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Address Financial Literacy to Improve Household Income-Study

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Findings by a team of researchers from the College of Business and Management Sciences (CoBAMS) have recommended that the Government through its agencies should partner with private financial institutions to organise financial literacy trainings to teach households on how to access capital, save and invest in productive ventures. The recommendations were made at a research dissemination workshop for the project titled: Evaluation of the effectiveness of financial inclusion on household’s welfare in Uganda: A case study of Busoga region.

While officially opening the hybrid dissemination workshop held on Wednesday 29th September 2020 in the School of Business Conference Room and virtually, the Principal CoBAMS, Dr. Eria Hisali thanked the Government of Uganda for funding the project through the Makerere University Research and Innovations Fund (Mak-RIF). He equally commended the Principal Investigator (PI), Dr. Eric Nzibonera and his team on successfully completing their project and achieving the set objectives.

Chief Guest at the Dissemination Mr. John Peter Mujuni represented The Executive Director, Microfinance Support Centre.

Dr. Hisali proposed four options to ensure that the findings from the study reach a wider audience.

  1. Immediately upload the findings on the College’s new working paper series website, which will enable staff to read the document and provide feedback
  2. Proceed to transform the working paper into a journal article so as to reach audiences from different parts of the world
  3. Proactively review curricular in preparation for the possibility of gradually using research from Makerere as part of course outlines and teaching materials.
  4. Take advantage of the College’s planned framework of engaging policy makers formally through policy labs that will be held every quarter.
Principal College of Business and Management Sciences Dr. Eria Hisali officially opened the workshop

Presenting the findings from the project, the PI Dr. Nzibonera thanked the Principal for his advice and his research team for their hard work. Other members of the team that sampled 430 heads of households included the Dean School of Business Dr. Godfrey Akileng and Ms. Hellen Nambi.

“Financial Inclusion is a process through which financial services are delivered to the disadvantaged and low-income sections of the society on a timely basis and at affordable costs” defined Dr. Nzibonera, adding that “the relationship between financial inclusion and poverty alleviation has been widely discussed but only few studies explore the effect of financial inclusion on household welfare.”

He therefore shared the twofold objective of the project as; to establish the extent to which the rural households engage in financial inclusion and to examine the nature of household welfare and establish the extent to which financial inclusion enhance households’ welfare. The latter, he noted, would help guide policy recommendations to the Government and private sector.

Project PI – Dr. Eric Nzibonera (back row 5th Right), Dean of School of Business- Dr. Godfrey Akileng (R) in a group photo after dissemination of the project findings.

Dr. Nzibonera noted that financial inclusion is measured through establishing the extent of availability and accessibility to financial services, affordability, usage and quality of financial products. He added that household welfare is improved through access to quality education and health services, improved shelter, food production and consumption as well as access to information.

The findings on availability and accessibility to financial services revealed an interesting pattern. “Whereas households still find it hard to access formal financial services for savings and deposits’ and services provided by bank agents are irregular, they easily access mobile money services for withdrawals and payments” he shared.

In terms of affordability, findings revealed that although the cost of accessing financial institutions and withdrawing funds from mobile money agents is still high, the cost of accessing financial services through bank agents and carrying out financial transactions through financial institutions is affordable.

Investigations into the usage and quality of services showed that households find it easy to use mobile money and village SACCOs to make deposits and payments for school fees. Despite the ease of use, households find it hard to save with banks, microfinance institutions and SACCOs.

“The accounts opened in banks and SACCOs are not frequently used and the services offered by banks or their agents are not regular” added Dr. Nzibonera.

The research team’s findings showed that financial inclusion has partly enhanced the welfare if households in Busoga.

“The study revealed improvement in income levels as a result of accessing loans from financial institutions and SACCOs. The number of school going children has also increased as a result of borrowing opportunities from SACCOs” said the PI.  

Dr. Nzibonera added that although it is easy for households to access information about financial services relevant for welfare improvement, “there is limited income to enable households gain access to good healthcare and carry out construction.”

