Uganda is on a path of fiscal reform and economic restructuring to address its budget deficit and drive sustainable development. Through governance and administrative reforms, the government aims to prioritize social spending over non-priority capital expenditure and optimize taxation through the elimination of tax exemptions. This commitment to fiscal consolidation is reinforced by a comprehensive three-year program supported by a USD 1 billion Extended Credit Facility, with a significant portion of funds already disbursed.
With a predicted revenue of USD 74.0 million by 2024, the eCommerce sector demonstrates growth potential, underpinned by rising consumer demand and digital adoption. Revenue projections indicate a robust compound annual growth rate (CAGR 2024-2028) of 14.8%. By 2028, the projected market volume is expected to reach USD 128.6 million.
Payment methods supported per country
Mobile money payments
Bank card payments
Bank account payments
Cash payments
Pix
Global & local card schemes & wallets
Cards
Mobile money
Digital wallets
Proportion of population having access to a bank account or other financial institution (2017)
33%
Proportion of population using cash-based payments (2017)
80%
Trade exchange
Export
of goods as a % of total
Europe
19%
South Sudan
17%
Kenya
17%
Congo
12%
Tanzania
4%
Import
of goods as a % of total
China
19%
United Arab Emirates
14%
India
11%
Kenya
7%
Europe
7%
Proportion of population using electronic payments (2020-2021)