Through this mutually beneficial partnership, Makerere University (MAK) will work with ACCA Uganda to deliver professional courses; train and produce professional accountants; and high quality Bachelor of Commerce graduates.
“Today, Friday 10th October 2014, Makerere University is becoming one of the major partners of ACCA in delivering professional courses. Makerere University in general and the College of Business and Management Sciences in particular are answering the demands of the market. In addition to training, and equipping students with knowledge and skills, we are integrating professional courses in the Bachelor of Commerce so that we produce a highly competitive graduate,” said Dr. Umar Kakumba, Dean-School of Business, College of Business and Management Sciences at Makerere University.
Dr. Kakumba shared that they have started with professionalizing the Bachelor of Commerce academic programme, but the team in the College of Business and Management Sciences is focused on a long-term plan to partner with respected bodies/institutions so as to professionalise all academic programmes offered at the College. With the MAK and ACCA Uganda partnership, the students majoring in Accounting will have acquired 80% of the professional accounting at the time of completion of Bachelor of Commerce.
With regard to the internationalization agenda as stipulated in the Makerere University Strategic Plan, Dr. Kakumba applauded ACCA Uganda for linking the Makerere University College of Business and Management Sciences (CoBAMS) to ACCA Global, which initiatives will foster internationalization of the curricula and academic outputs.
In her address, the Head of ACCA Uganda, Ms Beatrice M. Isagayite emphasized the need for partnerships and pointed out that ACCA has over 80 working partnerships with universities in China, over 20 partnerships with universities across sub-Saharan Africa, and equally commended Makerere University for coming on board.
“The major purpose of this partnership is to promote sustainable development in the Accounting profession. We need partners like Makerere University. Makerere University is important to us. Makerere University is one of the top ten (10) universities that contribute most students joining ACCA. We have therefore had a symbiotic relationship, which we are sealing today through this MOU,” she remarked.
Ms Isagayite said that ACCA founded in 1904 and MAK founded in 1922 have rich history and share common values. The Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification and over the years, both MAK and ACCA have greatly contributed to imparting knowledge and economic development of Uganda and the world over.
“At ACCA, we believe that accountants bring value to economies in all stages of development. We aim to develop capacity in the profession and encourage adoption of consistent global standards. Our values are aligned to the needs of employers in all sectors and we ensure that, through our qualifications, we prepare accountants for business…This is achieved through partnerships like the one we are entering into with Uganda’s premier university,” she said.
On behalf of the team that has been working diligently to restructure and review the curricula, Dr. Bernadette Nambi Karuhanga, Head-Department of Accounting and Finance said:
“Two years ago, our department chose to professionalise her academic programmes. Premised on our core value of innovativeness, we decided to team up with professional bodies. We are thus shifting from the current scenario where a student completes Bachelor of Commerce and joins another body to acquire a professional course. The MAK and ACCA Uganda partnership will ensure that our Bachelor of Commerce students acquire 80% of the professional courses.”
Dr. Nambi Karuhanga explained that through this consultative process, they have aligned the curriculum to the professional requirements, and next academic year 2014/2015, they will follow the reviewed curriculum to deliver a professional product/accountant.
The Ag. Principal, CoBAMS, Dr. Eria Hisali congratulated the School of Business for initiating the partnership with ACCA Uganda and highlighted the initiatives being undertaken by CoBAMS to improve on the quality of her graduates.
“To have a competitive edge in the labour market, we are continuously reviewing our curriculum, our students undertake internship/field attachment, and we are also collaborating with international agencies in the delivery of academic programmes,” he said.
Dr. Hisali advised the MAK and ACCA Uganda team to maximize the synergies presented by the partnership. “In addition to training and professionalism, consider working within your mandate to undertake joint research, joint community outreach programmes, and joint staff exchanges.”
He thanked the Office of the Vice Chancellor, which was represented by Ms Ritah Namisango, the Senior Public Relations Officer, as well as the MAK Legal Office for the support in the realization of the MAK-ACCA partnership.
The ACCA Uganda team comprised: Ms Beatrice M. Isagayite, Ms Charlotte Kukunda, Ms Dorothy Mutabaazi, Mr. Emmanuel Siiya and Ms Martha Nakayima.
