The Finance Minister, Matia Kasaija, has urged the newly inaugurated Board of the Uganda Investment Authority (UIA) to prioritize the pressing issue of youth unemployment.
This was revealed during the board’s inauguration ceremony, held at the Ministry of Finance offices on Wednesday, October 16, 2024. Kasaija emphasized that industrialization is essential for economic growth and job creation.
“The responsibility placed upon you is significant; tackling youth unemployment is not merely a goal but a necessity for our nation’s future. You must guard against tendencies of corruption,” Kasaija said.
Read Also: UIA Hosts Nigerian Delegation for Strategic Discussions on Digital Economy
The newly appointed board, chaired by Dr. Robert Kyamanywa, faces the challenge of addressing rampant youth unemployment that has affected countless families across the country.
Kasaija highlighted that the current economic climate demands innovative approaches and robust strategies to create sustainable job opportunities for young people.
The minister emphasized the importance of cultivating positive relationships with investors.
“Deal with investors well; make them your friends. This is a serious responsibility you must not mess with. I want every investor treated humanely and given assistance to set up investments and create jobs for our people,” Kasaija said.
The Minister of State for Investment and Privatization, Evelyn Anite, emphasized the board’s immediate focus on revitalizing the Namanve Industrial Park project, which has encountered delays.
“This project is crucial for attracting investment and creating jobs. It is behind schedule, and we must ensure that investors’ concerns are addressed promptly,” Anite noted.
The newly appointed board members include Dr. Patrick Wakida, Dr. Anna Nakanwagi, Bridget Nambooze Musumba, Namakoye Faith Jullie, John Byaruhanga from the Ministry of Finance, Planning, and Economic Development, and the Permanent Secretary of the Ministry of Trade and Cooperatives. They replace the previous board, which was last month dismissed by Minister Kasaija.
