Assoc. Prof. Eria Hisali commissions the IT equipment by writing on the smart board in the PIM CoE Conference Room, 4th October 2021, CTF2, Makerere University.
Makerere University Centre of Excellence in Public Investment Management (PIM CoE) on 4th October, 2021 launched an assortment of IT equipment and furniture worth USD 77,000 (approximately UGX 277million) funded by the World Bank in collaboration with the Foreign, Commonwealth and Development Office (FCDO).
The WB and FCDO supported the university with a grant of USD 810,000 to undertake a number of activities including training, research and capacity building at the School of Economics. Part of the capacity building is the procurement of IT equipment and furniture.
The equipment was commissioned by the Principal, College of Business and Management Sciences (CoBAMS) Prof. Eria Hisali on behalf of the University Management witnessed by representatives from the Government of Uganda and the World Bank online.
Assoc. Prof. Eria Hisali addresses participants before commissioning the equipment.
The equipment launched includes a state-of-the-art video conferencing facility theVivitek86” collaborative and interactive flat Novo touch screen that cost USD 34,000. On the screen, you can teach, split and have different people connected to it wirelessly. You can also demonstrate and annotate your presentation on this screen. The smart board has an inbuilt camera that can zoom in and reset videos at any time.
Other IT equipment launched include12 Computers, 4 laptops, 2 LCD projectors, and an all-in-one printer scanner copier all procured at USD 27,000.
The centre also procured office furniture comprising 5 office desks and 5 office tables, 40 training chairs and 20 training tables and a 20-seater boardroom table all worth USD 16,000.
Interim PIM CoE Manager Dr. Willy Kagarura (L) unveils some of the procured equipment at the PIM CoE as Assoc. Prof. Eria Hisali (R) witnesses.
Launching the equipment, Prof. Eria Hisali appreciated the support received from the World Bank, the Foreign, Commonwealth and Development Office and Uganda’s Ministry of Finance, Planning and Economic Development. He emphasized that this should not be looked at as the end but rather, an ongoing process of strengthening the collaborations for the mutual benefit of all the participating institutions.
Dr. Hisali reported that the university has made progress in terms of inputs into this exercise of establishing the Centre of Excellence and had started taking huge steps away from looking at inputs to focusing on certain outputs and outcomes.
In terms of outputs, the Principal said, there were ongoing studies and efforts to integrate PIM into the curriculum of the university, initiate a new master’s program in investment and economic modelling as well as the training and capacity building that has been undertaken both for staff and officials from other areas of government.
L-R: Dr. Willy Kagarura, Assoc. Prof. Eria Hisali and the PI-Prof. Edward Bbaale tour the PIM CoE office space.
The Principal said, the Makerere has all it takes in terms of staff capacity to undertake studies and was now focused on making the PIM CoE more vibrant and planning for its sustainability.
“The challenge we want to focus on now is to go beyond the outputs we have and even ones that we have conceptualized up to this point. We need to continue to develop this as a very vibrant centre of excellence, a centre that speaks to its name, actualizes research in other areas as well as contributes to computation of certain key parameters like the shadow prices etc.
But all these issues speak to one important subject of sustainability of our centre beyond the current support being given by the bank and they are going to be a number of ways we want to look at this. In our previous engagement, we started discussions with the bank on the possibility of additional support but we will also be looking at other avenues of ensuring that the activities of the centre continue”, Dr. Hisali explained.
Assoc. Prof. Eria Hisali (C), Prof. Edward Bbaale (2nd L), Dr. Willy Kagarura (R) and other officials inspect some of the procured furniture.
He said the university has resources from the Government of Uganda through the Research and Innovations Fund (Mak-RIF) and a college scheme to support small studies that the centre can benefit from.
The Principal Investigator PIM CoE Prof. Edward Bbaale who is also Dean School of Economics described the day’s event as remarkable in the history of the school as well as the PIM CoE and extended gratitude to the World Bank, the Foreign, Commonwealth and Development Office (FCDO) and the Government of Uganda for the support.
Prof. Bbaale said the World Bank and FCDO extended a grant of USD 810,000 to establish the centre of excellence as a response to the fact that so much of public investments were going to waste.
He reported that for every dollar that was being invested, only 38 cents or less was realized meaning 60% was lost. As a result, Prof. Bbaale said many strategies were designed to make sure that when government invests, public resources will gain the maximum out of a very dollar invested.
The PI, Prof. Edward Bbaale (L) speaks during the unveiling of procured equipment.
One of the interventions according to the PI was to build capacity on a sustainable basis in a premier institution like Makerere University thus the establishment of the PIM CoE to undertake training in public investment management.
Prof. Bbaale explained that public investment management goes beyond financial analysis of projects to the complex economic analysis of projects.
