08 January 2010
Piggybank_hands

Over 70,000 new jobs will be created from the projects registered by the Uganda Investment Authority last year.

A total of 354 projects in various sectors were registered with a planned investment of $1.6 billion (about sh3.04 trillion). This will result into 70,289 new jobs, investments minister Aston Kajara said yesterday. A progress report on these investments will be computed by September, he said.

The expected number of jobs constitutes an increase of 20,000 more above the 4,9173 created in 2008. The minister attributed this to the efforts of the authority which came into existence in 1991. In that year, for example, 427 jobs were created. Kajara said for every job, about 12 others are created indirectly.

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