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Mak Holdings Ltd New Board Inaugurated Upon a Firm Foundation

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“We know that ultimately you are the land Lord, Your word has said that ‘the earth is Mine and everything that is within it,’ and our role is to be good stewards of the resources that You have given us” prayed Rev. Can. Onesimus Asiimwe as he opened the handover ceremony with prayer.

“So bless them, use them Lord to bring into fruition the plans, the prospects that will bring development to this great university,” echoed the Chaplain’s prayer across in the cavernous Central Teaching Facility 2 (CTF 2) auditorium, where a select few had gathered to witness the handover of the Outgoing and inauguration of the New Board of the Makerere University Holdings Limited (Mak Holdings).

The ceremony, also streamed live to a virtual audience across various platforms on 9th September 2021 was presided over by the Chairperson of Council, Mrs. Lorna Magara and graced by Members of Council, the Vice Chancellor, Prof. Barnabas Nawangwe, Deputy Vice Chancellor (Academic Affairs), Dr. Umar Kakumba, Ag. Deputy Vice Chancellor (Finance and Administration), Dr. Josephine Nabukenya and members of Management.

“On behalf of Management, I would like to thank the Outgoing Board led by Mr. Charles Mbire, for the firm foundation on which the Incoming Board will surely build,” lauded Prof. Nawangwe in his welcome remarks. Mak Holdings was set up by the University Council in June 2014 to improve both the University’s financial position and the nature and extent of services offered to students, personnel and the general public. The first board was inaugurated on 31st August 2014.

The Vice Chancellor reiterated that Makerere has an objective to become a research-led university while decreasing her dependence on the national coffers. He therefore thanked the Outgoing Board for their selfless service to Makerere University in a bid to achieve this objective.

The Vice Chancellor, Prof. Barnabas Nawangwe thanked the Outgoing Board for laying a firm foundation upon which the Incoming Board would build.
The Vice Chancellor, Prof. Barnabas Nawangwe thanked the Outgoing Board for laying a firm foundation upon which the Incoming Board would build.

In recognition of their exemplary service, the Chairperson of Council presented certificates of appreciation and plaques to Mr. Charles Mbire (Chairperson), Dr. Ruth Biyinzika Musoke, Dr. Gorettie Nabanoga, Dr. Winifred Tarinyeba-Kiryabwire (in absentia), Mr. Dan Kasirye (in absentia), Mr. Charles Ocici and Prof. William Bazeyo (in absentia).

“I thank you on behalf of the other Members of the Board of Makerere University Holdings Limited for the trust you gave us to serve our two terms, to steer a newborn baby called Makerere University Holdings Company,” acknowledged Mr. Mbire in his handover speech.

Using the analogy of a midwife and the important role she/he plays when a baby is being born into this world, Mr. Mbire shared that the Outgoing Board Members had sacrificed a lot of their time, effort and applied their expertise to try and get the newborn baby to start walking, and possibly start running.

“From a business angle, you have one of the best assets I can assure you” addressed Mr. Mbire to Members of Council and Management. “You actually do not need much from the Central Government; if you worked around this asset, you would be a self-sustaining university and I beg you and the New Board to work so much towards that” he added.

To inspire the Incoming Board he termed as ‘very capable’, Mr. Mbire shared two departing remarks, “picture yourself with a letter calling you to a committee to explain where the public money of 47 million shareholders has gone” and “eyes on, but hands off. That’s the function of a board”.

The Chairperson of Council, Mrs. Lorna Magara (R) hands over a token of appreciation to Chairman of the Inaugural Board of Mak Holdings, Mr. Charles Mbire during the ceremony on 9th September 2021.
The Chairperson of Council, Mrs. Lorna Magara (R) hands over a token of appreciation to Chairman of the Inaugural Board of Mak Holdings, Mr. Charles Mbire during the ceremony on 9th September 2021.

