KAMPALA – The National Female Youth Member of Parliament Adeke Anna Ebaju has on December 16 revealed that many the youths are doing business and statistics show that many of these businesses are failing.
She made the remarks at the third Youth Business Forum at Speke Resort Hotel in Munyonyo.
According to Ms. Adeke, the young people face the problem of access to capital and the tax break shall enable them to accumulate capital and profit as well as properly plan the sustainability of their businesses.
“The taxes on their business ventures are sucking their business life dry. Our country has not fully embraced technology and this is making transactions more onerous, let alone the high values of rent and growing insecurity at their places of work,” she said.
She added that: “Tax sucks the life out of young businesses before they even start. Young businesses need a soft landing as they navigate through our complex liberalised jungle of an economy.”
Ms. Adeke further said it is the government’s obligation to secure security at places of work.
“The robberies and corruption frustrate opportunities and innovation in which our youths would perform exceptionally. Government institutions must embrace technology to fasten the movement of goods and services along the business chain. This can improve business registration, online trade, and import and quick correspondence with officials on necessary guidelines for business safety,” said Adeke.
She said youths in Business are not a political subject adding that it is about what is paramount for the largest population, the prosperity of the nation and livelihoods of the citizens.