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.
The Deputy Vice Chancellor in charge of Academic Affairs (DVCAA), Prof. Sarah Ssali has made a strong case for good Minutes Writing, describing the process as “very important in respecting the integrity of the institution.” She made the remarks while officially opening a training workshop organised by the Makerere University Writing Centre (MakWC) for Executive and Administrative Staff on 4th August 2026.
And whereas it is important to consult long serving staff on institutional best practices, Prof. Ssali noted that good minute writing is the best way to preserve institutional memory, especially as staff come and go. She equally pointed out the importance of minutes in addressing issues of legality, as these accounts have since time immemorial been relied on to “help shape records and document the history of states”.
Away from setting the record straight, the DVCAA also stressed the importance of minutes in helping teams better prepare for their next meeting. Minutes, she noted, should help members develop an action matrix with quick turnaround times that empower the next meeting to address what was resolved.
The DVCAA equally underscored the importance of minutes in; helping institutions or their units comply with regulatory requirements, provide accountability in the event of tracking implementation of policies or programmes, and team alignment. “Minutes affect decisions and so they are good reference points for positions agreed upon by teams, especially where there was a lot of debate,” she said about the latter.
Prof. Ssali concluded by thanking executive and administrative staff present for sparing time to attend the training and urged them to uphold the highest degree of ethics and efficiency as they go about this noble task.
The Chairperson, MakWC, Prof. Fredrick Jones Muyodi in his remarks sincerely thanked the DVCAA for reiterating the importance of workshop in equipping staff to become better professionals. He, in the same breath, urged participants to do their best by putting into practice all the knowledge and skills that they acquire during the training.
Participants received specific training on Fundamentals and Roles of the Minute Taker by Mrs. Patience Mushengyezi and Minute Writing Techniques by Ms. Proscovia Nakayiki. The executive and administrative staff were equally tipped on; the Policy and Legal Environment for Minute Writing by Ms. Esther Kabinga, e-Meeting platforms by Dr. Godfrey Mayende, and Ethical and Responsible Use of Artificial Intelligence (AI) by Prof. Paul Birevu Muyinda.
About MakWC
Housed under the Directorate of Research, Innovation and Partnerships (DRIP), MakWC is a pivotal centre aimed at enhancing Makerere University’s strategic goal of becoming a research-led institution by 2030. The centre provides faculty, staff and students with assistance on their papers, projects, reports, multi-modal documents and other writerly needs across disciplines.
Makerere University has officially welcomed the 2026/2027 cohort of freshers, urging them to pursue academic excellence, uphold integrity, embrace diversity and make the most of the opportunities available throughout their university journey.
The opening of Orientation Week, held at the Freedom Square on Monday, 3rd August 2026, brought together University leaders, staff and thousands of newly admitted students. Throughout the event, speakers emphasized academic discipline, personal responsibility, leadership, student welfare and the values that have defined Makerere University for over a century.
Academic Registrar Welcomes Freshers
Delivering his remarks, the Academic Registrar, Prof. Mukadasi Buyinza, congratulated the freshers upon their admission and welcomed them into Makerere University‘s long standing tradition of scholarship, research and innovation.
He reminded the students that joining Makerere University marked the beginning of a new chapter in their lives; one in which they would take full responsibility for shaping their future.
“Your arrival at Makerere marks a new chapter in your own life. This chapter is different because now you have the opportunity to determine the direction of your own story.”
Prof. Buyinza encouraged students to actively participate in academic activities, complete assignments on time and uphold integrity throughout their studies.
He cautioned against examination malpractice, forgery and other forms of academic misconduct, emphasizing that such offences could lead to dismissal from the University.
The Academic Registrar also stressed the importance of completing registration within the prescribed period, reminding students that admission remains provisional until registration requirements have been fulfilled.
“Technically, you are not yet students until you register.”
He further guided students on programme changes, registration procedures, and tuition payment requirements and urged them to carefully read the University’s Joining Instructions.
Beyond academics, Prof. Buyinza advised students to exercise financial discipline, avoid online scams and make responsible personal decisions while adjusting to university life.
