Over 3 million Ugandans to lose their jobs over COVID_19 impact
A new report on the impact of COVID-19 on Ugandan businesses indicates that about 3.8 million Ugandans will lose employment as a result of COVID-19.
The report authored by the Economic Policy Research Centre shows that over 75% employees projected to lose their jobs are from the private sector.
The report reveals that job loss is as a result of containment measures adopted to curb the spread of covid-19.
It indicates that the most affected businesses are those in the agriculture sector that faced the largest constraints in accessing input and output market due to control measures such as transport restrictions, quarantine, social distancing and ban on weekly markets.
In addition, prices of agricultural outputs have declined due to lost demand and the shift from consumption of fresh agricultural produce to dry rations.