Business & Management
2nd Oil & Gas Symposium: Govt. Develops National Local Content Policy
The Government of Uganda has drafted the National Local Content Policy in an effort to encourage participation of the private sector in the oil and gas exploration. This was revealed by the Minister of Energy and Mineral Development, Hon. Ruth Nankabirwa, during the second annual National Oil and Gas symposium held on December 9, 2021 in the CTF 2 Auditorium, Makerere University. The symposium was run under the theme “National Content and Sustainability of Uganda’s Oil and Gas Sector”.
The Minister, who was represented by the Permanent Secretary of the Ministry of Energy and Mineral Development, Eng. Irene Batebe, said the government is engaged in skilling Ugandans because the oil and gas sector will create employment for the population directly, indirectly and by induction. She said the government had strengthened vocational training as well as training of farmers and SMEs to ensure they can compete in the industry.
“We have partnered with the German Government, Stanbic Bank and African Development Bank to train our SMEs and ensure they meet the environmental, health and safety standards required by the industry. With this we hope to see more Ugandans participate in the industry,” the Minister said. Because the oil and gas industry is a capital intensive sector, the Minister revealed that they are working with the Ministry of Finance to start a Local Content development fund with the aim of providing seed capital to SMEs and farmers to enable them supply goods and services to the oil and gas industry.
The Minister said the MEMD is training suppliers in an effort to equip them with knowledge of the required standards which will enable them participate in the oil sector. She added that the ministry is undertaking additional work of intensive exploration and a second licensing round with two companies, one of which is Uganda National Oil Company(UNOC), to run key projects such as developing oil fields and constructing supporting infrastructure. “With this, we hope to discover additional oil wells that will sustain the infrastructure we are putting in place,” she added.
In his remarks read for him Prof. Eria Hisali the Principal College of Business and Management Sciences (CoBAMS), the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe, emphasized that the Symposium is very timely as it will help the stakeholders to understand how to participate in the development of the oil sector.
“Investments have started to flow into the country and will increase for the next three years. This provides an opportunity for our businesses to make money and build capacity which can be used beyond Uganda,” he said.
The Chief Coordinator of Operation Wealth Creation Gen. Caleb Akandwanaho who participated online in his opening remarks said, “In the next 5 years, over 10 billion Dollars will be invested in the Albertine region”. He however asked pertinent questions “How are our food, security, logistics, engineering and consultancy companies prepared for the massive investment going to take place in the Albertine region?”
The investment in the region according to the Minister includes 14 fields under development, 6.4 billion barrels of oil and 5 billion cubic feet of gas.
The minister said the Ministry continues to support farmers’ associations in the Albertine region through training in areas of market access and optimization and a needs assessment will be done to underscore if they can supply the pipeline food needs. Responding to the main challenge of access to affordable financing the Minister assured the stakeholders of the planned discussion with the Ministry of Finance, Planning and Economic Development so that a Local Content Development Fund is set up in effort to reiterate Government’s commitment in fostering local content and local participation.
Hon. Dr. Emmanuel Otaala, the Chairperson for the Energy and Resources Committee of Parliament resounded the passing of the Oil and Gas bill saying when passed, the bill will offer opportunities to local suppliers. Dr. Otaala tasked the Ministry of Energy to expedite the proposal and process of the National Content Fund to allow Ugandans participate in the Oil and Gas sector by building skills and being able to financially stand on their own. He concluded by assuring the stakeholders of Parliament’s support.
“Parliament will stand with the public by passing the necessary legislation which will allow Ugandans to participate in the oil and gas sector and we want the development of the Pipeline to be in tandem with the development of the refinery,” he said.
The symposium was attended by companies in the oil and gas sector, private sector, banking sector, security sector, academia, government ministries and SMEs.
Betty Kyakuwa is the Principal Communication Officer, CoBAMS
Staff members from the Department of Population Studies, within the School of Statistics and Planning at Makerere University, have successfully completed a comprehensive three-day training on Doctoral Supervision. The training, held from June 28 to June 30, 2024, was meticulously conducted by esteemed faculty from the College of Education and External Studies, alongside experts from the Directorate of Research and Graduate Training.
