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Business and financial experts to build a powerful network to end illicit financial flows in Uganda

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Experts in business and financial transactions have appreciated the need to build a powerful network of stakeholders committed to substantially reduce Illicit Financial flows in Uganda. This was during a Public Discourse organised by FIDA Uganda and the Vice Chancellor of Makerere University Prof. Barnabas Nawangwe to discuss the Illicit Financial Flows and their impact on Africa’s economic development. Held on 4th June 2018, the Public Discourse was organised under a theme: “Illicit Financial flow exploring conceptual and practical challenges in Uganda”.

During the intensive discussion, participants from government, civil societies, Non-governmental Organisations, private sector and media said that developing countries and financial centres must collaborate to adopt and enforce policies that promote good governance, tackle corruption and implement transparent tax systems.

Participants also suggested that countries must have the right laws in place with the capacity to implement them. A system for exchanging tax information on preventing tax evaders and money launderers should be initiated and countries should ensure that cross-border financial flows use formal financial systems.

Illicit Financial Flows are cross-border capital movements purposed for concealing illegal activities and evading taxes. (Marc Herkenrath, 2014). It involves money that is illegally earned, illegally transferred, or illegally utilized. According to the President of Global Financial Integrity, Washington DC Dr. Raymond Baker, Illicit money comes in three forms; the proceeds of bribery and theft, the proceeds of criminal activities including drugs, racketeering, and terrorist financing that combined slosh around the globe and the proceeds of tax evasion and laundered commercial transactions.

In a keynote address on Democratic-Capitalism at risk imperilling the 21st Century, Dr. Raymond Baker said that democratic capitalist system has undergone an unrecognisable change over the past half of the 21st Century. To him, today Capitalists have a second hidden motive of facilitating their shadow financial system.

“The primary threat to the democratic capitalist system does not come from corrupt governments or terrorists, but from us and our failure to operate the capitalist system legally and ethically. It is an uphill effort to do this entirely on moral and ethical grounds. To combat illicit financial flows and tax havens, we have to strengthen the laws that regulate the market,” he said.

Illicit financial flows are an increasing concern of resource drainage from Africa. They reduce domestic resources and tax revenue needed to fund poverty-reducing programs and infrastructure in developing countries. They pose a huge challenge to political and economic security. Funds for public priorities are diverted by harmful practices, such as corruption, organized crime, illegal exploitation of natural resources, fraud in international trade and tax evasion.

According to Dr. Raymond Baker, for years, African countries have been severely hit by illicit financial flows. The global financial report released in 2015 clearly indicated that Africa is estimated to be losing more than $50 billion per year in illicit financial flows and Uganda loses an average of $509 million in illicit financial outflows annually.

“This challenge has left behind a very big income gap among individuals and countries, drained hard the currency reserves, heightened inflation, reduced tax collection, worsened income gaps and undermined trade. It has shortened lives for millions of people and deprived existences for billions more. Within the economic realm, as distinguishable from political affairs or environmental constraints, nothing else approaches the harmful effects of massive outflows of illicit money from poor countries to rich countries,” he said.

He noted that there is need for a whole-of-government approach in which all agencies collaborate and share information. “Governments should indicate the beneficial ownership of stolen funds, effectively use the legislation and develop better monitoring systems. There is need for countries to draw attention to their money, provide Entity Identifier Numbers and understand the power of signature,” he stated.

During the Public Discourse held on 4th June 2018, the Ambassador of Denmark to Uganda H.E Mogens Pedersen mentioned that the rate at which Uganda mobilises revenue currently stands at only 13% of the GDP. Therefore there is need for the country to close its revenue leakages given their negative effects to the economic growth.

“In order to facilitate identification of a remedy to this problem, the Danish Embassy has commissioned a study to help us get a better understanding of the nature and extent of Illicit financial flows in Uganda. We hope that this study which will be completed in 3 months will guide both government and development partners to design specific and targeted interventions to fight illicit financial flows. On behalf of Denmark, I want to assure you of our unwavering commitment to engage with the key stakeholders and to support efforts to curb illicit financial flows in Uganda,” the Ambassador said.

