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Makerere University-Prudential Assurance sign MoU

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Makerere University and Prudential Assurance Uganda on October 21th, 2022 signed a partnership to establish the “Prudential Actuarial Support Scheme” (PASS) at the college of Business and Management Sciences.

The Memorandum of Understanding was signed by Vice Chancellor Prof. Barnabas Nawangwe and Mr Tetteh Ayitevie, the CEO of Prudential Assurance. 

This memorandum of understanding looks at the establishment of a scheme that looks to promote development of actuarial capacity through rewarding excellent students in actuarial science as well as supporting top graduate students with mentorship, internship opportunities and financial assistance to become certified actuaries at the College of Business and Management sciences (CoBAMS).

Each year one top student from Makerere University will be offered a one-year apprenticeship at Prudential and the top five students of Actuarial Science will each be rewarded with USD 500 upon graduation. Prudential will also cover the cost of all examinations written by the students.

Professor Eria Hisali the Principal College of Business and Management Sciences which is the beneficiary college highlighted that it is such another important day for the university for yet again to partner with prudential a few days after ACCA Global to boost training in the Bachelors of Commerce and Actuarial Sciences.

“The Choice of partnering with Prudential and ACCA Global speak to an initiative of quality assurance and our strategic focus set in place by CoBAMS to ensure standard and professionalism for our students”. Said Professor Hisali who thanked Prudential Assurance Uganda for always thinking about Makerere University.

Speaking during the launch, Mr. Tetteh Ayitevie, CEO- Prudential said “As a business, promoting professionalism within the industry is important. This program seeks to pave the path for graduates in actuarial science to sign up for professional affiliate programs as a way of deepening their knowledge of insurance from a business perspective”.

Mr. Ayitevie added that by this partnership, a seed of transformation in the economic development of Uganda has been sown since the country is on the move evident by the steadily increasing uptake of Insurance as reported by the Insurance regulatory Authority (IRA) of Uganda.

Mr. Ivan Kilameri who represented the Chief Executive Director Insurance Regulatory Authority Uganda Al-Hajji Kaddunabi Lubega, said the PASS program is a timely endeavor, coming at a time when the insurance industry is noticing a rise in the demand for insurance financial services.

“Insurance is a vehicle through which people cultivate their financial security and cultivate their wealth and largely hinged on actuarial science. This program is timely and will go a long way in increasing the number of certified actuaries in the industry,” concluded Mr. Kilameri.

Professor Barnabas Nawangwe the Vice Chancellor Makerere University, thanked Prudential for the initiative that will go a long way in making certification more attractive to students highlighting how tremendously Makerere has impacted the world in every discipline to an extent that every country in the world at least has a product from the “Ivory Tower”.

Prof Nawangwe added that considering the experience Prudential has in insurance, he is convinced beyond measure that it will guide and mentor not only Makerere University students but also staff to improve their lives and careers at large.

The Prudential Actuarial Support Scheme (PASS) is a deliberate move by Prudential to contribute to the growth of Insurance Industry in Uganda and ensure that the sector has required resources to develop products that meet the needs of the customers.

This similar program by prudential is also run in Kenya and Ghana since 2014 and 2015 respectively and very intentional that due to this program, at least 25 actuarial students will be supported by 2027.

Business & Management

Dept. of Population Studies Staff Complete Training on Doctoral Supervision

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Dr. Patricia Ndugga (Seated Right) with facilitators from CEES and some of the participants that took part in the training. Department of Population Studies, School of Statistics and Planning comprehensive three-day training on Doctoral Supervision by faculty from the College of Education and External Studies and experts from the Directorate of Research and Graduate Training funded by a grant from the Carnegie Corporation, 28th - 30th June 2024, the Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

Staff members from the Department of Population Studies, within the School of Statistics and Planning at Makerere University, have successfully completed a comprehensive three-day training on Doctoral Supervision. The training, held from June 28 to June 30, 2024, was meticulously conducted by esteemed faculty from the College of Education and External Studies, alongside experts from the Directorate of Research and Graduate Training.

The initiative, aimed at enhancing the supervisory skills of doctoral advisors, underscores Makerere University‘s commitment to academic excellence and robust research mentorship. The Deputy Principal of the College of Business and Management Sciences, Prof. James Wokadala, officiated the closing ceremony, commending the participants for their dedication and active engagement throughout the training sessions.

Dr. James Wokadala gives his remarks at the close of the training. Department of Population Studies, School of Statistics and Planning comprehensive three-day training on Doctoral Supervision by faculty from the College of Education and External Studies and experts from the Directorate of Research and Graduate Training funded by a grant from the Carnegie Corporation, 28th - 30th June 2024, the Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

“We are committed to fostering a supportive and rigorous research environment for our doctoral candidates. This training is a testament to our dedication to academic excellence and effective mentorship,” remarked Prof. Wokadala in his closing address.

He said the college has got plans to improve PhD graduation levels, some of which include appointing two PhD coordinators per school. He asked the staff to exhibit high ethical standards while supervising the students.

Dr. James Wokadala (Seated Centre) with participants at the training. Department of Population Studies, School of Statistics and Planning comprehensive three-day training on Doctoral Supervision by faculty from the College of Education and External Studies and experts from the Directorate of Research and Graduate Training funded by a grant from the Carnegie Corporation, 28th - 30th June 2024, the Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

The training program was generously funded by a grant from the Carnegie Corporation, secured by Dr. Patricia Ndugga. The grant facilitated a series of interactive workshops, case studies, and collaborative discussions, designed to equip the faculty with advanced supervisory techniques and strategies to support doctoral students effectively.

