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Mak Unlocks its Financial Potential through Property Investment

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On 5th December 2017, hundreds of potential investors convened at Serena Hotel Kampala to participate in the Makerere University Property Investor Conference organized by the Makerere University Holdings Limited (Mak Holdings Limited).

Officially opened by the Chancellor Prof. Ezra Suruma represented by the Chairperson of Council Eng. Dr. Charles Wana Etyem, the conference attracted national, regional and international property development stakeholders including financiers, developers, advisors, fund managers, investment managers and introduced them to grand investment opportunities of more than 32 acres of Makerere University Prime land that awaits development. The prime land is located in three areas of Kampala that is the Main Campus, Kololo and Makindye; upscale of the Kampala suburb.

Chaired by Dr. Charles Mbire, the Mak Holdings Limited Board of Directors consists of the following members: Mr. Charles Ocici, Prof. William Bazeyo, Ms. Ruth Biyinzika Musoke, Mr. Dan Kasirye, Dr. Winifred Tarinyeba-Kiryabwire and Dr. Gorrettie Nsubuga Nabanoga.

L-R: Chair Council-Eng. Dr. Charles Wana-Etyem, DVCFA-Prof. William Bazeyo and Vice Chancellor-Prof. Barnabas Nawangwe share a light moment during the Investors Conference

Addressing investors at the conference, Dr. Charles Mbire said that Makerere University is looking for potential investors who have the key to unlock the University investments to enable the proposed projects to take off. “We are looking for bidders to bring forward innovative plans for financing and implementing the project, including investment of their own or in collaboration with others, to maximize the project benefits,” he said.

The projects are envisaged to diversify the university financial resources and transform the institution into a modern university of the 21st century.  The projects to be undertaken include;
Project 1: Conference Centre and 3-Star Hotel at the current Makerere University Guest House
Project 2: 5 Star Luxury Hotel, Commercial Centre and Upmarket Apartments – Kololo
Project 3: Gated Community and Upmarket Apartments – Makindye
Project 4: Student Accommodation at Makerere University Main Campus
Project 5: Student Centre at Makerere University Main Campus among others

Dr. Mbire remarked that the property development shall be undertaken by means of private sector participation and investment and Mak Holdings Limited is duly mandated and authorized to evaluate, procure and oversee the projects.  The envisaged project structure is for a development lease of 49 years with a lease premium and annual lease paid up by the project company.

L-R: Dr. Gorettie Nabanoga, Ms. Ruth Biyinzika Musoke, Mr. Cyriaco Kabagambe, Prof. Edward Kirumira, Eng. Christina Kakeeto, Mr. Frank Kitumba at the Investors Conference

The Project will be implemented as a developmental lease contractual arrangement wherein the private proponent will be required to design, construct and finance the project facilities and assume construction related risks arising from cost overruns, delays and other performance risks connected to construction.

“This is a Build, Operate and Transfer venture where after 49 years, all the developments on the land will be transferred to Makerere University.  The investors are expected to recover their capital investment on the land between 7-10 years and start enjoying the profits for the rest of the years,” he said.

In a speech read by the Chairperson of Makerere University Council, Eng. Charles Wana Etyem, the Makerere University Chancellor Prof. Ezra Suruma, commended the move by the University to diversify the resources through private-public investor partnerships.  

“At Makerere University, we are renowned for teaching; our academic skills and talent are commendable.   However, with this conference we want to chart out new territories that will ensure that the University which is at the forefront of Uganda’s Innovation can reach its full financial potential,” he said.  

Some of the Bidders and their representatives that attended the First Ever Makerere University Property Investor Conference, 5th December 2017, Kampala Serena Hotel

The Chancellor recognized the visionary leadership of Eng. Dr. Charles Wana Etyem during the process of resourcing finance for the University. He thanked Prof. Nawangwe and the Management team for setting a new precedent in the great history of Makerere University and the country at large. He thanked the Chair Board Mak Holdings Limited Dr. Mbire as well as the Planning and Development Department for the milestone and great contribution towards a successful investor’s conference.

Over the past few decades, Makerere University has been facing financial challenges amidst abundance of resources. According to the Vice Chancellor Prof. Barnabas Nawangwe, Makerere University has for so many years depended on Government and donor funding which is inadequate given the enormous resources required to implement University activities.

According to Prof. Nawangwe, there is a need for Makerere University to revamp its financial resources and ensure that the institution becomes financially sustainable if it is to transform into a modern university.