The initiative, aimed at enhancing the supervisory skills of doctoral advisors, underscores Makerere University‘s commitment to academic excellence and robust research mentorship. The Deputy Principal of the College of Business and Management Sciences, Prof. James Wokadala, officiated the closing ceremony, commending the participants for their dedication and active engagement throughout the training sessions.
“We are committed to fostering a supportive and rigorous research environment for our doctoral candidates. This training is a testament to our dedication to academic excellence and effective mentorship,” remarked Prof. Wokadala in his closing address.
He said the college has got plans to improve PhD graduation levels, some of which include appointing two PhD coordinators per school. He asked the staff to exhibit high ethical standards while supervising the students.
The training program was generously funded by a grant from the Carnegie Corporation, secured by Dr. Patricia Ndugga. The grant facilitated a series of interactive workshops, case studies, and collaborative discussions, designed to equip the faculty with advanced supervisory techniques and strategies to support doctoral students effectively.
Dr. Patricia Ndugga expressed her gratitude for the support, stating, “This training is a significant step towards enhancing the quality of doctoral supervision at Makerere University. We are grateful to the Carnegie Corporation for their continued support in our quest to improve research training and mentorship.”
The participants, who included both seasoned and emerging academic staff, have expressed their enthusiasm for applying the new skills and knowledge gained to their supervisory roles, thereby enriching the academic journey of their doctoral students.
Makerere University remains steadfast in its mission to provide top-tier education and research training, continuously seeking avenues to enhance the capabilities of its faculty and the academic experience of its students.
In a key gathering at College of Business and Management Sciences’ School of Economics, stakeholders from diverse sectors convened yesterday (June 20, 24) to envision the future of economic education in Uganda. The occasion centered around the unveiling of the proposed Bachelor of Science in Development Economics, a program poised to reshape how economic challenges are addressed and opportunities harnessed in the country.
Among the esteemed speakers were Prof. Edward Bbaale, Principal of the college, and Prof. Ibrahim Mike Okumu, Dean of the School of Economics, whose shared enthusiasm for the new program underscored its potential impact. “This initiative aligns seamlessly with Uganda’s Development Goal Vision 2030 and the National Development Plan III (NDPIII),” Prof. Bbaale remarked. “Our aim is to empower students with the knowledge and skills to drive sustainable development across the nation.”
“Our aim is not only to contribute to the development of Uganda but also to impact the wider African region and beyond,” Prof. Bbaale said.
Development Economics, as emphasized by Prof. Okumu, represents a fusion of economic theory and practical application aimed at fostering inclusive growth and poverty reduction. “This program,” he explained, “is not just about classroom learning; it’s about preparing future economists to engage directly with real-world challenges and policy-making processes.”
With an emphasis on research-led teaching and innovative approaches to economic analysis, the Bachelor of Science in Development Economics aims to position graduates as thought leaders capable of driving sustainable economic growth and development.
The workshop provided a dynamic forum for stakeholders from the Ministry of Finance, Planning and Economic Development, as well as representatives from KCCA, CHUSS, CONAS, URA, and the private sector, to offer valuable insights. Discussions centered on curriculum design, industry relevance, and collaborative opportunities, reflecting a shared commitment to equipping graduates with the skills demanded by today’s economy.
“The Ministry of Finance recognizes the pivotal role of this program in advancing Uganda’s economic agenda,” noted a representative during the workshop. “By focusing on development economics, we are fostering a cadre of professionals capable of driving innovation and sustainable growth.”
From the private sector, there was a clear call for graduates who possess not only theoretical knowledge but also practical experience. “We look forward to collaborating with the School of Economics to ensure that students gain hands-on skills that are directly applicable to our evolving business landscape,” remarked a representative from a leading industry player.
Looking forward, the School of Economics aims to integrate stakeholder feedback into finalizing the program’s curriculum and securing necessary accreditation. With an emphasis on research and policy analysis, the Bachelor of Science in Development Economics aims to prepare graduates to become catalysts for change, equipped to navigate Uganda’s economic complexities.
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