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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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Business & Management

PIM centre trains 40 in financial analysis

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Some of the participants that took part in the financial analysis training organised by the Public Investment Management Centre of Excellence, Makerere University. Financial Analysis of Public Investment Training by the PIM Centre of Excellence, CoBAMS, Makerere University, 29th Jan-9th February 2024, Jinja, Uganda, East Africa.

The Public Investment Management Centre of Excellence has completed training for over 40 officers in financial analysis of public investment. The training has equipped them with the necessary skills to make informed decisions and effectively evaluate investment opportunities. The 2-week training (Jan 29–Feb 9) took place in Jinja, and covered topics such as financial modeling, risk assessment, and investment strategies. Speaking at the close of the training, Prof. Edward Bbaale, the principal investigator, said the students have gained valuable skills and knowledge that will enable them to confidently analyze and make informed decisions regarding investment opportunities. “The training has been a great success, and we believe it will have a lasting impact on their future careers,” Prof. Bbaale said. He appreciated the faculty members who were drawn from Makerere University, the Ministry of Finance, Planning, and Economic Development, the National Planning Authority, and Cambridge Resources International for their valuable contributions and commitment to the program. Prof. Bbaale called on the trainees to be ambassadors of the PIM cenrtre of Excellence. He emphasized the importance of spreading knowledge and promoting the program’s mission. He also encouraged them to actively engage with stakeholders and help build partnerships for the further success of the program.

Some of the over 40 participants pose for a group photo with the centre manager, Dr. Kagarura Willy (Squatting Front Row Centre). Financial Analysis of Public Investment Training by the PIM Centre of Excellence, CoBAMS, Makerere University, 29th Jan-9th February 2024, Jinja, Uganda, East Africa.

Prof. Bbaale thanked the government of Uganda through MoFPED for the financial support towards the centre’s activities, which include training and capacity building, research, and advisory services to the government. Additionally, he expressed gratitude to the dedicated staff members and participants for their commitment and contributions to the program’s achievements. He thanked the centre manager, Dr. Kagarura Willy for his exceptional leadership and guidance throughout the program. On this part, the Dean, School of Economics, Prof. Ibrahim Mike Okumu expressed his gratitude to all the stakeholders involved. He called on the participants to be good ambassadors of the centre. He also encouraged them to utilize the knowledge gained from the program to make a positive impact in their respective fields. He emphasized the importance of collaboration and knowledge sharing for the advancement of their professions.

Participants in session. Financial Analysis of Public Investment Training by the PIM Centre of Excellence, CoBAMS, Makerere University, 29th Jan-9th February 2024, Jinja, Uganda, East Africa.

One of the officials that undertook the training, Mr Nicholas T, expressed his gratitude for the opportunity and stated that he is committed to applying the skills and insights acquired to drive innovation and excellence at his job. He believes that through collaboration and knowledge sharing, professionals can collectively work towards the advancement of their professions.

Participants tour the Source of the Nile Project Construction site. Financial Analysis of Public Investment Training by the PIM Centre of Excellence, CoBAMS, Makerere University, 29th Jan-9th February 2024, Jinja, Uganda, East Africa.

The centre trained over 40 participants from government Ministries, departments, and private organizations. The team undertook field studies at the Source of the Nile construction project and the Nalubale Electricity Generation Plant.

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Business & Management

Job Opportunity FamilEA Study: Research Assistant (20 Positions)

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An aerial photo of the School of Statistics and Planning (Right) and other colleges CEDAT, CoNAS, CAES, Makerere University, Kampala Uganda

The Department of Population Studies (DPS) at the School of Statistics and Planning (SSP) is conducting a study on “The Remaking of the Family in East Africa (FamilEA)”. The main aim of the study is to map out the shifting family landscape of residents in Kampala Metropolitan (Kampala, Mukono, and Wakiso), including family networks based outside the study area, which is termed the family archipelago. This project will adopt a mixed method (quantitative-qualitative) approach that will extend beyond the household and conjugal family to the extended family and family-like relationships, such as friendships. The project seeks to recruit 20 research assistants.

