General
UBA Chairman Tony Elumelu Visits, Inspires and Challenges
Mr. Tony Elumelu is a visionary Pan-African entrepreneur and philanthropist founder of Heirs Holdings; an African Investment Holding Company and the beneficial owner of the United Bank for Africa (UBA). UBA is the 9th largest commercial bank on the African continent with a global presence in New York, London and Paris. The fact that his Heirs Holdings is also present in twenty African countries is a good signal that the Nigerian economist, entrepreneur and philanthropist is a busy man. Nevertheless, Makerere University remained top on the agenda of his four day visit to Uganda.
The endless drizzles that preceded Mr. Elumelu’s visit to Makerere University on 11th April 2018 could only be a sign of the blessings that were to follow. Upon arrival, he was received by the Vice Chancellor Prof. Barnabas Nawangwe and ushered into the Council Room where he met with Members of Central Management and the leadership of the College of Business and Management Sciences (CoBAMS).
Accompanied by the Regional Executive Officer, UBA Eastern Africa Divisional Office, Nairobi-Mr. Manz Denga, UBA Uganda Managing Director-Mr. Johnson Agoreyo and other officials, Mr. Elumelu could not hide his elation at making his maiden visit to Makerere University.
“I am honoured, pleased and happy be with you this afternoon” remarked the gentle speaking Mr. Elumelu, “It is a wonderful experience to be in Makerere University; a well known and one of the foremost Universities in Africa” he added.
He thanked the Vice Chancellor for the warm welcome and commended all Makerere staff for helping to advance research and knowledge not only in Uganda but on the entire African continent. He also thanked the University Leadership for admitting UBA into the Makerere community, noting that “Makerere’s 45,000 student population is a tip that we can do more!”
After signing the visitors’ book and receiving souvenirs of the Makerere neck tie and diary from the Prof. Nawangwe, Mr. Elumelu proceeded to the Main Hall, where he was greeted by thunderous applause from the staff and students who had convened to listen to his talk. “I am greatly humbled and pleased to see that the hall is overflowing and some people are still standing” he remarked good naturedly ”I thank you all for coming and hope that our interaction will be enriching,” he added.
The event took the form of a question and answer session moderated by the day’s emcee, Mr. Peter Igaga. He shared with Mr. Elumelu that a sample of questions from the audience had revealed that capital was an outstanding issue of concern for budding entrepreneurs and asked the UBA Chairman share his views on the topic.
Mr. Elumelu firstly admitted that entrepreneurship is not a simple journey to embark on as it calls for patience and resilience. He then emphasised that; an idea of what one wanted to do and a proper definition of how one wanted to go about doing it formed the basis for attracting capital. “Most billionaires in the world today did not start out with a handful of money. While it is important, do not kill your good ideas just because you don’t have a handful of money to start with.”
He further opined that entrepreneurs need not start big and all that was needed was seed funding to prove one’s concept or idea, which money can be raised from family, friends and a few willing venture capitalists. “Banks should be your last option as you start up” he warned, before adding “Banks by their nature are highly structured organizations and will only give you money to scale up your idea once it is up and running.”
On the culture of saving, Mr. Elumelu noted that this was one of the most important attributes of any successful entrepreneur. He reemphasized the fact that entrepreneurship is a long journey and those who venture into it must be very disciplined and avoid any luxuries and unnecessary expenses that would deplete initial revenue.
“I also advise you to get good mentors” he continued “at the Tony Elumelu Foundation (TEF), we see capital as only one of the factors necessary for one to succeed. We also see training and mentoring as extremely important aspects of entrepreneurship. During our 12week mentorship programme, we ensure that you understand the basics of things such as good bookkeeping so as to prepare yourself for the future.”
Mr. Elumelu added that it was only upon successfully completing the TEF training that entrepreneurs saw their first coin of seed capital, which also comes with mentors. “Our aim is to create entrepreneurs not grant seekers. We want to train people who will be able to support other entrepreneurs in the future.”
Since the setting of this discussion was at the region’s flagship University, the next topic sought clarity on the relevance of education to entrepreneurship, especially as a good number the world’s top billionaires had admitted to dropping out of school to focus on their ideas. Mr. Elumelu tackled this topic by first and foremost admitting that education, awareness and knowledge were all critical for entrepreneurship.
He however sought to create a distinction between two definitions of education; just to get a certificate and to gain a thorough understanding of subject matter, the former being the wrong one. He reaffirmed that education is a critical success factor in understanding ones trade, as it helps to sharpen the brain to better understand concepts. “Nevertheless, what is important is knowing what is critical for success. Discipline, hard work and thinking long term are extremely important factors for success” added Mr. Elumelu.