The team therefore made the following policy recommendations;

  1. Financial and microfinance institutions should employ agents to at least every parish or sub-county to grant households easy access to financial services.
  2. Government through District commercial officers should encourage households to organise into village savings and credit cooperative organisations (SACCOs) at parish level and identify unique financial products that promote savings and investments for different groups.
  3. Government agencies such as the Micro Finance Support Centre and Operation Wealth Creation (OWC) should partner with private financial institutions to organise financial literacy trainings for households on how to save as well as identify and invest in productive investment ventures.
  4. The cost of financing should be reduced to rates that are affordable by households. This will improve household income for both consumption and investment.
  5. Financial institutions should design financial products that would enable households to access funds for construction as long as there is a clear payment plan and evidence of source of income for loan repayments.

Speaking on behalf of the Mak-RIF Grants Management Committee (GMC) Chairperson Prof. William Bazeyo, Dr. Helen Nambalirwa Nkabala congratulated the research team upon the successful dissemination and thanked Dr. Hisali for proposing policy labs as a means of engaging policy makers.

She urged Dr. Nzibonera as a firsthand witness on the state of financial inclusion to go beyond the policy recommendations and draft a successor project proposal on solutions that can clearly and precisely take financial inclusion at the grassroots level to the next level.

“You are the right people to guide Government on what unique product the community will get and how it will help improve their financial knowledge” she recommended.

Dr. Nkabala thanked the Government for funding research and innovations that inform national development priorities and the University Management for creating an environment conducive to conducting research. In the same breath she thanked the GMC for providing oversight and the GMC Secretariat for ensuring that the projects run smoothly.

“This is a clear example of taking the Ivory Tower to the community” she concluded.

Representing Mr. John Peter Mujuni, Executive Director, Microfinance Support Centre (MSC) and Chief Guest at the dissemination, Mr. Godfrey Mangeni thanked the research team for a job well done, and pledged take the findings and policy recommendations very seriously.

“Please share these findings so that we can work with you in other areas like Bukedi and Karomoja to improve our services” he remarked.

Mr. Mangeni shared that there still remains a lot of work to be done to support Government’s Parish Development Model in the Busoga region despite MSC’s zonal office in Jinja and a satellite office in Iganga and as such, called upon researchers from Makerere to share their expertise.

Dean of School of Business and Member of Research Team- Dr. Godfrey Akileng

Delivering the concluding remarks, Dr. Akileng in his dual capacity as Research Team member and Dean noted that Financial Inclusion is an important topical issue for national development and therefore expressed happiness that the Government had found it fitting to fund the project.

“As a nation, we need to reflect reflect on Government interventions aimed at addressing gaps of financial inclusion that financial institutions have not been able to fill” he rallied. This reflection, he said, ought to be guided by the question ‘Where have been the successes in social impact and where have been the failures?’

He noted that although Financial Technology (FINTECH) is the buzzword when it comes to improving service delivery, its success is hinged on how easy it will be for end-users at the grassroots level to adopt the various solutions offered.

“I believe that a highly informed community with the ability to easily access financial services and mobilise savings is key to the improvement of household earnings as well as boost demand and productivity in the country” he added.

In the discussion that preceded the concluding remarks, Mr. John Emoi, the Manager Investments at Uganda Development Bank who joined the conversation virtually had expressed his organisation’s keen interest in the days topic and research findings. Particularly, he had urged the research team to include the development of FINTECH models as a means of disseminating financial services among their policy recommendations.

In conclusion, Dr. Akileng called for affirmative action for business teaching institutions, “Business touches every sector and it is important to appreciate that if we must make money in any sector, we must understand business.”

Mark Wamai

Business & Management

Dr Gemeda Olani Akuma’s productivity at Makerere University unearths the potential of postdoctoral fellowships

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Prof. Edward Bbaale poses for a group photo with Dr. Gemeda Olani Akuma and staff at the farewell on 2nd September 2026. College of Business and Management Sciences (CoBAMS) Environment for Development Initiative (EfD at Mak Centre) farewell to celebrate the outstanding contributions of Dr Gemeda Olani Akuma from the University of Cape Town, South Africa conclusion of his postdoctoral fellowship (July 2025 to September 2026), 2nd September 2026, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.

September 02, 2026: The College of Business and Management Sciences (CoBAMS) through the Environment for Development Initiative (EfD at Mak Centre) hosted a farewell event to celebrate the outstanding contributions of Dr Gemeda Olani Akuma as he concluded his postdoctoral fellowship at Makerere University.

