The Chairperson of Council, Mrs. Lorna Magara (R) hands over a Certificate of Appreciation to Mr. Barnabas Tumusingize (L) who received it on behalf of Outgoing Chairperson, Dr. Martin J. Aliker at the MakEF Board Inauguration on 30th September 2021, CTF2 Auditorium, Makerere University.
The Outgoing Chairperson, Makerere University Endowment Fund (MakEF) Board of Trustees, Dr. Martin J. Aliker has in his handover speech reported that the Inaugural Board grew the onshore fund from scratch to UGX 1.2 Billion by the end of their tenure in 2019. This was at a function presided over by the Chairperson of Council, Mrs. Lorna Magara on 30th September 2021 in the Central Teaching Facility 2 (CTF2) Auditorium to inaugurate the new MakEF Board.
Dr. Aliker’s remarks read on his behalf by member of the Pioneer Board, Mr. Barnabas Tumusingize reported that this growth was made possible through several income generating activities including the MakEF Run (MakRun).
“The onshore return on investment during our tenure was 14.5 percent. All this investment was undertaken through treasury bills, bonds, equities and cash deposits. Our Board considered investing in securities as the primary approach to growing the Fund through capital appreciation” read Dr. Aliker’s speech.
During their tenure, the Inaugural Board appointed a fund administrator, fund manager and custodian for the efficient management of the onshore endowment fund. The onshore fund is complemented by an offshore fund managed in the United Kingdom (U.K.).
Dr. Aliker nevertheless noted that despite its popularity in the global north, the idea of university endowment funds was nascent in Makerere and the African continent. “For instance, there are a few studies that have been conducted to examine the utility and systematic trends that bear useful lessons for the Board and other stakeholders” he added.
He concluded by wishing the incoming board chaired by Professor Maggie Kigozi success. “We commit our availability for consultations as and when the need arises, as We Build for the Future.”
The Vice Chancellor, Prof. Barnabas Nawangwe who was represented by the Principal College of Business and Management Sciences (CoBAMS), Dr. Eria Hisali in his remarks extended sincere gratitude to the outgoing MakEF Board for the pioneer efforts and dedication, despite the fact that the concept of endowment funds is yet to be fully appreciated in this part of the world.
Prof. Nawangwe commended the outgoing board for;
Identifying and entering into contract with two fund managers; GenAfrica Asset Management Limited for the onshore fund and Crown Agents Investment Management for the offshore fund based in the UK.
Their oversight that enabled prudence in investment that resulted in a commendable return on investment. The onshore fund grew from nothing in 2014 to the current UGX 1.5 Billion, while the offshore fund is now valued at 1.5 Million GBP (approximately UGX 7.1 Billion)
Popularising MakEF through various activities such as the MakRun held in 2017, 2018 and 2019.
Reaching out and encouraging Colleges at the University to contribute to the fund. CoBAMS positively responded by establishing a college fund.
Reaching out to institutions affiliated to Makerere University such as Makerere College School and encouraging them to contribute to the fund in response to a resolution by the University Council.
The Vice Chancellor acknowledged that whereas endowment was still in its infancy, the Management looks forward to a future where MakEF would be able to support; the University’s academic endeavours, financial aid to deserving students from humble backgrounds, the University’s research agenda and the University’s long-term strategic planning.
“I would like to start by inviting everyone to join me in appreciating the contribution of Dr. Martin Aliker and the members of the outgoing Board of Trustees, whose dedicated service has led us to this day” remarked Mrs. Lorna Magara, the Chairperson of Council as she commenced her address.
The Chairperson of Council-Mrs. Lorna Magara (6th R) with the New Chairperson-Prof. Maggie Kigozi (7th R) as well as incoming and outgoing members of the MakEF Board of Trustees and Staff after the Inauguration ceremony on 30th September 2021, CTF2, Makerere University.
The Board chaired by Dr. Aliker was also made up of; Ambassador Edith Sempala, Mr. Martin Owiny, Mr. Barnabas R. Tumusingize, Mr. Grace Isabirye, Prof. John Ddumba-Ssentamu and Hon. Gerald Karuhanga.
She observed that it was over seven years since the University Council established MakEF at its 130th Meeting held on 20th February 2014, motivated by the dream to build a sustainable financial base for Makerere and diversify revenue beyond the reliance on student fees and Government subvention.
“The motivation to set up Makerere University Endowment Fund is much more critical today than it was then. The financial demands of the University will continue to rise following the current and future ambitions in research and innovation, along with the need to implement new technologies for teaching and learning” remarked the Chairperson Council.
She added that although MakEF was still modest in comparison to the initiatives of Makerere’s international peers, she was confident that the Fund was on the right path, thanks to the strong foundation laid by Dr. Aliker and the pioneer Board of Trustees.
“It will be up to the new Board to pursue the multiple opportunities available amongst alumni, local and international philanthropists, the private sector, government and development partners to raise the Fund to greater heights” added Mrs. Magara.
She congratulated the new Board upon their appointment and wished them a fruitful tenure. “It is my greatest honour to inaugurate the new Board of Trustees, as We build for the Future” she concluded.