He urged all entrepreneurs never to let the fear of making mistakes prevent them from daring to try out their ideas. “You will make mistakes” assured Mr. Elumelu. “As a business, we have made some decisions that led us to venture into a partnership with a leading global company but in the end we had to write off US$200million after it didn’t take off as anticipated” he added, much to the hushed amazement of the audience.
Entrepreneurship without the right networks is a precarious journey to embark on. Tackling the question on the role of networks versus net worth, Mr. Elumelu shared that “Networks help you build net worth and net worth can help you extend your reach.” He stressed that it is important to have partnerships but these have to be matched with an alignment of interests. “Misalignment will not help you to build net worth or to succeed” added Mr. Elumelu.
“My net worth is not really important to me because it is just a figure; it is not about how much you have in the bank. What is important however is what you do with your net worth because at the end of the day you move from wanting to survive to changing lives and building a legacy” counseled Mr. Elumelu.
The day’s session would have been incomplete without a few testimonies from TEF beneficiaries. Mr. Joseph Ogwal is the Founder of Agro Supply Uganda Limited and a 2017 TEF Alumnus. His business was started with the aim of supplying smallholder farmers in the Acholi and Lango sub-regions with quality seeds. After completing his training with TEF, Joseph’s business is now able to supply 10,000 farmers with 30metric tonnes of quality planting seed and is projected to supply up to 50metric tonnes by the close of 2018. The company has additionally set its sights on supplying new markets in Rwanda and Tanzania.
Hon. Grace Oburu is the proprietor of Pakoi Mixed Farm in Tororo District and a 2017 TEF Alumna. The former legislator of the 8th Parliament admitted to initially being chastised by her children for applying to a youth entrepreneurship competition. She however persisted and today, does not regret having made that decision, especially as with the help of the seed capital she expects to house 800pigs at her farm by the close of 2018.
“The Operation Wealth Creation has booked all piglets from my farm because I am rearing a good breed, I have offered employment to the previously jobless youth and young men in the community are learning how to make biogas for cooking which is saving the environment” added Hon. Oburu.
Addressing the audience, Prof. Barnabas Nawangwe thanked Mr. Tony Elumelu for putting Makerere University especially the interaction with budding entrepreneurs at the top of his agenda. He noted that Mr. Elumelu was one of the most enterprising entrepreneurs in Africa.
“I want to thank you Mr. Tony Elumelu for being a very generous person by supporting youths in Africa, irrespective of where they come from, so as to emancipate Africa from poverty. We are now past the stage of political emancipation and now is the time for economic emancipation” said Prof. Nawangwe.
He noted that Makerere University has produced some of the region’s top leaders in all spheres of influence including former Presidents such as H.E. Mwalimu Julius Nyerere of Tanzania, H.E. Mwai Kibaki of Kenya, H.E. Milton Obote of Uganda, to mention but a few. Prof. Nawangwe also encouraged Mr. Elumelu to come back again and welcomed partnerships with UBA and TEF aimed at improving entrepreneurship skills among the students.
Article by Public Relations Office
On 20th January 2025, the blazing afternoon sun was temporarily obscured by cloud cover as a convoy complete with VVIP security detail quietly made its way to the Main Building. As the convoy came to a stop at the Main Building’s Eastern staircase, all eyes were peeled to see who this VVIP was. As she emerged, there was no fanfare whatsoever as she proceeded to pleasantly greet the welcoming party. Princess Zahra Aga Khan, graceful by all standards, had arrived at Makerere University, an institution fondly talked about by her father His Late Highness Prince Karim Aga Khan IV.
It was indeed humbling that Princess Zahra Aga Khan, a Member of the Board of Directors of the Aga Khan Development Network (AKDN) and Trustee of the Aga Khan University (AKU) could include Makerere University on her itinerary. She had earlier on the same day paid a courtesy call on the President H.E. Yoweri Kaguta Museveni at State House Nakasero, and presided over the graduation of 120 students of the Aga Khan University-Kampala.
Princess Zahra who was received by the Acting Vice Chancellor, Prof. Buyinza Mukadasi and the Dean Makerere University School of Public Health (MakSPH), Prof. Rhoda Wanyenze was thankful for the warm reception and Makerere’s unwavering legacy.
“My whole life, my father always told me that Makerere was the best University in Africa,” relayed Princess Zahra, before adding “And my whole life he told me how sad it was that tertiary level degrees had been de-funded and what fragility that bred in these countries.” She went on to explain that her father’s philosophy was that if a country cannot train its upper degrees, it cannot build a free, fair and successful economy.
Princess Zahra nevertheless expressed how glad she was to see that Makerere still remains a beacon of higher education, and that the Main Building that was gutted by fire was reconstructed to perfection. “So to come here and see it looking so amazing and beautiful is really good.”
She confessed that her itinerary, though involving many hops to preside over graduations in Kenya, Tanzania and finally Pakistan, was testimony of how much Aga Khan Institutions had evolved over the past twenty years. Princess Zahra explained that partnerships with Makerere and other universities, especially in the aftermath of events such as CoVID-19, were crucial in helping Aga Khan Institutions to adjust. “An institution can become far stronger and more resilient,” she explained.
