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Prof. Bazeyo Hands over DVCFA Office to Dr. Nabukenya

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The outgoing Acting (Ag.) Deputy Vice Chancellor (Finance and Administration)-DVCFA on 30th November 2020 officially handed over office to the incoming Ag. DVCFA Dr. Josephine Nabukenya at a ceremony presided over by the Chairperson of Mak Council Mrs. Lorna Magara. The event held in the Central Teaching Facility 1 (CTF1) was guided by the Ag. University Secretary-Mr. Yusuf Kiranda and witnessed by the Chairperson Finance, Planning, Administration and Investment Committee (FPAIC) of Council-Mr. Bruce Kabaasa, the Vice Chancellor-Prof. Barnabas Nawangwe, Deputy Vice Chancellor (Academic Affairs)-Dr. Umar Kakumba, Members of University Management and Prof. Bazeyo’s family.

In his remarks, the Vice Chancellor paid tribute to Prof. Bazeyo for the tremendous achievements registered which made his own job very easy.

“One of Prof. Bazeyo’s tremendous achievements has been to move the University out of huge debt, with the most outstanding one; the In-House benefits scheme, almost completely settled,” remarked Prof. Nawangwe.

He also commended Prof. Bazeyo for his negotiation skills, which enabled the University to secure the Research and Innovations Fund (Mak-RIF) from the Government of Uganda. Mak-RIF is the first of its kind Government funding dedicated purely to supporting research and innovations at Makerere University, and is open to competitive bidding by any member of staff.

L-R: Prof. Barnabas Nawangwe, Mr. Yusuf Kiranda and Prof. William Bazeyo chat at the handover ceremony

Prof. Nawangwe thanked the outgoing DVCFA for his exemplary service and accepting to continue chairing the inaugural Grants Management Committee (GMC) of Mak-RIF. This selflessness, he noted would help Makerere to become a truly research-led university.

The Vice Chancellor equally expressed gratitude that Prof. Bazeyo was handing over to Dr. Nabukenya who is known for her steadfastness, prolific research and grant winning abilities. “Dr. Nabukenya has been very responsive when called upon to serve on various University Committees and we pledge to continue according you all the necessary support until a substantive DVCFA is appointed.”

In his handover speech, Prof. William Bazeyo thanked God for the negotiation and other skills that have enabled him to be a contribution to Makerere University right from his date of appointment on 23rd August 1993 until he attained the mandatory retirement age on 22nd June 2017. Now serving on a post-retirement contract valid until May 2021, Prof. Bazeyo shared that these skills had enabled him to transform the School of Public Health (MakSPH) from being virtually unknown to the second-best School of Public Health on the African continent.

Speaking about what motivated him to take up the role of DVCFA, Prof. Bazeyo outlined; the Media coverage of Makerere’s indebtedness, need to achieve research-led status, need to improve staff remuneration, unpaid retirement benefits and the absence of an institutional grants policy as some of the challenges that spurred him on.

“On the research front, I am glad to say that today, we have 595 project groups concurrently engaged with full funding by Government under Mak-RIF. And whereas Government had initially committed to avail this funding for only five years, they are now willing to funding every financial year having seen Makerere’s demonstrated capacity,” Prof. Bazeyo said.

Addressing Dr. Nabukenya, the outgoing Ag. DVCFA said, “I have never seen an office as challenging as this but the fact that I have tried means that you too can do the same through initiatives like strategic planning, participatory budgeting and a host of others as outlined in my handover report. I pledge that I will be available to introduce you and support you where you need me.”

Outgoing DVCFA-Prof. WiIliam Bazeyo (L) prepares to handover a copy of his report to Dr. Josephine Nabukenya (R) during the ceremony

In conclusion, Prof. Bazeyo thanked the Chairperson and Members of Council for entrusting him with the role of DVCFA and Prof. Nawangwe for always listening to his proposals and offering much-needed guidance. He thanked Dr. Kakumba for always speaking honestly and Dr. Eria Hisali for continually stepping-in to act on his behalf whenever he was out of office. Prof. Bazeyo equally thanked rest of the members of Management for their support throughout his term of office and staff in the Office of the DVCFA for enabling him to serve efficiently.