Makerere University is one of the best universities in Africa and world at large. We pride to be the top research institution in Africa, we are destined to be the prime movers of our country and our continent however, we can only do that when we are financially stable,” the Vice Chancellor said.

The Cake cutting ceremony at the Property Investor Conference was carried out by Prof. Barnabas Nawangwe, Hon. Irene Ovonji-Odida, Eng. Dr. Charles Wana-Etyem and Dr. Charles Mbire as L-R: Prof. William Bazeyo, Dr. Gorettie Nabanoga, Ms. Ruth Biyinzika Musoke, H.E. King Caesar Augustus Mulenga and Dr. Charles Ibingira witness during the Investors Conference

The Acting Deputy Vice Chancellor in charge of Finance and Administration, Prof. William Bazeyo welcomed the investors and assured them of the university support and necessary information they need during the process of securing investment bids and proposals.

“I would like to assure you that the project potential is big and we will do anything possible to make sure that you find minimum constraints in these projects.  As the Management we are ready to work with you, as we transform Makerere University and Uganda at large,” he said.

In a presentation, Judy Rugasira Kyanda, the Managing Director of Knight Frank-a leading independent real estate consultancy in Uganda, said there is potential for viable investment on all Makerere University land and properties.

Article By: Mak Public Relations Office

Mark Wamai

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Medical graduates urged to uphold Ethical values

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Dr. Maggie Kigozi delivers the Commencement Speech on Day 2 of the 76th Graduation Ceremony. 76th Graduation Ceremony, Day 2, College of Natural Sciences (CoNAS), the College of Veterinary Medicine, Animal Resources and Bio-Security (CoVAB), the College of Health Sciences (CHS) and the School of Public Health (SPH). Commencement Speaker-Dr. Margaret J. Kigozi, Makerere University Endowment Fund Chairperson. 25th February 2026, Freedom Square, Kampala Uganda, East Africa.

The Board Chairperson of the Makerere University Endowment Fund (MakEF), Dr. Margaret Blick Kigozi, has urged graduands in Health and Life Sciences to uphold professional ethics and serve humanity with diligence and compassion.

Her appeal came during the passing out of graduates from the College of Natural Sciences (CoNAS), the College of Veterinary Medicine, Animal Resources and Bio-Security (CoVAB), the College of Health Sciences (CHS) and the School of Public Health (SPH) on Day Two of the 76th Graduation Ceremony of Makerere University.

 “Class of 2026, you are now part of the Makerere legacy. Wherever you go clinics, laboratories, farms, boardrooms, or classrooms, you carry this institution with you. Serve your patients with skill and compassion. Care for animals and communities responsibly. Question boldly and keep learning,” Dr Kigozi, said.

Delivering the commencement address, Dr. Kigozi lauded the graduates for their dedication to careers that directly impact lives and communities. She encouraged them to use their knowledge generously and exercise their power gently.

 “Your education has trained you to ask better questions. Your humanity must guide the answers. Never forget that behind every chart, every case, every animal, every experiment, there is life. And life deserves care, patience, and dignity. Give every person you come in contact with care, patience and dignity,” Dr Kigozi, noted.

As the graduates embark on their professional journeys, Dr. Kigozi emphasized the importance of cultivating basic business acumen and financial literacy to ensure sustainability in their work.

R-L: Vice Chancellor-Prof. Barnabas Nawangwe, Dr. Maggie Kigozi, Vice Chair Council-Rt. Hon. Daniel Kidega and Chair Council-Dr. Lorna Magara in the Academic Procession. 76th Graduation Ceremony, Day 2, College of Natural Sciences (CoNAS), the College of Veterinary Medicine, Animal Resources and Bio-Security (CoVAB), the College of Health Sciences (CHS) and the School of Public Health (SPH). Commencement Speaker-Dr. Margaret J. Kigozi, Makerere University Endowment Fund Chairperson. 25th February 2026, Freedom Square, Kampala Uganda, East Africa.
R-L: Vice Chancellor-Prof. Barnabas Nawangwe, Dr. Maggie Kigozi, Vice Chair Council-Rt. Hon. Daniel Kidega and Chair Council-Dr. Lorna Magara in the Academic Procession.

 “You do not need to become accountants but you must be able to read the essentials: understand simple financial statements, budgets and key metrics so you can judge whether a clinic, lab, or program is sustainable. You are encouraged to start your business. There are numerous investment opportunities in your areas of training. You can provide services to our people and create jobs,” Dr Kigozi, said.

She shared candidly how, when she first stepped into leadership, she realised she did not understand balance sheets or budgets well enough. So, she returned to Makerere for short courses to strengthen herself.