Dean of Students Highlights Student Welfare
The Dean of Students, Dr. Winifred Kabumbuli, briefed freshers on accommodation, health services, feeding, spiritual welfare and leadership opportunities available at the University.
She advised students seeking off-campus accommodation to choose only accredited private hostels approved by the University.
“Please make sure you choose a hostel that is safe, comfortable and closer to campus.”
Dr. Kabumbuli also encouraged students to open medical files at the University Hospital instead of self-medicating whenever they fall ill.
“Don’t ignore illness. Don’t self-prescribe. Go for proper medical attention through the University Hospital.”
She urged students to participate in spiritual fellowship through the University’s places of worship and to embrace leadership opportunities available at class, hall and college levels.
Welcoming international students, Dr. Kabumbuli noted that Makerere University has admitted more than 800 international students from 55 countries across five continents, reaffirming the institution’s commitment to providing an inclusive learning environment.
Former Guild President Shares His Makerere Journey
Hon. Lawrence Alionzi (Dangote), inspired the freshers through his personal story, recalling how he joined Makerere University in 2019 as a young student from Arua “with an empty pocket and a bag full of dreams.”
He described Makerere as “the hill of endless possibilities” and challenged students to maximize every opportunity available during their university life.
“The answer to whether you reach the top of the hill lies in what you do between now and the day you graduate.”
Drawing lessons from his own experience, Dangote cautioned students against peer pressure, financial recklessness and online investment scams, encouraging them to choose friends wisely and remain focused on their academic goals.
“Hard work beats talent if talent does not learn to work hard.”
Academic Registrar Clarifies Registration Process
Returning to the podium, Prof. Buyinza clarified registration procedures, programme change guidelines and admission requirements.
He reminded students that failure to register within the stipulated period would result in forfeiture of admission.
“Registration is the most important step that will determine whether you become a university student or not.”
He also advised students seeking programme changes to ensure they meet the required cut-off points and available vacancies before submitting applications.
Prof. Sarah Ssali Calls for Excellence and Integrity
Closing the orientation, the Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali, who represented the Vice Chancellor, Prof. Barnabas Nawangwe, officially welcomed the freshers to Makerere University.
Beginning her remarks, Prof. Ssali asked students admitted to the Bachelor of Arts in Social Sciences to identify themselves before revealing that she too had studied the same programme.
Using her own experience, she reminded students that every academic programme offered by the University is valuable.
“Every course matters. Whatever you have been given, do it as if your life depends on it.”
She congratulated the incoming students, describing their admission as the beginning of a transformative journey that would prepare them to become responsible citizens and future leaders.
“Your achievement reflects your hard work, determination and potential, and we are delighted that you have chosen Makerere University as the next step in your academic journey.”
Prof. Ssali reminded students that every academic programme matters and encouraged them to pursue excellence regardless of the course they had been admitted to.
She reassured students that Makerere remains committed to providing a supportive and inclusive learning environment through academic staff, the Dean of Students’ Office, counselling services, student leaders and other support units.
She particularly encouraged students facing personal or academic challenges to seek help whenever necessary.
Prof. Ssali reaffirmed the University’s zero-tolerance policy on sexual harassment and exploitation.
“Do not suffer silently. Raise your voice. We have zero tolerance for sexual harassment and exploitation of students.”
Encouraging students to engage beyond the classroom, she urged them to participate in research, innovation, sports, leadership, community engagement and international programmes that complement academic learning.
She also called upon students to reject examination malpractice, plagiarism, violence, substance abuse and all forms of misconduct that undermine the University’s values.
“University education is not only about earning a degree; it is about developing the knowledge, character, values and competences required to make a meaningful contribution to society.”
As she concluded, Prof. Ssali challenged the freshers to think about the legacy they wished to leave behind at Makerere University.
“Pursue a life of excellence. Take ownership of your learning, build strong networks and make the most of every opportunity the University offers.”
The 2026/2027 Orientation Week continues with college based sessions that will introduce freshers to academic programmes, registration processes, student support services and university life before the commencement of the new academic year.
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