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CoBAMS Holds Training to Improve Investment Appraisal & Risk Analysis

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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.
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).
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).
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.
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.
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.
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.

  1. 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)
  2. Intermediary level: This brings in technics of appraising projects before they are selected to go into the public investment plan.
  3. 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

  1. Capacity building in public Investment management
  2. Research in PIM related fields
  3. Advisory services

Betty Kyakuwa
Betty Kyakuwa

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School of Economics Hosts Team Building Event, Celebrates Excellence with Awards

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Staff pose for a group photo during the activity. School of Economics, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala team-building activity, 15th January 2025, Buwatte, Wakiso, Uganda, East Africa.

On Wednesday, January 15, 2025, the School of Economics at Makerere University organized a vibrant team-building activity in the scenic surroundings of Buwatte. This initiative aimed to foster stronger bonds among staff members, celebrate outstanding achievements, and set a collaborative tone for the year ahead.

The day was filled with a variety of activities designed to promote teamwork and camaraderie. Staff members enthusiastically participated in interactive games, lively discussions, and fun challenges that brought out their competitive yet collaborative spirit. The games were followed by a hearty lunch, where everyone gathered to share stories, laughter, and a sense of community. The event culminated in a joyous moment of merry-making, which showcased the School’s vibrant culture of inclusivity and togetherness.

Prof. Ibrahim Mike Okumu (L) and Mr. Fredrick Kasalirwe (R) pose with their Academic Excellence and Best Teaching Awards respectively. School of Economics, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala team-building activity, 15th January 2025, Buwatte, Wakiso, Uganda, East Africa.

The occasion also served as a platform to honor outstanding individuals who had excelled in their roles over the past year. The award for the best journal paper was presented to the Dean, Prof. Ibrahim Mike Okumu, in recognition of his exemplary contribution to academic research and publication. Meanwhile, the coveted Teacher of the Year Award, as voted by students, was bestowed upon Mr. Fred Kasalirwe for the second consecutive year. This recognition underscored his dedication to delivering engaging and impactful learning experiences.

In his address, Prof. Okumu expressed heartfelt appreciation for his colleagues’ hard work and commitment, which he credited for the School’s numerous achievements in 2024. He extended special congratulations to the winners of the Vice Chancellor’s Excellence Awards, acknowledging their contribution to enhancing the university’s reputation for academic excellence.

Prof. Ibrahim Mike Okumu (2nd R) with staff engaged in one of the games. School of Economics, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala team-building activity, 15th January 2025, Buwatte, Wakiso, Uganda, East Africa.

Prof. Okumu emphasized the importance of sustaining the spirit of teamwork, which he described as a cornerstone for the School’s continued success. He encouraged his staff to embrace collaboration as they embark on new academic and administrative pursuits in 2025.

The team-building event was not only a celebration of the past year’s accomplishments but also a rallying call for a productive and united future. Staff members left the event reinvigorated and motivated to uphold the School’s vision of academic excellence and impactful scholarship. As the School of Economics enters the new year, this memorable day in Buwatte stands as a testament to the power of unity, shared purpose, and the collective commitment to shaping a brighter future for the institution.

Hon. Dr. Joyce Moriku Kaducu (2nd R) presents the Teacher of the Year Award to Fredrick Kasalirwe (C) during the Convocation Luncheon. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Research, Teaching, Students Excellence Awards, Edge Road, Makerere University, Kampala Uganda, East Africa.

Betty Kyakuwa
Betty Kyakuwa

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Nine CoBAMS Staff, Best Students Receive Excellence Awards

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Hon. Dr. Joyce Moriku Kaducu (3rd R) presents the Mid-Career Award to Dr. Ssendawula Kasimu (3rd L) during the Convocation Luncheon. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Research, Teaching, Students Excellence Awards, Edge Road, Makerere University, Kampala Uganda, East Africa.

Nine members of staff from the College of Business and Management Sciences (CoBAMS) at Makerere University were honored with the Vice Chancellor’s Excellence Awards during the institution’s 75th graduation ceremony. The awards were presented at a special graduation luncheon, where the Vice Chancellor, Prof. Barnabas Nawangwe, recognized exceptional lecturers and researchers across various categories—early, mid, and senior career—as well as outstanding educators based on student evaluations.

Namugenyi Christabellah and Richard Ssempala were awarded in the category of early career scholars. The two were recognized for their exemplary research contributions, each achieving five publications in 2024. In the mid-career category, Dr. Peter Kisakye emerged as the standout performer with 11 publications, followed by Dr. Anthony Tibaingana, Mushomi John Atwebembeire, and Dr. Ssendawula Kasimu, who each published seven papers during the year.

Hon. Dr. Joyce Moriku Kaducu (3rd R) presents the Award to Namugenyi Christabellah (3rd L). Convocation Luncheon, 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Research, Teaching, Students Excellence Awards, Edge Road, Makerere University, Kampala Uganda, East Africa.

Dr. Patricia Ndugga, Mr. Fred Kasalirwe, and Dr. Faisal Buyinza were celebrated as the best teachers, following outstanding evaluations from students, showcasing their commitment to delivering high-quality education.

Speaking at the award ceremony, Prof. Nawangwe congratulated the winners and commended their dedication to excellence in teaching and research. “These awards reflect our university’s unwavering commitment to fostering academic and professional excellence. As Makerere University, we take pride in nurturing talent and rewarding those who inspire innovation, dedication, and knowledge creation. Congratulations to all the awardees for setting a remarkable example for others to follow,” he said.

Right to Left: Prof. James Wokadala, Prof. Edward Bbaale, Dr. Allen Kabagenyi, Dr. Stephen Ojiambo Wandera, Dr. Patricia Ndugga and Ms. Namugenyi Christabellah. Convocation Luncheon, 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Research, Teaching, Students Excellence Awards, Edge Road, Makerere University, Kampala Uganda, East Africa.

