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EfD-Mak hosts the Annual Policy Day 2022 with a special call on Governments & donors to Finance Resilience & Adaptation

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Uganda is among the most vulnerable countries to the effects of climate change in the world, being the 15th most vulnerable and 49th least prepared to adapt and recover from impacts of climate change.

Environmental economics from Makerere University and stakeholders from Environment and Natural Resources  agencies have expressed  the need for green financing  for sustainable development, Optimum utilization of natural resource, Adaptation to climate change impacts, Increased climate change  mitigation measure actions and Reduction in public expenditure on related natural disaster shocks.

The call was made was during the Annual Policy Day 2022 organized by the Environment for Development Initiative (EfD-Mak Centre) under the theme, “Green Financing and Capacity Gaps”.

The policy dialogue attracted over 100 participants from the academia, policy makers, experts and representatives from Uganda’s Ministries, departments and agencies, Civil Society Organisations, the private sector as well as members from the World Bank, the EfD network, and the  EfD Global hub led by  the EfD Global Director Prof. Gunnar Kohlin.

Members of the EfD Global hub and EfD-Mak Advisory Board pose for a group photo after the opening.
Members of the EfD Global hub and EfD-Mak Advisory Board pose for a group photo after the opening.

The Annual policy day was a wrap up of the EfD Annual conference  2022 hosted by Makerere University at the Speke resort Munyonyo on 22nd-26th September, 2022 where  participants had  fruitful engagements intended to find solutions to the most pressing environmental problems affecting the  continent.

The annual policy day was officially opened by the EfD-Mak Advisory Board Chair, who is also the Deputy Vice Chancellor in charge of Academic Affairs of Makerere University.

“The EfD-Mak Centre is proud to be part of the global network of environmental economics research centers working to solve the world’s most pressing environmental and development challenges through policy-relevant research, capacity development and policy engagement. Allow me, at this juncture, to sincerely thank our long term partner – Sida, as well as the EfD Global Hub for having established an EfD Centre at Makerere University”, Kakumba said.

Annual policy day and theme timely for centennial celebrations and climate change

Kakumba said, the Annual policy day is significant on two fronts in that it comes to fit in a series of activities and celebrations marking Makerere University’s 100 years of excellent services to humanity:-having opened its doors to only 14 students in 1922, Makerere University has grown to become one of the most prestigious Universities in Africa and the world over.

Secondly, Kakumba noted that the theme of the policy day, focusing on Green Financing and Capacity gaps, is quite timely especially during this time when climate change is seriously affecting different parts of the world, including Uganda as witnessed by the changed weather patterns.

Prof. Umar Kakumba making the official opening remarks.
Prof. Umar Kakumba making the official opening remarks.

“There is a great need for Government and development partners to finance resilience and adaptation activities or projects. However, I must note that resilience and adaptation are new areas. Hence, governments have not been deliberately allocating resources in their favor.

 Therefore, as Makerere University, we have a great task of building the capacity of government officials in these new areas of resilience and adaptation to climate change”, he said.

Kakumba reported that the university   held productive engagements with officials from the World Resources Institute (WRI) who are interested in supporting the university to kick-start the Resilience and Adaptation Mainstreaming Programme (RAMP). RAMP is proposed to be a long-term capacity building programme for MDAs to integrate climate risk considerations into their macroeconomics, fiscal, public financial management, procurement, and other processes and research.

A section of participants.
A section of participants.

In February 2022, Kakumba said, Makerere University signed a MoU with the University Network for Strengthening Macro financial Resilience to Climate and Environmental Change. The Network, whose Secretariat is hosted by SOAS, at the University of London, was established to build capacity in RAMP. This resilience and Adaptation Mainstreaming Programme will complement the inclusive Green Economy Programme for Senior Civil Servants and Policy Makers in Eastern Africa, which we are implementing in collaboration with the University of Gothenburg.

The Deputy Vice Chancellor thanked theEfD Global Hub for not only establishing an EfD-Mak Centre but also working very hard to ensure that all the aforementioned initiatives to the EfD-Mak Centre thrive.

