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Mak and Stanbic Discuss Partnership beyond Banking

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As Makerere University gears up for celebrations to mark 100 years of existence in the second half of 2022, a team from Stanbic Bank Uganda (SBU) led by Chief Executive Officer (CEO) Ms. Anne Juuko on Monday 12th April, 2021 held discussions with a special session of Central Management on how to deepen collaboration. Chaired by the Vice Chancellor, Prof. Barnabas Nawangwe, the session specifically provided a platform for Stanbic to showcase the non-banking services that Makerere can take advantage of in the quest to become a research-led university.

The special session was prompted by a prior engagements between the Acting (Ag.) Deputy Vice Chancellor (Finance and Administration)-DVCFA, Dr. Josephine Nabukenya and Ms. Juuko, wherein the latter expressed SBU’s interest in partnering with Makerere to deliver her ten year strategic objectives. The Vision for the ten year (2020-2030) strategic plan is “a thought leader of knowledge generation for societal transformation and development”.

Makerere University’s first strategic goal to translate into a research-led university requires a lot of thinking through on how the different services can be rehabilitated into frameworks that support our vision” remarked Dr. Nabukenya.

The Ag. DVCFA was speaking in reference to the research and innovations ecosystem that needs to be created to ensure that Makerere’s research will over the next 10 years have demonstrable economic, environmental, health and social impacts.

The Vice Chancellor thanked the Ag. DVCFA for initiating the discussions with SBU, noting that this was timely and would help take advantage of the huge potential that the University has to offer. “Thanks to funding from the Government of Uganda through the Makerere University Research and Innovations Fund (Mak-RIF) we now have hundreds of innovations produced by the various research teams.”

“Our biggest problem at present is the lack of funds to commercialise these innovations. Uganda has no venture capitalists but I believe that with the resources that you (SBU) have, we can work together to help support these innovators” remarked Prof. Nawangwe.

Prior to making her presentation the CEO thanked Makerere University for the supporting SBU’s business thus far, as well as the ensuring that the two partners enjoy a quality relationship with each successive Management team. “We take extra pride when it comes to working with Makerere University,” she added.

Ms. Juuko said the reorganisation of SBU in 2018 to include a holding company (Stanbic Holdings Uganda Limited-SHUL) had enabled the entity to enhance the value of products and services offered to its customers. In addition to SBU, other SHUL subsidiaries; Stanbic Properties Uganda Limited, Stanbic Business Incubator Limited, FlyHub and SBG Securities. These, she noted, enable Stanbic to offer a broader range of services to staff and students beyond banking.

Reflecting on the signing of the Final Investment Decision (FID) on 11th April 2021, the CEO shared that SBU in line with its support for responsible investment through assessing and managing environmental, social and governance risks would take keen interest in oil production. “One of the hottest topics is that oil mining is going to take place in one of the most ecologically sensitive zones. How can we partner with Makerere to ensure that this is conducted in a sustainable way?” she pondered.

The CEO also brought to the attention of Central Management that SBU had in 2020 partnered with the United Nations Development Programme (UNDP) to launch the Youth4Business Innovation and Entrepreneurial Facility as an answer to youth unemployment. As a way forward, she added that Makerere would be brought on board to form a three-way conversation on how best to achieve the facility’s objectives, especially following disruptions to micro, small and medium enterprises (MSMEs) operations caused by COVID-19.

Other topics covered by the SBU presentation included; supporting the Makerere University Staff SACCO to grow their funds, Financial Fitness sessions for staff on how best to invest and grow their earnings, and a laptop loan scheme for staff and students where payments can be made over a period of two to three years. Also shared was how SBU is using data to reduce loan approval for customers to 120seconds as well as introducing alternative systems for making payments and receiving collections such as point of sale devices and virtual wallets tagged to customer phone numbers.

In some of the reactions that followed, the Deputy Vice Chancellor (Academic Affairs)-DVCAA Dr. Umar Kakumba thanked SBU for reaching out to Makerere and advocated for increased internship placements for students in the SHUL subsidiaries. He also called for collaboration at the training level.

“The staff at the College of Business and Management Sciences (CoBAMS) have in the past conducted financial literacy training for various organisations and are ready to partner with Stanbic as they reach out to various communities in their educational programmes,” added Dr. Kakumba.

Delivering the concluding remarks, the Vice Chancellor thanked the Ag. DVCFA for initiating discussions with SBU as well as the CEO and her team for sparing time to meet with Central Management. “Together, Makerere as the premier and largest University and Stanbic as the largest bank operating in Uganda can do a lot to transform this country.”

The parties agreed to formalise the collaboration by signing Memorandum of Understanding at a later date.

Mark Wamai

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Makerere Convocation to Host a CEOs/Investors’ Round Table Summit 2025

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Makerere University Convocation (MUC) CEOs/Investors’ Round Table Summit on Tuesday, 2nd September 2025, 8:00AM-12:00PM, Convocation Grounds. Kampala Uganda, East Africa.