In her acceptance speech, Prof. Maggie Kigozi admitted that it was a great honour to serve as the second Chairperson of Board of Trustees of MakEF, following in the footsteps of Dr. Martin J. Aliker and the commendable work done by his pioneer Board.
“ Makerere University is not only a premier institution of higher learning in Africa but also my alma mater.” Professor Kigozi enthused before adding, “It was truly an honour and a privilege to have been selected. So many people would have loved to be with us here and so we do not overlook the privilege of having been given those years to study at Makerere.”
Professor Maggie Kigozi, the New Chairperson of the Makerere University Endowment Fund (MakEF) Board of Trustees.
Turning to the Mrs. Magara, the first female Chairperson of Council in Makerere’s history she said, “To be here working with you will be such an honour and the young girls out there watching us, watching you, watching me are motivated. They know they can aim for the highest.”
Prof. Kigozi shared that the incoming board would deliberate and agree upon a robust visibility and mobilization campaign hinged on the following;
A digital platform to profile alumni from all over the world and mobilize them to contribute to ongoing activities such as the MakRun
Increasing MakEF’s online presence through a dedicated website that highlights the Fund’s projects and various ways through which contributions can be made
She added that her board would develop an investment plan for the purpose of diversifying MakEF’s investment portfolio so as to grow the asset selection and minimise potential investment risks.
“From my experience in the investment world, I am aware that an investor’s asset allocation decision has a strong bearing on portfolio performance of a Fund. Together with my colleagues, we will review the asset allocations and in consultation with existing policies, determine the best options for the Fund” pledged Prof. Kigozi.
As she concluded her remarks, the Incoming MakEF Board Chairperson highlighted that there was a lack of empirical studies specific to the nascent endowment fund terrain on the continent, which made it difficult for institutions like MakEF to systematically examine trends in the endowment sector as a whole. She therefore implored the university to invest in research in this area, which would eventually benefit both the Board and MakEF’s portfolio.
The new members of the MakEF Board of Trustees are;
Professor Maggie Kigozi – Chairperson
Associate Professor Umar Kakumba – Member
Mr. Martin Owiny – Member
Ms Anne Juuko – Member
Mr. Kenneth Mugambe – Member
Mr. Barnabas R. Tumusingize – Member
Mr. William Ndoleriire – Member
Please see Downloads for brief profiles of the new MakEF Board and Speeches from the event.
The Academic Registrar, Makerere University invites applications for admission to Graduate Programmes (Postgraduate Diplomas, Masters and Doctoral Degree Programmes) for the 2026/2027 Academic Year. Applicants should have obtained at least a first or second class degree (or its equivalent) from a Chartered University at the time of completion. Applicants should also possess a Uganda Certificate of Education (or its equivalent) and a Uganda Advanced Certificate of Education (or its equivalent).
Sponsorship:
All Graduate Programmes are PRIVATELY-SPONSORED. Therefore, applicants seeking sponsorship should have their applications endorsed by their respective sponsors where applicable. Applicants should note that the various fees payable to the University indicated for the various programmes EXCLUDE functional fees, accommodation, books, research and other expenses.
At just 24 years old, Simon Mungudit from the College of Natural Sciences (CoNAS) has etched his name in the academic history of Makerere University, having emerged as the overall best male student in the Sciences, an achievement earned through perseverance, discipline, and an unrelenting pursuit of excellence.
Mungudit is set to graduate during 76th graduation ceremony scheduled for 24th to 27th February 2026, having attained a CGPA of 4.76 in the Bachelor of Science in Petroleum Geoscience and Production. His academic interests-Reservoir Engineering, Petrophysics, and Drilling-reflect a deep understanding of the subsurface sciences that power modern energy systems.
Early Life and Journey to Academic Excellence
Born to Mr. Owor Thomas, a Game Ranger with the Uganda Wildlife Authority at Murchison Falls National Park, and Ms. Lilly Obewun Grace of Akuru Bridge Village, Nyaravur Sub-County in Nebbi District, Mungudit’s journey to academic excellence began far from the lecture halls of Makerere. At Karuma Primary School, Mungudit scored 12 aggregates in the Primary Leaving Examinations (PLE), setting the pace for his future success. He proceeded to St. Daniel Comboni College, Nebbi, where he attained 14 aggregates in 8 subjects at O’ Level. He then joined Namilyango College, one of the best secondary schools in Uganda, where he studied Physics, Chemistry, and Mathematics (PCM) and scored 19 points, results that secured him government sponsorship to pursue a Bachelor of Science in Petroleum Geoscience and Production at Makerere University.
Gratitude to his mentors and sponsors
Behind these milestones lies a story of humility, gratitude and opportunity. Mungudit credits his parents for supporting his primary and O’ Level education and expresses gratitude to TotalEnergies, which provided a full bursary for his A’ Level studies, covering tuition, upkeep, and medical care. He also acknowledges the Government of Uganda for sponsoring his university education, a factor he says motivated him to excel.
At Makerere, Mungudit thrived in an environment that blended rigorous academics with mentorship. He pays tribute to his lecturers, particularly Dr. Arthur Batte, Head, Department of Geology and Petroleum Studies, for their unwavering commitment to nurturing students and pushing them to excel.