With the audience’s curiosity sufficiently piqued, it was time for Dr. Josephine Nabukenya to present the profiles of the very capable New Board Members of Mak Holdings. The seven (7) member Mak Holdings Board is composed of four (4) external members and three (3) internal members from Makerere University.

Mr. Christopher K. Musoke (Chairman) is an inclusive financial sector specialist with a wealth of experience in financial management, business management, project management, corporate governance and financial sector development spanning more than two decades.

Dr. Godrey Akileng (Makerere) holds a PhD in Accounting of the National University of Ireland at the University of Cork, a Master of Science, Accounting and Finance and a Bachelor of Commerce (Accounting) of Makerere University. He is currently the Dean of the School of Business and Chair of the School Board and its committees at the College of Business and Management Sciences (CoBAMS). Prior to that, he was Head, Department of Accounting and Finance. He has taught and mentored many students and colleagues, some of whom currently occupy high offices in both public and private sectors in Uganda and Internationally.

Dr. Ruth Biyinzika Musoke is an experienced Private Sector Development expert holding a Doctor of Business Administration; Honoris Causa (DBA) Specialist in Project Management from Commonwealth University, an MBA specializing in SME Development and a Bachelor of Commerce (Accounting). She has more than 10 years of proven working experience as a Programme Manager designing, implementing, monitoring and evaluating projects and programmes as well as providing technical advice to multi-sectoral development projects, including agribusiness, education, manufacturing targeting the corporate and SME sector in both urban and rural development. Ruth has worked extensively on large and complex development programmes in Uganda, Tanzania, Kenya and Ghana for international donor organizations including WB, DFID, EU, ADB and USAID.

Mrs. Judy Rugasira Kyanda is a commercially and technically savvy property professional with over 25 years’ experience in the East African, and the United Kingdom Real Estate markets. Mrs. Kyanda is a result oriented and highly driven individual with proven leadership skills, who is able to deliver results through the development and motivation of teams. She fully understands the value and importance of integrity and accountability in the business environment and uncompromisingly drives her team to go the extra mile to exceed clients’ expectations.

The Ag. Deputy Vice Chancellor (Finance and Administration), Dr. Josephine Nabukenya presented the profiles of the New Board Members.
The Ag. Deputy Vice Chancellor (Finance and Administration), Dr. Josephine Nabukenya presented the profiles of the New Board Members.

Mrs. Priscilla Mirembe Serukka is an experienced Leader and Manager with a Masters Degree in Management. She is an effective team builder with experience in leading dynamic-results-based International organizations. For 15 years, she led an International NGO intervening in 5 East African countries. She also posses 21 years’ experience in building successful investment portfolios and effective funds management.

Assoc. Prof. Ireeta Tumps Winston (Makerere) is a down to earth academic, researcher in optical fiber communication and loves passing on knowledge to others especially his students. He has supervised over 25 MSc. and PhD students and published over 30 peer reviewed journal papers. Assoc. Prof. Ireeta holds a Bachelor of Science Degree in Physics and Mathematics from Makerere University, a Master of Science Degree in Physics (Electro-Optics) from the Norwegian University of Science and Technology (NTNU), Trondheim, Norway and a PhD in Physics (Optical Fiber Communication) from Nelson Mandela Metropolitan University (NMMU), Port Elizabeth, South Africa.  

Prof. William Bazeyo (Makerere) is a Uganda Physician, Academician and a Professor of Occupational Medicine at Makerere University. He holds a Bachelor of Medicine and Bachelor of Surgery Degree (MB ChB) Makerere University, a Master of Medicine Degree (Occupational Health) (M Med OM) National University of Singapore, a Doctor of Philosophy (PhD) Atlantic International University and a Doctor of Science (Honorary Degree) from Tufts University. Prof. Bazeyo also obtained a certificate in Authentic Leadership Development from Harvard Business School. Currently, he acts as Head of Grants Administration, Management and Support Unit (GAMSU) of Makerere University.

Prior to inaugurating the New Board Members, the Chairperson of Council, Mrs. Lorna Magara expressed her deep appreciation of the work that the Outgoing Members had done to bring Mak Holdings to its current state.