“The EfD-Mak Centre has continuously received funding and equipment from EfD Global Hub to support its administrative and research activities. This has widely contributed towards strengthening the connection between the Centre’s researchers and academicians to policy makers and implementers.

All participants pose for a group photo after the closing ceremony.
All participants pose for a group photo after the closing ceremony.

We can now attest to a number of policy engagements that the Centre has conducted, some of which have already resulted in tangible policy reforms and good outcomes. I once again thank the Global Hub for its role towards changing this landscape where we can now collaborate effectively with government officials for research activities, policy discussions and uptake.” Kakumba commended.

Kakumba added that this Annual policy day  was in line with a series of policy engagements that the EfD-Mak Centre has implemented since inception.  He however, stressed that this  wasvery special because the EfD Global Hub Director and the EfD Network members were  here in person to contribute to the debate and discourse in the important area of Green Financing.

Green financing and capacity building huge tasks for the university

In his welcome remarks,the  Principal Makerere University College of Business and Management Sciences Assoc. Professor Eria Hisali welcomed participants to the EfD-Mak policy day  and in a special way welcomed the EfD Global Director Kohlin Gunnar to the EfD-Mak centre thanking him for choosing Uganda to host the EfD Annual meeting 2022 congratulating the network upon successful hosting.

Prof. Eria Hisali speaking during the dialogue.
Prof. Eria Hisali speaking during the dialogue.

Hisali thanked the board of the EfD-Mak Centre chaired by the Deputy Vice Chancellor Academic Affairs  for the continued guidance on the strategic direction of the centre, noting that this was a manifestation that the centre was institutionalized in the university structures.

The Principal appreciated the EfD -Mak centre for its contribution of the visibility of the college and the university at large pledging continued support to the centre activities and urged the centre to take advantage of the infrastructure at the college to conduct activities;

Hisali reported that the college has established a number of facilities that the centre can take advantage of including working paper series, rolled out the policy laboratories at the college that bring together policy makers, implementers, the private sector development partners and researchers to regularly discuss policy related issues.

He expressed hope that the next annual policy day would be handled under the auspices of the policy laboratory noting that the advantage is that it brings together different actors  in one place and they contribute to the discussion which increases uptake.

Some of the participants attending the dialogue.
Some of the participants attending the dialogue.

The policy laboratory he said,was also handling a special assignment on behalf of government on the Parish Development Model. He also said the college received notification from Uganda National Council for Science and Technology on the clearance of the college’s institutional review board for purposes of accreditation and going forward whoever wants to go for field activities is welcome to use the college research and ethics committee.

“We are all are alive to the dangers that changes in the environment affects sustainable growth and the future planning. I salute the center for holding the dialogue because the discussions held are not only important  but also hybrid providing insights into the problems being faced and what needs to be done in the perspective of financing and capacity gaps that exist..

Green financing as we know, lies at the future of our growth, the future of our existence as human beings both for the current and future generations to come and therefore deserves all the attention;This is important n our context as developing countries because much of our activities in our setting directly depends on nature but also facing a lot of pressure from the ever increasing population”, Hisali stated.

Hisali challenged participants to look at a number of issues including the categorization of the target groups for green financing factions, the most appropriate instruments for the different target groups, the framework for auditing progress and impacts of these interventions and the need  to discuss the optimal balance between what needs to be done by the private sector, governments, public sector and other actors.

Some of the participants at the dialogue.
Some of the participants at the dialogue.

“With regard to capacity building I also want to agree that we need to build capacity at all levels right from the capacity to domesticate what is enshrined in international conventions into our domestic plans and activities.

 But we also need to think about capacity through which we can equip the grassroots actors, the green financing actions are not stopping at the macro national level. These actions have to go up to the grassroot”

Hisali stressed that the issues of capacity gaps was  a huge task  and asked participants to deliberate  and focus on  where to start from to create the impact being  looking for, how  the EfD-Mak Centre can partner with other actors in this space to speed up the capacity building efforts, how to take advantage of  the location at the university and mainstream the capacity building initiatives into the curriculum of some of the academic programs and which programs would it be and where to start from.

