The Principal CoBAMS, Prof. Eria Hisali (C) and ACCA Uganda Country Manager, Ms. Charlotte Kukunda (L) exchange the signed agreement as the Dean School of Business, Prof. Godfrey Akileng (R) applauds on 18th July 2022, Makerere University.
Makerere University, yesterday signed a memorandum of understanding with the Association of Chartered Certified Accountants (ACCA), which is set to benefit students of Bachelor of Commerce – Accounting major.
According to the Country Manager of ACCA Uganda, Charlotte Kukunda, Makerere University students, starting with the next Academic year 2023 will be exempted from 8 examination papers out of the 13 papers one is supposed to take before being certified as a professional accountant.
This means that of Bachelor of Commerce – Accounting students will be sitting for only 5 out of 13 examinations to attain full ACCA qualifications.
The accreditation is for five years effective 2023 to 2027.
This comes with a reduction in the years a student is scheduled to spend studying ACCA as well as reducing the money one is supposed to spend on the eight courses.
Ms. Kukunda said that it takes one about two years to complete the ACCA course if one is to do all the 13 courses. However, with the exception of the 8 examinations, one can finish the course in one year.
The team from ACCA joins Management and staff of CoBAMS for a group photo.
During the signing ceremony, the Principal of the College of Business and Management Sciences, Prof. Eria Hisali, who represented the Vice Chancellor said the exemptions are a stamp of quality of the curriculum and education that the school of Business offers. He said the college was dedicated to conducting quality assurance for her courses, service delivery and research. “We want to get to the level where all our flagship programs are internationally accredited,” Prof. Hisali said.
The Dean School of Business, Prof. Godfrey Akileng, said before the accredidation was done, ACCA conducted an audit of the curriculum and examinations of the Bachelor of Commerce – Accounting course.
“This decision means that ACCA highly regards the quality of the curriculum, training and examination of Bachelor of Commerce and that students of Bachelor of Commerce-Accounting option will attempt only 5 examination papers to attain a full ACCA qualification,” Prof. Akileng said.
This is because, in some course units, what the students will have studied and accomplished within their three years of Bachelor’s training will be similar to some of the post-business school content they ordinarily should have encountered as part of their ACCA training.
Over 40 Ugandan government officials have been called to integrate communities into biodiversity conservation following a two-day high-level training (August 20–21, 2025) at Makerere University.
Organized by EfD Uganda, the workshop focused on biodiversity conservation, community-based natural resource management, and economic valuation of national parks. Led by renowned environmental economist Prof. Edwin Muchapondwa, the training emphasized aligning conservation efforts with community involvement for lasting impact.
“Communities must be seen not just as beneficiaries but as co-managers of biodiversity,” said Prof. Muchapondwa. “Policy frameworks need to devolve rights to local people to increase their stake in conservation outcomes.”
Participants from ministries and agencies explored Uganda’s biodiversity challenges—including habitat loss, agricultural expansion, poaching, and climate change. Sessions covered conservation principles, legal frameworks, ecosystem valuation, and regulatory tools to integrate biodiversity into national planning.
A section of participants.
Valuing Nature to Shape Policy
A central theme was the economic valuation of ecosystems—putting monetary value on biodiversity to inform policy and investment decisions.
“When we reduce everything to a common metric, we can make objective, evidence-based decisions—especially when weighing development against conservation,” Prof. Muchapondwa said.
Participants in a group discussion.
Officials practiced applying valuation methods like contingent valuation and payment for ecosystem services in real-world policy settings, including environmental impact assessments and Uganda’s National Development Plan III.
Despite strong conservation policies on paper, implementation remains weak. “The issue isn’t policy absence but execution,” he noted. “We must adapt successful community-based models from Southern Africa to Uganda’s context.”
A section of participants.
Tourism and Development: A Delicate Balance– Prof. Edward Bbaale
Speaking at the opening, Prof. Edward Bbaale, Director of the EfD–Mak Centre, emphasized collaboration between academia and government to support tourism development and sustainable resource use.