About Dr Gemeda

Dr Gemeda Olani Akuma from the University of Cape Town, South Africa has served as a Postdoctoral fellow at Makerere University from July 2025 to September 2026.

During the Postdoctoral fellowship, Dr Gemeda has made significant contributions to research on water systems, biodiversity, and ecosystem services in Uganda. He has collaborated closely with Makerere faculty members on several research projects, with two scientific manuscripts currently under review for publication.

Beyond research, Dr Gemeda played an instrumental role in mentoring graduate students (Master’s and PhD students) by providing technical guidance on their research projects and dissertations.

A Fellowship Built on Learning and Collaboration

Speaking at the farewell ceremony, Dr Gemeda appreciated the Swedish International Development Cooperation Agency (Sida) for supporting his postdoctoral fellowship at Makerere University.

Dr. Gemeda O. Akuma delivering his heartfelt appreciation speech. College of Business and Management Sciences (CoBAMS) Environment for Development Initiative (EfD at Mak Centre) farewell to celebrate the outstanding contributions of Dr Gemeda Olani Akuma from the University of Cape Town, South Africa conclusion of his postdoctoral fellowship (July 2025 to September 2026), 2nd September 2026, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.
Dr. Gemeda O. Akuma delivering his heartfelt appreciation speech.

Specific to his postdoctoral fellowship, Dr Gemeda said: “I was focused on my work. I came here to learn, understand the wider research dynamics, enrich my experience, widen my international networks. It has been a very productive engagement. Two papers have been written, submitted to journals, and they will be published soon.”

Reflecting on his experience, he appreciated the professional relationships and academic networks built during his stay, describing them as a strong foundation for future collaboration.

“The EfD community has been like a family to me. It has been very welcoming and supportive, and it made me feel at home throughout my fellowship,” he said.

He acknowledged the support and cordial working relationship that he received from Prof. Edward Bbaale, Dr Peter Babyenda, and Mr. Gyaviira Ssewankambo.

Dr Gemeda described his fellowship at the EfD-Makerere Centre as a productive engagement that enriched his research experience, expanded his international exposure, and created valuable opportunities for future collaboration.

He pledged to remain an ambassador for Makerere University by sustaining the academic and professional relationships established during the fellowship. He expressed commitment to pursuing future joint research initiatives and invited colleagues to Ethiopia to further strengthen academic collaboration.

Sustaining Networks for Future Research

Prof. Edward Bbaale, Principal CoBAMS and Director of the EfD Makerere Centre, lauds Dr. Gemeda’s impactful contributions. College of Business and Management Sciences (CoBAMS) Environment for Development Initiative (EfD at Mak Centre) farewell to celebrate the outstanding contributions of Dr Gemeda Olani Akuma from the University of Cape Town, South Africa conclusion of his postdoctoral fellowship (July 2025 to September 2026), 2nd September 2026, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale, Principal CoBAMS and Director of the EfD Makerere Centre, lauds Dr. Gemeda’s impactful contributions.

The Principal, College of Business and Management Sciences and Director-EfD Makerere Centre, Prof. Edward Bbaale, commended Dr Gemeda for his remarkable contribution to the College’s research agenda and graduate training.

“Dr. Gemeda’s work demonstrated the value of postdoctoral fellows in strengthening research and scholarly publication at Makerere University. He described his research outputs as scientifically rigorous, well disseminated, and of significant academic value,” he noted.

Underscoring the experience gained from Dr Gemeda’s productive postdoctoral fellowship, Prof. Bbaale called upon Makerere University to strengthen and institutionalize the postdoctoral programme to significantly contribute to its research intensive strategy. Prof. Bbaale articulated that postdoctoral fellowships have a great potential including deepening collaboration between researchers in Uganda and institutions abroad.

Prof. Bbaale highlighted that Makerere University should tap into the experience gained from programmes such as Dr Gemeda’s postdoctoral fellowship to improve its institutional frameworks and encourage more academic units to host postdoctoral researchers.

He commended the EfD-Makerere Centre for providing a supportive research environment and emphasized the importance of sustaining the academic networks established during the fellowship to foster future research collaboration, knowledge exchange, and joint scholarly initiatives.

