By Ben Ssebuguzi
The morale of the story is that we should not celebrate the challenges of our own struggling investors, but rather sympathize and commiserate with them or even give them support in form of bail outs.
Why can’t government improvise covid-19 economic stimulus fund from development bank to help such investors if we want to safeguard and promote more jobs for youths because sincerely speaking,youth unemployment is reaching un precedented levels.
My nugget is that it is very expensive to build a new company like Simba group with 30th anniversary track record and experience employing over 100 people given the high mortality of business in Uganda.Few business in Uganda celebrate their 5 anniversary.
Government can buy out Simba group loan and finance ministry gets shares on behalf of Ugandans if we are to circumvent this covid 19 monster if we are to attain development plans.but if our parliament just looks on, unemployment will continue to escalate hence creating a big danger to our communities.
The writer is budding economist and the Secretary General of Uganda poor youth movement.