He praised Prof. Muchapondwa as a “pillar of the Environment for Development network” and highlighted the urgent need for research that connects tourism, conservation, and economics.
Prof. Edward Bbaale opening the training.
“We’ve had little research from Makerere on tourism and natural resource valuation,” Bbaale said. “Yet this is exactly where government seeks advice.”
Bbaale underscored Uganda’s ambition to grow GDP tenfold—from $50 billion to $500 billion—through sectors like tourism, agro-industrialization, and manufacturing, urging researchers to support this growth with evidence-based insights.
Prof. Edward Bbaale during the introductions.
“Makerere houses the highest concentration of PhDs in this country,” he said. “If this research isn’t happening here, where else should it happen?”
The event concluded with a renewed call for stronger partnerships among academia, government, and communities to ensure conservation and development go hand-in-hand.
Public Sector Must Rethink Economic Policy Through Biodiversity Lens– Dr. Peter Babyenda
Uganda risks jeopardizing its natural wealth if it continues to undervalue its ecological resources, warned Dr. Peter Babyenda, Research Fellow and Policy Engagement Specialist at EfD–Mak Centre.
“Our forests, wetlands, and ecosystems are routinely excluded from GDP calculations due to limited technical capacity and funding,” he said. “Kenya has made progress—Uganda must catch up.”
Peter Babyenda Policy Engagement specialist.
To bridge the gap, EfD–Mak Centre, with support from SIDA, has launched a training program for technical staff from ministries and agencies like the Ministry of Tourism, Uganda Wildlife Authority, and NEMA.
“These are the people who draft policy,” Dr. Babyenda said. “We’re training them to use data and evidence, not emotion, when defending policies.”
Some of the group presentations.
He cited recent transport policy missteps—such as a speed enforcement proposal that failed due to lack of public engagement—as an example of why community participation is essential.
“Especially with human-wildlife conflicts, you must involve locals,” he said. “Solutions like electric fencing must be safe and community-driven.”
Conservation vs. Economic Growth
Uganda’s ambitious goal to grow its economy from $50 billion to $550 billion by 2040 presents risks to biodiversity, particularly from agricultural expansion. Dr. Babyenda stressed the need to balance development with environmental preservation.
“We must promote agriculture without destroying forests and wetlands,” he said. “Our tourism sector, which depends heavily on biodiversity, must also be protected.”
Prof. Mchapodwa delivering the lecture at EfD Uganda.
He urged officials to present conservation as an economic asset. “If you show that every additional dollar invested in tourism marketing creates jobs and boosts GDP, people will listen.”
Aligning with Uganda’s National Development Plan IV, Dr. Babyenda called for cross-sector policy coherence.
Some of the group presentations.
“Tourism, agro-industry, and mineral development must be guided by sound, evidence-based policy,” he concluded. “Otherwise, we risk losing it all.”
Participants Reflections from the Training
Adson Tumwebaze – National Environment Management Authority (NEMA) As someone working in the Research and Innovations Unit at NEMA, this training was a timely eye-opener. We’ve gained valuable insights into how economic valuation can be integrated into our research and planning frameworks. Understanding the tangible benefits ecosystems provide—and knowing how to quantify those benefits—equips us with the tools to make informed decisions when balancing development and conservation.
For us at NEMA, this goes beyond theory. It supports our mandate of protecting ecosystems and helps us align our work with national policies such as the National Biodiversity Action Plan and BISAP. One of my key takeaways is that you cannot talk about implementing a project on an ecosystem without understanding its value. Once we can economically define these benefits, we can also justify conservation measures, influence policy, and guide budgeting processes more effectively.
Alice Nalweera – Economic Policy Researcher This training brought clarity to a challenge many of us are grappling with: the growing threats to biodiversity in the face of urbanization, climate change, and population pressure. As we pursue economic development and strive for goals like those outlined in the 2050 export-oriented strategy, we must ask: Can biodiversity and development coexist?
