On 20th January 2016, the MasterCard foundation at Makerere University organized a flourish party for the First Cohort Scholars who graduated during the 68th Makerere University graduation. The highly colorful ceremony was attended by parents/guardians, Mastercard Foundation Project Implementation Team, Makerere University Management among other invited guests to celebrate the academic achievement of the Scholars.
Clad in their official graduation gowns, Scholars were ushered in the Makerere University Main Hall amidst applause from the overwhelmed audience. The overjoyed students could not hide their happiness as the School of Performing Arts and Film was invited to entertain the guests.
28 first cohort Scholars graduated during the 68th Graduation Ceremony of Makerere University held from Tuesday 16th to Friday 19th January 2018 in the University’s Freedom Square. One of the Scholars, Claire Muga Akinyi graduated with a First Class Honours degree in Community Psychology.
Presiding over the Graduation Party held on Saturday 20th January 2018 in the University Main Hall, the Chairperson of Makerere University Council, Eng. Dr. Charles Wana-Etyem congratulated the 1st Cohort MCF Scholars upon this milestone, advised Scholars to be disciplined, focus on excelling in different aspects of life and be useful citizens to the country.
“I am pleased that the graduates have been transformed by the education received … you came here naïve, but listening to the testimonies from the MCF Graduates this afternoon, you are now confident and positive about the future,” he said. “I am pleased that the graduates used their opportunity well.”
Eng. Dr. Wana-Etyem exalted MCF for supporting the students and the University as well as the country. “The graduates are an asset to Uganda, while the money received from MCF is also used to support other students through another scholarship programme, so we are grateful for the effort.”
He appealed to the parents to encourage their children to study hard. “If it was not for education you would not have met me,” he added.
The Vice Chancellor Prof Barnabas Nawangwe, challenged the graduates to be more determined to succeed. “You must consider yourselves privileged because you came from a less privileged background … 85% of the first cohort have graduated, including a first-class degree, which is a major success.”
In 2013, Makerere University partnered with Mastercard Foundation to offer scholarships to 1,000 academically bright but economically disadvantaged youth from Africa to study at Makerere University.
According to Prof. Nawangwe, the partnership owes a lot to its two main champions, who include the former chancellor, Prof. George Mondo Kagonyera and the former programme coordinator, Ms Catherine Kanabahita, who designed the base framework of the partnership.
“It was Prof. Mondo Kagonyera, who was attending a conference in India, who made the first call and persuaded Mastercard to partner with Makerere University,” he said. “If he had returned to Kampala after the workshop, no one would have known about it.”
He also applauded Ms Kanabahita, who has since been succeeded, Dr Florence Nakayiwa.
The Vice Chancellor thanked the MCF Advisory Board, MCF Steering Committee, MCF Project Implementation Team and the Mentors for the selfless service rendered.
For his part, Prof Kagonyera explained why he made the call to persuade Mastercard. “I’m passionate about the education of under privileged students especially Ugandans … I urge you graduates to help the person next to you and … do the best with the knowledge you have got and if you can get more knowledge.”
Prof Kagonyera urged the Government to match MCF’s contribution with its own funds. “This will help reach out to more young people out there. If this money is invested in education, it will be put to better use.”
Speaking on behalf of MCF, Senior Program Manager, Ivy Mwai, exhorted the graduates to give back to their communities. “Our hope is that the graduates will spur development in Africa. I urge you to prepare yourselves for the boisterous journey of life,” she said. “I urge you to encourage your peers to join the programme.”
The Chairperson of the MCF Steering Committee, Dr Ernest Okello-Ogwang also had a message for the graduates.
“Don’t think that you are too privileged to multiply your gifts – take your gifts to the community. This is the first cohort to graduate, and many more are scheduled to graduate in future.” He also commended MCF for its contribution and saluted Prof. Mondo Kagonyera for seizing the opportunity to bring MCF to Makerere University.
The Coordinator of the MCF partnership, Dr Florence Nakayiwa expressed optimism for the programme.
“When you undertake a project, you don’t know how it will end but from seeing the fruits, we are already gratified by the success,” she said.
