General
East Africa to Explore Business Opportunities from Climate Change
Over 100 participants at the 1st Climate Change and Opportunities for Sustainable Business in East Africa Conference have developed a Communiqué that will be presented at the upcoming United Nations Climate Conference (COP21) in December 2015 in Paris, France.
The Minister of Water and Environment, Hon. Ephraim Kamuntu who is scheduled to lead the Ugandan delegation to the 2015 Climate Change Conference (COP21), officially opened the Kampala Conference held on 12th November 2015 on the theme: Supporting the 2015 Paris Climate Change Conference: Climate Change and Opportunities for Sustainable Business in East Africa.
Hon. Kamuntu commended the Royal Embassy of Norway, Makerere University-Uganda, and University of Bergen-Norway, for organizing the conference aimed at exploring and demonstrating through workable models/approaches that sustainable solutions and technology can be enhanced to create business opportunities for the mutual benefits.
“This Conference is timely; for it presents the East Africans with a platform to discuss and come up with a message on climate change and business opportunities that we would like to be captured by over 190 countries in COP21 in 2015. This is a commendable consultative and participatory approach, and I thank the Embassy of Norway, the University of Bergen in Norway, and Makerere University, Kampala for organizing this important conference,” the Minister said.
In the communiqué, the participants comprising government officials, delegation from East Africa and Norway, members of the private sector, development partners and key industry figures, the academia and media recommended to the United Nations Conference of the Parties Conference (COP21) the following:
- The prioritization and mainstreaming of South-North collaborations especially in the areas of research and innovation that are key to attaining climate-friendly development and eventually developing sustainable business enterprises into national policy frameworks.
- Based on the principle of common but differentiated responsibilities, the urgent streamlining of climate financing initiatives including but not limited to carbon markets to enable up-scaling of existing technologies on a massive scale such as the use of solar energy, wind and thermal resources as well as energy saving clean cooking technologies.
- That the Academia, Private Sector and Government form a strong alliance that commercializes research findings, technology and technology transfer as well as innovative approaches towards climate-smart business opportunities at all levels.
- That Non-Governmental Organizations (NGOs), Faith-based organizations, the private sector and the media embrace networking as a mutually beneficial avenue for sharing and disseminating business programs supported by national and regional policy frameworks as well as build capacity of stakeholders to implement viable climate change and business linkages.
Addressing the participants at Serena Hotel Kampala, Hon. Kamuntu said that the effects of climate change in Uganda are already evident in the agricultural sector; affecting the productivity of seasons which have culminated in adverse effects in combination with increasing population growth rate.
“Uganda’s current growth rate indicates that 60% of the population consists of young people below 18 years and 78% of the population is the youth under 35 years. With this kind of population, it will be a wise opportunity and blessing for the country to invest in and develop skills of these young people in order to have a dynamic labor force for Uganda’s economy. However we must recognize that if this is not handled, the combination of climate change with the increasing population can be a disaster,” he stated.
The Norwegian Ambassador to Uganda H.E Susan Eckey said for the world to be able to find solutions to climate change, countries should develop a system for national reporting.
“In the climate meeting in Lima last year, countries agreed to not only set national goals before the Paris conference but also to enhance necessary action, and we see that countries are willing to do more than before. More than 150 countries responsible for 90% of gas emissions have already set their climate goals. These goals show that the transition to the low emission societies has begun,”she said.
Her Excellency informed the participants that Norway has set three top priorities ahead of the upcoming Paris conference. These include: a long term vision; countries to update and upgrade their climate goals every five years; and a system for national reporting.
Highlighting the issue of temperature change and its adverse impact on human and natural systems, the Rector of University of Bergen, Prof. Dag Rune Olsen said that by the end of this year 2015, the global average temperature may have a positive milestone of about 1 degree Centigrade above industrial levels as predicted by the UK Meteorological Office.
“This climate change has wide spread impact on humans and natural systems. The increase in temperature will also have widespread impact on bio-diversity, food security as well as affect public health. We shall also witness the increase to geo-hazards. The human influence on the climate system is clear and the recent emissions of greenhouse gasses are the highest in history, that leads us to the reasons as to why the upcoming meeting-the COP21 in Paris is important,” he explained.
Prof. Olsen revealed that the Africa Progress Report shows that Africa can seize climate and all energy opportunities. The new research on the climate economy shared by Lord Stern also illustrates the opportunity to transform and expand the supply of hydroelectric solar Power energy in Africa, which will spur development and reduce on the negative environment effects.
According to the Makerere University Vice Chancellor Prof. John Ddumba-Ssentamu, global attention today is focused on climate change as a critical
driver for development. Prof. Ddumba-Ssentamu mentioned that East Africa and Norway have initiated several joint efforts to address the impacts of climate change while harnessing business opportunities.
“The effects of climate change already have profound and irreversible impact on economic social and environmental systems. They are manifested in several forms including drought, erratic rainfall patterns and other extreme weather events that threatens human health and infrastructure, agricultural production and food security, water and other natural resources and sustainability that are the very core of human survival and economic development. It is therefore very urgent that we come up with both mitigation and adaptation majors that will help us to deal with the evolving climate,” he remarked.
During the conference, participants also discussed the effects of climate change on trade and business, social economic opportunities and development, human health, environment and continental prosperity. Through the various discussions and presentations held, the participants indicated that the high prevalence of food shortages faced by East African countries is caused by the high illiteracy rate and unawareness, marketing bottlenecks, poor agricultural practice, resource depletion and degradation.
Giving the East African perspective on mitigation and adaptation strategies carried out by Makerere University so far, Prof. Samuel Kyamanywa noted that the College of Agricultural and Environmental Sciences (CAES) has integrated aspects of climate change at undergraduate level and introduced new regional Masters programmes. He also shared that the College has developed seeds for rangeland forages, drought and disease resistant varieties of crops as well as carried out extensive research on indigenous multipurpose tree species that can absorb carbon dioxide from the environment.
In a presentation titled, Converting the Climate Change message into suitable business, Mr. Ssewagudde Christopher, Representative from Innovation Norway said: “The emerging opportunities for alternative livelihoods, asset building, improving scientific knowledge for value addition projects, up-scaling, replication and sustainability, institution of linkages and the importance of participatory approaches and addressing cross-cutting issues in business like mainstreaming gender, indigenous knowledge, HIV/AIDS, child protection and disability have changed the standards of living as well as creating more business opportunities for East African people.”
The participants recognized that sustainable solutions and technology can be harnessed to create business opportunities for the mutual benefit of East Africa and Norway in line with international targets including the Sustainable Development Goals (SDGs).
They also appreciated the support provided by the United Nations through Intergovernmental Panel on Climate Change (IPCC) and Conference of the Parties towards an international agreement of dealing with the Climate Change adaptation and Mitigation.
During the conference, the Minister of Water and Environment Hon. Ephraim Kamuntu, H.E. Susan Eckey and Prof. John Ddumba-Ssentamu were presented with signed copies of a book entitled Responsible and Profitable: Strategies for Sustainable business models by Authors Sveinung Jørgensen and Lars Jacob Tynes Pedersen. The book connects Business with Climate Change and provides knowledge on how countries can utilize opportunities availed by the current climate change.
Article by: Mak Public Relations Office
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.”
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.”
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.
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.
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.
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.
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.
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.
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
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 University Research and Innovations Fund (Mak-RIF) and reassured the audience of the Convocation’s readiness to provide a trusted platform for engagement with industry.
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.
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).
The PAF team took charge of the leading the anthems and day’s entertainment, which included a poetic presentation of the Makerere University Anthem.
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