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.
Through the Food for Peace initiative, the Rotary Club of Makerere Passport is stepping in to provide meals to over 200 students who struggle to afford meals, especially during the examination period.
According to Professor Barnabas Nawangwe, the Vice Chancellor of Makerere University and President of the Rotary Club of Makerere Passport, hundreds of students drop out of Makerere University every year due to financial constraints. The reality for those who remain is sometimes tougher, for they struggle to survive.
While addressing the media at a press conference held at Makerere University on November 11, 2026, Prof. Nawangwe shared that many of these students skip meals, a situation that is more frequent during examination periods, when the demands on the brain are much greater.
The University is aware of these reports and in his capacity as Vice Chancellor and President of the Rotary Club of Makerere Passport, Prof. Nawangwe lobbied the club to take action.
In preparation for intervention, a comprehensive needs assessment was conducted, inviting students to come forward and share their needs. About 200 students responded to the survey, indicating a pressing need for food support during examinations.
The findings birthed a legacy project code-named “Food for Peace”, targeting, for a start, 206 students at Makerere University, regardless of their sponsorship status, as long as they participated in the survey. The Makerere Rotary Peace Centre spearheaded the survey that helped identify the first cohort of those who will benefit from the initiative and guided that for a dignified experience, the beneficially names will remain in records and not disclosed.
Prof. Nawangwe emphasised that the core mission of this cause is to move a step up with efforts to ensure that economically challenged students at Makerere University do not go a day without a meal. Service providers in halls of residence will serve these students their food following a meal card.
Seeding the Project
The Guest of Honour, Mr. Emmanuel Katongole, the Rotary International Director (RID) for Zone 22, while launching the initiative shared his personal experience of facing challenges that almost barred him from attaining an education. He believes education is an equaliser in life and that everyone should have a chance to access it. He reminded those in the room that they were all there together because of education.
RID Katongole highlighted the importance of supporting people, both as individuals and as a community. He expressed pride in being part of the launch of this project because it is going to create many more “Emmanuel Katongoles” through the provision of a meal.
He therefore personally committed to contribute UGX 5 million annually, starting this year, for as long as he lives or until the project ends. He also pledged to remain part of the initiative.
92nd Guild Commends “Service above Self”
From a student perspective, H.E. Kadondi Gracious, the 92nd Makerere University Guild President, delivered a vote of thanks for the initiative. She noted that students had petitioned Parliament to intervene in the matter and were happy that solutions had started coming from within.
She framed this move not just as charity, but as a way of restoring hope to Makerereans who were unsure of how they were going to maneuver through the examination period without lunch. In appreciation, the Guild President commended Rotary for showing what it actually means to offer service above self.
Sustainability of the “Food for Peace” Project
Although the immediate intervention is directed towards fewer than 300 students who expressed a need for assistance, the vision is bigger and looking beyond the current examination season.
As the Rotary Passport Club President noted, “if this is going to be sustainable, it means we are going to look out for partners to create a fund to sustain this initiative.”
The Club Secretary, Associate Professor Helen Nambalirwa Nkabala, explained that as a legacy project, it is not a one-off. She committed the services of the Passport Club to supporting this legacy project.
Grounding the sustainability move, RID Emmanuel Katongole set the pace by pledging annual cash and in-kind support towards providing consistent assistance to students throughout subsequent academic periods, thereby enhancing student welfare over the long term.
Dr Winfred Kabumbuli, the Makerere University Dean of Students, showed strong support for the initiative since it falls within the core mission of student welfare. She appreciated the collaboration with Makerere University Passport Club, and pledged to rally internal support.
Call to Action and Contributions
The Club President made an appeal to alumni, corporate bodies, development partners, individuals and institutions of goodwill to join this noble cause, intended to ensure that students not only remain at the University but also attain their full potential on a full stomach.
The immediate fundraising goal is UGX 10 million shillings, which is required to implement the initial phase of food support. Excess amounts collected will facilitate an increase in the number of beneficiaries and after the examination period, add to the kitty for subsequent semesters.