Speaking on their cohort’s behalf, Clare Mugga Akinyi, who obtained a first-class bachelors degree in Community Psychology, seemed to capture their mood.
“We are not average. We have to act exceptional as we are representatives of MCF and the great Makerere University,” she said, to loud cheers.
Mackline Banaga, who now holds an upper second class Bsc in Quantitative Economics, was chosen to speak for her female counterparts. “I thank God for this opportunity, because we were thousands of applicants and only 50 were selected. It is never too late to carry on the vision of the Mastercard foundation, not to forget who you are,” she said.
Speaking on behalf of the male MCF Graduates, Matia Mulumba, who holds an upper second class Bachelor of Agribusiness Management degree, said he was already giving back to his community in Kagadi.
“I was chosen from among all the poor in Kagadi, and I have returned to work in Kagadi, where I’m already giving advice and support to the locals. I thank Mastercard for the opportunity accorded to me to touch and support others,” he said.
Speaking for all the parents, Jane Namazzi, a mother to one of the graduates, Christine Namagambo, praised MCF. “I thank God that my daughter did not disappoint and has graduated. Even when she was unwell, she was well taken care of, which was unexpected for a poor mother like me.”
“I’m really amazed at the gift of education given to my daughter from a tiny village in Butambala … I pray for more blessings to Mastercard, who have supported us all this time.”
The colourful ceremony with befitting entertainment from students and staff of Performing Arts and Film climaxed with the cutting of the cake and a sumptuous dinner.
Mastercard Foundation Scholars have been encouraged to embrace mentorship programmes as a way of maximising opportunities for personal and professional growth.
Mentorship is a professional relationship in which an experienced person (the mentor) supports another (the mentee) in developing specific skills and knowledge that enhance both professional and personal growth.
While speaking at a Mentor–Mentee matching session held on Saturday at the Central Teaching Facility, Mr Steven Langa, a counsellor and director at Family Life Network, told scholars that mentorship plays a pivotal role in preparing the next generation of leaders capable of transforming Uganda and Africa.
“We live at a very challenging time in history, a time when Uganda and Africa have to rise up to the occasion to provide leadership, professional excellence and innovation,” Mr Langa, said.
Some of the Mentors address scholars.
In his presentation, Mr Langa explained that a mentor is not a parent, therapist, or romantic partner, but rather a coach who helps the mentee build essential skills.
“The mentoring relationship is built on mutual trust, respect and communication and involves both parties meeting regularly to exchange ideas, discuss progress and set goals for further development. A mentor does not need to know, or to provide all the answers; instead, the mentor encourages the mentee to use their available resources to identify solutions,” Mr Langa, noted.
Speaking at the same event, Ms Eva Nabasumba, the Principal Academics and Career Development Officer at the Mastercard Foundation Scholars Program, encouraged scholars to build strong relationships with their mentors, which could later provide credible referees for employment, scholarships and other opportunities.
Ms. Eva Nabasumba.
She highlighted several benefits of mentorship for mentees, including gaining advice, knowledge and insights from experienced professionals; developing professional communication skills; building valuable industry networks; engaging in employment-related conversations; exploring career pathways; and learning strategies for job searches, résumé writing and interviews.
During the session, mentors introduced themselves to their new mentees, allowing scholars to identify and connect with suitable mentors. Some of the mentors are doctors, teachers, counsellors, engineer’s business people and Accountants.
Apollo Mulondo, one of the mentors, urged scholars to take the mentorship opportunity seriously and respect the time and commitment of their mentors.
Some of the mentees smile for the camera.
“Some of us are who we are today because of our mentors. Our offices are always open to you, so feel free to visit anytime. It does not matter what your background is you can make it,” Mulondo said.
The mentor–mentee matching session enabled scholars to interact with professionals from different fields, giving them an opportunity to identify mentors whose experience aligns with their academic and career aspirations. The engagement also created a platform for scholars to begin building networks that will support their growth beyond the university.
“This is a perfectly managed Cooperative Society,” remarked CPA David Ssenoga, amidst applause from Members of the Makerere University Multi-Purpose Cooperative Society (MUMCS).