The MAK CoBAMS team comprised: Dr. Eria Hisali, Dr. Umar Kakumba, Dr. Nambi Karuhanga, Dr. Godfrey Akileng, Mr. Martin Bakundana and Mr. Chris Muganga.
Mastercard Foundation Scholars at Makerere University have been encouraged to embrace the spirit of philanthropy as a vital foundation for fostering stronger and more resilient communities. This inspiring call to action took place during the 2025 Community Open Day at the Freedom Square on Saturday, September 6, 2025, where hundreds of Mastercard Scholars, Scholar-alumni, and partners of the Scholars Program gathered to initiate a fundraising drive for the signature Annual Scholars Day of Service.
The Annual Scholars Day of Service stands as a hallmark event through which the Scholars give back to the community in impactful and sustainable ways. During a keynote address titled “How Philanthropy Shapes Resilient Communities,” Prof. Winston Tumps Ireeta, the Deputy Vice Chancellor of Finance and Administration, emphasised that while local philanthropy is not a new concept in Uganda, a more intentional mobilisation of this giving back power is necessary to address broader social challenges.
“Communities that mobilise their own resources—financial, human, and material—are empowered to take ownership of their development. Ownership naturally leads to sustainability, ensuring that solutions emerge from local knowledge, context, and values rather than being imposed from the outside. This approach is essential for effectively tackling our social challenges,” Prof. Ireeta stated.
A cross-section of scholar-alumni, listening attentively during the event.
In his remarks delivered by Prof. Helen Nambalirwa Nkabala, the Principal of the College of Humanities and Social Sciences, Prof. Ireeta highlighted the importance of nurturing the inherent power of local giving. He urged the celebration of current local philanthropic efforts, which can be initiated at the individual, religious, and community levels.
“To foster a culture of giving, we need to create platforms that promote structured, transparent, and impactful contributions,” he argued. “It’s crucial to strengthen our generosity, particularly among the youth, and cultivate a society where giving is valued as a core aspect of leadership and citizenship.”
Prof. Ireeta further noted, “The future of our Communities’ strength lies not in distant promises but in our own hands and collective actions. By fostering local philanthropy, we can build a society that is not only fairer but also more resilient and united.
Mr. John Osuna, speaking on behalf of the Program Director, Prof. Justine Namaalwa, at the event.
In his welcoming remarks, Mr. John Osuna, Transition Lead for the Mastercard Foundation Scholars Program at Makerere University, who spoke on behalf of the Program Director, Prof. Justine Namaalwa, expressed gratitude to the Scholars for their collaborative efforts in turning the idea of giving back into reality.
“Let us embody humility, kindness, and compassion through actionable philanthropy. By doing so, we can create lasting impacts, enhancing our reputation as a community that genuinely cares,” Mr. Osuna stated.
The Community Open Day was organised under the inspiring theme: “Nurturing Philanthropy for Resilient Communities,” paving the way for future initiatives that strengthen community bonds through collective generosity.
A cross-section of the alumni making their pledges towards the scholars give back project.
“We believe that through nurturing philanthropy for resilient communities, our communities shall be able to organise themselves to build resilience beyond what we shall give back,” Mr. Osuna explained.
The vibrant event saw Scholars and Scholar-alumni actively participating by bringing items for auction and buying tickets for the raffle draw as a means of mobilising resources for the construction of a ventilated pit latrine, renovation of two classroom blocks and providing tanks for harvesting clean water for Bwera Primary School in Kabale District.
Speaking at the event, Mrs. Agnes Katumba, the Director of Katumba Estates, one of the long-standing partners of the Scholars Program at Makerere University, tasked the Scholars to embrace the heart of giving back without expecting something in return.
Ms. Agnes Katumba, the Director, Katumba Estates Ltd handing over part of her pledge towards the Scholars Giveback project.
“I thank the Mastercard Foundation; they not only provide scholarships but also give back to the community. I have been able to grow because of them. For scholars, you do not have to wait to be wealthy to give back; every coin counts,” Mrs. Katumba said.
Katumba Estates Ltd contributed three million shillings to the Scholars Give Back project. Another long-standing partner, DFCU Bank, pledged over sh10 million towards the Scholars’ building project.
