General
Dr. Martin Aliker to Prof. Maggie Kigozi: The Legacy of MakEF
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 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.”
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.
General
UNDP and Mak Launch Daycare Centre and Multimedia Studio to Boost Gender Equality and Digital Inclusion
Makerere University, in collaboration with the United Nations Development Programme (UNDP) Uganda, has launched two transformative facilities, a Daycare and Breastfeeding Centre at the Institute of Gender and Development Studies (IGDS), and a state-of-the-art Multimedia Studio at the Frank Kalimuzo Central Teaching Facility. These facilities mark a major milestone in the University’s commitment to gender equality, student and staff welfare, and digital innovation in higher education.
A Milestone for Gender Equality: Daycare and Breastfeeding Centre
Mr. Ian King, the Ag. Resident Representative, UNDP Uganda, speaking at launch of the Daycare and Breastfeeding Centre emphasized the importance of the Gender Equality Seal (GES) initiative, funded by the European Union (EU). He applauded the Institute for being the first in Africa to participate in the GES.
Mr. King highlighted the role of the facility to mothers and some fathers in ensuring children’s safety and peace of mind for parents. He further commended the Institute for demonstrating what can be achieved through the programme. He stressed the importance of setting high standards for child care centres and making spaces safe for young parents. The Daycare centre is intended to provide a safe and nurturing environment for children and relief for mothers and fathers to focus on their work and studies.
Prof. Barnabas Nawangwe, the Vice Chancellor, noted that the centre will be crucial in supporting breastfeeding mothers—particularly students and staff—to continue their academic and professional pursuits. Recalling a time when women were barely represented in the University Senate, he acknowledged the significant strides Makerere has made, while also noting ongoing gaps in graduate gender equity.
“The majority of graduates are women, but there are still issues of equity at the graduate level. I think there are still issues that we must solve, and one of them is helping mothers who are students and members of staff to continue with what they do, even when they have got babies to look after because that’s one of the reasons, I think, why many students drop out just because they become mothers,” he added.
He acknowledged that the facility will come in handy for addressing challenges, including balancing motherhood with academic or professional responsibilities. He extended appreciation to UNDP for their long-standing partnership in transforming Makerere into a more inclusive and modern academic institution.
The Head of the Institute of Gender and Development Studies (IGDS), Prof. Sarah Ssali, in her remarks, thanked the Vice Chancellor who catered for the Daycare Centre while designing the building. Prof. Ssali highlighted that the Daycare describes Makerere University‘s history and its commitment to gender equality and inclusion. She highlighted that the University has over 20 gender policies and interventions—with some directly impacting gender equality and others improving the work ecosystem—for example, digitization, quality assurance programmes and scholarship programmes. “But this is the first that directly addresses the needs of both students and staff—mothers and fathers alike—through a shared space for child care,” she said.
Ms. Donna Keirungi, a mother and alumna of the University, shared her personal journey on how challenging it is to balance both studying and childcare. She highlighted that the Daycare Centre aims to make the various policies on gender equality and women’s empowerment practical, and to support the University’s commitment to Gender Equality. The Centre aims to fulfil the University’s Strategic Plan 2020–2030’s emphasis on creating an enabling environment and work-life balance.
“The journey to establish the centre began in 2022 with support from the UNDP, including benchmarking at a well-established Daycare Centre in Parliament. The centre is open to children aged zero to five years, including those of students and staff members,” she highlighted.
The Daycare Centre is unique in that it benefits all members of the University community, including single fathers and students.
H.E. Ssentamu Churchill James, the 91st Guild President, thanked UNDP and the organising committee for their efforts in making the facility a reality, describing it as a testament to the University’s commitment to gender equity, student welfare, and removing barriers for parenting students. He highlighted the importance of peace of mind for students, especially mothers, and how the facility will help them balance their roles.
Advancing Digital Transformation: New Multimedia Studio Launched
In a separate but equally impactful launch at the Frank Kalimuzo Central Teaching Facility, Mr. Ian King described the studio as a strategic milestone in the University’s vision to modernise higher education and foster flexible learning. Mr. King noted that Uganda has made significant progress in digital inclusion with over 13 million internet users. He emphasized that the facility aims to address gaps in digital skills access—with only 3% of the population currently benefiting—and promote digital inclusion in line with the pillars of the Digital Economy Scorecard.
He also expressed confidence that the next Digital Economy Scorecard will show improved figures due to the efforts of Makerere and other universities. The digital studio will provide a dedicated space equipped with modern infrastructure to facilitate equitable access to digital skills development. He encouraged full utilization of the studio to maximise its impact on teaching, learning and skills development. He further thanked the Makerere University Management and development partners for their financial contributions that enabled the studio’s realization.
Prof. Barnabas Nawangwe expressed gratitude to the UNDP for their long-time support, especially with facilities like the Makerere University Innovation Pod (Mak UniPod). He thanked the UNDP for contributing to the modernisation of the University. The Vice Chancellor pledged to use the facility to build capacity across all disciplines and provide knowledge to a wider audience online.
He noted that Africa’s enrolment in higher education is the lowest in the world despite having the fastest-growing population, emphasizing the importance of providing high-quality education to as many people as possible, both on-campus and online. “I’m happy that this facility looks even more diverse than ones I have seen,” he said, expressing his gratitude to UNDP. The Vice Chancellor also highlighted the impact of the UNDP’s support towards unleashing talent and fostering innovation among students. “So by bringing the UniPod, you helped us unlock so much talent, and these students can now come up with the innovations which can be commercialised and create jobs for our fast-growing populations,” said Prof. Nawangwe.
Prof. Paul Birevu Muyinda, the Director, Makerere University Institute of Open Distance and e-Learning (IODel), said that the studio brings a significant leap in content production for e-learning. He expressed gratitude to UNDP for providing the necessary equipment to compete with world-class universities. He highlighted that e-learning courses are now incorporating multimedia elements like video and sound, moving on from the text-based model.
He further mentioned the preference of the younger generation for visual and interactive content, making multimedia content essential for effective teaching and learning. Prof. Muyinda explained how the new multimedia studio will allow for more authentic and context-specific e-learning content, enhancing student engagement. He emphasized that the University is focusing on four key areas: training staff on studio usage, AI literacy, online facilitation, and teaching learners how to use e-learning technology. He underscored the importance of continuous innovation and adaptation in e-learning to keep up with global standards.
Dr. Godfrey Mayende revealed that all science units can also be taught in this Multimedia Studio. He said that the studio provides the naturalness of a class setting as it gives space for students to physically sit in the studio room as the lecturer is teaching or recording a lecture.
The two facilities; Daycare Centre and Multimedia Studio, are the latest in a series of initiatives borne out of the strong partnership between Makerere University and the United Nations Development Programme, including the previously launched Mak UniPod and Gender Equality Seal for Public Institutions. The abovementioned developments offer clear demonstration that Makerere University and the United Nations Development Programme (UNDP) have a strong partnership focused on fostering innovation and development in Uganda and beyond.
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