Business & Management
17 Government Fisheries officials skilled on Bio-Economics of Fisheries Management
Seventeen (17) fisheries experts from the Uganda’s districts of Kampala, Mukono, Masaka. Wakiso and Jinja have been retooled on the bio-economics of fisheries management . The two days training (15th-16th March 2023) held at Makerere University was facilitated by Africa’s and Ghanaian renowned Professor of environmental economics, Wisdom Akpalu.
Prof. Wisdom was invited by the EfD-Mak centre to come and provide training on bio-economics of fisheries management to fisheries officers in Uganda. Prof. Wisdom is the centre Director of EfD Ghana but also the member of the coordination committee of the entire EfD Network and member of the capacity development committee of the EfD Network but also, the leader of the Blue resources for development- a collaborative program within the EfD Network where fisheries fall.
Government fisheries officials were retooled on different aspects including the cost, revenue and profit in fisheries economics, growth functions in fisheries, property rights and resources extraction, policy instruments to regulate overfishing. Other aspects were dynamic equilibrium and the concept of shadow value, destructive fishing practices, resource use externalities and the performance of capture fisheries in Africa.
The training was officially opened by the Principal College of Business and Management Sciences Assoc. Prof. Eria Hisali who congratulated the centre Director for organizing this training and other initiatives adding that, they are important because they add to our visibility as a a college and university and it also takes us to the government and other agencies out there.
Prof. Hisali noted that Fisheries and fish related products are among and still remain among the five leading exports from Uganda while Africa is one of the two continents where the big proportion of the population still lives directly of the fishing activities and Natural resources in general.
“Our concern then, is the way these activities are being undertaken is not sustainable we risk depleting these resources because of population pressure, and unsustainable practices and once that happens it threatens our existence of our continent but also as countries because if we deplete resources and yet we are living directly of the same, then everyone should be starting to imagine what will happen.
What will happen is untold suffering but also direct conflict for the little resources that would have remained and disintegration of countries and societies” he decried
The Principal challenged all participants to look at the strategic importance of the lessons to be undertaken in the two days
“This intervention that the center is undertaking to share insights on how best we can sustainably use these resources becomes very important for the very survival of our countries. I want you to look at this training as a very important one because it speaks of the very basis of our survival as a country and continent”, Prof. Hisali stressed.
Prof. Hisali advised participants to form a network which should go deeper into ideas given by Prof. Wisdom, contextualize them and ensure they are fully applicable to the Ugandan situation and begin influencing sustainable practices and policy.
“Some civil servants at your level tend to under look themselves. You are extremely powerful and you can influence so many things. So go with that confidence and come up with suggestions that are practical, make sense and that can be implemented.
As a university and specifically the center, Hisali pledged full availability to work closely with the fisheries experts and to convene in case they have ideas to work through the nitty gritties and contribute own insights .Prof. Hisali also pledged that the university will equally be available in terms of creating platforms for the works that fisheries experts do to engage wth policy makers.
As they integrate lessons and experiences and insights, and as they develop materials for policy advocacy, the principal implored participants to get back to working places and pass on the message to build capacity in institution to have a critical mass of public servants and members of the community who have a different perspective on the way of handling natural resources and understanding the implications of mismanagement of resources.
“History will judge extremely harshly if we don’t take the necessary actions today to ensure that the next generation of the people in our continent live a better and more meaningful life”
The Principal thanked Prof. Wisdom Akpalu for making time to come to Uganda and Makerere University in particular to share the knowledge, skills and experiences from Ghana, expressing the need for opening up to share cross country comparisons to learn from one another on the basis of areas with commonalities.
Knowledge on the biology and economics of fisheries management critical for practitioners.
Prof. Wisdom Akpalu observed that Africa has very few people who have the expertise in combining the biology and economics of fisheries management which has made fisheries management difficult and unattractive because decision makers usually want to hear about money, stocks have declined, how to improve stocks and how much can be got if stocks are improved, the social economic implications when stocks are improved and cost involved.
So, by bringing the biology and economics together one is able to paint a much better picture that is more appreciated by policy makers.