The Acting Vice Chancellor of Makerere University Dr. Eria Hisali said, “When talking about the rampant illicit financial flows in Uganda, it’s either the systems such as Human Resource and legal frameworks that are compromised or it has to do with the outright corruption the custodians of our systems.”

He thanked the Danish Embassy to Uganda for sponsoring a study that is geared towards finding the causes and implications of illicit financial flows in Uganda. In the same spirit Dr. Hisali appreciated the keynote speaker Dr. Raymond Baker for his knowledgeable and informative presentation.

He applauded FIDA Uganda and Makerere University for organising the long awaited dialogue and acknowledged the Danish Embassy for the support to ensure its success.

The Chairperson of FIDA Uganda Dr. Damalie E. Naggita-Musoke said that it is high time Ugandans understand the implications of illicit financial flows to the economic development of the country. “We have come to realise that issues that affect societies, women and children have a certain extent of illicit financial flows and resource utilization. Therefore there is a need for us to learn about illicit financial flows not only in the academic sense but also the implication of illicit financial flow generally,” she said.

The Public discourse involved an interactive panel discussion on “Illicit Financial flow exploring conceptual and practical challenges in Uganda”. Moderated by Mr. Charles Odongotho, the panellists included; Hon. Irene Ovonji Odida- the Executive Director of FIDA Uganda, Mr. Ezra Francis Munyambonera- Head of the Macroeconomics Department at Economic Policy Research Centre, Ms. Stella Nyapendi- Assistant Commissioner Board Affairs, Policy and Rulings at Uganda Revenue Authority, Ms. Jane Seruwagi Nalunga-Country Director at SEATINI Uganda and Dr. Robert Mugabe from Makerere University Business School.

Article by Proscovia Nabatte, Mak Public Relations Office.

Elias Tuhereze

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A Legacy That Still Speaks: Announcing the 2025 Emmanuel Tumusime Mutebile Annual Public Lecture

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A Legacy That Still Speaks: Announcing the 2025 Emmanuel Tumusime Mutebile Annual Public Lecture, 3rd December 2025, Main Hall, Makerere University, Kampala Uganda, East Africa.

Inaugurated in 2022, Makerere University is proud to announce the 2025 Emmanuel Tumusime Mutebile Annual Public Lecture. On 3rd December, we will celebrate a legacy that continues to whisper its truth into the future. The legacy of Professor Emmanuel Tumusime Mutebile, a man whose life was defined by discipline, foresight, and an unwavering belief in resilient institutions. The lecture will be hosted in the Main Hall of the Main Building from 2:00 pm to 5:00 pm.

This year’s lecture will be held under the theme:

“Shaping Africa’s Future: Intergenerational Leadership, Economic Resilience & the Power of Innovation.”

This theme emerges at a defining moment for Africa. The continent stands at a crossroads, rich in an ever-growing youthful population, natural resources, and emerging technologies, yet simultaneously challenged by economic volatility, climate pressures, leadership transitions, and widening development gaps. The 2025 lecture, therefore, seeks to move beyond commemoration, positioning itself as a strategic space for reflection, recalibration, and forward-looking action.

Why This Theme Matters Now

The issue of intergenerational leadership is no longer theoretical. With over 60% of Africa’s population under the age of 25, the urgency to intentionally transfer knowledge, values, and leadership capacity from established leaders to emerging ones has become critical. Sustainable transformation depends not just on the leaders of today, but on how effectively they mentor, prepare, and empower those who will steward Africa’s future. The lecture explores how this deliberate bridging of generations can strengthen institutions, safeguard ethical governance, and ensure continuity of vision.

At the same time, Africa’s recent encounters with global economic shocks, debt vulnerabilities, currency instability, and climate-induced disruptions have underscored the necessity of economic resilience. The lecture interrogates what it truly means to build economies that do not merely survive crises but adapt, stabilize, and emerge stronger. It engages with the need for diversified economic structures, credible institutions, sound policy frameworks, and leadership that prioritises long-term stability over short-term political expediency.

