Rising Through Digital Economy

At the last World Economic Forum, global economic leaders predicted that by the year 2022, over 60% of the world economy will be digital, while it was also projected that about 70% of new value created in the economy in the next decade will be based on digitally-enabled platforms. This signals the fact that those saddled with economic policy formulation and implementation in different countries of the world are focusing on the digital economy as the next growth driver. Africa stands a good chance of boosting economic growth by leveraging the potential of the digital economy. In 2019, Uganda is uniquely positioned to benefit from the digital economy, with half of the 40 million population of the country being below the age of 30.

The outbreak of Wuhan Virus and preventive measures enforced by authorities across global borders has further extolled the importance of technology-based connection and communication between people, businesses, organizations and processes; a convergence that makes up a digital economy.

The pandemic has no doubt shown the importance and inherent potential of a digital economy to national growth. For Uganda to achieve the digital economy projections and be part of the emerging global economic trend, the pivot role of ecommerce in the chain got to be properly addressed and fully harnessed.