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Nurturing Entrepreneurs: VC Launches Mastercard US$200k Seed Fund

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On Friday, 15th February 2019, the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe represented by the Principal, College of Business and Management Sciences (CoBAMS) Dr. Eria Hisali launched the Entrepreneurship Seed Fund for the MasterCard Foundation Scholars and Alumni of Makerere University. The Entrepreneurship Seed Fund will support Scholars and alumni to create economic opportunities within their communities through social ventures.  

The Mastercard Foundation announced a seed funding of US$2,000,000 on 11th August 2018 at the Baobab Summit in Kigali, Rwanda, to implement the Foundation’s Strategy in Africa titled: Young Africa Works in the next two years (2018 to 2020). The strategy focuses on finding solutions to the youth employment challenge and reducing poverty in Africa. The Foundation believes that young people, especially Scholars, will drive and lead change in Africa and are already working hard to fulfill this vision.

Makerere a partner university with Mastercard Foundation received US$200,000 as an Entrepreneurship Seed Fund. According to the Coordinator of the MCF Scholars Program at Makerere University Dr. Florence Nakayiwa, the funding will be geared towards nurturing scholars to come up with social and business ventures. The funds will also help to deepen the development of skills and mindsets required of Scholars as transformative leaders, committed to improving the lives of others.

“The Program Implementation Team designed a seed funding framework to ensure that, the fund will have the greatest impact possible in developing the Scholars as transformative leaders, creating jobs and change through the business ventures. In some cases, Scholars’ ventures will also serve as a ‘transition’ vehicle for them to gain employment after graduating university through their ventures” she said.

The Vice Chancellor's Representative-Dr. Eria Hisali (R) and Coordinator of the MCFSP at Makerere University Dr. Florence Nakayiwa (L) applaud during the proceedings

The Internship and Entrepreneurship Coordinator of the MCFSP at Makerere University Mr. John Osuna said that the Entrepreneurship Seed Fund is open to all business concepts or social projects that have a high-growth potential, are profitable in nature, have the ability to create jobs and are scalable. The eligible business concepts or ideas include; innovations in Sustainable Agriculture, applications of the service or technological innovation, food processing, tourism, trading, renewable energy, fashion, education, health, artificial intelligence and scaling up existing concepts or ideas.

Mr. Osuna also mentioned that the Fund is ring fenced for the Mastercard Foundation Scholars and Alumni as Principal Investigators or Team Leaders, but the Scholars are encouraged to work with other non-Scholars (other students in at Makerere University) on profitable and social impact projects.

“The first cycle commences this month on 23rd February 2019 with a Social design course for 6 weeks among other development support inclusive of finance up to US$6,000 per project, and mentorship; the second cycle, will be in February 2020,” he explained.

Eligibility and selection criteria     

  • Scholars in their final year of study supported by the Mastercard Foundation Scholars Program at Makerere University.
  • Scholars must be the team leaders in a team of two to four people.
  • Where the Scholars choose non-Scholars on their teams, the non-Scholars must be final year students at Makerere University and should not be more two per team.
  • The business concepts or Social Venture Projects should be profitable, scalable and be able to create jobs for youth.

A former Guild President and Business Development Manager at Enterprise Uganda, Mr. Ronald Edward Mukasa encouraged young entrepreneurs to always be innovative and flexible

At the launch of the Entrepreneurship Seed Fund, Prof. Eria Hisali, thanked Mastercard Foundation for the bright idea that is going to change the mindsets of scholars towards business development.  Prof. Hisali said that Makerere University has embarked on looking for work placements and opportunities that can support students’ social and business ideas.

“We have realized that unemployment is a big challenge to our students, therefore, we have embarked on seeking opportunities that can provide with students either jobs, or ideas to support their ventures. We are getting touch with the government to tap into the wealth creation programs that are geared towards helping youth. The University is revitalizing its Endowment Fund, and we believe that; as the funds grow, some should be channeled to these entrepreneurial activities,” he said.

He urged scholars to fully utilize the opportunity from Mastercard Foundation and build their entrepreneurial world.

He called upon students and other youth to tap into the government programs when he said, “as long as you are organized, this support will be availed to you.  To the Scholars and Alumni, access to the seed fund is going to be a competitive process. Therefore, to the business projects that succeed I wish you the best in your new enterprises and to the ones that do not succeed, I believe the skillset acquired during the development support will place you in a better position to pitch your projects to other organizations in Uganda and beyond for funding.”