In his welcome remarks, Prof. Buyinza thanked Princess Zahra for including Makerere on her eventful itinerary. “We are more than a century old and have greatly impacted the development and economy of this country, not on our own, but with the big network of our partners in many respects. Your coming reinforces the resolve that we must work together for the good of humanity.”
The Acting Vice Chancellor equally welcomed members of Princess Zahra’s delegation who included; her daughter Sarah Boyden, Mr. Zakir Mahmood-Chairman Board of Trustees AKU, Mr. Amin Mawji, OBE-Trustee AKDN, Dr. Sulaiman Shahabuddin-President and Vice Chancellor AKU, Dr. Tania Bubela-Provost and Vice President Academic AKU, Zeenat Shahabuddin-Regional CEO for Aga Khan Health Services (AKHS) in East Africa, and Joseph Mwizerwa-Associate Vice Provost AKU-Uganda.
Contributing to the day’s discussion, Dr. Sulaiman Shahabuddin the President and Vice Chancellor AKU who has been in Kampala for the last twenty years, admitted that the new campus in Nakawa heralds a new era of growth as they commence student activities in June 2025.
“Makerere has been and is a distinguished University in Africa. We look forward to engaging and discussing how best we can come up with programmes that can benefit Uganda and Ugandans” he remarked.
As a rejoinder, Prof. Rhoda Wanyenze admitted that AKU’s and Makerere’s academic programmes present a number of potential synergies both in training and research. “Cancer clinical care and research is a big issue for us here; the burden is growing and we need to do more work to be able to characterize exposures and what it is that’s driving it.”
Other areas singled out in the discussion as potential for collaboration included; the environment, climate change and its linkage with health and other issues, and harnessing of the potential Electronic Medical Records (EMR). Makerere University currently partners with the Ministry of Health to roll out EMR systems nationwide, so as to optimize health service delivery in line with the Uganda Vision 2040.
“We have already done quite a number of facilities across the country for HIV, probably more than 1,000, but right now we are moving towards having an integrated electronic system for all care, the interoperability of multiple systems that exist, and being able to scale that up” complemented Prof. Wanyenze.
Prof. Buyinza who brought the lively discussion to a close concurred that a lot of potential areas for collaboration exist between the two partners and reassured Princess Zahra Aga Khan and her delegation of the Makerere’s readiness to undertake joint activities for the good of humanity. He also used the occasion to observe a moment of silence in honour of His Late Highness Prince Karim Aga Khan IV, who passed away on 4th February 2025.
Following the signing of the Vice Chancellor’s Visitors Book, Princess Zahra Aga Khan and her delegation proceeded to the Makerere University Innovation Pod (Mak UniPod), where they received a guided tour from Dr. Cathy Ikiror Mbidde, the Director.
Prof. Henry Alinaitwe on 20th February 2025 officially handed over the Office of Deputy Vice Chancellor (Finance and Administration)-DVCFA to Prof. Winston Tumps Ireeta at a ceremony presided over by the Acting (Ag.) Vice Chancellor, Prof. Buyinza Mukadasi. The handover was witnessed by the University Secretary-Mr. Yusuf Kiranda, Chief Human Resources-Mr. Deus Tayari Mujuni, Chief Internal Audit-Mr. Patrick Akonyet, University Bursar-Mr. Evarist Bainomugisha and Chief Legal Affairs-Ms. Nanyondo Sumaiyah Sebuta.
Equally present to witness the ceremony were the Chief Estates and Works- Eng. Okuk Geoffrey, Dean of Students-Dr. Winifred Kabumbuli, Deputy University Secretary-Mr. Simon Kizito, Mr. Juma Katongole-Representing Director ICT Support, Ms. Susan Mbabazi-Representing Director Gender Mainstreaming, Ag. Manager of Planning and Development-Mr. Emmanuel Kitamirike as well as staff from the Vice Chancellor’s and Deputy Vice Chancellors’ Offices.
Prof. Buyinza Mukadasi in his remarks thanked Prof. Alinaitwe for the effort and support rendered to the University through the DVCFA’s Office and prayed that Makerere could continue tapping into his knowledge.
“As colleagues we have a shared agenda and a common destination as we do the best for Makerere. I thank Prof. Henry Alinaitwe for being a hardworking colleague of great humility, collegiality, and being open-heartedly committed to the principle of trust” remarked Prof. Buyinza, who also expressed belief that God has bigger plans for him as he exits office.
In the same breath, Prof. Buyinza congratulated Prof. Ireeta on his new role, admitting that he has what it takes to carry on from where his predecessor left off. “Thank you for accepting to take on this appointment; it takes a person of great responsibility to accept the huge mandate of this office.”