By Elvis Lubanga

Kampala, Uganda – Makerere University Convocation (MUC) is set to host the CEOs/Investors’ Round Table Summit on Tuesday, 2nd September 2025, bringing together a distinguished assembly of leaders and stakeholders.

The half-day summit will convene CEOs, investors, entrepreneurs, policymakers, researchers, innovators, and development partners to engage in meaningful dialogue, foster collaboration, and explore investment opportunities that can unlock the potential of Uganda’s next generation of talent. Running under the theme: “Exploring the Opportunities for Entrepreneurship, Innovation and Value Creation for Accelerated Socio-Economic Integration and Development of Sub-Saharan Africa,” the event reflects Makerere University’s ambition to position itself as a hub of knowledge, innovation, and transformation.

The Rt. Hon. Prime Minister Robinah Nabbanja will officiate as the Chief Guest, while Dr. Peter Kimbowa, CEO of the CEO Summit Uganda, will deliver the keynote address. Their participation underscores the importance of the summit in strengthening linkages between academia, industry, and government, and in advancing Uganda’s broader socio-economic transformation agenda.

Professor Barnabas Nawangwe, Vice Chancellor of Makerere University, will welcome the invited participants and highlighted the university’s determination to work collaboratively with partners to shape impactful solutions for Uganda and the region.

“We want to work with you to see how, together, we can move our country and continent forward. I invited all of you CEOs to Makerere so that we can brainstorm on what we can do to transform our nation and Africa at large,” Prof. Nawangwe remarked.

According to Ms. Grace Cherotich Ruto, Chief Convener of the summit and Vice Chairperson of the Makerere University Convocation, this will be the first event of its kind. She noted that the summit seeks to foster mentorship, internships, and employment linkages as a means of bridging the gap between industry and academia, while positioning Convocation as a driver of socio-economic transformation.

A key highlight of the summit will be the unveiling of the Makerere University Convocation’s Massive Transformation Purpose, a bold framework that converts five critical takeaways into independent working teams with clear Terms of Reference, objectives, data-driven activities, and measurable outcomes. The plan institutionalizes vision, distributes ownership, and ensures sustainability through quarterly reporting, evidence-based impact, and global benchmarking. The five teams—From Ivory Tower to Impact Tower, Diaspora Dividend vs. Brain Drain, Intergenerational Knowledge Bridges, AI & Future of Learning, and From Convocation to Covenant—are designed to commercialize research, harness diaspora capital, institutionalize mentorship, drive digital transformation, and sustain alumni–faculty–student engagement through a covenant model. Collectively, they transform Convocation from a ceremonial event into a movement of accountability, innovation, and sustainable socio-economic impact for Uganda and Africa.

The summit has already attracted wide endorsement from leading companies and agencies, demonstrating its timeliness and relevance.

Mr. Eugene Too, General Manager at Haco Industries, affirmed the company’s support, stating:

“Haco Industries endorses the Makerere University CEOs Forum. We believe the Summit’s objectives align with our broader goals of creating impact in education, supporting internships, job placement, and mentorship programs in Sub-Saharan Africa. We are proud to be associated with the Summit at Makerere University Convocation.”

Eng. Shaft Mukwaya, Secretary to the Equal Opportunities Commission of Uganda, commended the Convocation’s role in promoting inclusivity:

“Makerere University Convocation has proven to be a steadfast ally in achieving our mission of pursuing an inclusive society in which no one is left behind. We are honoured to be associated with this summit.”

Roofings Uganda has equally expressed strong endorsement, noting that the event aligns closely with their corporate vision:

“At Roofings, we are privileged to endorse the Makerere University Convocation CEOs/Investors’ Summit and call upon all invited guests to be part of this noble cause. Makerere University is a valued partner in nurturing talent and fostering innovation, which aligns closely with our vision of being an accelerator for a sustainable Africa. As sponsors, we are honoured to be associated with this summit that brings together leaders, investors, and visionaries to shape inclusive growth and development.”

With its broad stakeholder support, clear strategic framework, and focus on outcomes, the Makerere University Convocation’s CEOs/Investors’ Round Table Summit is positioned as a landmark event. It will provide a unique platform for academia, industry, and government to converge in pursuit of sustainable growth, innovation, and socio-economic development, not only for Uganda but for the entire Sub-Saharan African region.

Mak Editor

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Change of Course/Programme for Undergraduate Admissions 2025/2026

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The Office of the Academic Registrar, Makerere University has released lists for the recommended for change of course/ programme for Degree/Diploma Scheme and Direct entry for Private/Government sponsored students for the Academic Year 2025/2026.

The lists released can be accessed by following the respective links below:

Elias Tuhereze

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Makerere Signs Open MoU with London School of Economics and Political Science

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Seated Left to Right: Dr. Richard Newfarmer, Dr. Jonathan Leape, Dr. Sarah Sewanyana, Prof. Barnabas Nawangwe, Prof. Ibrahim Mike Okumu and Prof. James Wokadala with other officials (Standing) after the MoU signing on 27th August 2025. Makerere University, through the College of Business and Management Sciences (CoBAMS) and the Economic Policy Research Centre (EPRC), has signed an open Memorandum of Understanding (MoU) with the London School of Economics and Political Science (LSE), 27th August 2025, Kampala Uganda, East Africa.

