The Transformative Power of Technology in Ugandan Business
In today’s fast-evolving world, technology is no longer a luxury but a necessity. Across the globe, businesses are leveraging technology to streamline operations, reduce costs, and reach new markets. Uganda is no exception to this trend, but the pace of adoption and realization of its potential still leaves much to be desired. It is time for Ugandan business owners to embrace the full power of technology, not just as a tool but as a cornerstone for growth and sustainability. Technology: The Silent Game-Changer According to the Uganda Communications Commission (UCC), internet penetration in Uganda rose to over 52% in 2023, with mobile internet users forming the majority. This shift presents a fertile ground for businesses to innovate. “Technology is the equalizer of our time. It levels the playing field for small businesses and startups,” says Jack Ma, founder of Alibaba. Indeed, the rise of mobile money platforms such as MTN Mobile Money and Airtel Money has revolutionized how trans...