Other insights according to Prof. Hisali were the need to ask how to take advantage of the internship and outreach activities of the university to build capacity at the grass root level, how to equip these interns to deliver the right message to the grass root actors and whether there is hope for increasing the frequency of the short course capacity building initiatives.

The EfD Global foot print

The Director Global Hub Prof.  Gunnar Köhlin said the hub has international researchers and academic institutions involved in research projects with the EfD Centers in the Global South, Africa, Asia and the America and EfD Partners in the Global North. In Africa, it operates in Makerere University, university of Dar es salaam and university of  Nigeria, Ghana and other countries

Prof. Gunnar Kohlin delivering his opening remarks.
Prof. Gunnar Kohlin delivering his opening remarks.

“EfD is based on the frustration that there is so much knowledge in universities and that it so hard to get traction of that research and there is so much gaps to make that happen.

In research and policy interaction the hub provides funds for tailor research results for target groups, creates platforms for interactions and co-production of knowledge.

Under Institutional development, funds are availed for infrastructure and staff investments, mutual learning within the network”, Gunnar explained.

Under research collaboration, Prof. Gunnar said the hub provides Research fund and collaborative research, organizes collaborative research and policy relevant topics and capacity building for different actors.

“The first most fundamental is the need to build capacity of academics in universities but they should also  provide the relevant information and build capacity for other actors in their respective societies for these people to work. Provision of information and capacity building is not enough but must work hard to influence policy by organizing collaborative programs,” Gunnar added

He said funds are  provided for PhD specialization courses, PhD Program in Climate Economics At the University of Gothenburg and then PhD and MSc program support to the network centres

Prof Gunnar explained that they have implemented a program, Inclusive Green Economy for senior civil servants and policy makers, a capacity development program connecting societal needs with research capacity in five areas of transformation namely Sustainable energy transition, Low carbon transition, Biodiversity transition, Circularity transition, Financing and managing IGE transition

The network has had a number of publications categorized by SDG with highest number on SDG 17 (331) and SDG 15(291)Other programs sponsored include; Blue Resources for Development (BlueRforD), Emission Princing for Development (EPFD), Inclusive Green Economy, Natural Capital Collaboration (Natcap), Sustainable Energy Transition (SETI), Women in Environmental Economics

The Annual Policy Day 2022 very Special

The Director EfD-Mak Centre Prof. Edward Bbaale thanked the participants for honoring the invitation to attend this special policy day;

Prof. Edwaard Bbaale giving his welcome remarks.
Prof. Edwaard Bbaale giving his welcome remarks.

Bbaale recognised the Director EfD-Global network Prof.  Gunnar Kohlin and other network members for coming to Makerere for the first time to engage in the discussion making it very special adding that the centre had previously held policy dialogues with national stakeholders.

Bbaale appreciated the local stakeholders from government ministries, departments and agencies,senior civil servants and policy makers from Uganda for reserving time amidst their tight schedules to attend.

“I also appreciate the panelists . You have started a discourse in the area of green financing which the center will follow up and came up with research projects to create evidence to guide government on policy changes.

There is need for capacity building in the area of green financing in terms of research and training. We need to pay attention to Climate parameters and macro-economic modelling issues and also pay attention in and outside  the university on tailored short courses for government and other officials”.

Prof. Bbaale hailed Makerere University management for offering space for the dialogue and the local organising committee for the job well done.

Panelists speak on green financing

The Natural Resources officer Wakiso district Ms. Rebecca Sabaganzi,said Green financing seems to be very far and advocating for it seems  far.

Ms. Rebecca Sabaganzi contributing during the dialogue.
Ms. Rebecca Sabaganzi contributing during the dialogue.

“The ENR sector has not been a priority in government programs and budget but this has been slowly and progressively having impact on us and we have been forced to act. There are several policy statements that push us to act but the actual implementation is the issue.

In local governments, however much you advocate for green financing, it’s the councilor’s allowance that come first. Because of the increasing number of policy makers amidst the limited budgeting, advocacy for green financing is not prioritized.