“A well-run Hospital, clinic or lab delivers better outcomes, attracts staff, and secures funding. Business savvy is not only about profit, it’s about sustainability and the freedom to serve ethically and effectively. Carry clinical skill with business sense so your work endures and grows,” Dr. Kigozi, noted.

Quoting renowned writer and producer Shonda Rhimes, creator of Grey’s Anatomy, who once reflected that succeeding in one area of life can sometimes mean falling short in another, Dr. Kigozi encouraged women graduates to intentionally balance professional ambition with family responsibilities.

 “When one area thrives, another is often under strain. When Navio was graduating from school I had to manage the Presidential Investor Round Table on the same day as Executive Director Uganda Investment Authority. I chose my job and delegated his siblings to attend Navios graduation. I learnt from this. I choose family always after that thing you achieve once and keep forever,” Dr Kigozi, said.

In his speech, the Prof Barnabas Nawangwe, the Vice Chancellor, informed the congregation that Makerere’s ranking on all university ranking platforms has remained stable, placing Makerere among the top 10 African universities and within the top 4.5% globally.

“In the Times Higher Education global ranking, Makerere University made a formidable jump from the 1200-1500 bracket to the 800-1000 bracket. This was no mean achievement and I congratulate all members of the Makerere Community on this stellar performance,” Prof Nawangwe, said.

Carol Kasujja
Carol Kasujja Adii

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Graduation marks the next phase of accountability, graduates told

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Left to Right: Prof. Barnabas Nawangwe,Prof. Nicholas Ozor, Rt. Hon. Daniel Kidega, Dr. Lorna Magara, Hon. Dr. Joyce Moriku Kaducu, Ms. Anthea Ampaire and Hon. Dr. Crispus Kiyonga in the academic procession. 76th Graduation Ceremony, Day 1, CAES, CoCIS, CEES and School of Law. Commencement Speaker-Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network, Nairobi, Kenya. 24th February 202, Freedom Square, Makerere University, Kampala Uganda, East Africa.

“A degree is not a finish line. Graduation is not the end of learning, It is the beginning of accountability,” Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network Nairobi, Kenya (ATPS), said.

Delivering a keynote address under the theme ‘Knowledge with purpose’, during Makerere University’s 76th graduation ceremony on Tuesday 24th February, Prof Ozor, challenged graduates to see their degrees not as status symbols, but as instruments of responsibility.

In his speech, he painted a candid picture of the world the graduates are stepping into, one marked by climate change, technological disruption, inequality, food insecurity and the rapid spread of misinformation. Yet rather than framing these challenges as obstacles, he described them as opportunities for purposeful leadership.

“Into this world, you step, armed with knowledge, credentials, and potential. Your degrees do not make you better than others. They make you responsible for others,” Prof Ozor, said.

Addressing graduands from College of Agricultural and Environmental Sciences (CAES)
College of Computing and Information Sciences (CoCIS), College of Education and External Studies (CEES) and School of Law (SoL), Prof. Ozor tailored his message to each field of study.

To graduates of the School of Law, he described the legal profession as a moral calling, urging them to use the law to protect the vulnerable and uphold justice with courage.

“Uganda, Africa, and the world do not need lawyers who only know how to argue. They need lawyers who know why they argue. Use the law to protect the weak, not intimidate them. Use your knowledge to defend justice, not delay it. Let integrity define your reputation not merely your résumé,” Prof Ozor, said.

For graduands who might feel that shortcuts will be tempting and silence will feel safer than truth, Prof. Ozor reminded them that justice does not need clever people, but courageous ones.

To the College of Education and External Studies, he underscored the transformative power of teachers, reminding them that classrooms shape nations long before policies do.

“Every nation rises and falls on the quality of its teachers. Never underestimate the power of a classroom. Teach not only for examinations, but for understanding. Teach not only content, but character. Teach learners how to think not what to think. Education is quiet work but its impact echoes across generations,” Prof Ozor, noted.

He called upon graduands from the College of Computing and Information Sciences, to use technology to solve African problems, not merely to imitate foreign solutions.

“Technology is powerful, but it is not neutral. Every line of code carries values. Every system you design affects real lives. Build for inclusion. Build for accessibility. Build for truth. Do not let innovation outrun ethics. The future will not belong to those who know the most technology, but to those who use it wisely,” He noted.

During the ceremony, Prof Ozor announced that the African Technology Policy Studies Network is offering PhD scholarships and postdoctoral fellowships in Artificial Intelligence, inviting deeper collaboration with Makerere.

