Business & Management

CoBAMS Holds Training to Improve Investment Appraisal & Risk Analysis

Published

4 years ago

February 23, 2022

The Principal CoBAMS-Prof. Eria Hisali (5th R) and the PI PIM CoE at CoBAMS-Prof. Edward Bbaale with participants at the launch of the training on 21st February 2022 in Jinja.

The Public Investment Management (PIM) Centre of Excellence at the College of Business and Management Sciences (CoBAMS) has started a two-week training in Investment Appraisal and Risk Analysis. The trainees are drawn from the Ministry of Finance, Ministry of Works, Makerere University, Ministry of Tourism, Wildlife and Antiquities, Ministry of Trade and Industry, Ministry of Education among other MDAs. The training taking place in Jinja, was opened on February 21, 2022 by the Principal CoBAMS, Prof. Eria Hisali.

Prof. Hisali commended the PIM team for fostering knowledge transfer and also encouraged the participants to take keen interest in the course, saying the skills they will get during the duration of the training will help improve the way the country does public investment.

The Principal CoBAMS, Prof. Eria Hisali.

It is envisioned that the capacity building will ensure that projects that are financed can meet the expected outcomes, hence maximize their returns of these investments to the country.

He said CoBAMS was committed to rolling out capacity building with the intention of starting a Masters in Public Investment Management. He called on the trainees to participate in the intermediary level training so that they too can become trainers. “As we embark on developing capacity in PIM, we need to look at forming an umbrella body which will help self-regulate, set and manage standards,” Prof. Hisali said.

The Principal thanked the World Bank for funding the PIM project and the Cambridge Resources International and the Ministry of Finance for partnering with CoBAMS.

Prof. Eria Hisali (C) and Prof. Edward Bbaale (R) with the Commissioner for Projects and Public Investments (PIMs) in the Ministry of Finance, Planning and Economic Development, Hannington Ashaba (R).

The Principal Investigator of the project, Prof. Edward Bbaale also thanked the World Bank and all other partners for trusting the Centre with the training needs of the country.

Ms Rachel K. Sebudde a Senior Economist with the World Bank commended the government for its effort in improving management of public investments.

“As World Bank, representing Development partners, we do commend the various actions government is undertaking to improve the way public investments are managed in the country,” Ms Sebudde said.

Participants listen to Ms Rachel K. Sebudde (on screen).

The government has in recent years increased the amount of resources it allocates to capital investments. Despite the increase, the country still faces challenges of the quality of the infrastructure.

“If these constrained are removed, the country would no doubt accelerate economic growth and improve quality of life,” Ms Sebudde said.

She warned that it will be difficult to maximize returns from oil and gas investments if the quality of projects is poor.

A section of the participants attending the training.

According to the World Bank study, quality issues arise from the poor design of projects, delays in implementation, cost escalations, time-overruns, contract disputes, abandonment of projects, substandard quality of some completed projects, and rapid depreciation of public capital stock.

The World Bank Officer advised that to make the public resources yield higher returns, and increase and sustain higher rates of economic growth, the government must aggressively improve its investment management capacity, so that projects are well selected, well prepared, transparently tendered and delivered on time and within budget. It then also needs to maintain its existing and new assets, she added.

Participants listen keenly to proceedings.

She reaffirmed the World Bank’s commitment to supporting Uganda’s development agenda. “As a Development Partner, we appreciate the commitment and zeal that the country continues to demonstrate in exploring alternative and more efficient models for development,” Ms Sebudde said.

According to Mr. Hannington Ashaba, a Commissioner in the Ministry of Finance, the government recognizes the need to improve public investment management and has been training its officers in this regard. A few were trained abroad but government sort to reduce the cost of training by establishing the Centre of Excellence for Public Investment Management at Makerere University. This he said will also allow for training of more public service officers.

Dr. Willy Kagarura, the Manager to the PIM Centre of Excellence said the University was committed to providing capacity building to the government. He applied to the World Bank to continue to support the Centre for at least 5 years as it strategizes on being self-sustaining and generating income.

Dr. Willy Kagarura, Manager of the PIM Centre of Excellence, CoBAMS.