Advancing Research, Policy and Graduate Mentorship

Moderating the ceremony, Dr Peter Babyenda, Policy Engagement Coordinator at College of Business and Management Sciences (CoBAMS), applauded Dr Gemeda for advancing research and policy engagement with Government of Uganda ministries and agencies.

Dr Peter Babyenda, Policy Engagement Coordinator at CoBAMS, applauds Dr Gemeda for exceptional contributions. College of Business and Management Sciences (CoBAMS) Environment for Development Initiative (EfD at Mak Centre) farewell to celebrate the outstanding contributions of Dr Gemeda Olani Akuma from the University of Cape Town, South Africa conclusion of his postdoctoral fellowship (July 2025 to September 2026), 2nd September 2026, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.
Dr Peter Babyenda, Policy Engagement Coordinator at CoBAMS, applauds Dr Gemeda for exceptional contributions.

He praised Dr Gemeda’s mentorship of Master’s and PhD students and his contribution to Natural Capital Accounting research, noting that his fellowship had made a lasting impact on research, policy engagement, and capacity building at Makerere University.

Farewell Messages from Colleagues and Participants

During the farewell ceremony, Dr Nicholas Kilimani, a research fellow at EfD and member of faculty at CoBAMS thanked Dr Gemeda for his support to Environment for Development (EfD). He expressed hope for continued collaboration, wishing him productivity and success in his next chapter.

Dr Florence Lwiza, a faculty member at the College of Agricultural and Environmental Sciences (CAES) described Dr Gemeda as approachable and highly productive, particularly in strengthening the visibility of collaborative research. She wished him success and expressed confidence that their professional collaboration would continue.

Dr. Florence Lwiza of College of Agricultural and Environmental Sciences (CAES) commends Dr. Gemeda for boosting research visibility. College of Business and Management Sciences (CoBAMS) Environment for Development Initiative (EfD at Mak Centre) farewell to celebrate the outstanding contributions of Dr Gemeda Olani Akuma from the University of Cape Town, South Africa conclusion of his postdoctoral fellowship (July 2025 to September 2026), 2nd September 2026, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.
Dr. Florence Lwiza of College of Agricultural and Environmental Sciences (CAES) commends Dr. Gemeda for boosting research visibility.

Ms Rhoda Kahita, a member of staff at the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM), praised his diligence and willingness to support colleagues, describing him as hardworking, approachable, and always ready to assist despite his demanding schedule.

Mr. Gyaviira Ssewankambo, Manager of the Environment for Development Initiative (EfD)-Makerere Centre, commended Dr Gemeda’s exceptional commitment and dedication to collaborative research.

“That experience reflected his passion, determination, and commitment to producing quality work,” Ssewankambo said.

Ms Alice Nalweera, a researcher at the EfD-Makerere Centre, appreciated the Centre for hosting Dr Gemeda and highlighted his positive attitude and teamwork, noting that he made a significant contribution to the Centre’s collaborative research environment.

Ms Ritah Namisango, Principal Communication Officer at Makerere University, applauded Dr Gemeda for advancing the University’s vision of “Building for the Future” through research, partnerships, grant writing, and international collaboration.

Heartwarming moment: Dr. Gemeda receives commemorative souvenirs from his mentees—Master’s and PhD students. College of Business and Management Sciences (CoBAMS) Environment for Development Initiative (EfD at Mak Centre) farewell to celebrate the outstanding contributions of Dr Gemeda Olani Akuma from the University of Cape Town, South Africa conclusion of his postdoctoral fellowship (July 2025 to September 2026), 2nd September 2026, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.
Heartwarming moment: Dr. Gemeda receives commemorative souvenirs from his mentees—Master’s and PhD students.

To re-kindle the Makerere University spirit and friendship, Prof. Edward Bbaale, the Principal College of Business and Management Sciences (CoBAMS), and some of the Master’s and PhD students he has mentored presented to Dr Gemeda commemorative Souvenirs amidst applause from the audience.

