“President Yoweri Museveni is concerned about the high rate of unemployment among graduates churned out of Uganda’s universities.”
The remarks were made last week by finance state minister Matia Kasaija in justifying the sh16b government intends to give to unemployed graduates to start income-generating activities.
“The President is in a dilemma. After promoting education, so many parents have educated their children up to university level, but a big number of the graduates are roaming streets looking for jobs. That is why he has decided to come up with the Graduate Venture Capital scheme,” Kasaija explained.
Statistics indicate that every year, tertiary institutions produce 400,000 graduates, out of whom only 80,000 (20%) get meaningful employment. The rest either remain unemployed or are underemployed.
Read more at allafrica.com