For graduates of the College of Agricultural and Environmental Sciences, he highlighted their critical role at the intersection of sustainability and survival, calling on them to blend indigenous knowledge with scientific innovation to secure Africa’s food systems and protect its ecosystems.

In closing, he reminded graduands that their integrity will open doors their degrees cannot, their humility will teach them lessons success never will, and their resilience will matter more than their grades.

Five principles to be remembered:

  1. Embrace lifelong learning. The world changes too fast for static knowledge.
  2. Choose purpose over comfort. Impact matters more than income.
  3. Build character before career. Skills get you hired; character sustains you.
  4. Serve something larger than yourself. Give back to your communities and your country.
  5. Believe in Africa, and act. Do not wait for solutions from elsewhere. Be the solution.

Carol Kasujja
Carol Kasujja Adii

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Over 9,200 to graduate at Makerere University’s 76th Graduation

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The Chief Guest-Hon. Dr. Joyce Moriku Kaducu who represented the First Lady and Minister of Education and Sports followed by Mace Bearer-Ms. Anthea Ampaire and the Chancellor-Hon. Dr. Crispus Kiyonga makes her way into the Freedom Square. 76th Graduation Ceremony, Day 1, CAES, CoCIS, CEES and School of Law. Commencement Speaker-Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network, Nairobi, Kenya. 24th February 202, Freedom Square, Makerere University, Kampala Uganda, East Africa.

Pomp and colour defined the opening day of the Makerere University’s 76th Graduation Ceremony as thousands gathered to celebrate academic excellence and new beginnings.

The historic ceremony has brought together scholars, families, friends and industry partners in a vibrant celebration of achievement and possibility. Throughout the four-day event, the University will confer degrees and award diplomas to 9,295 graduands in recognition of their dedication and hard work.

Among the graduates, 213 will receive Doctor of Philosophy (PhD) degrees, 2,503 will graduate with Master’s degrees, and 6,343 will earn Bachelor’s degrees. In addition, 206 students will graduate with postgraduate diplomas, while 30 will be awarded undergraduate diplomas.

Of the total number of graduands, 4,262 are female and 5,033 are male. According to Vice Chancellor, this marks the first time in 15 years that male graduands have outnumbered their female counterparts.

The best overall graduand in the Sciences, Esther Ziribaggwa, graduated on the opening day with the Bachelor of Agricultural and Rural Innovation and an impressive Cumulative Grade Point Average (CGPA) of 4.77.

Best Overall Student in the Sciences-Esther Ziribaggwa accompanied by her parents and the Chairperson Convocation-Mr. George Turyamureeba receives a cheque from the Chancellor. 76th Graduation Ceremony, Day 1, CAES, CoCIS, CEES and School of Law. Commencement Speaker-Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network, Nairobi, Kenya. 24th February 202, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Best Overall Student in the Sciences-Esther Ziribaggwa accompanied by her parents and the Chairperson Convocation-Mr. George Turyamureeba receives a cheque from the Chancellor.

The ceremony marks a proud moment for Makerere University as it continues to nurture top-tier professionals across diverse fields.

While presiding over the graduation, the State Minister for Primary Education, Hon. Dr. Joyce Moriku Kaducu, on behalf of the First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni, pointed out that Makerere University is a model institution, where leaders are nurtured, scholars are sharpened, and where dreams have been given direction.

In her address, Hon. Museveni, highlighted Government’s deliberate investment in research, innovation, and infrastructure to strengthen higher education in Uganda.

“The establishment of the Makerere University Research and Innovation Fund (RIF), supports high-impact research and innovation that directly contributes to national priorities and development. Through this initiative, thousands of researchers and innovators have pursued practical, scalable solutions that are transforming communities and key sectors across Uganda,” Mrs Museveni, said.

The Minister also noted that Parliament’s approved a USD 162 million concessional loan to upgrade science, technology, and innovation infrastructure at Makerere University. The funding will facilitate the construction of modern laboratories, smart classrooms, and state-of-the-art facilities for Engineering and Health Sciences, investments expected to position the University firmly within the Fourth Industrial Revolution.

“Government has embarked on the construction of a National Stadium at Makerere University and other institutions of higher learning across the country. This will promote physical education, strengthen talent identification, and boost investment in the sports sector,”

Hon. Dr. Joyce Moriku Kaducu. 76th Graduation Ceremony, Day 1, CAES, CoCIS, CEES and School of Law. Commencement Speaker-Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network, Nairobi, Kenya. 24th February 202, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Hon. Dr. Joyce Moriku Kaducu.