 “As the Inaugural Board of Makerere Holdings, you took up the responsibility of steering the company before it attained the proof of concept, and when it was debatable whether a holding company was a workable idea for a university. You built the foundation that has got us where we are today, for this we cannot thank you enough” said Mrs. Magara.

The Chairperson of Council, Mrs. Lorna Magara (L) presents a certificate of appreciation to Dr. Gorettie Nsubuga Nabanoga (R), one of the Inaugural Board Members of Mak Holdings.
The Chairperson of Council, Mrs. Lorna Magara (L) presents a certificate of appreciation to Dr. Gorettie Nsubuga Nabanoga (R), one of the Inaugural Board Members of Mak Holdings.

Carrying forward Mr. Mbire’s analogy of the Inaugural Board’s role as midwife, she added, “You are the parent of this Makerere Holdings and when a parent has delivered a child, they do not leave that child in hospital. They work and nurture and train that child to adulthood and so we are trusting that you will still be available for us to come back to you for consultation and guidance.”

Mrs. Magara warmly welcomed the New Board Chairperson and Members, and thanked them for accepting to serve Makerere University. “An excellent team can only succeed a great team; you are standing on the shoulders of those that have gone before you and so we look forward to a great journey that lies ahead of you. We have all the faith that you will open new frontiers and scale new heights” she added.

The Chairperson noted that although Makerere as the pioneer is still testing the concept of holding companies in Ugandan universities, the Council has great expectations of and confidence in Mak Holdings. “The assets in this university present incredible opportunity to not only provide finances to manage this institution but also provide resources that can reach out to the communities around and make a difference.”

She added that Mak Holdings with the support of Council has the potential to convert the University’s land as well as the Intellectual and other properties to generate the needed revenue to finance her ten year strategic plan as approved in 2020.

“The University Council pledges utmost support to Mak Holdings. Over the last couple of months, we have strengthened the framework conditions in which the company will operate; the University’s Investment Policy has been revised and the reporting relations between Mak Holdings and other University organs have been streamlined” reassured Mrs. Magara before announcing, “It is now my singular honour and privilege to declare the New Board of Directors of Makerere University Holdings inaugurated.”

The Chairman of the Mak Holdings Board of Directors, Mr. Christopher K. Musoke delivers his acceptance speech.
The Chairman of the Mak Holdings Board of Directors, Mr. Christopher K. Musoke delivers his acceptance speech.

Delivering his acceptance remarks, the Chairman Board of Directors Mak Holdings Mr. Christopher K. Musoke thanked the Outgoing Board for laying a foundation upon which they could now build. “I know a little bit about building and if the foundation is not right, whatever you do above ground is a waste of time; something will break.”

Turning to his New Board Members, Mr. Musoke thanked them all for heeding the call to serve, particularly those that had accepted to stay on from the previous term, noting that this would give continuity. He acknowledged that although the New Board had high expectations to meet, he confessed “I believe with God, all things are possible.”

Mr. Musoke noted that although the new normal occasioned by COVID-19 poses a few challenges to the work environment, new and exciting innovations were causing their fair share of disruptions too. “Let us not ignore this. Things are being done differently now because of technology and we must be alert and aware as Makerere Holdings of how we can take advantage of these paradigm shifts.”

“By the grace of God we will triumph and indeed, we will be able to Build for the future” concluded Mr. Musoke.

Please click the embedded video below to view the proceedings


Makerere University Holdings Handover & Inauguration of New Board 9th September 2021

Mark Wamai

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Strengthening Partnerships for Transformative Education: Makerere University Hosts Delegation from University of Malmö

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Prof. Sarah Ssali, the DVC AA, at the Centre, having a photo moment with the delegation from the University of Malmo and some Makerere University Staff. Deputy Vice Chancellor (Academic Affairs), Prof. Sarah Ssali hosts delegation from the University of Malmö, Sweden, marking another milestone in the growing collaboration between the two institutions 28th October 2025, Main Building, Makerere University, Kampala Uganda, East Africa.