In her acceptance speech, Dr. Josephine Nabukenya thanked the University Council for giving her the opportunity to act as DVCFA, a role she pledged to use wisely. “I thank the Chairperson Council, Mrs. Lorna Magara, Vice Chancellor, Deputy Vice Chancellor (Academic Affairs) and all members of Management for being part of this handover ceremony. I am humbled to be assigned the role of next Acting DVCFA, a great responsibility and at the same time, a great honour.”

She paid tribute to her predecessor Prof. Bazeyo for the achievements registered during his term of leadership and for not losing sight of his goals especially in research, despite the challenges faced. She attributed this to Prof. Bazeyo’s passion for Makerere University, which has been a good driving force during his three years in office.

Dr. Nabukenya nevertheless made appealed to her outgoing colleague to continue working with the institution to cement the successes that had been registered during his term. She pledged to work hand in hand with her colleagues in Top Management to ensure that several projects currently being undertaken such as automation of services are accomplished.

Mrs. Lorna Magara (C) chats with Dr. Umar Kakumba (L) and Prof. William Bazeyo after the handover ceremony

In her remarks, the Chairperson Council thanked Prof. William Bazeyo for his selfless service to Makerere University, especially for his role in spearheading negotiations with Government to secure the remainder of funds owed to the Makerere University Retirement Benefits Scheme (MURBS). Mrs. Magara noted that the University Council is still looking forward to working with Prof. Bazeyo in various capacities.

Turning to Dr. Nabukenya, the Chairperson noted that the University Council celebrates her as a woman who has ascended to a top position of University Management. She nevertheless noted that Dr. Nabukenya’s prolific record made her a good candidate for the position. “Drawing on the gender card was never a necessity in considering your candidature because your past attainments in research and especially automation made you a perfect fit for the role.”

Quoting Proverbs 22:1 “A good name is to be chosen rather than great riches, Loving favor rather than silver and gold”, Mrs. Magara urged Dr. Nabukenya focus on leaving a legacy in Makerere University because her legacy would outlive her. She added that Council’s expectations of the DVCFA role are high but nevertheless expressed confidence that Dr. Nabukenya would deliver as much as Prof. Bazeyo had and hopefully, exceed expectations.

The Chairperson noted that whereas the University aspires to be research-led, the institution should not conduct research just for the sake. “Our drive must be to conduct research that responds to the National Development Agenda” remarked Mrs. Magara before posing a question, “What do we need to do to ensure that Makerere becomes the Think Tank for the National Development Agenda?”

She concluded her remarks by pledging the University Council’s and her personal support to the new Ag. DVCFA and urged Dr. Nabukenya to stay focused on her duties.

Members of Management also present included the University Librarian-Dr. Helen Byamugisha, University Bursar-Mr. Evarist Bainomugisha, Director Estates and Works Directorate-Eng. Christina Kakeeto, Director Internal Audit-Mr. Walter Yorac Nono, Ag. Director Legal Affairs-Mr. Hudson Musoke, Representing the Ag. Director Human Resources-Mr. Deus Mujuni Tayari and other officials.

Article by Public Relations Office

Mark Wamai

General

Advert: Position of First Deputy Vice Chancellor

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Front View of the reconstructed Main Building, Makerere University. Date Taken 8th November 2024. Kampala Uganda, East Africa.

Makerere University is governed by the Universities and Other Tertiary Institutions Act, Cap 262. The University is seeking applications from suitably qualified applicants for the position of First Deputy Vice-Chancellor. The First Deputy Vice Chancellor must possess a strong background in academic leadership, teaching, research, and strategic institutional management.

1. POSITION: FIRST DEPUTY VICE-CHANCELLOR

2. SALARY SCALE: PU2

3: DUTY STATION: MAKERERE UNIVERSITY

4. ROLE

The First Deputy Vice-Chancellor will report to the Vice–Chancellor and shall:

  1. Assist the Vice Chancellor in performance of his or her functions and in that regard be responsible for the Academic affairs of the University
  2. In the absence of the Vice-Chancellor, perform the functions of the Vice-Chancellor and,
  3. Perform such other functions that may be delegated to him or her by the Vice Chancellor or assigned by the University Council.

5. PURPOSE OF THE JOB

To provide leadership and Coordination of academic and academic research matters to ensure effective and efficient implementation of policies, teaching and research programmes.

