensed 6,000 projects worth 20.4 billion US Dollars, creating 800,000 jobs.

Up to 455 of these projects started in 2013 when oil exploration and appraisal started. This represents 7.3 percent of all licensed projects. The period up to 2021 is also when the development and production phases in the oil and gas sector will peak.

According to Sebbowa, reforms like the physical and digital one-stop platforms for investors will boost numbers.

UIA Board Chair Eng. Tobias Karekaho says with efficiency, improved competitiveness and innovation, he is optimistic that the one-million-jobs target will be achieved.

 Uganda has a youth unemployment rate of 83 percent according to the World Bank.
 

 

About the author

David Rupiny
In his own words, David Rupiny says, "I am literally a self-trained journalist with over 12 years of experience. Add the formative, student days then I can trace my journalism roots to 1988 when as a fresher in Ordinary Level I used to report for The Giraffe News at St Aloysius College Nyapea in northern Uganda.


In addition to URN for which I have worked for five years now, I have had stints at Radio Paidha, Radio Pacis, Nile FM and KFM. I have also contributed stories for The Crusader, The New Vision and The Monitor. I have also been a contributor for international news organisations like the BBC and Institute for War and Peace Reporting. I am also a local stringer for Radio Netherlands Worldwide.


I am also a media entrepreneur. I founded The West Niler newspaper and now runs Rainbow Media Corporation (Rainbow Radio 88.2 FM in Nebbi). My areas of interest are conflict and peacebuilding, business, climate change, health and children and young people, among others."