By Caroline Kainomugisha

This morning, the Office of the Deputy Vice Chancellor (Academic Affairs), Prof. Sarah Ssali, hosted a delegation from the University of Malmö, Sweden, marking another milestone in the growing collaboration between the two institutions.

The delegation comprised Catrin Stensson, University Lecturer; Dr. Dorota Lembrér, Assistant Professor (Senior Lecturer) in Mathematics Education; Magdalena Sjoestrand Oehrfelt, Senior Lecturer; and Therese Lindgren, Senior Lecturer.

During the meeting, Prof. Mugaga Muwanga traced the genesis of the partnership, noting that it began when Mr. Peter Ssenkusu, a lecturer at Makerere University, participated in a mobility programme at Malmö University focused on competence-based learning. That initial engagement has since blossomed into a strong and fruitful collaboration, illustrating how individual academic initiatives can grow into institution-wide partnerships that drive innovation in higher education.

With over 60 years of experience as a leading teachers’ college in Sweden before attaining university status five years ago, the University of Malmö brings a wealth of expertise in teacher training and pedagogy. This positions it as a strategic partner for Makerere University’s College of Education and External Studies (CEES) in its mission to enhance the training of educators and strengthen Early Childhood Education in Uganda.

Through this partnership, Makerere University has launched two landmark programmes: the Bachelor of Early Childhood Education and the Master of Early Childhood Development. The response to these programmes has been overwhelming, with over 500 and 1,000 applications received respectively. Due to resource constraints, 200 undergraduate and 10 postgraduate students were admitted in the inaugural intake.

Beyond these academic programmes, the partnership continues to create broader institutional benefits. CEES currently hosts 11 PhD candidates whose research focuses on Early Childhood Education a direct outcome of strengthened academic collaboration and knowledge exchange between Makerere and Malmö.

Left to Right; Mr. Peter Ssenkusu, Therese Lindgren, Catrin Stensson, Dr. Dorota Lembrér, Magdalena Sjoestrand Oehrfelt. Deputy Vice Chancellor (Academic Affairs), Prof. Sarah Ssali hosts delegation from the University of Malmö, Sweden, marking another milestone in the growing collaboration between the two institutions 28th October 2025, Main Building, Makerere University, Kampala Uganda, East Africa.
Left to Right; Mr. Peter Ssenkusu, Therese Lindgren, Catrin Stensson, Dr. Dorota Lembrér, Magdalena Sjoestrand Oehrfelt.

With the launch of these two programs, Makerere University reaffirms its position as Uganda’s and the region’s premier institution for shaping the future of Early Childhood Education. The partnership has not only fostered academic exchange and faculty mobility but has also contributed to shaping national policy in Early Childhood Development, in collaboration with the Ministry of Education and Sports and looking to the future, other institutions of higher learning.

Prof. Mugaga Muwanga, together with Mr. Peter Ssenkusu and Mr. David Kabugo, have been instrumental in steering this collaboration to success. Their leadership underscores the power of faculty-led partnerships in translating Memoranda of Understanding into tangible outcomes that transform teaching, learning, and research.

Speaking at the meeting, Prof. Sarah Ssali reaffirmed Makerere University’s commitment to expanding strategic partnerships that advance the University’s academic mission and global reach. “Partnerships such as this not only strengthen our teaching and research capacity but also inspire shared innovation and learning that shapes the education systems of the future for all involved,” she said.

A photo moment at the Makerere University Press. Deputy Vice Chancellor (Academic Affairs), Prof. Sarah Ssali hosts delegation from the University of Malmö, Sweden, marking another milestone in the growing collaboration between the two institutions 28th October 2025, Main Building, Makerere University, Kampala Uganda, East Africa.
A photo moment at the Makerere University Press.