Dr. Patricia Ndugga expressed her gratitude for the support, stating, “This training is a significant step towards enhancing the quality of doctoral supervision at Makerere University. We are grateful to the Carnegie Corporation for their continued support in our quest to improve research training and mentorship.”

Dr. Patricia Ndugga (Left) with other participants at the training. Department of Population Studies, School of Statistics and Planning comprehensive three-day training on Doctoral Supervision by faculty from the College of Education and External Studies and experts from the Directorate of Research and Graduate Training funded by a grant from the Carnegie Corporation, 28th - 30th June 2024, the Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

The participants, who included both seasoned and emerging academic staff, have expressed their enthusiasm for applying the new skills and knowledge gained to their supervisory roles, thereby enriching the academic journey of their doctoral students.

Makerere University remains steadfast in its mission to provide top-tier education and research training, continuously seeking avenues to enhance the capabilities of its faculty and the academic experience of its students.

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Business & Management

MBA Shortlist for Graduate Admission Test (GAT) 2024/2025

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The School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda.

The Academic Registrar, Makerere University, invites all shortlisted candidates who applied for the Master of Business Administration (MBA) programme offered at Makerere University Main Campus; College of Business and Management Sciences (CoBAMS) for academic year 2024/2025 for a Graduate Admission Test (GAT).

The test is scheduled to take place on Saturday 13th July, 2024 starting 9:00 AM at CoBAMS.

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New Development Economics program gathers support at stakeholder workshop

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The Principal-Prof. Edward Bbaale (2nd Right), Dean School of Economics-Prof. Ibrahim Mike Okumu (Right), Deputy Principal CoNAS-Prof. Juma Kasozi (Left) and other officals that attended the stakeholder workshop on 20th June 2024. College of Business and Management Sciences’ School of Economics, stakeholders workshop to envision the future of economic education in Uganda, unveiling of the proposed Bachelor of Science in Development Economics, 20th June 2024, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.

In a key gathering at College of Business and Management Sciences’ School of Economics, stakeholders from diverse sectors convened yesterday (June 20, 24) to envision the future of economic education in Uganda. The occasion centered around the unveiling of the proposed Bachelor of Science in Development Economics, a program poised to reshape how economic challenges are addressed and opportunities harnessed in the country.

Among the esteemed speakers were Prof. Edward Bbaale, Principal of the college, and Prof. Ibrahim Mike Okumu, Dean of the School of Economics, whose shared enthusiasm for the new program underscored its potential impact. “This initiative aligns seamlessly with Uganda’s Development Goal Vision 2030 and the National Development Plan III (NDPIII),” Prof. Bbaale remarked. “Our aim is to empower students with the knowledge and skills to drive sustainable development across the nation.”

Prof. Edward Bbaale addresses participants at the workshop. College of Business and Management Sciences’ School of Economics, stakeholders workshop to envision the future of economic education in Uganda, unveiling of the proposed Bachelor of Science in Development Economics, 20th June 2024, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.

“Our aim is not only to contribute to the development of Uganda but also to impact the wider African region and beyond,” Prof. Bbaale said.

Development Economics, as emphasized by Prof. Okumu, represents a fusion of economic theory and practical application aimed at fostering inclusive growth and poverty reduction. “This program,” he explained, “is not just about classroom learning; it’s about preparing future economists to engage directly with real-world challenges and policy-making processes.”

With an emphasis on research-led teaching and innovative approaches to economic analysis, the Bachelor of Science in Development Economics aims to position graduates as thought leaders capable of driving sustainable economic growth and development.

Participants included Deputy Principals of CoNAS and CHUSS, Prof. Juma Kasozi (Left) and Prof. Eric Awich Ochen (2nd Left) respectively. College of Business and Management Sciences’ School of Economics, stakeholders workshop to envision the future of economic education in Uganda, unveiling of the proposed Bachelor of Science in Development Economics, 20th June 2024, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.

The workshop provided a dynamic forum for stakeholders from the Ministry of Finance, Planning and Economic Development, as well as representatives from KCCA, CHUSS, CONAS, URA, and the private sector, to offer valuable insights. Discussions centered on curriculum design, industry relevance, and collaborative opportunities, reflecting a shared commitment to equipping graduates with the skills demanded by today’s economy.

“The Ministry of Finance recognizes the pivotal role of this program in advancing Uganda’s economic agenda,” noted a representative during the workshop. “By focusing on development economics, we are fostering a cadre of professionals capable of driving innovation and sustainable growth.”

Participants at the workshop follow proceedings. College of Business and Management Sciences’ School of Economics, stakeholders workshop to envision the future of economic education in Uganda, unveiling of the proposed Bachelor of Science in Development Economics, 20th June 2024, Yusuf Lule Central Teaching Facility, Makerere University, Kampala Uganda, East Africa.

From the private sector, there was a clear call for graduates who possess not only theoretical knowledge but also practical experience. “We look forward to collaborating with the School of Economics to ensure that students gain hands-on skills that are directly applicable to our evolving business landscape,” remarked a representative from a leading industry player.

Looking forward, the School of Economics aims to integrate stakeholder feedback into finalizing the program’s curriculum and securing necessary accreditation. With an emphasis on research and policy analysis, the Bachelor of Science in Development Economics aims to prepare graduates to become catalysts for change, equipped to navigate Uganda’s economic complexities.

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