The Professor said, the computations that are involved in the economic analysis of projects are not only very complicated but also lacking, due to limited capacity in government and universities.
He added that the ongoing intervention is to make sure that this work can be done not only by staff but also graduate students equipped with the required knowledge.
The PI, Prof. Edward Bbaale (L) said the PIM CoE would build capacity on a sustainable basis.
He said the World Bank and FCDO grant has been used for training staff and other stakeholders in impact evaluation methodologies and public investment management and many are lined up including university staff capacity building training slated for November in Ghana.
“What we have done today is one of those things the grant has enabled us to fulfill. We have acquired one of the newest video conferencing facilities at Makerere University that will go a long way in facilitating online learning, online conferencing and online research which is open to be used by the university community.
The World Bank in collaboration with the Foreign, Commonwealth and Development Office has also facilitated us to buy laptops and computers and we have been able to furnish an office with an interim manager. We have a conference table and chairs for training participants and Wi-Fi-enabled projectors which do not need to physically connect to the laptop, but can pick the information on the laptop and project” Prof. Bbaale reported.
The Interim Manager PIM CoE Dr. Willy Rwamparagi Kagarura said, the project aim is to establish a centre of excellence as a training facility that can contribute towards strengthening public investment management in the country.
An IT personel walks participants through some of the interactive smart board’s features using an iPad.
“Out of the USD 810,000, around USD 626,000 (77.3%) has been disbursed. Strategically, this was to sustainably build Capacity in PIM by addressing three areas namely training, research and advising government all aimed at improving returns on public investments.
We targeted to a PIM Centre of Excellence with a pool of experts both physically and structurally. We want to build capacity at the CoE and School of Economics. We are developing Curriculum and training materials to make this a reality. We are to train technical staff at the Ministries, Departments and Agencies and Local Governments, then we have an outreach program where we are doing research and studies after which mainstream PIM into University Economics Curriculum”, Dr. Kagarura said.
Besides the acquisition of the IT equipment and furniture, Dr. Kagarura said the centre has moved fast and trained 37 members comprising staff, students and government officials in impact evaluation methodologies, and drafted the Strategic Plan ready for validation and final print.
PIM CoE Interim Manager Dr. Willy Kagarura presents the project achievements.
Using local curriculum, Dr. Kagarura reported that the centre has trained 45 MDA staff in the first process of a project cycle on how to develop a concept, profile and how to put it in the Integrated Bank of Projects.
The centre according to manager has also trained 10 lecturers to increase capacity for long-term PIM training, drafted the curriculum in Masters of Economic Investment and Modelling submitted to University Senate for approval and onward submission to NCHE.
Dr. Kagarura further said the centre conducted two impact evaluations on Luweero Rural Development Program and on how the improved stoves affect the welfare of people while that final draft of the study on impact of Covid-19 on public investments was awaiting final comments before validation.
As a matter of preparation, Kagarura said 3 members are scheduled to attend training in Mbale in the Financial Analysis Module of PIAR (Economic Analysis due 10th – 23rd October) while at the beginning (8th Nov – 3rd Dec 2021) 4 core staff will be attending a Training of Trainers in Ghana.
Part of the procured furniture in PIM CoE Conference Room, CTF2, Makerere University.
The interim manager hailed the World Bank and FCDO for the funding saying, the startup grant has created a capacity building asset for the country which should be nursed to maturity.
Kagarura however noted that in order to nurture a sustainable capacity building framework or institutional arrangement for the country and the region,there is need for increased capacity among trainers through TOTs whose outputs will be in the areas of capacity building, research and outreach and Advisory Services.
The other need he said, is to lift capacity at the centre to professional levels both in project management professional and impact evaluation so as to completely cover the project cycle.
The centre he also said needs support and to be fully popularized and to work with government so that its collection of tuition from participants is appreciated.
Poor households in low-income countries face numerous risks, from extreme weather events to illness and crop failure. With limited savings and assets, even small shocks can have devastating consequences on welfare. While formal insurance products can potentially help mitigate these risks, their uptake remains remarkably low among rural smallholder farmers, who instead primarily rely on informal risk-sharing networks. This pattern persists despite evidence suggesting that informal insurance mechanisms provide incomplete coverage against shocks. These shocks translate into shortfalls in income and consumption (Karlan et al. 2014, Morduch 1999).
Studying the impact of insurance on farmers’ economic behaviour
In Nanyiti and Pamuk (2025), we focus on smallholder farmers in rural Uganda and examine how different insurance arrangements affect their economic behaviour and decision-making. Uganda provides an ideal setting to explore these questions, as only 1% of adults have formal insurance coverage, despite 67% of households depending on agriculture for their livelihoods. By comparing behaviour under formal insurance (provided by registered companies) versus informal insurance (peer-to-peer transfers), we gain insights into why formal insurance uptake remains low and how farmers respond to different risk management options.
