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Mak Unlocks its Financial Potential through Property Investment
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.
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.
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.
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 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
Organised by the Makerere Debating Union – a student-led initiative, the Inter-college Debate Tournament was held on 11th and 12th April 2025 with a vision to leave no student behind by nurturing a community of confident, articulate, and visionary leaders who will drive positive change in society. The tournament was held in three preliminary rounds, followed by semi-finals and a grand finale.
The first round covered democracy and youth participation in politics, while the second round covered inequality and wealth distribution, and the third, the ban on export of raw materials. The semi-final round debated apprenticeship for blue-collar jobs, while the grand finale debated national budget allocations for healthcare and education. In the spirit of inclusivity, all colleges, including the Jinja Campus participated in the tournament.
Commenting on the choice of topics, the organisers noted Makerere University as a bastion of academic excellence has a profound responsibility to cultivate the next generation of leaders who will shape the future of our nation. These leaders, they added, ought to be equipped with 21st century skills of self-expression, critical thinking, and problem-solving so as to navigate the complexities of an ever-evolving world.
On the whole, Makerere Inter-college Debates were conceived as a strategic initiative to foster a culture of intellectual curiosity, creativity, and innovation. The Debating Union aims to empower the future leaders by providing a platform for students to engage in respectful discourse, articulate their thoughts, as well as develop their critical thinking and problem-solving skills.
Furthermore, the Debates serve as a platform for not only honing the intellectual prowess of students but also cultivating leadership skills, teamwork, and communication abilities that are essential for success in an increasingly complex and interconnected world. It is envisaged that this initiative will have a lasting impact on the lives of students, by exposing them to debates on topical issues that can shape the mindsets of transformative leaders our nation needs.
After a thrilling two days of debate, Daphine Kemigisha and Jibril Ssekandi from the School of Law (SoL) emerged as winners of the Makerere University Inter-college Debate Tournament 2025, while Olara Emmanuel George from the College of Veterinary Medicine, Animal Resources and Biosecurity (CoVAB) was the Public Speech Champion, and Namujuzi Martha Mociita from the College of Business and Management Sciences (CoBAMS) was the Poetry Champion.
The 2025 Tournament was organized by Mayanja Owen and Nkalubo Oprah – 91st Guild Representative Councils (GRCs) of the Debate Union, Akatwijuka Arthur – Chairperson Debate Union, and Debate Union Representatives from colleges. The Uganda National NGO Forum (UNNGOF) partnered with the Debate Union to deliver the 2025 edition.
Addressing students at the award ceremony, UNNGOF’s Mr. Derrick Baluuku encouraged the youth to step out of their comfort zones and think of solutions to inspire change in their communities.
By Moses Lutaaya
Prof. Mukadasi Buyinza –Ag. Deputy Vice Chancellor (Academic Affairs) has challenged the academia and other professionals to focus their studies on original research that impacts communities and societies locally and globally.
“We want new things, if not new, it is a waste of resources. Be unique in your doctoral (PhD) thesis. Find solutions to societal and global challenges and problems.” Prof. Buyinza who is also the Academic Registrar said.
Prof. Buyinza said this, while giving his keynote address at the orientation program of PhD students for cohort two 2024/2025 at the Food Science Auditorium at Makerere University on Friday 2nd May 2025.
He challenged the students not to fear the new challenge ahead, encouraging them to always seek support. “Reach out to your supervisors and peers. Build formidable networks. Have a PhD group forum as this will enrich your learning and broaden your knowledge and skills.”, he said.
While taking on the tough journey of doctoral studies, Prof. Buyinza told the students to embrace a culture of curiosity, passion and analytical thinking that challenges and critics original thinking of other scholars.
He further encouraged the students to embrace open long-life learning as the academic world keeps evolving. He said, “To benefit from the PhD studies, be ready to continue learning and listen to the professional world so as to acquire a wealthy of experience.”
While pursuing their PhD studies, Prof. Buyinza told the students to balance their doctoral studies with work and life saying, “Take care of your physical and social being. Be resilient and patient to avoid mental breakdown.”
In a related development, the Makerere university librarian Dr. Ruth Nalumaga challenged the students to take advantage of the university library resources while pursuing their doctoral studies.
“The university library has all the books you need to read and pass. Let us utilize it to its full potential. All libraries are always open to all of you.” She added.
The orientation program organised by the Directorate of Graduate Training is an initiative that opens a new academic chapter for all incoming PhD students, aimed at equipping the learners with the required tools of trade.
The Director Graduate Training (DGT) Prof. Julius Kikooma while addressing the incoming PhD students said that in the next five years, Makerere University has targeted achieving 30% of students enrolment on graduate training especially graduate studies. Its current enrolment is 19.4%.
“Initially, we used to have one intake for PhD students a year, we now have two intakes. Our focus is to have over 30% of the university students pursuing doctoral degrees.” Prof. Kikooma said.
On admissions, Prof. Kikooma noted “Currently once admitted, you now become a full PhD student. In the old system, one would be admitted provisionally and would be required to take over 6 months doing a proposal with an assigned supervisor which would be admissible to the PhD program.”
To achieve the 30% enrolment of graduate students, Prof. Kikooma noted that the University had undertaken numerous policy changes to guide graduate research and more specifically doctoral research.
Amongst which, he highlighted a new University research agenda with 9 (nine) priority areas including working with key government departments and engaging in research that solves society challenges.
He noted that in a knowledge economy, transformation of societies and communities is vital, noting that this can only be achieved by increasing the number graduate students.
Under the orientation theme, “Defining tomorrow, supporting doctoral students and shaping the future”, Prof. Kikooma emphasised to the PhD students that PhD is a life changing journey, and it is a turning point for their career and personal growth.
He noted to the students that the Directorate of Graduate Training was ready to guide all of them throughout their entire PhD process, “You all have the potential and once registered, you will have the support of our experienced staff. Makerere University is happy to be part of your academic journey and believes this will be a rewarding experience.” Prof. Kikooma added. Makerere University, Uganda’s oldest and biggest education institution received over 534 PhD applications in different disciplines and only 171 students were admitted for cohort II of the Academic Year 2024/2025.
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