CPA Ssenoga made the remarks on 4th March 2026 as he presented the Auditor’s report from SDS and Company Certified Public Accountants at the MUMCS Annual General Meeting (AGM).
The Auditor’s report for the year ended 31st December 2025 highlighted adherence to the best corporate governance practices, confirmed proper allocation of funds, value for money, and steady progress.
CPA David Ssenoga presenting the Auditor’s Report.
“The Cooperative Society was found to be in excellent standing, with operations in compliance with International Financial Reporting Standards for SMEs, the Cooperative Societies Act, and relevant Ugandan regulations. The operations are efficient and transparent,” he reported.
Mandate of MUMCS
Chairing the AGM, the Vice Chairperson, Dr. Muhammad Kiggundu-Musoke, underscored that the MUMCS exists to promote the welfare of members. In pursuit of this mandate, MUMCS provides access to affordable credit at interest rates that are significantly lower than those offered by other financial institutions. Such support, he noted, empowers members to strengthen their financial stability, invest in personal and professional goals, and ultimately enhance their overall well-being.
Dr. Muhammad Kiggundu Musoke, Vice Chair.
Steady progress
Highlighting MUMCS’ steady progress, Dr. Kiggundu-Musoke commended members for the tremendous growth recorded over time. He noted that the cooperative society had grown from handling a few hundreds of thousands of shillings in its early years to managing a portfolio now standing at approximately UGX 3.25 billion, a milestone he described as a reflection of collective effort, prudent management, and sustained member confidence.
He encouraged members to actively promote and popularise the cooperative within their respective departments. He proposed a structured approach of engaging Heads of Department to sensitize staff on the MUMCS’ services and benefits.
AGM highlights
The hybrid AGM, with physical participants assembled in the Main Building Senior Common Room, and virtual participants who followed the proceedings via zoom, provided a platform to review performance, highlight operational successes and governance milestones, as well as, finding solutions to challenges.
Secretary’s report
Presenting the report, MUMCS’ Secretary, Prof. Winston Tumps Ireeta, highlighted the growth in membership to 160, including 27 new recruits – a testimony to the confidence in the quality of services provided.
Prof. Ireeta excited the members when he mentioned that the 2025 surplus of UGX 291 million was distributed to members, with administrative budgets executed as approved.
Prof. Winston Tumps Ireeta.
On the issue of financial discipline and meeting obligations, Prof. Ireeta notified the members that the Management Committee implemented strategies that ensured compliance. “Outstanding loan arrears were settled through deductions from dividends of the concerned members,” he stated.
The Secretary reported that as approved during the previous AGM, the Vetting Committee consisting of Prof. Helen Nambalirwa Nkabala (Chairperson), Prof. Lawrence Mugisha (Member) and Dr. Alex Okello (Member) had been constituted and has embarked on the tasks as per the terms of reference.
With reference to the Secretary’s report, the Members praised the MUMCS Management Committee headed by Prof. Barnabas Nawangwe, for ensuring the successful implementation of key decisions agreed upon during the previous AGM.
Treasurer’s report
The Treasurer, Prof. Juma Kasozi, provided members with a detailed overview of operations, liquidity, investments, and returns.
Emphasizing MUMCS’ commitment to transparency, Prof. Kasozi noted that the Management Committee ensures that the balance sheets, profit and loss statements, and trial balances are shared monthly with members, which enables them to monitor performance throughout the year.
Prof. Juma Kasozi.
Prof. Kasozi explained that the Cooperative Society maintains strong liquidity, with approximately UGX 1.6 billion invested with fund managers and insurance companies. These liquid investments he said, provide a solid foundation to support loans, withdrawals, and operational needs. He encouraged members to increase their savings and shareholdings, in order to strengthen MUMCS’s financial base and enhance lending capacity.
The Treasurer highlighted the Society’s loan products, including instant loans; which provide same-day disbursement and long-term term loans. He reported that in 2025, UGX 479 million was disbursed in instant loans, and UGX 913 million as long-term loans.