The facilitation to enable meaningful engagements and green financing are limited by budget as government priority is in other sectors such as roads, health and education,”. She said

Panelists  Victoria Plukshack, Ronald Kaggwa, Sam Mugume, Marc Jeuland and Rebecca Sabaganzi.
Panelists Victoria Plukshack, Ronald Kaggwa, Sam Mugume, Marc Jeuland and Rebecca Sabaganzi.

World Bank representative Victoria Plutshack, Energy Access Project at Duke university observed that  Climate Finance’s Adaptation is problematic and  not meeting needs of the low and medium income countries.

Victoria noted that Climate investments targeting adaptation have been especially lacking because of, in part, a lack of data and clarity regarding the potential impact of these investments.

“Data-driven financial mechanisms that quantify and monetize adaptation impacts are needed to mobilize climate finance and prioritize development for greatest impact.

There is domestic financing available but is predominantly available in higher income countries and where the private sector play a significant role.

EfD Global hub Communications expert Petra Hansson interacts with Rebecca Sabaganzi after the panel discussions.
EfD Global hub Communications expert Petra Hansson interacts with Rebecca Sabaganzi after the panel discussions.

In sub-Saharan Africa, we see climate financing by private companies. Sub-Saharan Africa receives about 100 million dollars from multinational agencies and about 18million dollars from the private sector. In terms of progress it is abit slow but hope that with the proposals and problems  faced today the situation will be better,”she said.

Dr. Sam Mugume Koojo from the Ministry of Finance highlighted major challenges facing green financing in Uganda.

“ Challenges of green financing include; Lack of expertise and knowledge in green financing by financial institutions in Uganda. Green financing is not clearly integrated in financial regulatory policies of the country while investments in the green financing areas are not very attractive to private sector. The central bank has not fully internalized the concept,  emphasis is mostly on the risk side” He said.

Sam Mugume delivering his keynote address.
Sam Mugume delivering his keynote address.

He said the major areas for green financing include: Renewable energy and energy efficiency, Pollution prevention and control, Biodiversity conservation, Circular and blue economy initiatives and Sustainable use of natural resources and land.

He said government has come up with  Toolkits for Greening the Financial Sector including  the Green finance road map tool, the National task force, Climate and Environ Risk assessment,  Disclosure and Reporting, Greening FIs and  Corporate green bonds.

Dr. Ronald Kaggwa from the National Planning Authority Uganda reported that  the authority   develops indicators and NDPIII has a results framework based on three pillars  namely;. environment and natural resource, industry and also based on governance.

Dr. Ronald Kaggwa responding to some questions during the dialogue.
Dr. Ronald Kaggwa responding to some questions during the dialogue.

To harmonise the indicators Kaggwa said they issue planning guidelines at the central level and local government showing results, measurements and what level and targets to achieve.

The authority he added has also the green growth indicators developed.Those guidelines give a good framework on which these indicators are anchored. MDAs are also requested to develop planning frameworks which must be aligned to the NDPIII and Vision 2040 while all sectors contribute to the attainment of the national vision.

“There is a section on monetary framework which has a targets of attaining the broader NDP targets and vision 2040. It  is the private sector outside the planning horizon but are influenced through taxation and other financial instruments  but are not captured in the planning matrix “ Kaggwa said.

Marc Jueland speaking during the discussions.
Marc Jueland speaking during the discussions.

The planning is based on government programs and sector programs are tuned towards attaining common results to allow harmonization of projects and institutional goals working together asa team.

NDPIII also addresses that through program based planning which have targets such as the  human capital development and all sectors like health, education, gender contribute to it to harmonise the budgets.

Jane Anyango is the Communication Officer, EfD-Mak Centre Uganda.

Jane Anyango

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From Campus to Career: Makerere Advancement Office, 91st Guild and the DFCU Foundation Equip Students with Financial and Employability Skills

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A group of the student leadership, staff of the DFCU Foundation and staff of Makerere University that were in attendance at the career symposium. Career & Financial Literacy Symposium, hosted by the 91st Students’ Guild, in partnership with the Makerere Advancement Office and the DFCU Foundation for Finalists, 4th December 2025, Department of Pharmacy Auditorium, Makerere University Kampala Uganda, East Africa.

