PSFU, Mukwano Industries Partner to Address Youth Unemployment Challenge
- PSFU, Mukwano to create 50,000 jobs across the agricultural value chain over the next 5 years
- Partnership worth UGX 26 Billion
- The Mastercard Foundation supports 3 million youth in Uganda with a key focus on 70% women
Private Sector Foundation Uganda (PSFU), Mastercard Foundation and Mukwano Industries Limited have earmarked 26 billion ugshs to support youths and create 50,000 jobs across the agricultural value chain over a period of 5 years.
Speaking at the partnership launch in Industrial Area, Samuel Yalew Adela the Country Lead at the MasterCard Foundation Uganda has noted that Young people in Uganda are among the most enterprising in the world. With the right support, they are ready to bring that energy and innovation to the agricultural sector which is an engine of Uganda’s economy.
Speaking on behalf of Mukwano Industries Limited, Tony Gadhoke the CEO Mukwano Industries Limited said, “Throughout the Mukwano Industries Limited agricultural value chain, there is a UGX 251 billion economic opportunity for the youth to tap into the supply chain within Uganda alone as producers, suppliers, and providers of different services in the supply chain including farmer mobilization and organization, farmer management and extension services, and financial service provision. Currently, Mukwano Industries Limited is only utilizing 40% of the available plant capacity due to inadequate Grain supply of Sunflower and Soybean. This means that over UGX175.5 billion in economic value, enough to employ millions of youth in this country, is lost every year in the agricultural supply chain which this partnership will rectify.”
This project will be implemented in areas of; Amolatar, Oyam, Apac, Agago, Pader, Omoro, Alebtong, Kole and Lira districts.