He informed the AGM that the major challenge faced during the year 2025, was premised on disruptions in payroll deductions. “Before this setback, payroll deductions generated over UGX 50 million per month. Due to temporary disruptions, the amount generated reduced to UGX 20 million,” he explained.
The Treasurer briefed the members that discussions with the payroll management team had been successful, and full deductions were expected to resume, a step that would restore the expected income stream of the Cooperative Society.
He re-assured members that despite challenges with payroll deductions, MUMCS remains financially stable, with strong liquidity, robust investments, sound loan recovery mechanisms, and a commitment to member welfare.
He encouraged members to recruit colleagues, increase shareholding, and actively participate in strengthening the Cooperative Society’s growth and impact.
Members applaud the Management Committee
Impressed by the reports presented by the Secretary and Treasurer, the Members praised the MUMCS Management Committee headed by Prof. Barnabas Nawangwe, for the successful implementation of key decisions agreed upon during the previous AGM.
Some of the Members of the Management Committee headed by Prof. Barnabas Nawangwe.
Presentation from the Welfare Committee
On behalf of the Welfare Committee, Ms.Ritah Namisango, commended the Management Committee for effectively implementing the Society’s Welfare Policy. Ms. Namisango noted that the policy stipulates the contribution to weddings, loss of a member, and/or when a member loses a parent, spouse and a biological child. She encouraged the members to read the Welfare Policy in order to tap into the benefits that accrue to them.
“We invite all members to read the Welfare Policy and inform the Management Committee early enough whenever a situation arises. I am glad that, because of transparency and communication through the WhatsApp group, most of you have been notifying the Executive Committee promptly. Most of the Members who have received contributions from MUMCS during such situations, have acknowledged receipt, and gone an extra mile, to send messages of gratitude via MUMCS’ WhatsApp group,” she said.
Ritah Namisango.
She welcomed the AGM’s approval of an additional UGX 2.5 million allocation to the Welfare Fund, to boost the Cooperative Society’s ability to extend support as well as standing in solidarity with the Members.
The Welfare Committee consists of Ms. Ritah Namisango, Dr. Oscar Mugula and Mr. Michael Kasusse.
Supervisory Committee report
The Chairperson, Prof. Fredrick Jones Muyodi, congratulated the Management Committee and the Members, upon the positive financial performance of MUMCS with a gross surplus of UGX 351,533,935/=, and a net surplus of UGX 49,510,181/= after deduction of all expenses.
Prof. Fredrick Jones Muyodi.
Concerned that some members have faced challenges with payroll deductions, the Supervisory committee welcomed the progress reported by the Secretary toward resolving the issue.
He stated that the Committee reviewed the financial proposals presented by the management committee and endorsed the recommended dividend payment of UGX 38,630,000 to shareholders, noting that dividends cannot exceed 10 percent under the law.
In addition, the Committee supported payments to service providers, the purchase of a second laptop to enhance data security, the use of cloud and external storage for safeguarding records, the proposed welfare and AGM budgets, and the allocation of 65% of the gross surplus as return on savings.
L-R: Caroline Kirumira Kwesiga, Claire Nakaseeta, and Fazira Nakabugo-new Members of MUMCS who physically attended the AGM, Senior Common Room, Main Building.
The Supervisory Committee consists of Prof. Fredrick Jones Muyodi (Chairperson), Prof. Edgar Nabutanyi (Member) and Dr. Jamidah Nakato (Member).
Closing remarks
Closing the AGM, Dr. Kiggundu-Musoke thanked members for their active participation and challenged them to actively support the growth of the cooperative society. He emphasized that membership growth would not only strengthen the Makerere University Multi-Purpose Cooperative Society’s financial standing, but also enhance dividend returns for all members.
A cross-section of MUMCS members who physically attended the AGM pose for a group photo at its conclusion.
On 5th March 2026, Makerere University signed a Memorandum of Understanding (MoU) with the International Development Association (IDA), the financing arm of the World Bank Group, establishing a strategic partnership aimed at strengthening environmental and social sustainability systems in Uganda and the wider East African region.
The collaboration brings together Makerere University through the College of Agricultural and Environmental Sciences (CAES) and the College of Humanities and Social Sciences (CHUSS) and the World Bank to jointly advance training, research, and policy advisory in environmental and social sustainability.