“I always aimed to excel,” Mungudit says. “Together with a few colleagues, we formed a group and held discussions on a daily. This, coupled with a conducive study environment, prayer, and discipline, enabled us to attain excellent grades.”
Dr Arthur Batte describes Mungidit as a humble yet very intelligent student.
Achievements and Professional Experience
Beyond academics, Mungudit consistently demonstrated expertise in petroleum engineering. In 2024, he led a team that won the Reservoir Modelling Challenge, organized by the American Association of Petroleum Geologists (AAPG) Makerere University Chapter, earning prize money and a sponsored field trip to the Tilenga Project courtesy of COSL. He was First Runner-Up in the Petro Bowl competitions of 2023 and 2025, a highly competitive petroleum knowledge quiz organized by the Society of Petroleum Engineers (SPE) Uganda Section. He served as a Student Officer for the SPE Makerere University Chapter in 2023, and in 2024, he chaired the Organizing Committee of the SPE Annual Students’ Technical Conference and Exhibition, helping bridge the gap between academia and industry.
His learning extended beyond the classroom. During his internship, he worked with TotalEnergies, where he applied petrophysics skills to analyze gas-while-drilling data for formation evaluation, hands-on exposure that sharpened his professional competence. At Makerere University, he mastered PetroMod 2018, a critical software tool in oil and gas exploration. After completing his studies in June 2025, Mungudit trained with the Uganda National Oil Company (UNOC), participating in the 2D seismic acquisition in the Kasurubani Block in Buliisa and Hoima districts.
Mungudit currently works as the Special Projects Coordinator for the Society of Petroleum Engineers (SPE) Uganda Section Student Liaison Committee.
Future Plans
Mungudit hopes to work in the oil and gas industry in the upstream sector as a geoscientist. He also plans to pursue further studies in petroleum engineering.
From a village in Nebbi to the forefront of petroleum geoscience, Mungudit’s story is one of an opportunity seized and potential realized. It is a testament to what is possible when talent meets support, and when determination is guided by faith, mentorship, and service. As Uganda’s oil and gas sector continues to evolve, Mungudit stands as a symbol of the skilled, principled professionals poised to shape its future.
The CoNAS fraternity congratulates Mungudit on this noble achievement.
Makerere University’s 76th graduation ceremony will be held from February 24th – 27th, 2026, at the Makerere University Freedom Square, starting at 8.30am. During the 76th graduation ceremony, we shall confer degrees and award certificates to 185 PhDs, 2034 Masters, 6,043 bachelors, 137 postgraduate diplomas and 33 diplomas.
I am proud to announce that in comparison to the 75th graduation, we have registered a 30% growth in graduate student output. This is a result of our strategic decision to prioritize graduate education per our research-led agenda.
I also wish to announce that the transcripts have been finalized and are ready for pick up. Today, I am handing over the ready transcripts to the College principals and can be picked up from respective Colleges even before the graduation ceremony.
Important to Note:
In preparation for the graduation ceremony, the University wishes to note the following:
Pre-graduation clearances Graduands are reminded to clear all necessary payments such as tuition and all graduation fees. It is also important to check with your College to ensure your name is on the graduation list and all mandatory clearances with university officials have been finalized. Note and internalize the graduation schedule (attached) to know which day you are graduating.
Securing the graduation gowns Graduation gowns will be issued starting from 2nd February 2026 from the University Hall (Dinning Hall), Monday to Friday, from 9am to 4pm. To collect your gown, check and ensure your name appears on the Senate Graduation list, present your student number or National ID, and proof of payment for the gown.
Security requirements
Attendance: For each day of graduation, entrance to the graduation ground will be by invitation only. Graduands will be issued with invitation cards which permits two guests per graduand. Do not come with more than two people or they will not be allowed access to the graduation venue. Graduands are encouraged to arrive to settle at the Freedom Square by 7am on graduation day to for a seamless flow of planned activities including the necessary security checks.
Prohibited items: Prohibited items include firearms, sharp instruments like mirrors and knives, alcohol, cell or batteries and chemicals, canned food and drinks, laptops, flashes and hard disks, radios including pocket radios, bottled drinks, cameras, large bags or any other heavy items.
Media: All media and journalists who wish to cover the ceremony must be pre-accredited by the Makerere University Public Relations office or they will not be allowed to access the ceremony venue. The access point for accredited media personnel will be the Senate Building.
Parking: There will be two designated parking areas; Rugby Grounds for those coming through the Eastern and Main Gate; and the second one is the Makerere University Main Grounds at Makerere College School. For VVIPs, VIPs and procession parking will be at CTF1, Directorate of Legal parking, St Francis and St Augustine parking, JICA and Senate Building.
Access Control: To ease traffic flow and management, the University has planned three access points to the graduation venue: the School of Social Sciences, Senate Building and the University Swimming Pool.
For help and inquiries
Starting February 2, 2026, the Academic Registrar ’s Office and Graduation Committee will set up an information tent outside the Senate Building to provide guidance and handle all inquiries pertaining to graduation.