On 4th December, 2025, over 200 final-year students gathered at the School of Pharmacy Auditorium for the highly engaging Career & Financial Literacy Symposium, hosted by the 91st Students’ Guild, in partnership with the Makerere Advancement Office and the DFCU Foundation.

The symposium centred on student advancement through strategic partnership, convening students, administrators and development partners for a practical conversation on career readiness, financial literacy, employability, and personal development.

Advancement Through Partnerships

Speaking on behalf of the Makerere Advancement Office, Mr Awel Uwihanganye, Chief Advancement Officer, underscored the importance of partnerships such as the one with DFCU Foundation. He highlighted their importance in equipping students with marketplace skills and opportunities vital for individual growth after University.

Mr. Awel Uwihanganye addressing the students at the Symposium. Career & Financial Literacy Symposium, hosted by the 91st Students’ Guild, in partnership with the Makerere Advancement Office and the DFCU Foundation for Finalists, 4th December 2025, Department of Pharmacy Auditorium, Makerere University Kampala Uganda, East Africa.
Mr. Awel Uwihanganye addressing the students at the Symposium.

He reflected on the university journey as a formative period for ideas, innovation, and lifelong relationships, noting that:

“University is where impressions are made, and future networks are born. The friendships, character, and collaborations you develop here become foundations for careers, enterprises and leadership later in life.”

Mr. Uwihanganye encouraged students to embrace entrepreneurship, creativity and innovation, arguing that the emerging workforce is driven by technology, multi-tasking ability and idea generation rather than traditional single-path employment. He challenged students to build businesses, use digital platforms productively, and regard employment as only one income stream, not the only one.

The Student Perspective — Discipline, Skills and Trust

Speaking on student growth and personal development, Dr. Rodney Rugyema, Deputy Dean of Students, highlighted the realities facing new graduates, especially those entering the job market for the first time. With humour and honesty, he urged students to approach growth intentionally and responsibly.

Dr. Rodney Rugyema giving his remarks during the symposium. Career & Financial Literacy Symposium, hosted by the 91st Students’ Guild, in partnership with the Makerere Advancement Office and the DFCU Foundation for Finalists, 4th December 2025, Department of Pharmacy Auditorium, Makerere University Kampala Uganda, East Africa.
Dr. Rodney Rugyema giving his remarks during the symposium.

He called for delayed gratification, financial discipline and long-term decision-making, reminding students that wealth is built, not wished for. He emphasised the importance of skills beyond academic papers, stating that students must be equipped to create value, adapt, learn continuously, and gain competence relevant to modern work demands.

Dr. Rugyema underscored that trust, integrity and reliability remain the most non-negotiable pillars of professional advancement.

“Let people trust you enough to lend you an opportunity. Be a person who delivers. Your reputation is currency; it travels to rooms you are not in.” He noted

Financial Literacy for the Next Generation

The keynote training session was delivered by Mr. Simon Omara, Business Advisor representing the DFCU Foundation, who walked students through a highly practical presentation on financial planning, savings culture, credit management, record-keeping, career positioning and entrepreneurship.

Mr. Simon Omara equipping the students with financial literacy skills. Career & Financial Literacy Symposium, hosted by the 91st Students’ Guild, in partnership with the Makerere Advancement Office and the DFCU Foundation for Finalists, 4th December 2025, Department of Pharmacy Auditorium, Makerere University Kampala Uganda, East Africa.
Mr. Simon Omara equipping the students with financial literacy skills.

With more than 10,000 graduates annually and less than 35% securing employment within the first year, Mr. Omara challenged students to practice financial and career ownership early. His presentation explored:

Key Competencies Students Must Build

  • Financial management with a focus on budgeting, saving, and investing early
  • Career readiness, CV development, interview skills, and personal branding
  • Entrepreneurship and income diversification
  • Record keeping and credit management
  • Professional conduct and workplace preparation

He reminded students that the future belongs to those who are financially literate, skilled, trusted and entrepreneurial. Through relatable examples and actionable frameworks such as the 70–20–10 rule, the 7-second CV scan, and the 90-day post-graduation growth plan, Mr. Omara equipped participants with practical knowledge they could act upon immediately.

