Uganda banks on digital investment to reach $500 billion by 2040
By the AFREEQUE newsroom, based on Nile Post
Ugandan digital sector officials say investment in information technology must boost productivity and cut costs to support the goal of a $500 billion economy by 2040. At a meeting with the Ministry of Finance, they also called for the economic impact of digital projects to be measured, Nile Post reports.
Uganda is aiming for a $500 billion economy by 2040 and is counting on investment in information and communication technology to help achieve this goal, digital sector officials said at a strategic meeting with the Ministry of Finance, Nile Post reports.
Participants in the CIO-CxO Digital Leadership Forum called for digital transformation to be measured by its economic value rather than the number of systems deployed. They said technology can help businesses access new markets, cut costs and improve efficiency, while also strengthening research and the quality of public decision-making. Uganda’s fintech sector is among those affected by these interoperability and productivity challenges.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
