Uganda, Feb. 15 -- In recent years, Uganda has seen rapid growth in e-commerce trade, especially during the COVID-19 outbreak.

A report by the Uganda National E-commerce Strategy under the Ministry of ICT indicates that e-commerce will grow at a 17.1 percent annual rate between 2020 and 2025.

This growth is attributed to an increase in e-commerce user penetration, which is expected to reach 29.1 percent by 2025.

"Uganda's e-commerce revenue is expected to reach $220 million in 2021, with an estimated annual growth rate of 17.6 percent, resulting in a projected market value of $421 million, and user penetration is expected to reach 29.1 percent by 2025," the report read in part.

Data from Statista revealed that the market is set to gro...