Many opportunities exist in Uganda for E-commerce businesses planning to boost their market reach and revenue potential. Here are a few relevant examples of factors to consider when choosing Uganda:
● Mobile Money Payment Solutions like Airtel Money are the predominant method of payment with over 33 million regular users 81% of the population older than 15 years.
● The already significant Ugandan E-commerce market of over 1.9 billion USD still has room to grow. In 2029 it is expected that the market will more than double and reach 5 billion USD.
● Over 84% of adult Ugandans have access to mobile phones and increasing investments in internet infrastructure are ensuring a more connected population, ready to embrace E-commerce solutions.
The E-commerce sector in Uganda is expanding quickly. With strategic investments into infrastructure, it has a lot of room to grow in the near future.