Uganda among top 10 developing African economies

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Uganda is one of the Top 10 developing and transition economies in the United Nations Conference on Trade and Development [UNCTAD B2C] E-commerce Index, 2018, in Sub-Saharan Africa.

The Pearl of Africa shares the spotlight with Mauritius, Nigeria, South Africa, Ghana, Kenya, Botswana, Cameroon, Namibia and Gabon.

The 2018 UNCTAD B2C E-commerce Index, which measures an economy’s preparedness to support online shopping, has expanded its coverage to include 151 economies, up seven from the 2017 edition.

The index consists of four indicators that are highly related to online shopping and for which there is wide country coverage and the extent to which people shop online in a country.

The index is calculated as the average of four indicators (i.e., each indicator carries the same weight) using data for 2017 or the latest available.

Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+), individuals using the Internet (% of population), Postal Reliability Index and Secure Internet servers (per 1 million people).

In its special focus on Africa in the B2C index, forty-four [44] African countries are included in the 2018 edition of the index.

The region lags the rest of the world in terms of e-commerce readiness. Mauritius – with a ranking of 55 – is the highest ranked African country, and as many as nine of the bottom ten countries are in Africa.

However, the continent is showing progress in key indicators related to B2C ecommerce. Since 2014, sub-Saharan Africa has surpassed world growth on three of the indicators used in the index.

The top ten ranked African countries in the index are; Mauritius, Nigeria, South Africa, Tunisia and Morocco, in 1st to 5th places, respectively.

Ghana is No.6, followed by Kenya and Uganda in the 7th and 8th places, respectively.

Botswana comes next followed by Cameroon. FULL UNCTAD REPORT:

The top three African countries each has a distinctive strength in one of the four areas measured by the index.

Highest ranked Mauritius has a considerable 13 point higher score than the next African country.

This small island developing state scores relatively high in all four areas but particularly with regard to the share (90%) of the population having an account.

Nigeria, the most populous African nation, ranks second, largely thanks to a significant increase in postal reliability as measured by the Universal Postal Union (UPU).

UNCTAD is supporting the ability of African countries to engage in and benefit from ecommerce through Rapid eTrade Readiness Assessments of least development countries.

They identify bottlenecks and propose remedies. As of November 2018, assessments in Africa had been completed for Burkina Faso, Liberia, Madagascar, Senegal, Togo, Uganda and Zambia.

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