6. DUTIES AND RESPONSIBILITIES

  1. Initiate, obtain approval of policies, plans and programmes that will enhance the academic and professional excellence of the University.
  2. Initiate, coordinate curriculum development and review for all courses offered at the University.
  3. Ensure that all examinations are set and marked in accordance with established Regulations.
  4. Coordinate the appointment of external examiners.
  5. Oversee the selection and admission of qualified students.
  6. Oversee the development of research programmes by liaising with Principals of Colleges/Deans of Schools and submit them to Senate and Council for approval.

7. CANDIDATE SPECIFICATION

  1. Hold a PhD or any other academic doctorate.
  2. Be at the rank of associate or full professor level in an institution whose academic ranking is comparable with that of Makerere University as accepted by Senate.
  3. Be a Ugandan citizen within the age bracket of 40 to 65 years at the time of application.

7.1 Academic Qualifications

  1. Earned a Ph.D. or equivalent doctorate in a relevant discipline.
  2. Minimum 5 years of progressive academic experience, including teaching, research, and academic administration at the level of dean of a school or higher.
  3. At least 20 peer-reviewed publications in reputable journals indexed in Scopus, Web of Science, or equivalent databases.
  4. Supervised at least ten (10) postgraduate students (Masters and PhD) to completion and graduation; at least three of these students must have been at the level of PhD.

7.2 Strategic Planning & Governance

  1. Evidence of having served or participated in university-level strategic planning processes including, membership to strategic planning committees and contribution to policy development and institutional growth.
  2. At least five years of demonstrated experience in academic programme accreditation processes contributing to the securing approvals from the relevant national or international regulatory bodies.
  3. Demonstrated evidence in leading at least one (1) higher education ICT integration initiative, improving online learning, digital governance, or student information systems or the development of at least one online course curriculum.

7.3 Leadership & Administrative Experience

  1. A minimum of 5 years of senior academic leadership in a recognized institution comparable to that of Makerere University, as accepted by the Senate, at the level of Dean of a School or higher.
  2. Participated in the development and implementation of at least two (2) academic policies improving quality assurance, curriculum development, or institutional governance.
  3. Demonstrated ability to lead a school or college, ensuring optimal performance and professional development of members.
  4. Proven track record of mentoring at least 10 faculty members toward career progression and research output, including co-teaching, publication, and capacity development in areas of teaching and training, grants, research and innovations.
  5. Participated in at least three (3) university committees or initiatives on academic policy development, research and publications, or student affairs.
  6. Participation in mediation of at least five (5) student or faculty grievances, ensuring fair and transparent resolutions.

7.4 Teaching, Learning & Curriculum Development

  1. Led or contributed to the development of at least five (5) accredited academic programmes or curricula at undergraduate and postgraduate level.
  2. Participated in the Designing and conducting at least 10 faculty development workshops focused on pedagogy, research methodologies, or curriculum advancement.

7.5 Research & Innovation

  1. Secured at least $200,000 in competitive research grants from national or international funding agencies.
  2. Established or managed at least one (1) research centre, or college wide research programme or industry-academic partnerships.
  3. Published a minimum of five (5) books, or 5 book chapters, or patents (separate from the papers in peer reviewed journals), contributing to knowledge production in the discipline.
  4. Organized at least three (3) international or national research conferences, fostering collaboration and knowledge exchange.

7.6 Financial & Resource Management

  1. Successfully managed academic budgets exceeding UGX 500,000,000= in a leadership role.
  2. Led at least two (2) faculty resource mobilisation initiatives, increasing funding for research, scholarships, or infrastructure.
  3. Secured at least one (1) international academic partnership to enhance funding, student exchange, or faculty development.
  4. Developed and executed at least three (3) cost-cutting strategies, optimising institutional resources without compromising academic quality.

7.7 Stakeholder Engagement & Collaboration

  1. Built at least five (5) partnerships with government agencies, private sector stakeholders, or international academic institutions.
  2. Successfully led at least two (2) community engagement or outreach programmes, strengthening university-industry relations.
  3. Served on or contributed to at least three (3) University, national, or international education policy boards, shaping higher education discourse.

7.8 Personal Attributes

  1. Proven record of upholding institutional integrity, with no record of financial mismanagement or ethical violations.
  2. Demonstrated decision-making and problem-solving skills, having led at least five (5) crisis resolution initiatives.
  3. Recognized for academic leadership excellence, receiving at least one (1 ) award or recognition for contributions to higher education.