Makerere University, through the College of Business and Management Sciences (CoBAMS) and the Economic Policy Research Centre (EPRC), has signed an open Memorandum of Understanding (MoU) with the London School of Economics and Political Science (LSE). This MoU is one of several initiatives aimed at strengthening the university’s global collaborations and research partnerships.

In his remarks, Vice Chancellor Prof. Barnabas Nawangwe highlighted Makerere’s recent centenary celebrations as a testament to its long and influential history in Africa. He reaffirmed the university’s commitment to serious, research-driven collaboration, noting Makerere’s aspiration to become a leading student-centered research university that develops solutions to regional challenges.

Prof. Barnabas Nawangwe makes his remarks ahead of the MoU signing. Makerere University, through the College of Business and Management Sciences (CoBAMS) and the Economic Policy Research Centre (EPRC), has signed an open Memorandum of Understanding (MoU) with the London School of Economics and Political Science (LSE), 27th August 2025, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe makes his remarks ahead of the MoU signing.

Prof. Nawangwe emphasized that Makerere’s research addresses critical issues such as widespread poverty, high youth unemployment, the devastating effects of climate change on agriculture, rapid population growth, and political interference in production. These challenges, he explained, call for climate-resilient agriculture, stronger health systems to address emerging diseases, and more inclusive governance. He further observed that Africa’s ambitious goal of producing one million PhDs in the next decade remains constrained by inadequate supervision capacity across the continent, stressing that collaborations like this MoU are key to bridging that gap.

EPRC Executive Director, Dr. Sarah Sewanyana, described the signing as particularly significant for EPRC and its Board of Directors as they embark on a new five-year strategic plan (2025/26–2029/30). She explained that the plan strongly emphasizes strategic collaborations, with this partnership serving as a prime example of leveraging collective strengths to deepen impact. She underscored EPRC’s role in advancing evidence-based policymaking for national development, aligning with Uganda’s National Development Plan IV.

The partners show off the signed MoU. Makerere University, through the College of Business and Management Sciences (CoBAMS) and the Economic Policy Research Centre (EPRC), has signed an open Memorandum of Understanding (MoU) with the London School of Economics and Political Science (LSE), 27th August 2025, Kampala Uganda, East Africa.
The partners show off the signed MoU.

Prof. James Wokadala, Acting Principal of CoBAMS, emphasized that the collaboration seeks to preserve and expand vital human knowledge while strengthening partnerships between academic institutions and global research networks. He noted that these networks are instrumental in advising legal and policy professionals, as well as aligning research agendas with both national and corporate priorities. He expressed pride in the extensive efforts of the School of Economics that have expanded these activities in recent years. He pointed to significant accomplishments that have been achieved in collaboration with IGC, including hosting a 2025 high-level international conference on mobile money payment systems, which positioned Makerere University as a thought leader on critical African economic issues. He also celebrated the successful bid by the School of Economics to host the ‘Africa Meeting of the Econometric Society’ in 2027, further demonstrating its contribution to impactful scholarship and policy influence.

The Acting Principal further emphasized that the new partnership with LSE will build on these achievements, offering immense benefits such as expanding capacity-building opportunities for faculty and students, especially in research and Public Infrastructure Management (PIM). The collaboration will also provide platforms for knowledge dissemination and policy dialogue, while addressing pressing socio-economic and health challenges. Ultimately, he said, formalisation of the partnership amplifies CoBAMS’ commitment to excellence in teaching, research, and innovation.

Speaking on behalf of LSE’s International Growth Centre (IGC), Executive Director Dr. Jonathan Leape expressed delight at formalizing the long-standing collaboration with Makerere and EPRC. He highlighted current joint projects, including research on the impact of the 2020 gender-based vaccine program on women’s skills and learning, studies on reforms in STEM education, and investigations into barriers limiting business growth for entrepreneurs. He stressed that the core mission is to bring researchers and policymakers together to address pressing policy challenges with robust, reliable evidence and innovative solutions.

Prof. Nawangwe presents a souvenir Mak Necktie to Dr. Jonathan Leape. Makerere University, through the College of Business and Management Sciences (CoBAMS) and the Economic Policy Research Centre (EPRC), has signed an open Memorandum of Understanding (MoU) with the London School of Economics and Political Science (LSE), 27th August 2025, Kampala Uganda, East Africa.
Prof. Nawangwe presents a souvenir Mak Necktie to Dr. Jonathan Leape.

The event, held on 27th August 2025, was attended by several dignitaries including Dr. Richard Newfarmer, Country Director for Uganda and Rwanda (IGC); Dr. Nhial Kuch, Senior Country Economist (IGC); and Mary Teddy Nakyejwe, IGC Programme Officer. Also present were the Director of Research, Dr. Ibrahim Kasirye and other members of EPRC leadership.

Eve Nakyanzi
Eve Nakyanzi

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