Looking ahead, the partnership will strategically focus on expanding student and faculty mobility, fostering joint research and publications, and introducing taught PhD programmes in Early Childhood Care and Education (ECCE), complementing existing research-based options. Plans are also underway to establish an ECCE Resource Room and a fully-fledged Department of Early Childhood Care and Education at Makerere University, further strengthening the University’s capacity to lead in this critical field.

As Makerere University continues to position itself as a regional benchmark for Early Childhood Education, its partnership with the University of Malmö demonstrates the transformative potential of collaboration, bridging institutions, nations, and disciplines to nurture educators who will shape generations to come.

Caroline Kainomugisha is Communications Officer, Advancement Office, Makerere University.

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Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumna, who is dedicated to promoting inclusive education

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Akwara Malvin on her graduation Day in January 2023. Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumnus, who is dedicated to promoting inclusive education, October 2025, Makerere University, Kampala Uganda, East Africa.

Malvin Akwara obtained a Bachelor of Arts degree in Education, specialising in English Language and Literature, from Makerere University in 2023, with support from the Mastercard Foundation. Since graduating, she has developed a passion for helping young people with disabilities access education at both secondary and university levels.

Who is Malvin Akwara

Malvin was born on 22nd November 1998 in Tororo, Eastern Uganda, into a family of six children (three girls and three boys). Shortly afterwards, the family moved to Kampala, where her father worked as an accountant. In 2009, her father lost his job, marking the beginning of a difficult period for the entire family. When her father who was the only breadwinner lost his job, the family returned to Tororo because they could no longer afford the high cost of living in the city.

Early Education

At the age of three, Malvin began her early childhood education at Clever Junior School in Kitintale, a Kampala suburb, where she attended Nursery School through Primary Three. Here, life was quite good, and she enjoyed being dropped off and picked up by her father, as was typical of most Kampala middle-class families. Unfortunately, it was not long before life took a different twist when her father lost his job and the family moved back to Tororo. In Tororo, she joined Morukebu Primary School, where she sat for her Primary Seven Leaving Examinations. Unlike her experience of a reasonably good life at school in Kampala, she had to walk long distances to and from school (14 kilometres each way) with her siblings, because her father could no longer afford to take them. The family had taken to subsistence farming to earn a living. The family worked together on the farm to grow food for home consumption and to sell some to pay school fees.

Pursuing Secondary Education

With her hard-earned 15 points from the Primary Leaving Examinations, Malvin embarked on her journey towards secondary education. She attended St. John’s Wakitaka in Jinja for her O-level from 2013 to 2016. However, in 2015, just before sitting her Uganda Certificate of Education (UCE) examinations, her father passed away due to peptic ulcers. His death devastated the already struggling family, and life became even harder. Left in the care of her single mother, with no steady source of income, Malvin and her siblings’ prospects looked bleak. Her father’s passing significantly affected her final results; she scored 39 points, which was poor compared to her earlier performance. With support from her paternal uncle, she later joined Budini Boarding Secondary School in Kaliro district, where she scored 14 points in History, Economics, Literature, and Divinity in 2018. By then, her other siblings had dropped out of school due to lack of fees, as their mother could not afford to keep them in school. To make matters worse, family disputes arose when her father’s relatives evicted her mother from the family land, leaving them homeless and with only enough land to grow food for their own consumption.

Pursuing University Education

With 14 points in her 2018 Uganda Advanced Certificate of Education (UACE) examinations, Malvin was hopeful about pursuing her university education with the support of her paternal uncle, who had helped her through A-level. Unfortunately, that hope was short-lived when her uncle shared the difficult news that he could not afford to send her to university because he needed to support his own children financially. The news was a significant setback to her dreams of being the first girl in her family to attend university. Unable to join a university at that time, Malvin embarked on a journey to find small jobs to support her mother and help the family.

It was during her job search that she came to Kampala to work for a family as a house help, mainly caring for her boss’ mother, who was in her sickbed at Kiruddu Hospital. During the three months she spent in the hospital as a caretaker, she learnt about the Mastercard Foundation Scholars Program at Makerere University through one of the family’s children, who was studying there.

