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Enterprise
Uganda with support from the government of
Uganda launched an initiative in 2007 to provide
entrepreneurship and business skills to the
youth to enable them start their own businesses
as an alternative to chasing few jobs. The
overall objective of the BEST programme is
to build the capacity of young people to participate
in employment creation to reduce unemployment
rates.
Unemployment particularly among the youth
is a major concern to Government. The common
impediments include lack of entrepreneurship
and business acumen and limited access to
affordable finance.
In Uganda, for every one job in the formal
sector, there are over 50 people struggling
for it. Thousands of new graduates compete
with those who completed earlier for the few
jobs made available each year. This means
the majority of new entrants in the labour
market every year hardly find gainful work.
In
reaction to 2010/11 Bugdet Speech presented
by the Finance Minister, Hon. Syda Bbumba,
Herbert Kabafunzaki, Director Khan & B
Consultancy wrote "Ugandans need training
that can change their attitude from employment
bias to self-employmment and other forms of
business enterprises." |
