Uganda brims with young creative talent. Yet unemployment remains the most pressing challenge the country faces today. Can the creative industry provide the ‘magic bullet’ to combat unemployment in Uganda? The creative industry encompasses various segments, including music, film and television, fashion, gaming, visual arts, performing arts (spoken…
The Ministry of Finance, Planning and Economic Development (MoFPED) notes that Foreign Direct Investment (FDI) inflows into Uganda grew from $1.36billion in April 2022 to $1.5 billion for the year ending April 2023. FDI contributes over 4% of Uganda’s gross domestic product (GDP), according to the World Bank.…
According to the United Nations (UN), youth unemployment is defined as the situation where young people (15–24 years old) who are looking for a job cannot find a job. According to the Uganda Bureau of Statistics (UBOS), youth unemployment in Uganda increased from 6.54% in 2021 to 6.58%…
The pace of poverty reduction in Uganda had started to slow even before the COVID-19 pandemic. It worsened during the pandemic, with the Uganda Poverty Status Report 2021 indicating that poverty increased to 20.3% in 2020 from 18.7% a year before. The COVID-19 shock and the reversal in…