Joining the Mastercard Foundation Scholars Program at Makerere University

Armed with the necessary information about the Mastercard Foundation Scholars Program at Makerere University, Malvin applied in 2019 and was delighted to be selected. Soon after, she was given the opportunity to pursue a Bachelor’s degree in Education, specialising in English Language and Literature. While at university, Malvin did not forget her family back home in Tororo. She allocated part of her stipend to support her mother and to ensure her siblings returned to school. During her second year at university in 2020, the global COVID-19 pandemic struck the world, bringing everything to a halt, including education at the university.

Malvin and her colleagues during her time at the Scholars Program. Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumnus, who is dedicated to promoting inclusive education, October 2025, Makerere University, Kampala Uganda, East Africa.
Malvin and her colleagues during her time at the Scholars Program.

When Malvin was grounded at home, just as all her colleagues were, she didn’t let the misery that came with COVID-19 break her down; instead, she used it as an opportunity to support people in her community who were facing social and economic barriers to opportunities. Using her little savings, she started a piggery project to help single mothers in her community by giving them piglets to rear, multiply, and distribute to others experiencing similar challenges.

The piggery project helped several single mothers send their children to school. It is through this piggery project that Malvin came across Omukaga Samuel, a young person living with a disability who had been out of school because his parents could not afford to pay his school fees. With support from the piggery project, Malvin worked together with Samuel’s parents to help their son return to school. This experience with Omukaga Samuel ignited Malvin’s passion for supporting learners living with disabilities to access education.

Malvin with Omukaga Samuel, one of the young person's with disabilities she supported to get back into school. Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumnus, who is dedicated to promoting inclusive education, October 2025, Makerere University, Kampala Uganda, East Africa.
Malvin with Omukaga Samuel, one of the young person’s with disabilities she supported to get back into school.

Life After Makerere University

Upon graduating in 2023, Malvin immediately found a position teaching English Language and Literature at Elite High School, one of Kampala’s top secondary schools.  At this school, Malvin has grown into a professional teacher, career advisor, and mentor to many young people both within and outside the school.

Through mentorship, she has focused on supporting young people living with disabilities to return to school by helping them secure bursaries for secondary education and apply for scholarships to access university. For example, she assisted Omukaga Samuel in applying for the Mastercard Foundation Scholars Program at Makerere University, where he is currently pursuing a Bachelor’s degree in Adult and Community Education, as well as Patricia Namiwanda, who is presently studying for a Master’s degree in Human Rights at Makerere University, all thanks to the Mastercard Foundation Scholars Program.

Samuel Omukaga, a Makerere University student and a Scholar of Mastercard Foundation. Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumnus, who is dedicated to promoting inclusive education, October 2025, Makerere University, Kampala Uganda, East Africa.
Samuel Omukaga, a Makerere University student and a Scholar of Mastercard Foundation.

Malvin has also used her resources to build a decent house for her mother, where she now lives with her siblings in Manafwa District, Eastern Uganda, restoring hope after the family lost their home due to land disputes.

Malvin with her mother. In the background is the decent home she constructed for her. Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumnus, who is dedicated to promoting inclusive education, October 2025, Makerere University, Kampala Uganda, East Africa.
Malvin with her mother. In the background is the decent home she constructed for her.

Impact on the Community

As the first-generation girl to achieve a university education, Malvin has inspired many young girls in her home district of Tororo to pursue further studies and has continued to support them through peer mentorship. Although she works and resides in Kampala, she travels home every Friday to meet and mentor young girls in secondary schools, encouraging them to stay in school and avoid early marriage, which remains a significant challenge for many young girls in Tororo and across Eastern Uganda.

Malvin with some of the young people she mentors at schools in Tororo. Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumnus, who is dedicated to promoting inclusive education, October 2025, Makerere University, Kampala Uganda, East Africa.
Malvin with some of the young people she mentors at schools in Tororo.

In addition, her piggery project has expanded across the entire district, improving the economic well-being of many participants in her community.