Why This Symposium Matters

This event stands as a testament to the power of partnership-driven student advancement, a core mandate of the Makerere Advancement Office. By convening industry partners like DFCU Foundation, the University continues to ensure that students graduate not only with knowledge, but with tools and readiness for opportunity.

The symposium strengthened linkages between academia and the labour market, expanded students’ perspective on financial independence, and emphasised the value of entrepreneurship, networks and character in shaping future leadership

The Makerere Advancement Office remains committed to facilitating opportunities that empower students to thrive beyond the gates of the University, through partnerships, mentorship, capacity-building, and exposure to real-world skillsets.

“ A degree alone is no longer enough. With partnership, preparation and purpose, our students can build futures anchored in knowledge, opportunity and resilience.” Mr Awel Uwihanganye noted during his remarks.

Caroline Kainomugisha is the Communications Officer, Makerere Advancement Office

Caroline Kainomugisha
Caroline Kainomugisha

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Call For Expression of Interest: WEE-DiFine Research Initiative

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Women’s Economic Empowerment and Digital Finance (WEE-DiFine) banner. Source: WEE-DiFine.

Introduction

WEE-DiFine, a BRAC Institute of Governance and Development (BIGD) led initiative made possible through funding from the Bill & Melinda Gates Foundation, is now accepting expressions of interest on a rolling basis for research projects that enhance the understanding of the role of digital financial services (DFS) in the economic empowerment of women by generating evidence on the causal mechanisms between the two.

Geographies of interest

WEE-DiFine is open to proposals from Sub-Saharan Africa, South Asia, and Southeast Asia. A comprehensive list of eligible countries is available in our FAQ document on our Resources page here. However, proposals from the following nine countries will be prioritized:

  • India
  • Bangladesh
  • Pakistan
  • Indonesia
  • Nigeria
  • Kenya
  • Tanzania
  • Uganda
  • Ethiopia

Deadline: December 15, 2025 at 11:59 pm Bangladesh Standard time (BST) i.e. 8:59 pm EAT.

Please see Downloads for details

Mak Editor

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Trees That Still Give Shade: Celebrating the Life and Impact of Prof. Tumusiime-Mutebile

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Mrs. Betty Tumusiime-Mutebile (Centre) poses for a group photo with dignitaries that graced the 3rd Edition of the public lecture on 3rd December 2025. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.

Makerere University on 3rd December, 2025 hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022. The lecture not only reflects on his remarkable contribution to Uganda’s economic leadership, but also highlights how innovation, resilience, and intergenerational vision can shape Africa’s future.

This year’s edition was anchored on three key pillars—intergenerational leadership, economic resilience, and the power of innovation—themes that defined Prof. Mutebile’s career and continue to influence national development. Through this annual series, the University upholds his memory while also celebrating other African leaders whose work has left a lasting mark on the continent, using their legacies to inspire thoughtful dialogue, policy reflection, and the next generation of transformative thinkers.

Celebrating an Enduring Legacy

In her remarks, the Acting Vice Chancellor, Prof. Sarah Ssali, reflected on Prof. Mutebile’s lifelong commitment to excellence, integrity, and the transformative power of education. She highlighted his journey from a student leader at Makerere to one of the country’s most influential economic thinkers, noting how his leadership in monetary policy, fiscal reform, and economic stabilization reshaped Uganda’s economic trajectory.

Prof. Sarah Ssali. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.
Prof. Sarah Ssali.

Prof. Ssali emphasized that this public lecture series not only honours Mutebile’s legacy but also bridges academia and practice—challenging students, scholars, and national leaders to pursue knowledge that serves the public good. She expressed gratitude to the Bank of Uganda under Dr. Michael Atingi-Ego, dfcu Bank, the GRO Foundation, the Mutebile family, and the Advancement Office for their continued support in sustaining a platform that nurtures economic thought leadership and inspires future generations.