The Public Investment Management Centre of Excellence

The centre was established following a study done by the World Bank. The diagnostic done in 2016 revealed that there was low return on investment. Some studies revealed that the country was losing 60% of the investments it made. To this end, the World Bank recommended the establishment of a PIM training centre. The centre offers capacity building in Public Investment management systems. The training offered by the Centre is at 3 levels.

Basic training: It was recommended that this training be massive. It targets people working on government projects. This involves identifying projects, concept writing, profile writing, feasibility studies and uploading the same on the Integrated Bank of projects (IBP)
Intermediary level: This brings in technics of appraising projects before they are selected to go into the public investment plan.
Advanced Level: Professional training- MSc and PhD.

The Centre got seed funding from the World Bank, having commissioned the study, which revealed the gaps.

Objectives

Capacity building in public Investment management
Research in PIM related fields
Advisory services

Related Topics:appraisal Centre of Excellence CoBAMS Investment Jinja PIM Public Investment Management risk analysis Training World Bank

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Business & Management

Cementing the Mak-UNISA partnership: Prof. Sarah Ssali meets Dr. Sizile Makola

Published

1 day ago

April 15, 2026

Ritah Namisango

L-R: Associate Prof. Godfrey Akileng, Dean,School of Business, Visiting Scholar-Dr. Sizile Makola, DVCAA-Prof. Sarah Ssali, Ms. Agnes Sansa-PhD Student during the meeting on 13th April 2026.

On 13^th April 2026, Prof. Sarah Ssali, the Deputy Vice Chancellor (Academic Affairs) of Makerere University, hosted Dr. Sizile Makola, a Visiting Scholar and Senior Lecturer from the University of South Africa (UNISA).

Makerere University and the University of South Africa committed to partnership and collaboration through a signed Memorandum of Understanding (MoU). Consequently, Dr. Makola, a researcher and an expert in human resource and business management is scheduled to spend two weeks at Makerere University, interacting with the leadership at different levels, researchers, students, as well as staff in the Department of Marketing and Management, School of Business under the College of Business and Management Sciences (CoBAMS).

Additionally, the visit accords Dr. Makola the golden opportunity to finalise her comparative studies with members of staff from the Department of Marketing and Management on behalf of Makerere University for the Ugandan context.

The meeting between the Deputy Vice Chancellor (Academic Affairs) and Dr. Sizile Makola was attended by Associate Professor Godfrey Akileng-the Dean, School of Business, and Ms. Agnes Sansa from the Department of Marketing and Management.

Welcoming the Visiting Scholar, the Deputy Vice Chancellor (Academic Affairs) urged Dr. Makola to solidify the Memorandum of Understanding (MoU) between both universities through academic exchanges and deepening scholarship on African-centred leadership.

Prof. Ssali shared a brief trajectory that has shaped Uganda’s workspace. She mentioned the critical role of three pillars that have fundamentally influenced the human resource development landscape in Uganda namely: Cultural practices, Structural Adjustment Programs (SAP), and Spirituality/Religion. She also acknowledged the distinct historical differences between Uganda and South Africa.

Dr. Makola’s discussion with the Deputy Vice Chancellor (Academic Affairs) also featured the ongoing comparative study that Dr. Sizile Makola and Ms. Agnes Sansa are conducting in relation to how organizational and human resource management conditions shape the recognition and conversion of women leadership resilience in Uganda and South Africa.

The study is titled: Ubuntu/Obuntu Bulamu, Emotional Capital and Women’s Leadership Resilience: A Comparative Study Across Public and Private Sectors in South Africa and Uganda.

Impressed by the ongoing study, Prof. Ssali implored the visiting faculty-Dr. Sizile Makola to share with her the findings in due course.

Prof. Ssali expressed the readiness of the Office of the Deputy Vice Chancellor (Academic Affairs) to work with the different units within Makerere University, and the University of South Africa, to support programmes aimed at strengthening collaboration, partnership, research, and internationalization.

On 10^th April 2026, Dr. Makola delivered a captivating guest lecture titled,Re-Imagining Human Resource Management in Africa, targeting undergraduate and postgraduate students pursuing human resource management courses at Makerere University.