The three-year agreement provides a framework for cooperation focused on building national capacity to manage environmental and social risks associated with large-scale development investments.
Advancing Sustainable Development through Knowledge Partnerships
The partnership will be anchored in the Environment and Social Sustainability Centre (ESSC) at Makerere University, a national hub established to promote applied research, policy engagement, and professional training in environmental and social governance.
Through the Centre, the two institutions will collaborate to strengthen Uganda’s ability to plan and implement development projects in ways that safeguard communities and the environment.
Speaking during the signing ceremony, Ms. Francisca Ayodeji (Ayo) Akala, the World Bank Country Manager emphasised that the collaboration reflects a shared commitment to strengthening systems that support sustainable growth.
Ms. Francisca Ayodeji (Ayo) Akala giving her remarks during the MOU signing.
“This partnership with Makerere University is an important step in strengthening Uganda’s systems for environmental and social sustainability. By working through the Environment and Social Sustainability Centre, we aim to build the capacity of professionals across government, the private sector, and development institutions to better manage environmental and social risks and deliver investments that promote sustainable growth while protecting people and the environment.” Ms. Francisca Ayodeji (Ayo) Akala, World Bank Country Manager, Uganda, noted.
The partnership will support training, research, and policy advisory activities through the ESSC, helping Uganda pursue a development trajectory that promotes economic growth while protecting people and the environment.
Building National Capacity for Environmental and Social Risk Management
Uganda’s development agenda under the Fourth National Development Plan prioritises large-scale investments in infrastructure, agro-industrialisation, energy, and science and technology. However, such investments require strong environmental and social risk management systems to ensure sustainable outcomes.
The new partnership, therefore, focuses on building a skilled workforce capable of applying international best practices in environmental and social governance.
Under the MoU, Makerere University will design and deliver demand-driven short-course training programs targeting public sector officials, development practitioners, financial institutions, civil society organisations, and private sector actors implementing major projects.
Seven certificate-level short courses have already been developed and approved across multiple colleges at the University. These courses cover areas such as environmental and social risk management, climate risk assessment, construction health and safety, and integrating environmental and social considerations into investment cycles.
Prof. Barnabas Nawangwe and Ms. Francisca Ayodeji (Ayo) Akala after signing the MOU.
“Makerere Universityis proud to partner with the World Bank in strengthening Uganda’s capacity to manage environmental and social risks in development investments. Through the Environment and Social Sustainability Centre, we have already developed and approved seven certificate-level short courses across multiple colleges, designed to equip professionals in government, the private sector, and development institutions with practical skills to plan and implement sustainable projects. This collaboration reflects Makerere’s commitment to providing knowledge-driven solutions that support Uganda’s development while safeguarding communities and the environment.” Prof. Barnabas Nawangwe noted.
Strengthening Collaboration between Academia and Development Partners
As part of the agreement, the World Bank will support the development and delivery of the training programs, including conducting Training of Trainers (ToT) on the Bank’s Environment and Social Standards and international best practices.
The Bank will also leverage its convening power to encourage participation from development partners, government institutions, and project implementers, while supporting impact monitoring of trained professionals to document improvements in project performance and job creation.
The collaboration will further promote professional networking, policy dialogue, knowledge exchange, and the development of knowledge hubs containing environmental and social tools, databases, and resources for practitioners.
Through this partnership, Makerere University seeks to position the Environment and Social Sustainability Centre as a leading knowledge hub for environmental and social governance in Africa.
By combining academic expertise with the World Bank’s global experience in development financing and technical assistance, the initiative is expected to strengthen the institutional capacity required to deliver sustainable and climate-resilient investments in Uganda.
The partnership also aligns with the World Bank’s broader commitment to supporting Uganda’s development agenda and strengthening country systems for environmental and social sustainability.
Together, the two institutions aim to equip professionals across government, the private sector, and development organizations with the skills required to ensure that Uganda’s development pathway remains inclusive, responsible, and environmentally sustainable.
Caroline Kainomugisha is the Communications Officer, Advancement Office, Makerere University