Looking into the Future

Malvin is optimistic about a bright future ahead, judging by the progress she has made in her life. She is currently pursuing her Master’s degree in Education with a specialization in Languages at Makerere University. She aspires to specialise in curriculum development and work with the National Curriculum Development Centre (NCDC) to design an inclusive curriculum that will help young people living with disabilities access meaningful education in Uganda. She also envisions building a school in her community that will specifically support young people living with disabilities to attain inclusive, quality education.

Malvin having an interview with Mr. Buteera recently at Makerere University where she is pursuing her Masters degree. Impact Stories: Meet Malvin Akwara, a Mastercard Foundation Scholars Program alumnus, who is dedicated to promoting inclusive education, October 2025, Makerere University, Kampala Uganda, East Africa.
Malvin having an interview with Mr. Buteera recently at Makerere University where she is pursuing her Masters degree.

Message to Fellow Young Women

Malvin urges young women not to despair or give up in the face of difficult situations.

“I urge my fellow young women not to give up or despair when faced with difficult situations. They should always challenge themselves to emerge stronger from such circumstances.” Malvin shares.

Words of Gratitude 

Malvin expressed gratitude to the Mastercard Foundation for the support that enabled her to attain a quality university education at Makerere University.

“If it were not for the Mastercard Foundation Scholars Program, I wouldn’t have attained a university education. I am therefore grateful and humbled for the opportunity extended to me and other Mastercard Foundation Scholars through this life-changing program.” Malvin remarked.

Malvin further urged the Mastercard Foundation Scholars Program team at Makerere University and other Mastercard Foundation partners to reach out to distant areas so that more young people facing social and economic barriers can also access university education.

Bernard Buteera is the Principal Communications Officer for Mastercard Foundation Scholars Program at Makerere University.

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Mak Endowment Fund 3rd Board of Trustees Inaugurated

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Seated: Mrs. Lorna Magara (Centre) with Prof. Sarah Ssali (Left) and Dr. Margaret J. Kigozi (Right) with other officials (Standing) after inauguration of the 3rd MakEF Board on 23rd October 2025. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.

The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) has been officially inaugurated in a ceremony presided over by Mrs. Lorna Magara, Chairperson of the University Council on 23rd October 2025, and moderated by the Secretary to the Board, Mr. Emmanuel Kitamirike

In her address, Mrs. Magara commended the outgoing board, led by Dr. Margaret J. Kigozi, for their remarkable stewardship that saw the Fund grow from UGX 8.66 billion in 2021 to UGX 14.54 billion in 2025. She underscored the Endowment Fund’s vital role in ensuring the University’s financial sustainability amidst fluctuating public funding, reaffirming the Council’s commitment to providing policy and institutional support. Mrs. Magara further urged the incoming Board to uphold transparency, strengthen alumni engagement, and pursue innovative investment strategies to expand the Fund’s impact as Makerere continues to build for the future.

Mrs. Lorna Magara addresses the meeting. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.
Mrs. Lorna Magara addresses the meeting.

Board composition

The newly inaugurated 3rd Board of Trustees (2025–2029) brings together a team of distinguished professionals whose expertise spans business, academia, finance, governance, and social advocacy. Notably, some members have been reappointed in recognition of their exceptional service and contribution to the Fund’s growth during the previous term. The Board is chaired by Dr. Margaret J. Kigozi, a seasoned business leader and former Executive Director of the Uganda Investment Authority (UIA). She is joined by accomplished members including Ms. Jennifer Mwijukye, CEO and founder of Unifreight Cargo Handling Limited; Mr. Ninsiima John Chris, Director of Programmes at NUDIPU and member of the Makerere University Council; Mr. Kenneth Mugambe, former Director of Budget at the Ministry of Finance; Prof. Buyinza Mukadasi, Makerere University’s Academic Registrar and Professor of Forestry Resource Economics; and Mr. Sam Ayesiga, a governance and investment expert with vast experience across Africa. Their diverse backgrounds and renewed commitment are expected to steer the Fund toward even greater stability, innovation, and impact in the years ahead.

