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CoBAMS October – December 2021 Newsletter

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The CoBAMS Newsletter highlights the events and activities that took place in the College during the months of October to December 2021.

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Business & Management

Graduate Admission Test (GAT) Candidates Recommended for Admission to MBA 2021/2022

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An aerial photo of L-R: The Main Library, Central Teaching Facility 2 (CTF2), School of Economics and School of Business (CoBAMS), Makerere University, Kampala Uganda.

The School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, wishes to inform the following candidates who sat for the Graduate Admission Test (GAT) on 4th December 2021 that they have been recommended for admission to the Master of Business Administration programme 2021/2022.

Please see Downloads below for full list.

For all inquiries contact:

The Dean’s Office
School of Business, Block B, Room 3.2B
E-mail: deanbiz[at]bams.mak.ac.ug
Tel. No.: +256-774-716210, +256-704-710810

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Government encouraged to provide tax exemptions and incentives to SMEs

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The research findings of the project titled “Embracing Social Entrepreneurship as a catalyst to sustainable business growth in Uganda” were disseminated on Wednesday 8th December 2021 at the CoBAMS Conference Room at the School of Business. The purpose of the study was to examine social entrepreneurship as a strategy that could promote sustainable business growth in Uganda.

Assoc. Prof. Peter Turyakira, the Principal Investigator of the project shared findings which revealed that social entrepreneurship is perceived as a business strategy that is intended to solve community-based problems while making some profits to sustain business activities. He also noted that according to their study, women are more likely to get involved in voluntary activities than men; while men and women differ in the nature of social enterprises that they initiate. 

Assoc. Prof. Peter Turyakira presenting the research findings

While presenting his research, Assoc. Prof. Turyakira shared that social entrepreneurship significantly affects sustainable business growth. However, the high cost of operating a business significantly constrains sustainable social enterprises’ growth in Uganda.

The study recommended that the government of Uganda build a financial spectrum that could enable social entrepreneurs access grants for incubation. The study also recommended the provision of preferential funding to social enterprises as well as the provision of tax exemptions, incentives and an enabling legal and regulatory framework to further encourage the establishment and growth of MSMEs.

Ms. Geraldine Ssali, Permanent Secretary of the Ministry of Trade and Cooperatives addresses the guests at the workshop

The Permanent Secretary of the Ministry of Trade and Cooperatives, Ms. Geraldine Ssali, commended the team upon bringing to light findings that show the importance of social entrepreneurship to our country. She further stressed the importance of having courses and curriculums that focus on skills that are relevant for use in the workplace with entrepreneurship and business being at the forefront of all. Ms. Ssali discouraged members present from cocooning themselves to employment only, because there are no jobs. Rather, she encouraged them to start their own businesses and to use their jobs to get capital to invest into their businesses.

CoBAMS Principal, Prof. Eria Hisali addresses the guests at the dissemination workshop

In his remarks at the dissemination workshop, the Principal of CoBAMS, Assoc. Prof. Eria Hisali congratulated the study team upon their achievement and encouraged them to publish their findings in an international journal and integrate them into the teaching curriculum.

Dr. Eric Nzibonera, speaking on behalf of Assoc. Prof. Godfrey Akileng, the Dean School of Business, CoBAMS, congratulated the principal investigator and research team for the good work done. “As a school we are happy that the team has managed to attract funding for this research and also do the work” he said, “These research findings are very critical because they address issues of job creation and issues of sustainable growth of SMEs, because there is no country that can grow without small and medium businesses.”

The “Embracing Social Entrepreneurship as a catalyst to sustainable business growth in Uganda” project was funded by the Government of Uganda through the Makerere University Research and Innovation Fund (Mak-RIF).

Speaking on behalf of Prof. William Bazeyo, the chairperson of Mak-RIF, Dr. John Mutenyo (representative of the research grant management committee) expressed his gratitude to the Government of Uganda for providing the funding to this research and other projects in the University that fall in line with the National Development Plan (NDP) III. Dr. Mutenyo commended the Government for the continued funding to research despite the challenges brought about by the COVID pandemic.

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2nd Oil & Gas Symposium: Govt. Develops National Local Content Policy

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Eng. Irene Batebe and Prof. Eria Hisali (Centre) with other officials and delegates from Ministries, Parliament, OWC and the Private Sector at the 2nd National Oil and Gas Symposium, 9th December 2021, CTF2 Auditorium, Makerere University.

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.

The Permanent Secretary, Eng. Irene Batebe represented the Minister of Energy and Mineral Development, Hon. Ruth Nakabirwa at the 2nd National Oil and Gas Symposium.
The Permanent Secretary, Eng. Irene Batebe represented the Minister of Energy and Mineral Development, Hon. Ruth Nakabirwa at the 2nd National Oil and Gas Symposium.

“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.

The Principal CoBAMS, Prof. Eria Hisali represented the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe.
The Principal CoBAMS, Prof. Eria Hisali represented the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe.

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?”

A screenshot of the Chief Coordinator of Operation Wealth Creation, Gen. Caleb Akandwanaho delivering his remarks.
A screenshot of the Chief Coordinator of Operation Wealth Creation, Gen. Caleb Akandwanaho delivering his remarks.

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.

Victoria Namusoke Kayemba, Sector Head, Oil & Gas, represented the CEO Stanbic Bank Uganda Limited Anne Juuko.
Victoria Namusoke Kayemba, Sector Head, Oil & Gas, represented the CEO Stanbic Bank Uganda Limited Anne Juuko.

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

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