Position: Research Assistant (20 positions)
Reports to: Field Supervisors / Research Coordinator
Duty Station: Kampala Metropolitan Area (Kampala, Mukono, and Wakiso)

Key duties and responsibilities

  1. Participate in all training, pre-test activities, and pilot surveys.
  2. Recruit research participants for the FamilEA survey.
  3. Administer informed consent forms to all study participants.
  4. Conduct interviews in line with the research project requirements and ethical considerations.
  5. Review and submit data for completed interviews for daily cross-checking and verification.
  6. Ensure completeness and accuracy of the data from the study participants.
  7. Safe and responsible handling of all study tools and equipment provided for the interviews.
  8. Submit daily field reports/timesheets.
  9. Perform other duties related to data collection and management.

Relevant Education Qualifications

A bachelor’s degree in Demography, Population Studies, Statistics, Quantitative Economics, Business Statistics, Sociology, Social Sciences, Records and Archives Management, or any related discipline. Postgraduate training is an added advantage.

Required Experience & Skills

  1. Minimum experience of at least one (1) year of electronic survey data collection using tablets (Redcap, KoboCollect, ODK or SurveyCTO)
  2. Experience working in Kampala Metropolitan Area (Kampala, Mukono, Wakiso).
  3. Fluency in the following languages: Luganda, and English (both written and oral).
  4. Excellent communication and interpersonal skills
  5. Ability to deliver outputs under minimal supervision.
  6. Good teamwork attributes.
  7. Ability to adhere to protocols and guidelines for data collection.

Desirable: Knowledge of other languages e.g. Lusoga, Runyakitara, and Luo

How to Apply

Submit one PDF of the following 4 documents (in the order below):

  1. Cover letter (signed)
  2. CV (Maximum 5 pages)
  3. Copy of degree certificate/transcripts
  4. Copy of National ID

Notes

  1. The PDF must be named as follows: FirstName_LastName_Research Assistant Application
  2. Submission email: famileauganda@gmail.com
  3. Submit by midnight of the 18th February 2024.
  4. Only shortlisted candidates will be contacted for an interview.

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Business & Management

The Actuarial Mega Conference 2024: Unlocking the Future of Pensions & Insurance

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Dr. Felix Wamono and Dr. James Wokadala. Actuarial Mega Conference 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.

As the Actuarial Mega Conference 2024 unfolds at Makerere University‘s Yusuf Lule Central Teaching Facility, its impact resonates particularly powerfully among the students of actuarial science. Organized with precision by the Makerere Actuarial Society, this conference serves as a unique opportunity for students to gain valuable insights, connect with industry professionals, and deepen their understanding of the evolving landscape of pensions and insurance in Uganda.

The conference provides a platform for students to engage directly with keynote speakers renowned for their expertise in actuarial science. These sessions offer students a firsthand glimpse into the real-world applications of their academic pursuits, bridging the gap between theory and practice.

Dr. James Wokadala. Actuarial Mega Conference 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.

The Presentations and panel discussions expose students to cutting-edge concepts, methodologies, and technological advancements in the field. This exposure equips them with a forward-thinking mindset and an understanding of how their academic foundation aligns with industry trends.

The networking sessions serve as a unique opportunity for students to connect with professionals, fellow students, and potential mentors. These connections extend beyond the conference, providing students with a valuable network that can support their academic and professional journey.

Dr. Felix Wamono. Actuarial Mega Conference 2024, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.

Moreover, the conference facilitates interactions with official partners Prudential Assurance and Kenbright, Uganda Insurer’s Association, Insurance Training College, Uganda Retirement Benefits Regulatory Authority, Britam, The Actuarial Association of Uganda, Sky Reinsurance Brokers, creating avenues for students to explore internship opportunities, industry collaborations, and potential career paths within the sectors of pensions and insurance.

By bringing together academia and industry under one roof, the Actuarial Mega Conference 2024 not only imparts knowledge but also empowers students with the tools and connections needed to thrive in their future careers. This live experience at Makerere University is a catalyst for the personal and professional growth of students in actuarial science, unlocking doors to a future where their contributions shape the landscape of financial security in Uganda.

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