Representing the Vice Chancellor, Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, commended the outgoing Board of Trustees of the Makerere University Endowment Fund for their exceptional service marked by growth, innovation, and accountability. She noted that the growth of the fund to UGX 14 billion is a clear testament to strategic vision, prudent management, and confidence in Makerere University’s long-term sustainability. Prof. Ssali praised the Board for initiatives that have united thousands of alumni, staff, and partners, notably through the Makerere Run, which has supported disability inclusion and empowerment.

The Acting Vice Chancellor Prof. Sarah Ssali. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.
The Acting Vice Chancellor Prof. Sarah Ssali.

She also recognized the introduction of the MakAdvance digital platform as a milestone in promoting efficiency and transparency. She welcomed the incoming Board, and challenged the new team to grow the Fund beyond UGX 25 billion through deeper engagement, innovative fundraising, and stronger partnerships. She reaffirmed Management’s commitment to supporting the Fund within robust governance frameworks that inspire stakeholder confidence, emphasizing the shared vision of building a financially resilient Makerere University.

During the handover ceremony, Dr. Margaret J. Kigozi, the Chairperson, reflected on the remarkable progress achieved under the 2021–2025 term, noting the Fund’s growth from UGX 8.66 billion to UGX 14.54 billion — a 68% increase despite global economic challenges. She highlighted key milestones including the institutionalization of the Makerere Run, establishment of the Makerere Gift and Souvenir Shop, launch of The Legacy e-newsletter, and the creation of the Jawaher Fund for the Advancement of Women’s Education, supported by NAMA Establishment in the UAE. Dr. Kigozi expressed gratitude to the outgoing Trustees and reaffirmed her commitment, alongside the new Board, to advance transformative projects such as the construction of the Makerere University Students’ Centre and development of the Makindye land. She emphasized that the Fund’s goal remains to build a financially sustainable Makerere University capable of supporting innovation, research, and academic excellence for generations to come.

Mrs. Lorna Magara (Right) with Dr. Margaret J. Kigozi and her award for her previous tenure as Chairperson. The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) officially inaugurated by Mrs. Lorna Magara, Chairperson of the University Council, 23rd October 2025, Council Room, Kampala Uganda, East Africa.
Mrs. Lorna Magara (Right) with Dr. Margaret J. Kigozi and her award for her previous tenure as Chairperson.

At the inauguration, the Deputy Vice Chancellor in charge of Finance and Administration, Prof. Winston Tumps Ireeta underscored the Fund’s central role in ensuring Makerere’s financial sustainability and institutional legacy. He described the Endowment Fund as a cornerstone of the University’s vision—an instrument through which Makerere secures its future, strengthens its independence, and sustains strategic investments in teaching, research, and innovation. He extended heartfelt appreciation to the outgoing Board, chaired by Dr. Margaret J. Kigozi, for their dedicated service and strong leadership that fortified the Fund’s governance, fundraising, and asset management.

Welcoming the new Board, he congratulated the members on their appointment and urged them to continue expanding and mobilizing resources with integrity and innovation. He reaffirmed his office’s commitment to providing administrative and financial support to ensure that the Fund thrives beyond annual budgetary constraints, contributing meaningfully to Makerere’s vision of becoming a research-led, financially resilient, and globally respected institution.

The Makerere University Endowment Fund (MakEF) was established to secure the University’s financial sustainability by mobilizing, investing, and managing resources to support its core functions of teaching, research, and innovation. Originating from donations made as early as the 1930s, the Fund has evolved into a strategic vehicle that aims to reduce dependence on public funding. It is governed by a Board of Trustees appointed by the University Council, responsible for overseeing investments and resource mobilization. Through initiatives like alumni engagement, digital giving, and events such as the Makerere Run, the Fund continues to grow and strengthen Makerere’s vision of being a research-led and financially resilient institution.

Eve Nakyanzi

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