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Unemployment is real and i don’t think it will be overcome politically. Most young Ugandans have been divided along political lines and have kind of lost hope yet it is our duty to create employment. My suggestion is if we can use the social media to mobilise for the formation of investment clubs, unemployment may become extinct. For instance, if 50 young people come together and pool UGX 1 million each, they they can raise 50 million which is enough to start a small manufacturing industry. UIA made a cost benefit analysis of all potential business opportunities in Uganda and results are free on its website. The investment capital requirement ranges from 20 to 100 million ugx. The govt can support such enterprises with subsidised financing, tax holidays, market protection and even grants. I know critics will argue that youth cant raise 1 million each. I don’t believe its true cos i normally see many youth with very expensive electronics worth much more. Assuming 500 such entities are created per year what will happen to unemployment?