The ceremony was attended by several Makerere University officials and members of the EfD-Makerere Centre, including Prof. Edward Bbaale-Principal-College of Business and Management Sciences (CoBAMS) and Director-EfD Makerere Centre, Dr Peter Babyenda- Policy Engagement Coordinator at CoBAMS, Gyaviira Ssewankambo-Manager-EfD Makerere Centre, researchers, and members of faculty who have worked closely with Dr Gemeda.

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Ritah Namisango
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“Professionalism is Key in Management Success,” said Mr. Peter Mubiru

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CoBAMS Management and Staff witness as join the Outgoing College Bursar-Mr. Peter Mubiru officially hands over to Mr. George Lusiba on 31st August 2026. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

“I have enjoyed working with educated and brilliant people,” remarked Mr. Peter Mubiru at the handover of the office of the College Bursar held on 31st August 2026 at the College of Business and Management Sciences.

Reflecting on his career journey at Makerere University, which commenced in 1998, Mr. Mubiru who has served with dedication and distinction said: “Professionalism is key in management success.”

Outgoing College Bursar, Mr. Peter Mubiru reflecting on his career journey. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Outgoing College Bursar, Mr. Peter Mubiru reflecting on his career journey.

Mr. Mubiru reached the mandatory retirement age on 25th August 2026, marking the end of a career spanning nearly three decades in Makerere University’s audit and financial management functions. In his 28 years of service, which he described as a rich and rewarding experience, Mr. Mubiru held the following positions: Assistant Internal Auditor, Head of Revenue and Expenditure Office, Principal Accountant, and College Bursar.

Addressing the College leadership and staff as well as University officials from the Directorate of Internal Audit, and the Directorate of Finance who convened to witness the colourful handover ceremony to Mr. George Lusiba, Mr. Mubiru appreciated the different offices at the University for their cooperation throughout his years of service.

In a very special way, he was delighted to note that Mr. George Lusiba who was taking over the mantle as the new College Bursar has worked with him closely in the execution of several tasks and activities within the Directorate of Finance. “To Mr. Lusiba, I wish you the best of luck in the position of the College Bursar,” said Mr. Mubiru.

From Internal Audit to Financial Management

Mr. Mubiru joined the University service in 1998 as Assistant Internal Auditor, a position that he held for one year. During this period, Mr. Mubiru prepared a report examining the collection and management of revenue at Makerere University.

According to Mr. Mubiru, the recommendations in the report impressed the University Management and Council. Consequently, he was transferred from Internal Audit to the Finance Department, where he served as Head of Revenue and Expenditure, presenting to him an opportunity to contribute directly to implementing some of the recommendations. He was later promoted to Principal Accountant, which positioned him to serve the College of Business and Management Sciences, and a key specialist in financial management and implementation within the University and beyond.

At the College level, Mr. Mubiru has been responsible of overseeing the financial functions within the college, management of the college annual budgeting processes, preparing financial reports at the university and college level, and ensuring compliance with financial guidelines of the university.

Staff directly overseen by the outgoing CoBAMS Bursar pose together for a photo session during the handover. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Staff directly overseen by the outgoing CoBAMS Bursar pose together for a photo session during the handover.

He acknowledged the tremendous support received from the following members of staff whom he has been supervising at the College level:  Mr. Charles Ssuna, Ms. Florence Amoding, and Ms. Mary Taaka.

Recognition of impactful service

The Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale, applauded Mr. Peter Mubiru, for his dedicated service and contribution to the College over the years.

The Principal CoBAMS, Prof. Edward Bbaale,delivering his appreciation remarks. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
The Principal CoBAMS, Prof. Edward Bbaale,delivering his appreciation remarks.

He welcomed the incoming College Bursar, Mr. George Lusiba, and expressed the readiness of the College leadership and staff to work with him to ensure an efficient and effective financial management function. “Through his service, Mr. Lusiba will contribute to the continued growth and effective administration of the College,” said the Principal.

A Legacy of Leadership and Mentorship

The Dean, School of Business, Associate Professor Godfrey Akileng praised Mr. Peter Mubiru for the outstanding service, leadership, and mentorship.

“Mr. Mubiru is a straightforward and dedicated professional whose contributions had left a lasting impact on the School of Business and the wider university community,” he added.

He encouraged Mr. Mubiru to embrace retirement as an opportunity to pursue new ventures, wishing him good health, fulfillment, and God’s abundant blessings.