Tourism is one of Uganda’s biggest earners, and it’s entirely dependent on biodiversity—the parks, wildlife, flora, and fauna. Without protecting these resources, our economic aspirations could collapse. What struck me most is the urgent need for accurate data. We can’t conserve what we haven’t identified or valued. Accounting for our natural resources is not optional—it’s essential.
Arthur Ebong – National Planning Authority From the national planning perspective, this training helped bridge a crucial gap between policy and implementation. While NDP III and NDP IV highlight biodiversity mainstreaming, they often lack depth in practical conservation measures. We used to insert the term “biodiversity” into plans, but lacked the tools to truly value and integrate it.
Learning about valuation methods like hedonic pricing and travel cost analysis opened new avenues for making biodiversity count—literally—in our national plans. And beyond the technical tools, this session also promoted inter-agency collaboration. With stakeholders like NEMA, UWA, and the Ministry of Water in the same room, we can now work more cohesively toward a shared goal.
The training has also inspired curriculum reviews. If we want future planners and policymakers to value biodiversity, we must train them early—through revised academic programs and capacity-building initiatives. This is not just about today’s policies, but the long-term socio-economic transformation of Uganda.
Gertrude Kirabo – Uganda Wildlife Authority (UWA) At UWA, we face the challenge of balancing conservation with increasing economic pressure around protected areas. This training has been invaluable in helping us understand how to defend conservation efforts using data-driven economic valuation.
Previously, arguments for protecting a forest or wetland often sounded emotional or abstract. Now, we can present facts—cost-benefit analyses that compare the long-term value of ecosystem services with short-term economic gains. This also supports practical decisions like adjusting park permit fees or advocating for higher conservation budgets.
Personally, this training served as a wake-up call. It made me realize how often we’ve given away resources without truly valuing them. I strongly recommend that more field officers and institutional planners go through this kind of training. It’s one thing to learn these concepts in school, and another to see their real-world application. It’s time we started backing conservation with data and strong economic logic.
Jane Anyango is the Communication Officer EfD Uganda.
Fort Portal, August 18, 2025 — The Public Investment Management Centre of Excellence (PIM CoE), in collaboration with the Ministry of Finance, Planning and Economic Development (MoFPED) and Cambridge Resources International (CRI), has kicked off a two-week intensive training on Economic Appraisal and Stakeholder Analysis for public officers from various Ministries, Departments and Agencies (MDAs). The training, taking place from August 18 to 29, 2025 in Fort Portal, marks the final module of the Investment Appraisal and Risk Analysis (PIAR) II Course.
Dr. John Sseruyange from PIM CoE
In his opening remarks, the Manager of PIM CoE, Dr John Sseruyange, welcomed participants and commended them for their commitment to completing the course. He emphasized that the training was designed to deepen participants’ skills in investment appraisal and ensure that government projects deliver tangible benefits to society. “This training is essential for understanding the impact of development initiatives on people’s welfare. I encourage you to give your undivided attention throughout these two weeks,” he noted.
Prof. Eria Hisali.
Speaking at the same event, Prof. Eria Hisali, Co-Principal Investigator of the PIM CoE, highlighted the centrality of this program to Uganda’s development agenda. He urged participants to appreciate the training not only for their personal growth but also for the wider benefit of the country. “Upon completion, you will be expected to add value by ensuring that only projects with the highest returns on investment and the greatest benefit to the economy are developed and implemented,” he said.
Delivering the remarks of the Permanent Secretary/Secretary to the Treasury (PSST), Principal Analyst-Ms. Esther Ayebare reaffirmed the government’s commitment to strengthening the Public Investment Management System (PIMS). She noted that the training would empower participants with critical tools for evaluating the economic and financial viability of projects in line with the PIMS framework.
Ms. Esther Ayebare.
The PSST encouraged participants to seize the opportunity to engage, share expertise, and apply the knowledge gained in their professional roles to strengthen Uganda’s public investment outcomes.