The Representative from DFCU making the pledge to support Scholars Giveback project on behalf of the Bank.
In her presentation, Ms. Malvin Akwara, a Mastercard Foundation Scholar-alumna, urged current Scholars to contribute to their communities in various ways, including mentorship and guiding young people.
Ms. Malvin Akwara, a Scholar-alumna addressing fellow Scholars and alumni at the event.
“We are all here because someone chose to give. During my first year at Makerere, I contributed to some young man’s school fees back home in my community. The young man is now in his second year at Makerere. You don’t have to be wealthy to make an impact; be intentional in your giving, and you will witness the difference it makes. There is no greater fulfilment than helping someone in need,” Akwara stated.
Some of the Scholars praying for their raffle draw tickets to win.
The event was punctuated with a number of activities that ranged from auctioning items, raffle draws, exhibitions, quizzes and a lot of games and fun.
The winner of the grand draw walked away with a flat screen TV.
Carol Kasujja and Bernard Buteera form the communications team for the Scholars Programme at Makerere University.
Dear Students; Class of 2025/2026 I am very delighted to welcome you to Makerere University. You are joining a Premier University and I hope you all are excited to start your new academic journey. We would like to first congratulate all of you for successfully overcoming the many challenges you have all faced, from completing high school to choosing a university and a study program and the extensive delays in the admission process you experienced.
As you are about to begin one of the most exciting times in your life, you should acknowledge and appreciate your efforts and achievements so far. I am aware that as a fresher, you are filled with hope and ambition, and I encourage you to take a moment to reflect on the road that has brought you here. I know that you have worked hard and overcome many obstacles to reach this point. So, take a moment to savor this achievement and be proud of yourselves.
Now, as you step into the next phase of your lives, I want to remind you that this is a time of growth and exploration. You will face new challenges, make new friends, and gain experiences that will shape you into the person you will become. This is the time to embrace new opportunities, learn from your mistakes, and never stop growing.
I also want to emphasise the importance of hard work, determination, and resilience. These are the qualities that will help you overcome any obstacle and succeed in your endeavors. Remember to keep your focus on your goals and work towards them with determination. I encourage you to approach your studies with a growth mindset. This means that you believe that your abilities can be developed through hard work and perseverance. Remember that failure is not the end, but rather an opportunity to learn and grow.
Professor Buyinza Mukadasi (PhD) Academic Registrar
Makerere University, through the Makerere University Convocation (MUC), has hosted the first-ever CEOs/Investors’ Round Table Summit on Tuesday, 2nd September 2025. The historic event brought together alumni, Chief Executive Officers (CEOs), and stakeholders in a distinguished assembly aimed at re-imagining the university’s role in national and continental transformation.
The Convocation, which serves as a critical forum for foresight and life-transformational dialogue, unveiled five transformative points carefully crafted to transform Makerere from a symbolic “ivory tower” into an “impact tower” that influences the country and the world more than ever before.
Government Endorsement and Call to Action
The Chief Guest, Prime Minister Rt. Hon. Robinah Nabbanja, was represented at the event by the 3rd Deputy Prime Minister, Rt. Hon. Rukia Nakadama Isanga. She conveyed warm greetings from H.E. the President of Uganda, Gen. Yoweri Kaguta Museveni, and the Rt. Hon. Prime Minister.
She commended the Convocation for convening under the summit under a significant and timely theme: “Exploring the Opportunities for Entrepreneurship, Innovation and Value Creation for Accelerated Socio-Economic Integration and Development of Sub-Saharan Africa.”
Rt. Hon. Rukia Nakadama Isanga.
She described the summit as not just a gathering but a journey and a call to action, urging academia, industry, and government to align efforts with Uganda’s and Africa’s transformation priorities.
Framing her remarks around the World Bank’s guiding principles—Trust, Humility, Inclusion, Collaboration, and Knowledge—she explained:
“Trust must be built between government, academia, and business… the gathering reflects the trust in CEOs and investors to walk this journey together.”
“Humility requires listening and learning, recognizing that no single institution has all the answers.”
“Inclusion reminds us that no youth, woman, or marginalized group should be left behind in transformation.”