Compliance and Continuity in Office Transitions

Mr. Patrick Akonyet, Director of Internal Audit, highlights the public service standing orders. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Mr. Patrick Akonyet, Director of Internal Audit, highlights the public service standing orders.

Mr. Patrick Akonyet, the Head of the Internal Audit Directorate at Makerere University, highlighted the Public Service Standing Orders that govern the handover of office. He noted that these guidelines provide the minimum standards for conducting a lawful and transparent handover, accountability and safeguarding of public resources, as well as promoting continuity in institutional operations.

Collaboration, Accountability and Financial Stewardship

Delivering his acceptance remarks, Mr. Lusiba pledged to work with the College leadership, staff and stakeholders in the execution of the financial management function.

Incoming College Bursar, Mr. George Lusiba, delivering his acceptance remarks. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Incoming College Bursar, Mr. George Lusiba, delivering his acceptance remarks.

“I am deeply honoured to take on the responsibility of the College Bursar. I thank the College leadership and staff for the warm welcome and I pledge to collaborate with everyone to strengthen financial stewardship, accountability and service to excellence.”

The handover ceremony was witnessed by following university staff: Prof. Edward Bbaale-Principal, Associate Professor James Wokadala-Deputy Principal, Dean, School of Business-Associate Professor Godfrey Akileng, Dean, School of Economics-Associate Professor Ibrahim Mike Okumu, Dean, School of Statistics and Planning-Dr. Margaret Banga, Mr. Patrick Akonyet-Head of Internal Audit, Mr. George Turyamureeba-Deputy University Bursar, Ms Racheal Ikiriza-College Human Resource, Mr. David Ikoma-College Procurement Officer, Ms. Ritah Namisango-Principal Communication Officer, Ms. Stella Butamanya-School Registrar, Mr. Joseph Ikarokok-Chief Custodian, Mr. Julius Muhwezi-Planning Officer and among other members of staff at the College level.

Pleased with Mr. Peter Mubiru’s record of a service, Dr John Bosco Oryema, a member of faculty at the College of Business and Management Sciences said: “Congratulations upon reaching the mandatory retirement. You served with a smile and dedication. I remember when you were the Chief Cashier in the Main Building, you supported many of us in processing the Staff Development Fund. Enjoy the fruits of the hard work.”

Goodwill messages from staff and colleagues

Dr Jude Mugarura: It was a great service coupled with commitment and professionalism. Well done my dear brother, Mr. Peter Mubiru.

Dr Faisal Buyinza: Dear Peter Mubiru, congratulations upon your dedicated service to Makerere University.

Dr Zaina Nakabuye: Congratulations Mr. Peter Mubiru upon reaching this milestone.

Dr Aisha Nanyiti: Congratulations Mr. Peter Mubiru on your dedicated service.

Dr Susan Namirembe Kavuma: Well done Mr. Peter Mubiru, we wish you the best in your new chapter of your life.

Dr Issa  Sekatawa: My brother, you have served. We enjoyed our brotherhood before I joined Makerere University

Dr Christopher Muganga: Mr. Peter Mubiru, for your great service to Makerere University and humanity at large, and all the best in your upcoming engagements.

Agnes Ssempebwa: Congratulations Mr. Peter Mubiru on your dedicated service, I wish you od’s blessings in your new chapter of life

Geoffrey Nuwagaba: Thank you Mr. Peter Mubiru for serving us diligently and retire with flowers. I pray that more gates open for you in the next endeavours.

Dr. Patricia Ndugga: Congratulations Mr. Peter Mubiru on your diligent service. Best wishes ahead.

Emmanuel Ssemuyaga: Congratulations on your retirement. It has been a pleasure and privilege working with you. I truly enjoyed the time we interacted, and your contribution, warmth, and collegiality made the experience both exciting and memorable.

Peter Kisaakye: Congratulations Mr. Peter Mubiru. Wishing you well.

Dr Sarah Bimbona: Congratulations. Wishing you all the best in the new Chapter.

Dr Godfrey Akileng: Congratulations. Thank you for completing your tour of duty in building for the future. Your diligent contribution and professionalism leaves a mark. You have been a brother. May the good Lord bless you abundantly.