Some of the Scholars who attended the event smile for the camera

Mr. Ronald Edward Mukasa, the Business Development Manager at Enterprise Uganda, encouraged young entrepreneurs to always be innovative and flexible.  In a presentation he made, Mr. Mukasa called upon scholars to pay attention to the 3Cs (Care, Competence and Character) when preparing to join the business or social venture sector. According to him, the business world is looking for people who can find problems and look out for the solutions. He therefore said that someone’s passion matters when engaging in business.

“The reason one goes to school is to discover him or herself. Have passion while working on your ventures and be exceptional. The new environment has space for someone that has an excellent idea.  People are willing to pay attention to someone who is good at what he or she is doing. Therefore, you need to go beyond wearing a jersey and be able to score a goal,” he advised.

At the same function, the Vice chancellor launched the Mastercard Foundation Scholars Program (MCFSP) Alumni Association; a network that brings together graduates of MCFSP at Makerere University to share opportunities in academics, employment and entrepreneurship among activities.

The Principal Public Relations Officer of Makerere University Ms. Ritah Namisango encouraged students to fully utilize all the available volunteering opportunities, since this will help them to accumulate the much needed experience as they transition from the academic to the professional work environment.

The Scholars Council Representative on MCF Mr. Petere Ngobi and the Alumni Association Representative Mr. Charles Katuramu encouraged scholars to always take up leadership positions and develop their societies.

Guests were entertained by a remarkable poem from Mr. Andrew Muwhezi; a scholar from CoBAMS, as well as a team of scholars from Lane256.

Article Written by Public Relations Office

Proscovia Nabatte

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Mak News Magazine: February 2026

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Cover page of the Mak News Magazine February 2026. Produced by the Public Relations Office, Makerere University, Kampala Uganda, East Africa.

It is with great pleasure that I welcome you to this edition of Mak News Magazine, a publication that continues to chronicle Makerere University’s journey as a centre of academic excellence, innovation, and societal transformation.

The stories featured in this issue vividly demonstrate Makerere’s unwavering commitment to addressing national, regional, and global challenges through research, partnerships, and people-centred solutions. They reflect a university that is deeply engaged with society, one that applies knowledge not only to advance scholarship, but also to improve lives.

A recurring theme in this edition is innovation for resilience and inclusion. From the College of Agricultural and Environmental Sciences’ Healthy Soy Initiative combating child malnutrition amid climate change, to the cutting-edge work of CEDAT’s Team Green Minds integrating IoT into agriculture, Makerere continues to harness science and technology to respond to pressing development needs. Equally inspiring is the College of Natural Sciences’ success in securing international funding to scale up fish processing technologies, with a deliberate focus on empowering women and strengthening livelihoods.

This issue also highlights Makerere’s growing role in advancing health and wellbeing. The launch of the Early Intervention Psychiatry Services Clinic at Makerere University Hospital marks an important step in strengthening mental health services, while the Hospital’s transformation from a modest sickbay into a centre of excellence stands as a testament to decades of strategic investment, dedication, and service to the nation.

Our commitment to education access and global engagement is equally evident. Strategic partnerships, such as that between the College of Education and External Studies and the Uganda Vocational and Technical Assessment Board, are expanding pathways to quality education. The establishment of the first-ever United States Studies Centre in the Great Lakes Region positions Makerere as a hub for dialogue, research, and policy engagement on global affairs. We also celebrate our vibrant international community, with graduates drawn from 67 nationalities—affirming Makerere’s status as a truly global university.

This edition further showcases initiatives that ensure long-term institutional sustainability, including the launch of the CoCIS Endowment Fund, infrastructure developments such as the modern hostel at Buyana Farm, and transformative programmes supported by the Mastercard Foundation that continue to empower young people across the continent.

As you read through these pages, I invite you to reflect on the collective effort of our students, staff, alumni, partners, and supporters whose contributions make these achievements possible. Together, we continue to shape Makerere University as a place where knowledge serves humanity.

I wish you an engaging and inspiring read.

Prof. Barnabas Nawangwe
VICE CHANCELLOR

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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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