Small-scale fishermen in Lake Victoria coastal fishing communities in Uganda are facing economic challenges that limit their ability to sustain livelihoods and support families. Qualitative research methods were used, including in-depth interviews with 50 small-scale fishers over a period of six months. Findings indicate that diversifying into non-fishing activities such as aquaculture and trading fish at local markets is prevalent among the surveyed fishermen. The proportion who have successfully integrated these strategies into their daily operations is around 25%. The study concludes that while some small-scale fishermen are adopting innovative economic mobilization strategies, there is significant room for improvement in terms of resource allocation and market access. Recommendations include the provision of training programmes on sustainable aquaculture practices and support for establishing community-based fish markets to increase sales and reduce dependency on traditional trade routes.