Kampala: May 3rd, 2020 - Private Sector Foundation in partnership with UN Women have today hosted the first E-conference on mitigating the impact of COVID-19 pandemic on the Ugandan economy.
The two days’ conference was conducted using online ZOOM meeting tool and broadcasted live on NBS TV. The conference was conducted under the theme, “Inclusive Economic Stimulus Strategy, Opportunities and Linkages”. The conference attracted over 10,000 business owners and senior managers’ politicians, civil servants, civil society/religious leaders including people in the diaspora
The conference came as a response of the outbreak of covid-19 pandemic that has taken a heavy toll on global economies. In less than 6 months, there has been unprecedented contraction in economic activities, global deterioration of financial conditions, suspension of transportation, nose-diving of stocks, crumbling of health systems, loss of jobs especially for young people and women, cancellation/postponement of major events, and so many other far-reaching consequences on humanity and economies.
According to UN Women Country Representative Dr. Maxime Houinato, “COVID-19 pandemic has proved to be a serious threat on the socio-economic development of Uganda. The spike in unemployment rate especially for young people and women makes planning for the post COVID-19 era very important.” Dr. Houinato noted that Women are often engaged in low-paying, informal work and businesses and as primary breadwinners for their families, disruptions as a result of the COVID-19 response will compromise their ability to meet their families’ needs.