Equally central to the conversation is the power of innovation, not just in technology, but in policy design, institutional reform, financial systems, and governance models. Africa’s development challenges demand solutions that are context-responsive, scalable, and future-oriented. The lecture, therefore, examines how innovation can be leveraged as a catalyst for inclusive growth, sustainable financing, industrial transformation, and improved service delivery across sectors.

A Timely Platform for Critical Dialogue

The Emmanuel Tumusime Mutebile Annual Public Lecture continues to stand as a distinguished platform convening leaders and thinkers to advance critical conversations on Africa’s future. The lecture has evolved into a platform that convenes policymakers, academics, financial actors, development practitioners, private sector leaders, and youth voices to interrogate Africa’s future through the lens of principled leadership and strategic thinking. The 2025 edition will further reinforce Makerere University’s role as a convener of thought leadership and national discourse on issues of continental significance.

This annual gathering is not simply a memorial event. It is a deliberate invitation to reflect, question, and reimagine how Africa positions itself in a rapidly evolving global landscape. By centring intergenerational leadership, resilience, and innovation, the 2025 lecture challenges participants to confront the realities of today while designing systems that will serve generations yet unborn.

As Makerere University hosts this landmark conversation, it reaffirms its commitment to producing transformative leaders, advancing knowledge, and shaping policies that respond to Africa’s present and future realities.

The 2025 Tumusiime Mutebile Annual Public Lecture will also be hosted on live stream on the Makerere University YouTube page. Link: https://youtube.com/live/e6Ld-0XYLiw?feature=share

Caroline Kainomugisha is the Communications Officer, Advancement Office, Makerere University

Caroline Kainomugisha
Caroline Kainomugisha

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16 Days of Activism Campaign Unveiled

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Heads of Diplomatic Missions are joined by Dr. Winifred Kabumbuli and Dr. Euzobia Mugisa Baine and other officials for a group photo at the Rugby Grounds on 24th November 2025. Makerere University in partnership with Embassy of Sweden in Uganda and UNFPA in Uganda hosted the "Strides for Change" Activism walk and official unveiling of the 2025 16 Days of Activism campaign on Monday 24th November, 2025.

Makerere University in partnership with the Embassy of Sweden in Uganda and UNFPA in Uganda hosted the “Strides for Change” Activism walk and official unveiling of the 2025 edition of the 16 Days of Activism campaign on Monday 24th November, 2025.

Heads of Diplomatic Missions are joined by Dr. Winifred Kabumbuli and Dr. Euzobia Mugisa Baine (Right) as they march with the banner along Mary Stuart Road. Makerere University in partnership with Embassy of Sweden in Uganda and UNFPA in Uganda hosted the "Strides for Change" Activism walk and official unveiling of the 2025 16 Days of Activism campaign on Monday 24th November, 2025.
Heads of Diplomatic Missions are joined by Dr. Winifred Kabumbuli and Dr. Euzobia Mugisa Baine (Right) as they march with the banner along Mary Stuart Road. Courtesy Photo.

The event was graced by Heads of Diplomatic Missions from Sweden, Australia, Ireland and Germany alongside representatives from UNFPA and UN Women. The dignitaries were received on behalf of Makerere University by the Vice Chancellor, Prof. Barnabas Nawangwe represented by the Dean of Students, Dr. Winifred Kabumbuli together with the Chief Gender Mainstreaming Officer, Dr. Euzobia Mugisha Baine.

Dr. Winifred Kabumbuli represented the Vice Chancellor. Makerere University in partnership with Embassy of Sweden in Uganda and UNFPA in Uganda hosted the "Strides for Change" Activism walk and official unveiling of the 2025 16 Days of Activism campaign on Monday 24th November, 2025.
Dr. Winifred Kabumbuli represented the Vice Chancellor. Courtesy Photo.

Makerere University remains dedicated to creating a safe, inclusive environment and promoting gender equality. Each of us has a role in building a society free from violence,” read the Vice Chancellor’s message.

Present to ensure that the students’ voice was heard loud and clear were members of the 91st Students Guild led by their President H.E. Churchill James Ssentamu. The “Strides for Change” walk that commenced at the CCE roundabout was led by the Heads of Diplomatic Missions and members of Management was at Mary Stuart Hall handed over to the Student leaders who carried the banner all the way to the Impis Rugby Grounds for the rest of the activities.