Rt. Hon. Emeritus Amama Mbabazi, a lifelong friend and contemporary of the late Prof. Emmanuel Tumusiime-Mutebile, delivered a deeply personal reflection during the lecture. He recalled their shared beginnings as young student leaders at Makerere, their early political activism, and the historical moments that shaped both their lives and the nation. Speaking as both confidant and colleague, he emphasized Mutebile’s disciplined approach to economic policy, his unwavering belief in strong, accountable institutions, and his commitment to evidence-based, long-term decision making. Mbabazi outlined three pillars of Mutebile’s legacy—policy integrity, institutional strength, and leadership that prepares the next generation—values he affirmed are central to the work of the Tumusiime Foundation, which he now chairs.

Rt. Hon. Amama Mbabazi (Centre) shows of the Makerere necktie presented to him by Prof. Frank N. Mwiine (Left) and Prof. Edward Bbaale at the lecture. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.
Rt. Hon. Amama Mbabazi (Centre) shows of the Makerere necktie presented to him by Prof. Frank N. Mwiine (Left) and Prof. Edward Bbaale at the lecture.

He underscored the critical role of the private sector in Africa’s transformation, stressing the need for productivity-driven economies, skilled young people, and policy ecosystems that encourage innovation. He further called for intergenerational leadership that deliberately transfers knowledge, builds enduring institutions, and creates real opportunities for young Africans to lead. In closing, he urged academia, policymakers, and industry to work in partnership, noting that Africa’s progress depends on disciplined leadership, investment in human capital, and a shared commitment to building a future stronger than the present.

Fiscal Policies that have stood the test of time

The Governor of the Bank of Uganda, Dr. Michael Atingi-Ego, honored the late Prof. Emmanuel Tumusiime-Mutebile with a heartfelt tribute, praising him as “a great tree whose roots ran deep beneath the soil of this nation, nourishing all who followed.” He noted that Uganda continues to benefit from the “shade” of the policies Mutebile planted during his 21-year tenure—policies that stabilized the economy, strengthened institutions, and protected the financial system through multiple crises. He highlighted Mutebile’s role in restoring price stability through cash budgeting, bringing inflation down from triple digits to single digits, guiding the country through the 2008 global financial crisis with disciplined monetary policy, and maintaining public trust during the 2011 inflation spike through clear and transparent communication.

Dr. Michael Atingi-Ego. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.
Dr. Michael Atingi-Ego.

Dr. Atingi-Ego also credited him for steering Uganda safely through the COVID-19 pandemic by introducing liquidity support for banks, credit relief for borrowers, and targeted foreign exchange interventions. Reflecting on Mutebile’s long-term impact, the Governor remarked, “These are the ideas he planted—he never lived to enjoy the shade of the tree, but today, the country rests under it.” He further celebrated Mutebile’s commitment to innovation, citing the 2016 amendments to the Financial Institutions Act that unlocked agency banking, bancassurance, and Islamic banking—reforms that today anchor Uganda’s impressive financial inclusion gains.

Intergenerational Leadership blends agility and emotional intelligence

Eng. Dr. F. F. Tusubira delivered a compelling and deeply reflective keynote, grounding the theme “Intergenerational Leadership, Economic Resilience and the Power of Innovation” in both history and lived institutional experience. He expressed serious concern that although Africa is the world’s youngest continent—with over 65% of its population below 35—its systems continue to sideline young people from leadership and national decision-making, even as they are repeatedly called “leaders of tomorrow.” He argued that this generational exclusion is not merely unfair but dangerous, warning that nations cannot secure economic resilience while locking out the very demographic best equipped to navigate a rapidly evolving, technology-driven world.

Eng. Dr. F.F. Tusubira. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.
Eng. Dr. F.F. Tusubira.

Drawing on African proverbs, global case studies, and personal anecdotes from Makerere and national institutions, he demonstrated how younger generations bring idealism, agility, innovation, and risk-taking—qualities essential for competitiveness—while older generations contribute emotional intelligence, institutional memory and a heightened sense of danger. He emphasized that progress requires blending these strengths through deliberate structures: fair representation of youth in boards and executive spaces, shared decision-making, reverse mentorship, and an institutional culture that values every generational perspective.