8. REMUNERATION

An attractive remuneration package that is in accordance with Makerere University terms and conditions of service.

9. TENURE

The First Deputy Vice Chancellor shall hold office for a period of five years and shall be eligible for re- appointment for one more term.

10. METHOD OF APPLICATION

Interested applicants are invited to submit their application letters. The following documents shall comprise a complete application:

  1. A signed letter of application;
  2. A vision statement;
  3. Curriculum Vitae with contact details signed and dated by the applicant;
  4. Copies of required minimum number of publications;
  5. Certified copies of academic transcripts and certificates.
  6. Three (3) letters of recommendation;
  7. Copies of letters of appointment to leadership positions at the level of Dean of a School in a national accredited university or other academic institution;
  8. A copy of the applicant’s National Identity Card or passport;
  9. A copy of the last clearance from the Inspector General of Government or other equivalent national body.
  10. Referees should be advised to send confidential reference letters, addressed to the Chairperson Search Committee for the Position of First Deputy Vice Chancellor and delivered directly to the address below by 5:00 pm on Monday 24th March, 2025.
  11. The references should cover the following areas: the applicant’s academic credential, experience, leadership, managerial and administrative skills and personal integrity.

Both Hardcopy and Electronic (Email) applications shall be accepted.

a) Hardcopy applications: Both confidential letters and sealed applications marked “CONFIDENTIAL: POSITION OF FIRST DEPUTY VICE CHANCELLOR” should be addressed to:

SECRETARY SEARCH COMMITTEE
THE ACADEMIC REGISTRAR
MAKERERE UNIVERSITY
6TH Floor, ROOM 602, SENATE BUILDING
P.O.BOX 7062, KAMPALA, UGANDA

b) Electronic media (e-mail) applications should have all the above documents scanned and emailed to search.dvcaa@mak.ac.ug by 5.00 pm East African Standard Time on Monday 24th March, 2025.

Please note that:

a) Incomplete applications or applications received after the closing date and time will not be considered.

b) Only shortlisted applicants shall be contacted.

For more Information and inquiries: Visit our website https://mak.ac.ug/search-fordvcs OR email us on search.dvcaa@mak.ac.ug OR Call Telephone number: +256-414-532634 during working hours (between 8:00 am to 5:00 pm Monday to Friday).

MAKERERE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER

Prof. Mukadasi Buyinza
ACADEMIC REGISTRAR

Mak Editor

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General

Advert: Position of Second Deputy Vice Chancellor

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Mak Main Building

Makerere University is governed by the Universities and Other Tertiary Institutions Act, Cap 262. The University is seeking applications from suitably qualified applicants for the position of Second Deputy Vice-Chancellor. The Second Deputy Vice Chancellor holds a pivotal role in financial governance, institutional planning, and administrative leadership.

1.      POSITION:           SECOND DEPUTY VICE-CHANCELLOR
2.      SALARY SCALE: PU2
3:     DUTY STATION:  MAKERERE UNIVERSITY
4.      ROLE

The Second Deputy Vice-Chancellor will report to the Vice–Chancellor and shall:

a)     Assist the Vice Chancellor in performance of his or her functions and in that regard shall oversee the finances and administration of the University;

b)     Be responsible for the Planning and Development of the University and,

c)      Perform such other functions that may be delegated to him or her by the Vice Chancellor or assigned by the University Council.

5.      PURPOSE OF THE JOB

To provide strategic leadership and ensure efficient and sound financial, human and fiscal resources management in the University.

6.      DUTIES AND RESPONSIBILITIES

a)     Provide leadership in Strategic planning and governance, leadership and administrative experience, Human resource and performance Management, Stakeholder engagement and collaboration.

b)     Provide leadership in preparation and implementation of the University’s recurrent and capital budgets.

c)      Monitor the development and implementation of the University’s accounting procedures, manuals and other documents relating to financial control and Management as per approved financial regulations.

d)     Oversee income and expenditure of all income generating units of the University.

e)     Coordinate the production of the University-wide Financial Reports by Colleges and Units.

f)      Management of human resources in the University.

g)     Oversee the management of University Estates and Assets.

