7 must-know insights from The Innovation Village’s Future of Retail Report; key to post-Covid-19 recovery of Ugandan MSMEs. The future of retail in Uganda: Reimagining and rebuilding a resilient post-Covid-19 retail sector- a thought leadership report by The Innovation Village
The Future of Retail 2020 report, is published by The Innovation Village, in partnership with Stanbic Bank and Rocket Health.
Retail, which, by definition, is made up of businesses that sell to the final consumer, is an important part of Uganda’s economy. It contributes an average of 18% to the country’s GDP and employs about 16% of its labour force and could be the largest employment source.
But even before Covid-19 struck, in March 2020, reaching its peak around June 2020, the largely brick-and-mortar sector was