cnbcafrica.com - 

Uganda ranks first in the world for the country with the highest level of entrepreneurship with women leading the pack.

This was according to a research study carried out by UK-based business networking group, Approved Index. The number was calculated by the percentage of the adult population that owns or co-owns a new business and has paid salaries or wages for three or more months.

According to the report, an impressive 28 per cent of the Ugandan population are entrepreneurs taking advantage of the country's new-found freedom after decades of dictatorship.

“Many of the self-employed are seeing their businesses expand because of the country’s recently laid fibre optic cables that connect even remote villages to the internet.”

photo CC by DFID - UK Department for International Development