H.E. Churchill James Ssentamu alongside other Student Leaders hold the "Strides for Change" banner at Mary Stuart Hall. Makerere University in partnership with Embassy of Sweden in Uganda and UNFPA in Uganda hosted the "Strides for Change" Activism walk and official unveiling of the 2025 16 Days of Activism campaign on Monday 24th November, 2025.
H.E. Churchill James Ssentamu alongside other Student Leaders hold the “Strides for Change” banner at Mary Stuart Hall. Courtesy Photo.

Of significant importance was the announcement of Makerere University‘s Dr. Jimmy Spire Ssentongo and Dr. Amon Ashaba Mwiine among sixteen (16) male changes chosen to champion the fight against gender-based violence.

Dr. Jimmy Spire Ssentongo alongside some of the Male Change Makers. Makerere University in partnership with Embassy of Sweden in Uganda and UNFPA in Uganda hosted the "Strides for Change" Activism walk and official unveiling of the 2025 16 Days of Activism campaign on Monday 24th November, 2025.
Dr. Jimmy Spire Ssentongo alongside some of the Male Change Makers. Courtesy Photo.

Mak Editor

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Strengthening South-South Academic Partnerships: Makerere University and Binary University Chart a Strategic Path for Innovation, Entrepreneurship and Women’s Leadership

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A group photo from the left; Puan Sri Datin, Prof. Dr. Rohini Devi, Tan Sri Dato Professor Joseph Adaikalam, Prof. Barnabas Nawangwe, Prof. Sarah Ssali and Al‑Haj Habib Kagimu, Honorary Consul to Malaysia. Makerere University has started preliminary discussions with Binary University of Management and Entrepreneurship (Malaysia) to deepen its global partnerships through high-level engagements, aimed at fostering innovation-driven education, entrepreneurship, and women’s leadership, Main Building, 21st November 2025, Kampala Uganda, East Africa.

A New Chapter in Uganda–Malaysia Higher Education Collaboration

Makerere University has started preliminary discussions with Binary University of Management and Entrepreneurship (Malaysia) to deepen its global partnerships through high-level engagements, aimed at fostering innovation-driven education, entrepreneurship, and women’s leadership. Chaired by the Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, the meeting explored a structured framework for collaboration that responds to Uganda’s urgent need for skills development, job creation, and industry-aligned learning.

This emerging partnership reflects a shared vision: to move beyond traditional academic models towards a practical, industry-integrated, and entrepreneurship-focused education system that equips graduates with real-world skills and global competitiveness.

Responding to Uganda’s Employment Challenge Through Entrepreneurship

“While chairing the meeting, Prof. Sarah Ssali noted that Makerere University and other Universities, together, currently graduate over 35,000 students annually, yet the private sector creates only about 700 new jobs per year. With an expanding population and intense job competition, where a single vacancy can attract over 4,000 applicants, the urgency for alternative employment pathways is clear.

Makerere’s Innovation Hub and Centre for Entrepreneurship have become critical pillars in addressing this challenge. Through platforms such as the Innovation Expo, now in its third edition and featuring over 600 student exhibitions, the university continues to nurture problem-solvers, innovators, and job creators. This ecosystem aligns strongly with Binary University’s entrepreneurial philosophy, making the Centre for Entrepreneurship a natural anchor point for collaboration.

Binary University’s Industry Specialist Professional (ISP) Model

Binary University brings a unique global model that directly integrates industry practitioners into the classroom. Its Industry Specialist Professional (ISP) programme, operational since 1999, ensures students graduate with skills tailored to specific industry needs. Industry experts with decades of practical experience teach across disciplines such as: Artificial Intelligence and Data Analytics, Oil and Gas, Renewable Energy, Engineering, Film and Media Production to mention but a few.

“ With over 10,500 practising entrepreneurs in its ecosystem in Malaysia, Binary offers students direct mentorship and exposure to active business environments, ensuring graduates are not only employable but also entrepreneurial.” Tan Sri Dato Professor Joseph Adaikalam, the Executive Chairman and Founder, Binary University of Management and Entrepreneurship, noted.