Turning to the graduands, the Minister encouraged them to see themselves not merely as job seekers, but as job creators and solution-makers.

Uganda and Africa need innovators who will modernize agriculture; engineers who will build quality infrastructure; healthcare professionals who will strengthen health systems; and educators who will inspire the next generation,” the Honourable Minister said.

She reminded graduates that they are entering a rapidly changing world shaped by Artificial Intelligence, climate change, and shifting global markets. To thrive, she advised them to remain adaptable, creative, and committed to lifelong learning.

She also encouraged graduates interested in entrepreneurship to tap into the Government’s Parish Development Model, which provides community-based financing and production support.

Quoting Proverbs 3:5–6, the Minister urged the graduates to trust in God as they embark on their next chapter.

She extended special appreciation to the Mastercard Foundation for its 13-year partnership with Makerere University in expanding access to education and empowering young people in Uganda and beyond.

In his speech, the Chancellor of Makerere University, Dr Crispus Kiyonga, urged graduands to harness research, innovation and technology to drive Uganda’s transformation.

Hon. Dr. Crispus Kiyonga (Right) congratulates PhD Graduate-Dr. Patrick Emmanuel Muinda (Left). 76th Graduation Ceremony, Day 1, CAES, CoCIS, CEES and School of Law. Commencement Speaker-Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network, Nairobi, Kenya. 24th February 202, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Hon. Dr. Crispus Kiyonga (Right) congratulates PhD Graduate-Dr. Patrick Emmanuel Muinda (Left).

“This is a milestone in your lives. You have invested time, discipline and hard work to attain these qualifications. It is important that you derive value from this achievement, not only for yourselves, but for your families and for society.” Dr Kiyonga, said.

Dr. Kiyonga expressed gratitude to the Government of Uganda for its continued financial support to the University, particularly the funding allocated under MakRIF, which he described as critical in strengthening the institution’s research capacity.

“Research plays a very vital role in the development of any community. Makerere as the oldest University in the country is doing a significant amount of research, However, more work is required to mobilize additional resources to further strengthen research at the University.” Dr Kiyonga, noted.

Acknowledging the challenges of a competitive job market, Dr. Kiyonga encouraged graduates to think beyond traditional employment pathways.

“It is true that the job market may not absorb all of you immediately. But the knowledge you have acquired is empowering. You can create work for yourselves, individually or in teams.” Dr Kiyonga, said.

He advised the graduands to embrace discipline, integrity and adaptability in the workplace, and to take advantage of technology and digital platforms to innovate and respond to societal challenges.

“Every development challenge presents an opportunity. Believe that you can apply your knowledge to create solutions with impact.” He said.

Addressing the congregation, the Vice Chancellor, Prof Barnabas Nawangwe, congratulated the graduands, particularly staff and societal leaders on their respective achievements.

Prof. Barnabas Nawangwe. 76th Graduation Ceremony, Day 1, CAES, CoCIS, CEES and School of Law. Commencement Speaker-Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network, Nairobi, Kenya. 24th February 202, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe.

“I congratulate all our graduands upon reaching this milestone. In a special way I congratulate the members of staff, Ministers, and Members of Parliament that are graduating today as well as children and spouses of members of staff,” Prof Nawangwe, said.

In his speech, Prof Nawangwe, recognized outstanding PhD students, particularly members of staff. who completed their PhDs in record time without even taking leave from their duties.

He called upon graduates not to despise humble beginnings but rather reflect on the immense opportunities around them and rise to the occasion as entrepreneurs.

“You are all graduating with disciplines that are needed by society. We have equipped you with the knowledge and skills that will make you employable or create your own businesses and employ others. Do not despair if you cannot find employment. Instead, reflect on the immense opportunities around you and rise to the occasion as an entrepreneur,” Prof Nawangwe, said.

Prof Nawangwe called upon the graduands of PhDs to use their degrees to transform the African continent. 

“As you leave the gates of Makerere I urge you to put to good use the knowledge you have received from one of the best universities in the World to improve yourselves, your families, your communities, your Country and humanity. Let people see you and know that you are a Makerere alumnus because of the way you carry yourself in society with dignity and integrity. Put your trust in God and honour your parents and opportunities will be opened for you,” Prof Nawangwe, said.

Delivering a key note address, Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network Nairobi, Kenya ((ATPS).  Reminded the graduates that a degree is not a finish line but the beginning of accountability. “The world is a complex, fast changing and deeply unequal. Degrees make you responsible for others not better than them,” Prof Ozor, said. 

Carol Kasujja
Carol Kasujja Adii

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