7. CANDIDATE SPECIFICATION

a)     Hold a PhD or any other academic doctorate.

b)     Be at the rank of associate or full professor level in an institution whose academic ranking is comparable with that of Makerere University as accepted by Senate.

c)      Be a Ugandan citizen within the age bracket of 40 to 65 years at the time of application.

7.1 Academic Qualifications

a)     Earned a Ph.D. or equivalent doctorate should be acceptable by Senate.

b)     At least five years of financial or administrative leadership experience at the level of school dean/director or higher in a higher education institution, public service, or corporate institutions.

c)      Supervised at least ten (10) postgraduate students (Master’s and Ph.D.) to completion. At least three of the students must be at the PhD level.

7.2 Strategic Planning and Governance

a)     Experience in leading large administrative teams at the level of dean or higher, demonstrating efficiency and productivity.

b)     Proven record in developing and executing strategic plans, aligning financial and administrative objectives with institutional goals.

c)      Evidence of developing and implementing financial policies that have improved financial efficiency, transparency, and risk management.

d)     Evidence of implementing organisational restructuring or process improvements to ensure operational efficiency.

e)     Ability to develop and implement institutional policies, ensuring compliance with national higher education and financial regulations.

7.3 Leadership & Administrative Experience

a)     Minimum 5 years of senior academic leadership in a recognized institution comparable with that of Makerere University, as accepted by Senate.

b)     Demonstrated    experience    in    managing    budgets    exceeding    UGX 500,000,000=, ensuring financial sustainability and accountability.

c)     Proven ability to mobilize resources, secure grants, and attract external funding to support institutional growth.

d)     Experience in conducting financial forecasting, cost control measures, and investment strategies to optimize institutional resources.

e)     Track record of leading financial audits and compliance assessments in alignment with national and international financial regulations.

f)      Experience in handling procurement, asset management, and infrastructure development, ensuring transparency and value for money.

7.4    Human Resource and Performance Management

a)    Track record of leading workforce planning, recruitment, and talent development strategies, ensuring a high-performance institutional culture.

b)     Experience in implementing performance-based appraisal systems, leading to improved staff efficiency and accountability.

c)      Proven ability to foster industrial harmony, resolving labour disputes and improving employer-employee relations.

7.5    Infrastructure Development and Resource Optimization

a)     Experience in overseeing capital development projects, ensuring timely delivery and cost efficiency.

b)     Track record of overseeing the maintenance and expansion of university facilities, enhancing institutional infrastructure.

c) Proven ability to negotiate and manage contracts for outsourced services, ensuring cost-effectiveness and quality standards.

7.6 Digital Transformation and ICT Integration

a) Experience in integrating ICT solutions in financial and administrative operations, improving service delivery and efficiency.

b) Evidence steering the automation of financial, procurement, and HR systems, reducing paperwork and improving real-time decision making.

c) Proven ability to implement cybersecurity measures that safeguard institutional financial and administrative data.

7.7 Stakeholder Engagement & Collaboration

a) Demonstrated experience in building partnerships with government agencies, donors, private sector investors, and international organizations to enhance institutional funding.

b) Proven ability to engage faculty, students, and staff in financial decision-making, ensuring transparency and inclusivity.

c) Experience in negotiating contracts, partnerships, and collaborations that have led to financial and administrative growth.

7.8 Personal Attributes

a) High level of integrity, transparency, and ethical leadership, with a record of financial prudence.

b) Strong analytical, problem-solving, and decision-making skills, backed by evidence of successfully managing complex financial and administrative challenges.

c) Excellent communication, negotiation, and interpersonal skills, ensuring effective stakeholder engagement.

d) A visionary leader with the ability to drive financial sustainability administrative efficiency, and institutional growth.

8. REMUNERATION

An attractive remuneration package that is in accordance with Makerere

University terms and conditions of service.

9. TENURE

The Second Deputy Vice Chancellor shall hold office for a period of five years and shall be eligible for re-appointment for one more term.