Tan Sri Dato Professor Joseph Adaikalam signs the Vice Chancellor’s Visitor’s book. Makerere University has started preliminary discussions with Binary University of Management and Entrepreneurship (Malaysia) to deepen its global partnerships through high-level engagements, aimed at fostering innovation-driven education, entrepreneurship, and women’s leadership, Main Building, 21st November 2025, Kampala Uganda, East Africa.
Tan Sri Dato Professor Joseph Adaikalam signs the Vice Chancellor’s Visitor’s book.

Key Areas of Proposed Collaboration

The discussions outlined a structured and scalable partnership model anchored on the following areas:

1. Dual and Joint Degree Programmes

  • 2+2 Joint Bachelor’s Degrees in specialised fields through an International Department structure.
  • 1+1 Joint Master’s Programmes including: MBA for Engineers, Renewable Energy MBA and Semiconductor MBA
  • Dual award systems to ensure international recognition and student mobility.

2. PhD and Staff Development Programmes

  • Winter/Summer PhD models in Renewable Energy and Waste Management
  • Nominated students to benefit from 50% tuition waivers
  • PhD pathways tailored for academic staff development

3. Executive Development Programmes (EDPs)

High-impact, short-term programmes targeting senior leaders, featuring joint certification with a focus on AI for CEOs, Global Issues & Entrepreneurship. These EDPs are designed to empower leaders with strategic insight into global trends, innovation, and entrepreneurship.

Placing Women’s Leadership at the Centre

A key pillar of the proposed collaboration is engagement with Malaysia’s Centre for Women’s Leadership (CWL), which focuses on empowering women through entrepreneurship and gender compliance mechanisms.

Puan Sri Datin, Prof. Dr. Rohini Devi, the co-founder and Vice Chairman, Binary University, highlighted the unique opportunities this partnership presents for a Joint women’s leadership training initiative, feminist academic exchanges, gender-responsive entrepreneurship models and an initiative to strengthen Makerere’s Institute of Gender Studies as a regional hub.

This aligns with Malaysia’s progressive gender compliance policies for public funding and women’s leadership development, a model that holds strong relevance for African institutions.

Puan Sri Datin, Prof. Dr. Rohini Devi receives a souvenir from the Vice Chancellor, Prof. Barnabas Nawangwe. Makerere University has started preliminary discussions with Binary University of Management and Entrepreneurship (Malaysia) to deepen its global partnerships through high-level engagements, aimed at fostering innovation-driven education, entrepreneurship, and women’s leadership, Main Building, 21st November 2025, Kampala Uganda, East Africa.
Puan Sri Datin, Prof. Dr. Rohini Devi receives a souvenir from the Vice Chancellor, Prof. Barnabas Nawangwe.

Learning from Regional and Global Best Practices

The meeting underscored valuable lessons from global contexts, including Nigeria’s model, where every graduate leaves with a practical vocational skill, Zambia’s Winter-Summer academic model with tuition waivers, Malaysia’s government investment in higher education and entrepreneurship

These case studies reinforce the need for practical skills as survival tools while graduates transition into formal employment or entrepreneurship.

A Win-Win Partnership for the Future

This collaboration is envisioned as a mutually beneficial model that complements Makerere’s academic strengths while leveraging Binary’s industry-driven approach. It will enhance student mobility, staff exchange, joint research, innovation transfer, and entrepreneurship development, all while maintaining strong quality assurance mechanisms.

As Makerere University continues to reimagine higher education in a rapidly changing world, this partnership signals a transformative shift towards globally competitive, innovation-led, and socially responsive learning systems.

With optimism and strategic intent, both institutions commit to open dialogue, structured implementation, and long-term impact. The Makerere-Binary partnership stands as a powerful example of how South-South collaboration can redefine education, accelerate entrepreneurship, and empower future leaders, especially women, for Africa’s development trajectory.

Caroline Kainomugisha is the Communications Officer, Advancement Office, Makerere University.

Caroline Kainomugisha
Caroline Kainomugisha

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