Dr Kasim Sendawula: Well done Mr. Peter Mubiru. We have indeed enjoyed your dedicated service. May the Almighty God bless you as you embark on a new chapter of life.

Dr Marion Nanyanzi: Congratulations Mr. Peter Mubiru. May the Almighty God bless and guide you as you begin a new chapter.

Dr John Mushomi: Well done Mr. Peter Mubiru. Thanks for keeping young and cool. I am sure work has just started at yours as you retire. The world needs your service more than ever before.

Tadeo Masimengo: May you be blessed as you retire from Makerere University

Dr Peter Babyenda: Thank you for the work well done. Best wishes.

Chris Alioni:  Congratulations Mr. Peter Mubiru. You have served well.

Dr Stephen Wandera:  Congratulations Mr. Peter Mubiru. You have served us well. I will miss this great partnership and collegial work ethic.

Dr Lillian Tukahirwa: You have served Makerere University with dedication. To God be the glory for the accomplishments and good work.

Jude Sebuliba: Congratulations Mr. Peter Mubiru. I wish you a successful and fruitful re-engagement.

Patience R. Mushengyezi: Congratulations Mr. Peter Mubiru. May God guide you in your next phase.

Paneah Asiimwe: You are a good man. Mr. Peter Mubiru, enjoy your retirement.

Dan Kiganda: Congratulations Mr. Peter Mubiru. Thank you for the dedicated service.

Eric Tumwesigye: Enjoy your next deployments because definitely, you are going for fresh and awesome deployments.

Pictorial:

Mr. Peter Mubiru cutting the cake with CoBAMS Management and Staff. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Mr. Peter Mubiru cutting the cake with CoBAMS Management and Staff.

Mr. Peter Mubiru, shares a moment of fellowship with colleagues as he serves them cake. Mr. Peter Mubiru handover of the office of the College Bursar to Mr. George Lusiba, 31st August 2026, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Mr. Peter Mubiru, shares a moment of fellowship with colleagues as he serves them cake.

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The Gambia Benchmarks Makerere’s Public Investment Management Model

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Prof. Edward Bbaale and Prof. Eria Hisali pose for a group photo with Mr Baboucarr Jobe, his delegation and officials on 28th August 2026. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.

The Gambia is looking to deepen its public investment management (PIM) systems by drawing lessons from Uganda, with a high-level delegation from the West African country visiting Makerere University’s Public Investment Management (PIM) Centre of Excellence to benchmark Uganda’s experience.

The delegation, led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, visited Makerere University’s Public Investment Management (PIM) Centre of Excellence to learn from Uganda’s approach to project conceptualisation, appraisal, implementation, monitoring and evaluation.

The visit is part of wider reforms being undertaken by The Gambia to strengthen its economic, judicial and institutional systems, with public investment management identified as a critical area for improvement.

Speaking during the visit, Mr Jobe said The Gambia had embarked on PIM reforms in collaboration with the International Monetary Fund (IMF), which advised the country to benchmark its systems against countries with relevant experience.

“Several countries were recommended, but we ultimately chose Uganda. I am happy to say that we are glad we selected Uganda for this assignment,” he said.

He noted that although the delegation initially intended to focus specifically on public investment management, the visit had exposed them to broader areas with potential for cooperation between Uganda and The Gambia.

The delegation also visited Makerere University’s Innovation Centre, where it explored initiatives that could support collaboration between the two countries in advancing economic development.

Mr Jobe said institutions in The Gambia, including the University of The Gambia and the Civil Service University, could potentially collaborate with Makerere University and its Innovation Centre.

Closing gaps in public investment

Mr Jobe identified project conceptualisation, project evaluation, project implementation, monitoring and evaluation as some of the major gaps in The Gambia’s public investment management system.

He said the delegation was particularly impressed by Uganda’s systematic approach to managing public investments and the collaboration among institutions involved in the process.

Mr Baboucarr Jobe. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Mr Baboucarr Jobe.

“What has impressed us in Uganda is the manner in which the public investment management process is carried out step by step,” he said.

The Gambian delegation also observed collaboration among key government institutions, including the Ministry of Finance, Office of the Prime Minister, Office of the President and other stakeholders.