10. METHOD OF APPLICATION

Interested applicants are invited to submit their application letters. The following documents shall comprise a complete application:

a) A signed letter of application;

b) A vision statement;

c) Curriculum Vitae with contact details signed and dated by the applicant;

d) Copies of required minimum number of publications;

e) Certified copies of academic transcripts and certificates;

f) Three (3) letters of recommendation;

g) Copies of letters of appointment to leadership positions at the level of Dean of a School in a national accredited university or other academic institution;

h) A copy of the applicant’s National Identity Card or passport;

i) A copy of the last clearance from the Inspector General of Government or other equivalent national body;

j) Referees should be advised to send confidential reference letters, addressed to the Chairperson Search Committee for the Position of Second Deputy Vice Chancellor and delivered directly to the address below by 5:00 pm on Monday 24th March, 2025;

k) The references should cover the following areas: the applicant’s academic credential, experience, leadership, managerial and administrative skills and personal integrity.

Both Hardcopy and Electronic (Email) applications shall be accepted.

(a) Hardcopy applications: Both confidential letters and sealed applications marked

“CONFIDENTIAL: POSITION OF SECOND DEPUTY VICE CHANCELLOR”

should be addressed to:

SECRETARY SEARCH COMMITTEE
THE ACADEMIC REGISTRAR
MAKERERE UNIVERSITY
6TH Floor, ROOM 602, SENATE BUILDING
P. O. BOX 7062, KAMPALA, UGANDA

(b) Electronic media (e-mail) applications should have all the above documents scanned and emailed to search.dvcfa[at]mak.ac.ug by 5.00 pm East African Standard Time on Monday 24th March, 2025.

Please note that:

(a) Incomplete applications or applications received after the closing date and time

will not be considered.

(b) Only shortlisted applicants shall be contacted.

For more Information and inquiries:
Email us on search.dvcfa@mak.ac.ug OR Call Telephone number: +256-414-532634 during working hours (between 8:00 am to 5:00 pm Monday to Friday).

MAKERERE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER

Prof. Buyinza Mukadasi (PhD)
ACADEMIC REGISTRAR

Mak Editor

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Mak Co-operative Society financial performance excites Members: More strategies proposed for continuous growth

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MUMCS Members pose for a group photo with their Chairperson-Prof. Barnabas Nawangwe, Secretary-Prof. Winston Tumps Ireeta and Treasurer-Prof. Juma Kasozi at the AGM on 26th February 2025. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.

On 26th February 2025, members of Makerere University Multi-Purpose Co-operative Society (MUMCS) convened for the Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans.

MUMCS has realised significant growth and financial stability, with a strong commitment to its members. The pay incentive bonus, remains at 14.5% of surplus returns until a future review. As the Society continues to grow and expand its services, it is expected to play an increasingly important role in promoting financial inclusion and economic development in Uganda.

Prof. Barnabas Nawangwe (Left) delivers the Chairperson's address alongside Prof. Juma Kasozi (Right). Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe (Left) delivers the Chairperson’s address alongside Prof. Juma Kasozi (Right).

MUMCS has 136 active members who are members of staff at Makerere University. MUMCS has a Board of Directors and Secretariat that works with the Investments Committee, Loans Committee, Finance Committee, Welfare Committee, and the Supervisory Committee.

The Chairperson of MUMCS, Prof. Barnabas Nawangwe welcomed the Members (physically present at Makerere University Main Hall and those who were following virtually via zoom) to the AGM. He encouraged the Members to continue saving and investing in the cooperative society.

Left to Right: Prof. Winston Tumps Ireeta, CPA David Ssenoga, Prof. Barnabas Nawangwe and Prof. Juma Kasozi. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Left to Right: Prof. Winston Tumps Ireeta, CPA David Ssenoga, Prof. Barnabas Nawangwe and Prof. Juma Kasozi.

To kick start the AGM, the Chairperson made reference to the Agenda, which had been shared ahead of time to the respective Members. The Agenda focused on critical issues such as achievements, dividend allocation, recruitment plans, loan repayment strategies, potential investment opportunities, among other items. Following the adoption of the agenda during the AGM, the Chairperson invited the Secretary- Prof. Tumps Winston Ireeta, and the Treasurer- Prof. Juma Kasozi to present to the AGM key highlights.

Prof. Kasozi confirmed that the performance of the society was satisfactory. The Treasurer’s report, highlighted the society’s significant progress in 2024. The society disbursed loans amounting to UGX 1 billion, while savings accrued amounted to UGX 1.8 billion, and share value stood at UGX 386 million. The society’s total assets available for investment are worth UGX 2.25 billion, with a return on investment of 12.95%. The AGM was informed that the Cooperative’s balance sheet exceeded UGX 2billion, a testament to its robust financial position.