Emphasizing the need to integrate indigenous knowledge and organizational practice, Dr. Makola argued that researchers should theorize from African contexts, treat indigenous knowledge as a source of theory, use methodologies capturing moral, communal, and context-bound dimensions of work, and build concepts from African languages, values, and institutional histories.

She stressed the need for African-centered human resource management thinking, rather than just adding local case studies to Western frameworks. Dr. Makola’s argument was informed by limitations of Western human resource management frameworks, which assume autonomous individuals, formal institutions, and technical organizations, which are separate from family and community.

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Business & Management

Call For Applications: Student Mobility – University of Padova, Italy (Oct 2026-Jan 2027)

Published

2 days ago

April 14, 2026

Mak Editor

Group Photo of the trainers and trainees that took part in the workshop on multivariate statistics and time series analysis, held 11th-20th June 2024 between the School of Statistics and Planning, CoBAMS and University of Padova, Italy. Makerere University School of Statistics and Planning-University of Padova, Italy dynamic workshop on multivariate statistics and time series analysis, 11th to 20th June 2024, Makerere University, Kampala Uganda, East Africa.

Arising from an existing Memorandum of Understanding (until September 2028) between University of Padova, Italy (UniPd) and Makerere University (Mak), the two institutions partnered and will jointly implement the Bilateral Agreement for the mobility for students between 2026 and 2027. At Mak, the Departmental Flow Coordinator is Symon Peter Wandiembe (PhD) and the project Principal Investigator and Contact Person is Saint Kizito Omala (PhD), both of Department of Statistical Methods and Actuarial Science (DSMAS).

In this regard, the Department of Statistical Methods and Actuarial Science wishes to announce opportunities for student mobility to the Department of Statistical Sciences, University of Padova, Italy for the Winter Semester, October 2026 – January 2027.

The selection process shall entail five-steps:

Step 1: Submission of documents by candidates for nomination, with an internal deadline of April 20^th, 2026, 05.00 p.m. (EAT) to allow for time to process nomination applications;
Step 2: Meeting of the Nomination Committee to review documents received from applicants;
Step 3: Submitting the list of nominated candidates, by April 30^th, 2026, to the International Projects and Mobility Office of the University of Padua, Italy;
Step 4: Eligibility check and communication to successful candidates by the International Projects and Mobility Office of the University of Padua, Italy; and
Step 5: Application for the Mobility opportunity by successful candidates.

Please see download for detailed call.

Inquiry

S.K. Omala via +256 772 491545 before April 20^th, 2026.

Advert Bilateral UniPd_Mak_Agreement_for Student Mobility Download

Business & Management

Mak CoBAMS Hosts UNISA’s Dr. Sizile Makola

Published

1 week ago

April 8, 2026

Ritah Namisango

L-R: Dr. Zaina Nakabuye, Dr. Jude Mugarura, Dr. Agnes Sansa, Dr. Sizile Makola, Prof Edward Bbaale and Dr. Anthony Tibaingana at the 8th April 2026 meeting in the Office of the Principal. Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale welcomes Dr. Sizile Makola, a Senior Lecturer in Human Resource Management from the University of South Africa (UNISA), to the College and Makerere University, Kampala Uganda, East Africa, 8th April 2026.

On Wednesday 8^th April 2026 the Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale received and welcomed, Dr. Sizile Makola, a Senior Lecturer in Human Resource Management from the University of South Africa (UNISA), to the College and Makerere University.

The interaction meeting held in the Office of the Principal brought onboard the following members of staff from the Department of Marketing and Management, School of Business: Dr. Jude Mugarura, Dr. Zaina Nakabuye, Dr. Agnes Sansa, and Dr. Anthony Tibaingana.

Dr.Sizile Makola is visiting Makerere University for two (2) weeks to cement the MoU between Makerere University and UNISA and to finalise her comparative studies with staff from the department of marketing and management on behalf of Makerere University for the Ugandan context.

Dr. Makola is scheduled to deliver an interactive guest lecture to undergraduate and postgraduate human resource management students on Friday 10^th April 2026 from 2:00pm to 4:00pm in the School of Business, Conference Hall.