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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

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Veteran Professor changed Makerere and Higher Education

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Professor Pancras John Mukasa Ssebuwufu (L) receives a plaque and citation from RUFORUM Board Member and Vice Chancellor Ndejje University-Professor Eriabu Lugujjo (Right) on 6th May 2021 at the RUFORUM Secretariat, Plot 155 Garden Hill, Makerere University Main Campus,

When Professor John Ssebuwufu ambled up to receive a certificate of recognition for his ‘exceptional’ contribution to higher education from the Regional Universities Forum for Capacity Building in Agriculture (RUFORUM) at Makerere University (MU), he was thinking of many things, such as rewarding staff, that he could have done differently to impact university education more.

But he did what he could have done, under the circumstances.

He presided over MU (in 1993) when student enrolment was 5,000 and left in 2004 when the population was surging to more than 15,000.

He emphasised the use of information communication technologies in almost all the institutions he had been involved in and sent many academic staff on exchanges to boost research and innovation. Now, more African universities engage in ground-breaking research.

So, he proceeded to accept his recognition and make his acceptance speech, which was mostly about gratitude.

Ssebuwufu, 74, who is currently the chancellor at Kyambogo University and the vice-chancellor of the University of Kisubi, is credited for his exemplary leadership and pragmatic methods that have shaped higher education in Uganda and Africa as a whole.

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Japan Africa Dream Scholarship (JADS) Program 2021/2022

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Japan Africa Dream Scholarship (JADS) Program 2021/2022. Photo credit: AfDB

The Japan Africa Dream Scholarship (JADS) Program is a capacity building project by the AfDB and Japan which was initiated in 2017 with the aim of providing two-year scholarship awards to highly achieving African graduate students to enable them to undergo post-graduate studies (i.e. a two-year Master’s degree program) in selected priority development areas on the continent and Japan. The overarching goal the AfDB and the Government of Japan seek to attain is to enhance skills and human resources development in Africa in under the Bank’s High 5s agenda (i.e. “Feed Africa”, “Light up Africa”, “Industrialize Africa”, “Integrate Africa” and “Improve the quality of life of the people of Africa”) and key Japanese development assistance initiatives. JADS core areas of study focus include energy, agriculture, health, environmental sustainability, and engineering. The program also seeks to promote inter-university collaboration and university-industry partnerships between Japan and Africa. Upon completion of their studies, the JADS scholars are expected to return to their home countries to apply and disseminate their newly acquired knowledge and skills in the public and private sectors, and contribute to national and continental socio-economic development.

About the JADS program

The JADS Program is open to applicants from AfDB member countries with relevant professional experience and a history of supporting their countries’ development efforts who are applying to a graduate degree program in energy development and related discipline.  The program does not provide scholarships to any other graduate degree program.

The scholarship program provides tuition, a monthly living stipend, round-trip airfare, health insurance, and travel allowance.

Upon completion of their studies, the beneficiary scholars are expected to return to their home countries to apply and disseminate their newly acquired knowledge and skills, and contribute to the promotion of sustainable development of their countries.

Who is Eligible to Apply?

The program is open to those who have gained admission to an approved Masters degree course at a Japanese partner university. Candidates should be 35 years old or younger; in good health; with a Bachelor’s degree or its equivalent in the energy area or related area; and have a superior academic record. Upon completion of their study programs, scholars are expected to return to their home country to contribute to its economic and social development.

Application Procedures

  1. Applicant requests for information and application forms and procedures from the chosen JADS partner university. For any inquiries, please contact JADS@AFDB.ORG
  2. Applicant completes required documents and sends them to the university.
  3. University evaluates and selects applicants.
  4. University sends selected candidates to the AfDB.
  5. AfDB reviews submissions from universities, prepares and approves the final list.
  6. AfDB contacts selected awardees, and informs the universities.

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WHS Regional Meeting Africa 2021: Finance Chairperson’s Update

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Prof. Tonny J. Oyana, Finance Chairperson, World Health Summit Regional Meeting Africa, June 2021.

SOPs: Our plan is to have 200 sets of people in different spacious rooms…

Prof. Tonny j. oyana, finance chairperson whs regional meeting africa

We are sincerely grateful to our sponsors…

Over 15 core sponsors…

Sessions: 60% Virtual, 40% Onsite…

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