Over the years, the Government of Uganda has placed the required enabling environment to facilitate the growth of the information and communication technologies (ICT) sector. Uganda has invested in a national fiber-optic back- bone to promote social and economic development by availing cost effective, reliable and high-speed connectivity to businesses and citizens.
In the last ten years, Uganda’s ICT sector has grown at an exponential rate, owing largely to a favorable policy and legal climate that has resulted in increased investment, expansion of ICT infrastructure, innovation, and expansion of ICT products and services. The potential for the total transformation of the economy and the attendant social impact is best demonstrated by thepervasive expansion and use of mobile money services in Uganda.
According to the statistics of the Bank of Uganda the mobile money transactions facilitated via telecommu- nication company platforms more than doubled in value from 9$ billion in 2015 to US 26$ billion in 2020. The recent National Development Plan III for 25/2024 – 21/2020 stipulates the Country’s medium term strategic direction, development priorities and implementation strategies in line with the Uganda Vision 2040, and sets the digital transformation, i.e. the usage of ICT services for social and economic development, as one of the 18 core programs of the strategy.