Using a real effort task experiment, we investigate whether the incentives created by these different insurance arrangements influence productivity and risk management decisions. Our findings reveal important behavioural responses that help explain observed patterns in insurance uptake and suggest potential approaches for improving the design and adoption of formal insurance products. We find that farmers exerted less effort under informal insurance but not under formal insurance coverage, and increased their level of formal insurance coverage after experiencing a bad outcome.
The Principal, College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale participated in the Partnership for Action on Green Economy (PAGE) Academy in Rabat, Morocco, from 21 to 23 May 2025. The Academy, themed “Financing a Just Transition to Green and Circular Economies,” convened representatives from PAGE countries across the region.
It was designed to enhance knowledge and promote innovative, inclusive mechanisms for financing and implementing green and just transitions in Africa. The event provided a vital platform for peer learning and knowledge exchange, drawing on best practices and African case studies.
Prof. Bbaale participated in Master Class 3, which explored strategies and partnerships for scaling up training in green and inclusive finance. The session highlighted regional policy trends, rising demand for relevant skills, and importance of collaboration among governments and financial institutions.
Prof. Bbaale contributed to discussions on two critical issues:
How economics departments are adapting curricula to respond to the evolving field of green and, inclusive finance and,
The role of academic research in shaping green financing instruments and supporting reform efforts.
The Principal shared how Makerere University has taken a proactive, multidimensional approach to embedding green and inclusive finance into its economics curriculum. This includes a strong emphasis on technical modelling skills, policy relevance, and cross-disciplinary learning. He highlighted that Makerere is emerging as a regional leader in climate-informed economics education, positioning itself to contribute meaningfully to Africa’s green transition.
On Friday 23rd May 2025, a delegation from the African Economic Research Consortium (AERC) visited Makerere University to strengthen partnership with the School of Economics through re-engineering economic research, capacity building, policy formulation and collaboration to impact Africa’s development and transformation.
The Engagement meeting focusing on shaping Africa’s future in research and development brought on board academic and administrative staff from the School of Economics under the College of Business and Management Sciences (CoBAMS) and the AERC delegation comprising: Prof. Victor Murinde-Executive Director, Dr. Charles Owino-Manager of Strategic Partnerships and Resource Mobilisation, Ms Anna Owino-Personal Assistant to the Director and Ms Veronica Nanyanzi from State House-Uganda.
Underscoring the importance of the engagement meeting, Prof. Murinde said, “Following the keen observation of the recent global economic shifts and geopolitical uncertainty, the AERC seeks strategic partnerships with African governments and institutions to chart the roadmap through research and co-production of evidence-based economic solutions.”
Following the theme, Understanding the future of research and training collaboration with AERC, Prof. Murinde explained that the interaction also presents an opportunity to discuss the AERC Strategic Plan (2025-2035) titled, “Re-inventing the AERC for Delivering Africa’s Economic Prosperity, in which AERC is embarking on a comprehensive reform agenda, designed to strengthen research excellence, enhance policy impact and secure long-term institutional sustainability.
Prof. Victor Murinde, Executive Director of AERC (Left) and Prof. Ibrahim Mike Okumu, Dean, School of Economics (Right).
Concerned about the visibility and recognition of African researchers, Prof. Murinde reported that AERC will ensure that they are acknowledged with their names included in the publications. On the issue of network membership, EARC is considering the following categories: The distinguished service award, AERC Fellows, AERC Associates, and AERC Affiliates.
Distinguished service award-Presented to those individuals who started the work in 1988
AERC Fellows-Researchers who are active in research and capacity building
AERC Associates-For Mid-Career researchers
AERC Affiliates-For Masters’ and PhD students
The AERC was established in 1988, when a group of African scholars and Africanists voiced concern over the disconnect between economic research and policy formulation in Africa. According to the Executive Director, the founders of AERC observed that much of the existing economic research was either inapplicable to Africa’s economic challenges or inadequately utilized in local policymaking. Consequently, the group conceptualized a framework for fostering high-quality economic research tailored to Africa’s specific needs.
The collaboration between the AERC and Makerere University through its School of Economics started in 1988, and has led to impactful economic research in Africa, notable publications, increase in the number of faculty with PhDs at the School of Economics as well as mentorship.
Acknowledging Makerere University School of Economics as a key stakeholder in AERC, Prof. Murinde said, “Without your participation over the last 37 years, AERC would not be here.”
Some of the staff participating in the engagement meeting.
The Executive Director described AERC as a network of members and universities focused on providing evidence based research for policy making in Africa. Stating the key achievements, Prof. Murinde said, “A framework has been put in place to conduct research and collaboration, with AERC providing a network to work with economists across Africa. He added that the AERC has linked up the various Deans in the Member Universities in Africa both in research and the common programmes that they conduct.
