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UGANGA: 780,000 workers at risk of losing their jobs due to coronavirus outbreak

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At least 780,000 Ugandans risk losing their jobs as the spread of coronavirus takes a toll on Uganda’s economy, according to government.

Matia Kasaija, Minister of Finance, Planning and Economic Development on Thursday told Parliament that the tourism sector alone will severely be affected by a sharp drop in tourists coming to Uganda following extensive travel restrictions in the USA, Europe and Asia.

“Tourism earnings are also expected to decline significantly in the last four months of the financial year,” he said in a government statement to the House.

According to the minister, exports are expected to decline in the last four months of the financial year, on account of a sharp reduction in global demand and travel restrictions imposed by Uganda’s key trading partners in the Middle East, European Union and Asia.

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