Dr. Kagarura conducts one of the training sessions.
The PIM CoE expressed gratitude to all partners for their continued collaboration and reaffirmed its commitment to building strong institutional and individual capacities for effective public investment management in Uganda.
The course content will cover a wide range of areas including:
The role of Economic and Stakeholder Analysis in Investment Appraisal.
Economic Analysis of Education, Human Capital, and Infrastructure Projects.
Practical tools and frameworks for assessing the viability of public investments.
A section of participants listen to Dr. Kagarura.
Participants will be guided by a team of expert facilitators from CRI, MoFPED, the National Planning Authority (NPA), and Makerere University, ensuring a blend of theoretical rigor and practical application.
Makerere University, in collaboration with the Ministry of Finance, Planning and Economic Development, convened the 2nd Public Investment Management (PIM) Conference on August 14, 2025, at the Yusuf Lule Central Teaching Facility Auditorium.
Running under the theme “Overcoming Implementation Barriers in Public Investment Management for Fiscal Sustainability”, the conference brought together government officials, academics, development partners, and policy experts to reflect on Uganda’s investment journey, exchange knowledge, and strengthen implementation capacity across projects.
Prof. Buyinza Mukadasi.
In his opening remarks, Professor Buyinza Mukadasi emphasized the importance of public investment management in driving sustainable economic growth while safeguarding fiscal responsibility. He stressed the need for large-scale, high-impact investments in infrastructure, industrialization, human capital, and social services—projects that are not only ambitious on paper but also practically implementable and measurable. Professor Buyinza also highlighted Makerere University’s role through its Public Investment Management Centre, which has trained public officials, revised government guidelines, and advanced evidence-based policy engagement. He reaffirmed the University’s continued commitment to training, research, and policy advocacy in investment planning.
Mr. Hannington Ashaba.
Budget Director Mr. Ashaba Hannington placed the discussion within Uganda’s broader ambitions, pointing to the country’s target of expanding its economy from USD 16 billion to USD 500 billion. Achieving such transformation, he noted, requires a strong public investment management system to ensure efficiency, effectiveness, and sustainability of projects. He cited the Cabinet’s recent approval of the National Public Investment Management Policy (2025), which provides a comprehensive framework to enhance efficiency across the entire investment cycle. The revised guidelines now integrate climate change considerations, enforce social and environmental safeguards, and streamline implementation to overcome bottlenecks.
Mr. Ramathan Ggoobi.
Permanent Secretary and Secretary to the Treasury, Mr. Ramathan Ggoobi, reflected on challenges undermining project delivery, such as delays, cost overruns, and inefficiencies that erode public trust. He stressed the urgent need for accountability, performance-driven leadership, and stronger institutional coordination. He also underscored the role of the private sector and civil society, whose capacity and innovation can complement government efforts in ensuring effective implementation.
Delivering the keynote address, Dr. Donald Kaberuka, former President of the African Development Bank, placed Uganda’s challenges in a broader African context. He pointed out the continent’s persistent resource gap and urged governments to adopt smarter policies, strengthen institutions, and expand domestic revenue mobilization to reduce reliance on aid. He highlighted the importance of strategic investments in education, health, and infrastructure, while reminding participants that good policies must be not only technically sound but also politically feasible and practically implementable. Dr. Kaberuka further emphasized the need to focus on outcomes rather than outputs, optimize public spending, and seize emerging opportunities in climate resilience, digital innovation, and demographic dividends.
Dr. Donald Kaberuka delivers the keynote address.
The conference closed with a call for renewed commitment to fiscal discipline, robust policy frameworks, and effective execution of investment projects. With Uganda’s ambitious economic aspirations, participants agreed that overcoming implementation barriers will require accountability, innovation, and collaboration between government, academia, and development partners. The 2nd PIM Conference reaffirmed Makerere University’s role as a hub of research and capacity building in shaping the country’s investment future.