“Collaboration is the currency of progress, necessary for solving complex challenges across sectors.”
“Knowledge remains our greatest asset, with Makerere University demonstrating its importance in moving from ivory towers to communities to transform lives.”
Current and Former Guild Leaders including Mr. Wilbrod Owor (CEO, Uganda Bankers Association) pose for a group photo with dignitaries.
She then unveiled a “massive transformation purpose”, commissioning five working teams led by CEOs and investors. The teams, nominated lead persons, and their respective objectives included:
From Ivory Tower to Impact Tower – Dr. Patricia Ojangole (UDB) with Patrick Ayota (NSSF), translating research into market-ready innovations.
Diaspora Dividend vs Brain Drain – Jennifer Bamuturaki (Uganda Airlines) with Michael Mugabi (Housing Finance Bank), harnessing diaspora capital, skills, and mentorship.
Intergenerational Knowledge Bridges – Fabian Kasi (Centenary Bank) with Ajay Kumar (Quality Chemicals), institutionalizing mentorship and reverse mentorship.
Climate and Infrastructure Leadership – Proscovia Nabbanja (UNOC) with Silver Mugisha (NWSC), anchoring research in energy security, green transition, and infrastructure.
Pan-African Digital and AI Advantage – Sylvia Mulinge (MTN Uganda) with Mumba Kalifungwa (Stanbic Bank), positioning Makerere as Africa’s digital and AI hub.
She pledged full government support, noting that the teams would convene in the Office of the President. “This summit is not ceremonial but a covenant,” she stressed.
The Minister’s Reflection
Hon. Balaam Barugahara, State Minister for Gender, Labour and Social Development in charge of Children and Youth Affairs, emphasized that the summit was not a party but a process of transformation.
Hon. Balaam Barugahara gestures.
Drawing from personal experience, he recalled joining Makerere in 2000 and completing his degree in seven years due to balancing work, hustling for fees, and studying. He praised the university’s role in shaping his success and highlighted recent developments such as the renovation of Mary Stuart Hall and revamping the Main and Western gates, as milestones that have enhanced Makerere’s image. He equally applauded the curbing of staff and student unrest.
He noted that the summit aimed to facilitate networking, mentorship, career opportunities, and university development, signalling collective commitment to Uganda’s transformation.
Council’s Vision: A Legacy Re-imagined
Representing Makerere University Council Chairperson Ms. Lorna Magara, Prof. Sarah Ssali described the summit as a “historic alumni CEO investor round table” and a reaffirmation of Makerere’s role in Africa’s development. She described the university as a “cradle of leadership, innovation and resilience”, noting that the gathering’s objectives included fostering partnerships, showcasing research, launching a fundraising drive, and strengthening alumni engagement. Prof. Ssali emphasized that alumni relations must go beyond occasional financial contributions during events, to continuous communication and genuine relationships. “This summit marks the start of a journey, not just an isolated event,” she reechoed.
Prof. Sarah Ssali.
Vice Chancellor on Unlocking Makerere’s Potential
Reflecting on the theme of his bid for the Office of Vice Chancellor, “Unlocking the Potential of Makerere University,” Prof. Barnabas Nawangwe noted that while many only celebrate the absence of strikes, behind the calmness is a vibrant transformation.
He highlighted Makerere’s alumni strength, with over 20,000 CEOs globally, and underscored their contributions to Uganda’s economy, governance, health, sports, and research. “What would Uganda do without Makerere?” he pondered. Prof. Nawangwe quickly added that the moment was ripe for Makerere to collaborate more with diaspora alumni so as to tap into fast-evolving niches such as blockchain.
Prof. Barnabas Nawangwe.
Convocation’s Strategic Role
MUC Chairperson CPA George Mugabi Turyamureeba outlined the Convocation’s mission to support the university’s growth and well-being. He highlighted innovations such as the Convocation House, the annual luncheon for first-class graduates and their parents, mentorship programs, and the MUC SACCO as initiatives that his team had established and promoted during the term so far. The Chairperson nevertheless urged the CEOs present to enable the Convocation have greater impact collaborating on existing as well as envisaged projects such as the Convocation Innovation Centre.
CPA George Turyamureeba.