Reflecting on the AERC’s journey, he noted that in 1988, the School of Economics could mention one or two members of faculty with PhDs. Over the years, with AERC’s support to research and capacity building, the School of Economics has built a critical mass of faculty with PhDs. He highlighted that some Ugandan economists have worked with the EARC Secretariat and the EARC Board. He pointed out that the most active Ugandan economists in the AERC network are based at the following entities: Makerere University (School of Economics, College of Business and Management Sciences), Bank of Uganda, Economic Policy Research Centre (the think tank), Ministry of Finance, Planning and Economic Development, National Planning Authority, Ministry of Trade, Industry and Cooperatives, and Uganda Development Bank.
In his remarks, the Dean of the School of Economics, Associate Prof. Ibrahim Mike Okumu credited AERC for its continued collaboration, which has significantly contributed to the growth of the School. He appreciated EARC for supporting research, scholarships provided to Masters’ and PhD fellows, support for ICT infrastructure development, and contribution towards the construction of the School of Economics building.
Stressing AERC’s contribution to research at the School of Economics, Prof. Okumu said, “AERC provided opportunities to ‘fresh’ fellows to write proposals. AERC would focus on building the idea. AERC has nurtured most of us into professional researchers/scholars.”
Engagement meeting in session.
The Dean disclosed that in addition to research, some of the personalities nurtured by AERC took on academic leadership positions and have significantly contributed to the growth of the College/School. Some of the personalities include: Prof. John Ddumba-Ssentamu-former Principal and Vice Chancellor of Makerere University, Prof. Eria Hisali-former Principal of the College, Prof. Bruno Yawe-former Deputy Principal, Prof. Edward Bbaale-Principal of the College, Dr. Sarah Ssewanyana-Executive Director, Economic Research Policy Centre, and among others.
Presentation of the AERC strategic plan (2025-2035)
The remarks set the pace for the gist of the engagement meeting, which focused on presentation of the areas of transformation and the new research programmes respectively.
In the presentation, Prof. Murinde explained that AERC was reconfiguring its strategic direction in 2025-2035, to concentrate on the key strategic reform options organized around eight (8) core areas. They include: Research Offerings, Graduate Training, Policy Engagement for research impact, The Consortium structure and governance, Entrenching network membership, Enhanced resource mobilization for financial sustainability, Geographical inclusion, and Possible risks to the planned reforms and how to mitigate them.
Regarding the policy engagement for research impact, Prof. Murinde noted that the ground had shifted with policy makers advocating for the need to embed research into their operations. He reported that the governance structure was going to change to a more inclusive and participatory approach bringing on board stakeholders in research and capacity building.
Prof. Murinde highlighted that the new strategic plan would focus on the following new research programmes:
Security, Governance and Economic Fragility in Africa
Industrial Policy and Growth Strategies in Africa
Unlocking Africa’s Digital Potential for Economic Prosperity
Africa in a Changing World: Jobs through Trade and AfCTA
Informal Cross Border Trade (ICBT) in Africa: measurement and welfare of women, youth and their families
Human Capital, Labour Markets and Migration
Climate Change: Food Systems, Climate Finance, Climate Risk and Resilience
Africa’s Trade and Investment Strategy on China
Macroeconomic Modelling, Management and Policy Reform
Input into the AERC Strategic Plan
The participants observed that the proposed linkage between policy makers and the private sector as well as the approach of co-designing research with policy makers, would contribute significantly to research uptake.
L-R: Ogwal Denis, Proscovia Taaka and Diphus Tugume, Graduate Students participating in the Engagement meeting.
Discussing the new research programmes, the participants suggested that AERC incorporates the following aspects: Integration of Natural resources management into economic modelling; Environmental Management; Interlinkages of Youth unemployment and the Green economy; Value Chains and Emerging threats such as fake products; Urbanisation; Youth and Substance Abuse; Health economics; the Informal Sector; and Agricultural Production.
Voices of the Graduate Students
Contributing to the discussion, the graduate students namely Proscovia Taaka, Diphus Tugume and Denis Ogwal urged AERC to continue supporting the collaborative Masters programme (CMAP) in Economics.
Way forward
Prof. Murinde thanked the participants for the valuable contributions that will definitely enrich the AERC strategic plan. He indicated that some of the proposed themes/ideas, would be considered as work streams within the different research programmes. The future is centered on PhD students at Makerere University and other member Universities formulating research questions in line with the new research programmes. AERC is working on a database of researchers in Africa to facilitate speed-dating in research. AERC plans a twinning programme for African universities, which will enhance joint supervision for PhD students. He pointed out that on completion of the PhD, there will be an opportunity for a post-doc Fellowship. He emphasized that researchers who win “big” projects will be encouraged to have work streams. He revealed a plan for each School of Economics in Africa to access publications across the entire membership.