The event was graced by the State Minister for Primary Education, Hon. Joyce Kaducu, who lauded Makerere University for its continued commitment to academic excellence. In her remarks, she stated, “Makerere University’s role in shaping the future of our nation cannot be overstated. These awards are a testament to the caliber of educators and researchers the institution nurtures. I encourage all awardees to continue striving for greater achievements and to inspire the next generation of leaders and scholars.”

At the same luncheon, ACCA Uganda recognized three top-performing students of the Bachelor of Commerce (Accounting) program. Ndagire Sarah, Yiga James Mark, and Nabagereka Rebecca, each graduating with an impressive CGPA of 4.68, were awarded plaques in recognition of their outstanding academic performance.

Ndagire Sarah (2nd R) and Yiga James Mark (2nd L) flanked by ACCA Uganda Country Manager, Ms. Charlotte Kukunda (R) and another official pose with their awards. Convocation Luncheon, 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Research, Teaching, Students Excellence Awards, Edge Road, Makerere University, Kampala Uganda, East Africa.

Additionally, the best-performing student in the Master of Economics program, Nalweere Alice, received an award from the Economic Policy Research Centre (EPRC). The award included a two-year paid training opportunity with EPRC as a research fellow. Overwhelmed with gratitude, Nalweere expressed her appreciation, saying, “I am deeply honored to receive this award. It is not just a recognition of my hard work but also a motivation to contribute meaningfully to economic research and policy development in Uganda. I thank Makerere University for providing an environment that fosters academic excellence and EPRC for this incredible opportunity.”

Hon. Dr. Joyce Moriku Kaducu presents the EPRC Award to the best-performing student in the Master of Economics program, Nalweere Alice. Convocation Luncheon, 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Research, Teaching, Students Excellence Awards, Edge Road, Makerere University, Kampala Uganda, East Africa.

The graduation luncheon served as a platform to celebrate the institution’s achievements and its unwavering commitment to promoting excellence among its staff and students. The event highlighted Makerere University’s vital role in shaping the academic, research, and professional landscape of Uganda and beyond.

Betty Kyakuwa
Betty Kyakuwa

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CoBAMS Shines at Makerere’s 75th Graduation Ceremony

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Principal CoBAMS-Prof. Edward Bbaale (3rd R) with PhD Graduands from CoBAMS on Day 2. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.

The College of Business and Management Sciences (CoBAMS) proudly presented 1,523 graduands on the second day of Makerere University‘s 75th graduation ceremony. Among these, 7 were awarded PhDs, 195 earned master’s degrees, 3 completed postgraduate diplomas, and 1,318 graduated with undergraduate degrees. Female graduands made up 53% of the cohort, with 805 women and 718 men.

Speaking at the event, the Vice Chancellor, Prof. Barnabas Nawangwe, lauded CoBAMS as Makerere’s youngest college but already a beacon of excellence in teaching and research. He noted the College’s pivotal role in linking the University with the government through collaborative projects. Key achievements highlighted include; the Public Investment Management Centre of Excellence (PIM CoE) which was praised for spearheading impactful training programs, building the capacity of officials across various Ministries, Departments, and Agencies. The Environment for Development Centre was recognized for attracting grants totaling approximately USD $400,000. These funds supported capacity-building programs in Inclusive Green Economy for senior public servants, five research projects, policy dialogues, and community outreach activities.

Prof. Edward Bbaale (Centre) with Academic Staff from CoBAMS. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.

The vice chancellor also recognized CoBAMS students who excelled in the Joint Facility for Electives (JFE) competition in Nairobi. Ritah Ahumuza, a Master of Arts in Economics student, achieved an outstanding average of 87.5%, the highest in over five years. She was honored with an award by the African Economic Research Consortium for her stellar performance.

Prof. Nawangwe expressed pride in the College’s strides in fostering innovation, academic success, and strategic partnerships, reinforcing Makerere University’s position as a global academic leader.

The Guest of Honour, Hon. Janet Kataaha Museveni, represented by the State Minister for Primary Education, Hon. Joyce Kaducu, congratulated the graduands and acknowledged the parents for their sacrifices. She urged the students to be proactive contributors to Uganda’s development. “Go into the world and light a candle. Start humbly, face the future with courage, and create jobs rather than dispersing them,” she said.

Masters Graduands stand as their names are read on Day 2. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.

During the week-long graduation ceremony, 13,658 graduands will receive their awards, including 143 PhDs, 1,813 master’s degrees, 11,454 bachelor’s degrees, and 243 postgraduate diplomas. Of these, 53% are female, and 44% of the PhD recipients are women. The Vice Chancellor noted these statistics as evidence of Makerere’s progress toward gender equity and research-led growth.

Prof. Nawangwe lauded the Government of Uganda’s support through initiatives like the Makerere University Research and Innovation Fund (Mak-RIF), which has enabled cutting-edge research.

Future Direction

The Chancellor, Hon. Dr. Kiyonga, outlined Makerere’s vision for expanding its community outreach and commercialization of research innovations. He proposed strengthening partnerships with private-sector investors to turn academic ideas into viable businesses. Dr. Kiyonga also encouraged the graduands to apply their skills to create opportunities in agriculture, education, and other sectors.

Masters Graduands from CoBAMS follow proceedings. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.

As Makerere celebrates its legacy as a beacon of higher education, CoBAMS exemplifies the transformative impact of education in transforming the economy. The achievements celebrated today reflect the university’s dedication to empowering individuals and fostering national development.

The Academic Procession on Day 2. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.

Betty Kyakuwa
Betty Kyakuwa

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