Adding her voice, Vice Chairperson Ms. Grace Cherotich Ruto urged participants—described as “movers and shakers” of Uganda’s economy—to ensure that their decisions today would be celebrated by future generations.
CPA George Turyamureeba (Right) and Ms. Grace Cherotich Ruto (2nd Right) and members of the Convocation Team.
Keynote Address: The Journey’s Just Began
In his keynote, Dr. Peter Kimbowa, Founder and Board Chair of the CEO Summit and Makerere alumnus, congratulated his alma mater on the initiative and reaffirmed the Convocation’s strategic role.
He emphasized that the Round Table Summit should not be seen as a one-time event but as an ongoing journey, echoing American Football Player Jalen Hurts’ mantra: “There’s no arrival. Only the journey.” Dr. Kimbowa defined the Convocation as a community of leaders, alumni, and faculty united by heritage and vision. He described it as a bridge connecting:
The past to the future,
Business and industry to academia, and
Learning to market needs.
Dr. Peter Kimbowa.
He stressed that the Convocation’s ultimate goal was to transform Makerere into a self-sustaining engine of innovation, opportunity, and national transformation. Drawing on corporate insights, he challenged participants to always ask “what is the next opportunity?” and warned against complacency. He unpacked the massive transformation purpose structured around five working teams which MUC has developed, whereby corporate chief executives from Uganda are called upon to lead collaboration with the university. He highlighted the importance of mobilizing talent to connect with successful Ugandan alumni, underscoring the need for local CEOs to harness talent in the diaspora. He emphasized deliberate action, mobilization of global alumni talent, and collaboration between CEOs and the university to sustain transformation
Members of Management from Left to Right: Mr. Paul Agaba-Procurement and Disposal Unit, Mr. Simon Kizito-Deputy University Secretary, Prof. Robert Wamala-Director Research Innovations and Partnerships, and Prof. Ruth Nalumaga-University Librarian.
Panel Discussions and Triple Helix Framework
The day’s panel discussion featured Mr. Samuel Mwogeza (Executive Director, Stanbic Bank), Mr. Peter Sibukule (Headmaster, Busoga College Mwiri), Mr. Clovice Bright Irumba (Petroleum Authority of Uganda), and Ms. Grace Cherotich.
Mr. Mwogeza stressed the need to commercialize university prototypes and ideas. He explained that banks like Stanbic use their networks to strengthen innovators’ business cases, preparing them for market entry. Mr. Sibukule on the other hand called for transformation of mindsets right from secondary school level so that students are well primed to communicate, collaborate, uphold integrity and good work attitudes over qualifications in the marketplace. Mr. Irumba highlighted efforts by the PAU to create more opportunities for Ugandan entities to get involved in the oil and gas sector thanks to gaps highlighted by a study undertaken by the Economic Policy Research Centre (EPRC). Ms. Cherotich on the other hand invited CEOs to take interest in research outputs of the Makerere UniversityResearch and Innovations Fund (Mak-RIF) and reassured the audience of the Convocation’s readiness to provide a trusted platform for engagement with industry.
Panelists from Left to Right: Ms. Grace Cherotich Ruto, Mr. Samuel Mwogeza, Mr. Peter Sibukule and Mr. Clovice Bright Irumba with Moderator-Dr. William Tayeebwa.
Contributing to the day’s discussion, Prof. Eriabu Lugujjo, Executive Director of the Uganda Vice Chancellors’ Forum (UVF), reminded the audience of the “Triple Helix” model and it’s underlying policy frameworks that in the recent past guided collaboration between universities, government, and the private sector. He observed Uganda’s lack of a robust framework, and called for policies that tie tax incentives to university support by corporations and other business entities.
Prof. Eriabu Lugujjo.
Proceedings
The inaugural edition of the summit was moderated by Dr. Tayeebwa William from the Department of Journalism and Communication who doubles as Managing Editor Makerere University Press and Dr. Viola Karungi from the Department of Performing Arts and Film (PAF).
Dr. Viola Karungi (Left) and Dr. William Tayeebwa (Right).
The PAF team took charge of the leading the anthems and day’s entertainment, which included a poetic presentation of the Makerere University Anthem.