{"id":32366,"date":"2022-06-10T13:05:35","date_gmt":"2022-06-10T13:05:35","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt"},"modified":"2022-06-10T13:16:41","modified_gmt":"2022-06-10T13:16:41","slug":"600000-jobs-to-be-created-in-next-financial-year-says-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt","title":{"rendered":"600,000 jobs to be created in next financial year, says govt"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Ministry of Trade, Industry and Cooperatives has announced that 600,000 jobs are likely to be created in the next Financial Year.<\/p>\n

The permanent secretary at the ministry, Ms Geraldine Ssali Busuulwa, said in the next financial year, which commences on July 1, Uganda will have about 9,000 factories.<\/p>\n

\u201cI also think within one-and-a-half years, we could very easily touch the 10,000 point factories, steadily producing across the whole country,\u201d Ms Busuulwa said during a visit to the East African Medical Vitale (EAMV) factory in Namanve Industrial Park in Wakiso District with members from Uganda Development Corporation (UDC) on Wednesday. EAMV manufactures surgical gloves.<\/p>\n

She added that currently, the country has about 6,000 factories. This means 3,000 factories will be created in the next financial year that will each offer employment to 200 people.<\/p>\n

\u201cWhen you go to Uganda Investment Authority, they will tell you that they are overwhelmed by applications, in that they can get over 1,000 applications in a year but a few are given licences because of the country\u2019s high level of compliance,\u2019\u2019 Ms Busuulwa said.<\/p>\n

Ms Basuulwa said industrialisation is very important in the development of the country and local production will be facilitated by the government.<\/p>\n

\u201cWe have a lot of the production plans under the NDPIII programmes of the government and the only way you can actually increase your GDP is to increase local production,\u201d she said.<\/p>\n

Ms Busuulwa explained that once the country has a vision of increasing production, it is increasing growth of domestic products, balancing trade positions and strengthening its currency.<\/p>\n

\u201cThis means that people are going to be exporting more and more, we go into other markets within the East African region, Common Market for Eastern and Southern Africa (COMESA) among others,\u201d Ms Basuulwa said<\/p>\n

Ms Busuulwa revealed that the country is prepared to accommodate these factories, saying they have already identified 25 industrial parks and are also in the process of identifying more land,\u201d she said.<\/p>\n

She added: \u201cWe have plenty of land, for example the President\u2019s Office identifies land for industrial parks and yesterday (Tuesday), the President said that Kabale alone had asked for 200acres for the industrial park. The process of identifying land for industrial park is ongoing and they have so far identified 25 industrial parks.\u2019\u2019<\/p>\n

The chairperson of the board of EAMV, Mr Ben Kavuya, said the company is the first to manufacture powder-free latex medical and surgical gloves in Africa and employs 200 people directly.<\/p>\n

Mr Kavuya said their production is now at 60 percent because of stiff competition with cheap powered gloves that are still flooding the market.<\/p>\n

He called on the government to stop importation of powdered gloves saying they can cause cancer.<\/p>\n

The chairperson of UDC, Mr Godfrey Ruhurira, said the country is focusing more on industrialisation that will help in import substitution and promised support to the company.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Ministry of Trade, Industry and Cooperatives has announced that 600,000 jobs are likely to be created in the next Financial Year. The permanent secretary at the ministry, Ms Geraldine Ssali Busuulwa, said in the next financial year, which commences on July 1, Uganda will have about 9,000 factories. \u201cI also think […]<\/p>\n","protected":false},"author":84,"featured_media":32365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12],"tags":[233,240,234],"class_list":["post-32366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\n600,000 jobs to be created in next financial year, says govt - Uganda<\/title>\n<meta name=\"description\" content=\"The Ministry of Trade, Industry and Cooperatives has announced that 600,000 jobs are likely to be created in the next Fi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"600,000 jobs to be created in next financial year, says govt\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Trade, Industry and Cooperatives has announced that 600,000 jobs are likely to be created in the next Fi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-10T13:05:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-10T13:16:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/06\/postQueueImg_16-62a34423793ae.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1556\" \/>\n\t<meta property=\"og:image:height\" content=\"1015\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"600,000 jobs to be created in next financial year, says govt\",\"datePublished\":\"2022-06-10T13:05:35+00:00\",\"dateModified\":\"2022-06-10T13:16:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt\"},\"wordCount\":490,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/06\/postQueueImg_16-62a34423793ae.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/600000-jobs-to-be-created-in-next-financial-year-says-govt\",\"name\":\"600,000 jobs to be created in next financial year, says govt - 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