62.3 percent of Ugandan business are considering or have already started cutting jobs as a result of Covid-19, a trend that could render up to 100,000 Ugandans jobless in the formal sector and up to 4.4 million in the informal sector. This is according to an April 2020 national socio-economic study by the United Nations Capital Development Fund (UNCDF) in cooperation with Makerere University (the College of Business and Management Science) with support from Uganda Revenue Authority (URA). The study, known as the Uganda Business Impact Survey 2020- Impact of COVID-19 on formal sector small and medium enterprises, was…
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