Prof. Juma Kasozi (Right) alongside Prof. Barnabas Nawangwe (Left) presents the Society's performance. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Prof. Juma Kasozi (Right) alongside Prof. Barnabas Nawangwe (Left) presents the Society’s performance.

Summary of the Key statistics:

  • Total loans disbursed: UGX 1 billion
  • Savings: UGX 1.8 billion
  • Share value: UGX 386 million
  • Total assets available for investment: UGX 2.25 billion
  • Return on investment: 12.95%
  • Unit trusts: UGX 801,127,970 (ICEA LION) and UGX 608,138,265 (UAP OLD MUTUAL)
  • Surplus: UGX 166 million
  • Dividends: The payment of dividends not exceeding 10% of the surplus.

The Auditor’s report was presented, confirming that the society’s financial statements provide a true and fair view of its financial position as of December 31, 2024. The Auditor commended the society’s management for their excellent work in managing the society’s finances.

“I commend the Board and Secretariat for having a well-managed and governed society. Your scheme is one of the best. We are glad that Makerere University Multi-Purpose Co-operative Society, the balance sheet is above UGX 2 billion,” CPA David Ssenoga said.

The Society Auditor, CPA David Ssenoga. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
The Society Auditor, CPA David Ssenoga.

During the AGM, members proposed the following strategies to spur the continuous growth of MUMCS:  Undertaking sensitization, publicity and mobilization drives/campaigns, development of publicity materials such as brochures, encouraging members to take loans, presenting proposals to reward bonus incentives to the highest savers and members with a significant number of shares, as well as providing financial incentives to members who take loans and repay them faithfully. In addition, the strategies stated in the MUMCS Strategic Plan will be implemented to ensure financial diversity and sustainability.

The Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presented the committee’s report, highlighting the society’s compliance with the Co-operative Societies Act and the by-laws. Other Members of the Supervisory Committee include: Dr. Hamidah Nakato and Dr. Fred Edgar Nabutanyi. The Supervisory Committee reported that during its meetings, it reviewed various activities undertaken by the Board of Directors. They noted that since the AGM meeting held in February 2024, several achievements had been realized. These included the approval of new bylaws, a revised credit policy, and the establishment of the MUMCS office.  The Supervisory Committee reported that 12 members joined MUMCS in 2024. The Committee appreciated Mr. Raymond Nsereko for developing the MUMCS logo and acknowledged Ms Ritah Namisango for coordinating the branding of the MUMCS office.

Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presents his report. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presents his report.

In their report, the Supervisory Committee presented the proposed candidates for consideration as Members of the Vetting Committee namely:  Prof. Helen Nambalirwa Nkabala, Prof. Lawrence Mugisha and Dr. Alex Okello.

It was gratifying to note that the AGM unanimously agreed to have the Vetting Committee constituted as per the proposed names.

The Vetting Committee is expected to develop the Fit and Proper test for all applicants vying for the positions on the Board of Directors and the Supervisory Board, advertise the positions and administer the Fit and Proper test (written through Nomination Form and Oral), and present the successful applicants to MUMCS members for elections.

Ms Ritah Namisango speaks on behalf of the Welfare Committee. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Ms Ritah Namisango speaks on behalf of the Welfare Committee.

On behalf of the Welfare Committee, Ms Ritah Namisango applauded the Board and Secretariat for implementing the Welfare Policy. The Members of the Welfare Committee include: Michael Kasusse, Ritah Namisango and Oscar Mugula. She noted that with the implementation of the Welfare Policy, Members are in position to receive support towards Weddings, Medical obligations, and bereavement as per the terms and conditions specified in the policy. Noting that the society exists to advance the welfare of its members, she thanked the AGM for approving the proposed UGX 10million for such purposes.

The Board informed the AGM that in compliance with the rules and regulations that govern the sector, various policies including human resources, anti-money laundering, and procurement are being developed for MUMCS.

In his concluding remarks, the Chairperson of MUMCS, Prof. Nawangwe acknowledged the cooperative’s impressive financial returns, noting that it outperformed other savings schemes in terms of interest. He also urged members to avoid unnecessary withdrawals, emphasizing the long-term benefits of keeping their savings within the cooperative society. He commended the team responsible for the cooperative’s success, including the Secretariat and Fund managers.

Ritah Namisango
Ritah Namisango

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