The Chief Human Resources Officer, Mr. Mujuni thanked Prof. Alinaitwe for steering the Office of the DVCFA and pledged to correspondingly support his new supervisor, Prof. Ireeta. The University Secretary, Mr. Kiranda equally thanked Prof. Alinaitwe for the guidance, support, and flexibility accorded to his office to fulfil its mandate.
“Although it is difficult for us to sit here and witness this handover, we are comforted to have previously worked with Prof. Ireeta and look forward to the continuity in service that his experience presents” added Mr. Kiranda.
The Chief Internal Audit Officer, Mr. Akonyet in his tribute thanked Prof. Henry Alinaitwe for his guidance as immediate supervisor, which helped shape the internal audit function. Like Mr. Kiranda, Mr. Akonyet thanked Prof. Ireeta for his support as a member of the University Council’s Audit Committee and expressed confidence that his passion for service would greatly benefit the University in his new role.
Presenting his handover report, Prof. Henry Alinaitwe reflected on a number of achievements such as: Mobilising resources for the Makerere@100 Celebrations and other activities; establishing the Grants Administration and Management Support Unit (GAMSU); realigning Makerere’s Ten-Year Strategic Plan to the Five-Year NDP-recommended interval; Payment of outstanding In-house Benefits; Harmonization of staff salaries; as well as Recruitment, Promotion and Training of staff.
Prof. Alinaitwe equally highlighted achievements such as: Formulation of the ICT Policy and purchase of related equipment; Developing a Security Masterplan and enhancing surveillance, personnel numbers and equipment; Support to Student Affairs Management and Governance including overseeing the Emerging Leaders Program; Renovation of Student Halls of Residence; Establishment of the Disability Support Centre; Leading the Design Team for the Reconstruction of the Main Building; Improving Competitiveness of the Staff Housing Policy; Improving the University Fleet and Vehicle Access Control; Improving the Budgeting Process through Unit Ledgers and Accounts; among others.
He concluded by thanking the University Council and the Vice Chancellor for entrusting him with the role of DVCFA as well as all the support rendered to his office in the execution of his duties. “Whereas I have read out all these various achievements, they have largely been due to all your respective contributions and I thank you for that.”
In his acceptance remarks, Prof. Winston Tumps Ireeta similarly thanked the University Council and Vice Chancellor for entrusting him with the responsibility of overseeing the Office of the DVCFA. He acknowledged that despite the fact that he was taking over from Prof. Alinaitwe on whose behalf he had acted a number of times, he still has big shoes to fill. “However, with my God, all things will work out” he prayed.
The incoming DVCFA requested Prof. Alinaitwe to always accept consultation on matters relating to the office and pledged to be as results-oriented as his predecessors. “Let’s all work together for the good of our University” he concluded.
Following the Handover Ceremony, Prof. Buyinza Mukadasi on behalf of Members of Management presented a plaque to Prof. Henry Alinaitwe in appreciation of his dedicated service as Ag. DVCFA from 16th November 2021 to 19th February 2025.
In a pivotal meeting held earlier this morning, the Acting Deputy Vice Chancellor, Prof. Henry Alinaitwe, met with project implementation partners from the Korea Institute for Development Strategy (KDS) and the Korea National Open University (KNOU) to discuss the upcoming Project for Enhancing the Distance Education Environment at Makerere University in Uganda (2024-2028). This collaboration, set to launch on February 27, 2025, is poised to revolutionize the university’s distance learning initiatives.
The project, which is generously funded by the Korean Government through KOICA (Korea International Cooperation Agency), will receive a substantial investment of USD 12.2 million. It aims to address critical areas in e-learning at Makerere University, with key components focusing on the development of a comprehensive e-learning master plan, capacity building for staff in Open and Distance eLearning (ODeL), equipping two state-of-the-art content development studios, and the development of necessary infrastructure.
Prof. Henry Alinaitwe expressed his enthusiasm for the partnership, stating, “This project marks a significant milestone for Makerere University as we strive to enhance our distance learning capabilities. The integration of advanced technology and capacity building will not only improve the quality of education but also ensure greater accessibility for learners across the region. We are grateful for the generous support from the Korean Government and look forward to the successful implementation of the project.”
The delegation from Korea, led by Prof. Chun Se yeoung, also expressed their commitment to the success of the project. Prof. Chun Se yeoung remarked, “We are excited to partner with Makerere University on this transformative project. We believe that by enhancing the distance education environment at Makerere, we will not only benefit the university but contribute to the development of higher education in Uganda and the broader East African region. Our goal is to build a sustainable and scalable model that empowers educators and students alike.”
The project is expected to have a lasting impact, significantly strengthening Makerere University’s capacity to offer high-quality education remotely, thereby increasing access to learning opportunities for students across Uganda and beyond.
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