Business & Management
CoBAMS Holds Training to Improve Investment Appraisal & Risk Analysis
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.
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.
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.
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.
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.
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.
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
The Public Investment Management (PIM) Centre of Excellence has commenced a three-day refresher training for members of the Development Committee (DC) of the Ministry of Finance, Planning and Economic Development. The training, which began today in Jinja, aims to enhance the analytical and technical skills of committee members who are tasked with reviewing government projects submitted by various Ministries, Departments, and Agencies (MDAs).
The training was today February 19, 2025, officially opened by Dr. Hennery Ssebukeera, who represented the Director of the Budget Directorate. In his opening remarks, Dr. Ssebukeera emphasized the importance of the refresher course in enabling the Development Committee to effectively conduct quality reviews and fulfill its mandate as a key gatekeeper of the Public Investment Plan. He noted that the training would improve the participants’ ability to appraise and implement public investments in line with the Public Investment Management System (PIMS) framework.
Speaking at the same event, Prof. Ibrahim Mike Okumu, representing the Centre Director, Prof. Edward Bbaale, expressed the Centre’s gratitude for the opportunity to contribute to Uganda’s PIM cycle. He highlighted the importance of the training in harmonizing the relationship between the MDAs that draft project proposals and the analysts who review them. Prof. Okumu reiterated the Centre’s commitment to building the capacity of government officials in Public Investment Management, thereby supporting the country’s development aspirations.
The need for this training was identified during the Development Committee retreat held in 2024, which revealed limited capacity among DC members in project appraisal, specifically in reviewing prefeasibility and feasibility reports, Dr Ssebukeera noted. In response, the Ministry of Finance, Planning and Economic Development, in collaboration with the PIM Centre of Excellence, organized this refresher course to strengthen the participants’ technical and analytical skills.
DC is a statutory committee of government that evaluates the viability of public investment projects. Its statutory composition includes: Office of the President, Office of the Prime Minister, Ministry of Finance, Planning and Economic Development, National Planning Authority, Public Procurement and Disposal of Public Assets Authority (PPDA), Office of the Solicitor General, Ministry of Gender Labour and Social Development, National Environment Management Authority, Equal Opportunities Commission, Ministry or Work and Transport, Ministry of Water and Environment, Public Private Partnership Unit. The PIM Center of Excellence was recently admitted to the Development Committee as a non-voting member.
The training will cover a wide range of topics, including the role of PIMS in the country’s development goals, the logical flow of project profiles, costing, and the interpretation of interconnections between prefeasibility/feasibility reports and financial models. Additionally, participants will explore the role of public-private partnerships in national development.
Dr. Ssebukeera encouraged participants to actively engage in discussions, share their expertise, and apply the knowledge gained from the training. He noted that this engagement would empower the Development Committee to effectively perform its role in reviewing and approving public investment projects, ensuring they align with national priorities and deliver value for money.
The Public Investment Management Centre of Excellence, established by the Ministry of Finance, Planning and Economic Development in partnership with Makerere University School of Economics, continues to play a pivotal role in building the capacity of MDAs in managing public investments. To date, the Centre has trained over 300 officers and produced several research papers, reflecting its commitment to enhancing public investment management in Uganda.
The training in Jinja is expected to enhance the participants’ capacity to effectively review government projects, thus supporting the effective implementation of Uganda’s Public Investment Plan.
Business & Management
Somali Officials Complete Executive Training in Infrastructure Asset Management at CoBAMS
Six Somali government officials have successfully completed a three-day Executive Training in Infrastructure Asset Management, held at Makerere University’s Public Investment Management Centre of Excellence (PIM CoE). The training, funded by the United Nations Capital Development Fund (UNCDF), took place from January 27 to 29, 2025, and aimed to enhance regional capacity in infrastructure planning and management.
The training brought together senior civil servants and policymakers from Somalia, equipping them with practical knowledge and strategies for sustainable infrastructure asset management. It also fostered valuable cross-border collaboration, facilitated by UNCDF Uganda, which played a crucial role in connecting Makerere University with the Government of Somalia.
The program was delivered by experienced faculty from Makerere University’s College of Business and Management Sciences (CoBAMS), alongside experts from the Ministry of Finance, Planning and Economic Development (MoFPED) and the Uganda National Roads Authority (UNRA). A special session was also led by the Makerere University Bursar, offering practical insights into financial management in infrastructure projects.
Speaking at the opening of the training, Mr. Ncube Mkhululi, the Regional Technical Advisor for UNCDF emphasized the importance of infrastructure asset management in driving sustainable economic growth. He highlighted UNCDF’s commitment to supporting capacity-building initiatives in developing economies, noting that effective infrastructure planning and management are critical to national development. He also expressed confidence in Makerere University’s expertise in delivering high-impact executive training programs for government officials.
During the closing ceremony, Prof. Bbaale Edward, the Principal of the College of Business and Management Sciences expressed gratitude to all partners, including UNCDF, Makerere University management, and the PIM CoE faculty, for their commitment to making the training a success. He emphasized Makerere University’s ongoing efforts to internationalize its research-led agenda, positioning itself as a hub for regional knowledge exchange.
UNCDF Program Manager, Mr. Joel Mundua, the commended the participants for their dedication and encouraged them to share the acquired knowledge with fellow officials in Somalia. This was reaffirmed by one of the participants, who pledged to apply and disseminate the learnings within their respective departments.
Mr. Sunday Denis Aliti, the Program Officer at UNCDF highlighted the importance of ensuring that infrastructure asset management strategies are practical, adaptable, and aligned with national development goals. He commended Makerere University for its leadership in knowledge transfer and regional training and encouraged continued collaboration between universities, governments, and international development partners to strengthen institutional capacity.
Dr. John Sseruyange, Manager of the PIM CoE, applauded both the participants and the expert trainers who contributed to the program. He reiterated the Centre’s commitment to advancing infrastructure asset management through continued training and collaboration with regional stakeholders.
As the training concluded, participants departed with valuable insights and practical tools to improve infrastructure management in Somalia and beyond. The success of this initiative highlights Makerere University’s role as a leading institution in public investment management, fostering capacity-building efforts that drive sustainable development across Africa.
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