Support and assistance can come in the form of financial contributions, food supplies, corporate partnerships, logistical support, and long-term partnerships.
To facilitate support, the club, through its Charter Treasurer (C.T.), Professor Winston Tumps Ireeta, shared the banking details as follows
Bank: NCBA Uganda Limited.
Account Name: Rotary Club of Makerere Passport
Uganda Shillings (UGX) Account Number: 228129200017
United States Dollar (USD) Account Number: 228129200027
SWIFT Code: CBAFUGKA
Bank Code: 36
Students were left with one final promise from the Chief Guest, “you are no longer alone. You have a partner in the Rotary Club of Makerere Passport.”
Prof. Edward Bbaale, Acting Deputy Vice Chancellor for Finance and Administration at Makerere University, on November 10 2026 welcomed a delegation from the International Water Association (IWA), led by Mr. Keith Robertson, the Learning and Events Director at International Water Association (IWA). Mr. Robertson, in his remarks, highlighted their visit to Makerere University as a fact-finding mission regarding the potential establishment of a new regional IWA office in Africa to support the continent in solving challenges relating to water.
The International Water Association is a leading global nonprofit organisation and knowledge hub for the water and sanitation sector. Connecting more than 10,000 individual members and 500 corporate entities across 140 plus countries, the association bridges the gap between scientific research and practical engineering to solve global water crises, improve sanitation, and secure clean water systems. Currently, IWA is evaluating potential host cities in Africa; Makerere University in Kampala is the first they have visited out of their three countries and venues earmarked.
This meeting held at Makerere Main Administrative Building, was attended by university leadership, faculty from College of Engineering, Design, Art and Technology (CEDAT), and representatives from the National Water and Sewerage Corporation (NWSC). Discussions explored possibilities of the yet to be established office bridging the gap between academic research and practical application in the water sector not only in Uganda but also on the continent.
On behalf of University Management, Prof. Edward Bbaale underscored this engagement that focused on possible Water and Sanitation advancement partnership as one that aligns well with the strategic direction of the University.
Projected Impact of a Kampala-Based IWA Office
Dr Philip Nyenje, Head of Department, Civil and Environmental Engineering (DCEE), expressed optimism about the collaboration, saying, “this is a very good opportunity for us to grow our interest in the sector of water and sanitation.”
In addition, Dr Seith Mugume, a Senior Lecturer at DCEE, noted that the regional office would unlock research and innovation opportunities in the real world for our students and also provide incentives for them to pursue projects within local research and innovation angles.
Eng. Zainab Mpakiraba, Acting Senior Manager at NWSC framed Kampala as a very unique venue for the centre and highlighted Makerere as one of the core academic partners for the regional Eastern and Southern Africa hub of the Global Sanitation Graduate School. Eng. Mpakiraba further endorsed Makerere, saying that, as a top-notch university in Uganda and in the region, when it leads on any aspect, it is able to pull most of the other universities.
Makerere’s Strategic Initiatives and Activities so far in the Area of Water
Dr Nyenje noted that his Department has a very strong base in water and sanitation, covering disciplines like water resources, environmental, structural, and highway engineering. Dr. Mugume added that they are conducting research on “modeling of water resource systems, hydrological and hydraulic modeling,” “water quality management,” and “fecal sludge management, sanitation in low-income and peri-urban areas.”
The two also mentioned that the department has introduced a “master’s in sanitation, and also a postgraduate program… a diploma in sanitation” to address growing interest in the sector.
All these strategies have been made possible through good will and funding from the Government of Uganda, strategic partnerships, and International Collaborations that have positioned Makerere as a key player in the region.
Concluding the session, Prof. Edward Bbaale reaffirmed Makerere’s ability to run this Office when established as the University has human resources in multidisciplinary research, global credibility and working relationships with many organisations and institutions on the continent and far.
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