Mr Jobe said such institutional collaboration was an important lesson that The Gambia would seek to replicate.

The delegation had an opportunity to participate in a Development Committee meeting, where they observed how different government offices work together to advance Uganda’s development priorities.

Makerere Centre plays key role

The visit was hosted by the Public Investment Management Centre of Excellence, which is integrated into Uganda’s broader public investment management system.

Prof. Edward Bbaale welcomed the Gambian delegation and said the visit provided an opportunity for peer learning and exchange of practical experiences between the two countries.

He said countries were at different stages of strengthening their public investment systems, making peer learning an important avenue for identifying approaches that could be adapted to different institutional contexts.

Prof. Edward Bbaale. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale.

“We hope to share not only what has worked well, but also some of the challenges we have encountered and the lessons we have drawn from them,” Prof. Bbaale said.

He encouraged the delegation to engage openly with the Makerere team, ask questions and share their own experiences to ensure that the benchmarking exercise was practical and mutually beneficial.

Building capacity for better investments

Prof. Eria Hisali, who presented an overview of the Centre, emphasised the importance of strengthening public investment systems to ensure that limited public resources are used effectively.

He explained that capital investments remain a key driver of economic growth, but governments often face resource constraints that make it impossible to implement every proposed project.

A strong public investment management system, he said, enables governments to assess and select projects based on their potential returns and development impact.

The Centre aims to support this process by building a pool of well-prepared projects at different stages of development, enabling government to make informed decisions about which projects to finance and implement.

Prof. Eria Hisali (L) presents Makerere's Souvenir Coffee Table Book to Mr Baboucarr Jobe (R). Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Eria Hisali (L) presents Makerere University‘s Souvenir Coffee Table Book to Mr Baboucarr Jobe (R).

The PIM Centre of Excellence was established with support from the Foreign, Commonwealth and Development Office (FCDO), the UK Trust Fund and the Government of Uganda. It initially operated as a project before being mainstreamed into the Government of Uganda, with its resources now coming directly from government.

Since its establishment, the Centre has trained 526 public-sector officials in areas related to public investment management.

Its training programmes cover key stages of the PIM cycle, including project conceptualisation, integrated analysis, feasibility studies, financial and economic appraisal, risk analysis, project execution, procurement and evaluation.

Strengthening South–South cooperation

For Mr Jobe, the visit was also an opportunity to challenge the tendency of African countries to look outside the continent for solutions to development challenges.

He argued that African countries operate in broadly similar environments and face many common challenges, making the continent an important source of knowledge and practical solutions.

“We need to move away from always looking outside Africa for solutions. There are many valuable initiatives being undertaken by our African brothers and sisters, and it is important that we learn from one another,” he said.

Prof. Eria Hisali takes the delegation on a brief guided tour of the Main Campus. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Eria Hisali takes the delegation on a brief guided tour of the Main Campus.

He proposed stronger partnerships between institutions in Uganda and The Gambia, including possible collaboration between universities and civil service training institutions.

“This visit is one step in that direction. South–South cooperation needs to be further strengthened,” he said.

Investing limited resources for greater impact

The Gambian delegation’s interest in public investment management is closely linked to the country’s development challenges.

According to Mr Jobe, The Gambia’s GDP is currently just under US$3 billion, with annual economic growth estimated at between five and six per cent. Inflation has declined significantly from double-digit levels to approximately seven per cent, although poverty remains high at more than 50 per cent.

He said strengthening public investment management was therefore essential to ensuring that the country’s limited public resources generate tangible benefits for citizens.

Prof. Edward Bbaale takes the delegation on a guided tour of the upcoming Makerere Museum. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale takes the delegation on a guided tour of the upcoming Makerere Museum.

“This visit will help us ensure that public investment and the limited public resources available to us are utilised efficiently and provide benefits to the average Gambian,” he said.

He added that achieving value for money from public resources would enable citizens to experience greater benefits from government investments and contribute to poverty reduction. The visit marked an important step towards strengthening institutional cooperation between Uganda and The Gambia, while positioning Makerere University and its PIM Centre of Excellence as a potential partner in building public-sector capacity beyond Uganda.

Betty Kyakuwa
Betty Kyakuwa

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