Eng. Dr. F.F. Tusubira (Centre) poses with an oil painting of the Main Building presented to him by Prof. Frank N. Mwiine (Left) and Prof. Edward Bbaale after he delivered the keynote address. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.
Eng. Dr. F.F. Tusubira (Centre) poses with an oil painting of the Main Building presented to him by Prof. Frank N. Mwiine (Left) and Prof. Edward Bbaale after he delivered the keynote address.

Dr. Tusubira also highlighted the urgent need for education reform, criticizing the continent’s entrenched “learning to pass exams” culture and calling for systems that cultivate creativity, problem-solving, and technical capability. He cautioned that without investing in human capital, digital literacy, and inclusive innovation ecosystems, Africa risks losing the very foundation of future competitiveness. His message was clear and powerful: intergenerational leadership is not optional—it is a survival strategy for institutions, businesses, and nations, especially in an era where, as he quoted, “it is not the strongest who survive, but those most responsive to change.”

The lecture was further enriched by an engaging panel discussion, which was moderated by Prof. Edward Bbaale, the Principal, College of Business and Management Sciences. He opened the discussion by deliberately centering today’s students and emerging leaders, framing the session as an intellectual reflection on the life, values and legacy of the late Prof. Emmanuel Tumusiime-Mutebile. He positioned the lecture’s theme — Shaping Africa’s Future: Intergenerational Leadership, Economic Resilience and the Power of Innovation — as urgent and practical, and introduced a cross-disciplinary panel whose expertise mirrors that urgency: Eng. Dr. F. F. Tusubira, Mr. Charles Mudiwa the Managing Director Dfcu Bank, and Prof. Faisal Buyinza the Ag. Dean, School of Economics.

Left to Right: Moderator-Prof. Edward Bbale with Panelists-Prof. Faisal Buyinza, Mr. Charles Mudiwa and Eng. Dr. F.F. Tusubira. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.
Left to Right: Moderator-Prof. Edward Bbale with Panelists-Prof. Faisal Buyinza, Mr. Charles Mudiwa and Eng. Dr. F.F. Tusubira.

Prof. Bbaale’s moderation enabled panelists to offer guidance on structural and cultural barriers to youth inclusion, the role of institutions in building resilience, and how academia, industry and policy can work together to turn innovation into jobs and scalable solutions — all the while reserving time for direct audience engagement and practical policy takeaways. Collectively, the panelists urged dismantling age-biased barriers and credential rigidities, creating new entry points and “tables” for youth leadership, scaling finance and training for startups and agribusiness, reforming pedagogy to prioritise skills and creativity, and deepening public-private-academic partnerships so innovation becomes inclusive growth rather than isolated experimentation.

The Family’s heartfelt appreciation

Mrs. Betty Tumusiime-Mutebile delivered heartfelt closing remarks, offering gratitude on behalf of the family and the Tumusiime-Mutebile Foundation. Speaking with deep emotion, she reflected on the late Professor’s character—his honesty, humility, hard work, and unwavering commitment to service above self. She thanked Makerere University, the Bank of Uganda, the Foundation’s leadership, and the many friends and colleagues who have continued to uphold his legacy, noting that although nearly four years have passed since his departure, his memory remains vivid and powerful for the family.

Mrs. Betty Tumusiime-Mutebilie. Makerere University hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022, 3rd December 2025, Main Hall, Kampala Uganda, East Africa.
Mrs. Betty Tumusiime-Mutebilie.

She recalled his devotion to both his public duty and his home, sharing personal stories of his leadership within the family and his steadfast faith that shaped their daily lives. Mrs. Tumusiime-Mutebile also highlighted the Foundation’s ongoing work in youth skilling, ethical governance, and private-sector development—initiatives rooted in his own vision. She concluded by inviting continued partnership to sustain the legacy he built, and led the gathering in singing his favourite chorus, a tender tribute to a man whose influence, she said, endures through the lives he touched.

Eve Nakyanzi

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