“The message is clear. We cannot manage what do not know. We cannot manage if we do not have some level of technical knowledge of how the fisheries operate and it is not sufficient to just have knowledge of the biology of fish the size, movement etc”, Wisdom stated.
Wisdom described Fisheries as an interesting area because it has so many dimensions that requires one to understand both the biology that is, how the fish grows, the thresholds in nature that you cannot harvest beyond a certain threshold or else the stock can collapse. And then you have to add the dimension of economics that when these fishes are harvested, they are harvested for economic and social reasons, as a source of food and also sold in the market that brings in the issue of cost, revenue and how does these influence the way we manage the resource.
“By providing them this knowledge, they now have a better sense of how to bring the knowledge in the biology and economics together to distinguish between concepts such as maximum sustainable yield which is the maximum quantity of fish that we can catch on a yearly basis and maximum economic yield which is the quantity to catch to generate the highest economic benefit.
Usually, the maximum economic yield may be lower than the maximum sustainable yield which means to make a lot of money, or to make the highest possible profit from the fisheries, you may have to deploy a lesser level of effort than you are aiming to catch the maxim you can catch on a yearly basis for society to consume”. The professor explained.
He further explained that sometimes the biology will recommend catching up to maxim yield but, the economics may recommend to restrict the catch because when you catch all, the profits you make is lower. If you reduce the catch at a lower level, other things have to come in, the social consideration, whether fishing for profit or other reason and how to incorporate those reasons in the basic model so as to appreciate things beyond economic gains or pure profits from economics.
Prof. Wisdom commended the participants for the active participation and ability to grasp the subject matter.
“I have been quite impressed. When I was coming, I knew they were going to be faculty graduate students etc. Only to see practitioners, people who were in the field doing fisheries work . I was wondering whether they are a cut for a course like this. But to my surprise, with all the concepts that I had to go through they were very comfortable.
“They showed the clear understanding of the concept and they were looking for more and when I gave exercises they did it clearly and gave me the answers. It has been quiet impressive and it shows that they have potential and the zeal, they have the interest and they will put what they have learnt to practice”. He appreciated.
Prof. Wisdom encourage the university to continue with this type of collaboration adding that the EfD Network within the continent has a lot expertise and potential that can be harnessed for the benefit of individual countries and the continent.
“With this type of interaction we share knowledge and sometimes we tend to undervalue this knowledge that we share but I believe that if we have to change things for better for the continent, we have to begin to make use of our expertise and experiences in a platform like this.
Today, it is bio-economics of fisheries management and next time it should be something also relevant for the continent This was a very good positive initiative, I applaud the university and encourage them to continue” He said.
Namaganda Ruth, the Fisheries officer from Mukono District Local Government said:
“The training was very productive to me in that being on the frontline of managing the fisheries, it gives you a clear picture of how you can predict and advise fishermen as the primary beneficiaries of the resource. At the district level, when policies are being developed, we can guide the technical officers, our superiors and politicians on how to effectively manage the resources.
If possible, the centre should organize more training in other aspects of natural resources because management is so diverse”.
Maganda Moses is the Senior Environmental Officer from Jinja District Local Government. He said:
“The training was very good. Much of what we are missing in government is attaching an economic value to what we do. We do not have those basics of making those estimates and calculations. But at least now, I have an idea of what I can do in case they need such information or data. The training was on how we can collect data on a particular resource of the fisheries sector.
So it was a very good training only that the training period of two days was inadequate and probably and we need further training in that, and even those who did not benefit from this, it would be good to introduce them to such training so that they are equipped with skills of generating data in the fisheries sector”.
Importance of the Fisheries sector
Fisheries according to Prof. Wisdom plays a key role in our social economic social being world over and on the continent. In Ghana, for example about 60% of the animal protein needed comes from fisheries and this because the other types of animal protein are either unavailable, scarce or expensive. So a lot of people derive that requirement from fish.
The same applies in Uganda, where people would have loved to eat fish but because fish is not readily available. So that fact that we have less than 10% of animal protein from fish, is not that people do not like fish but because it is outside the reach of the majority of people.
On the other hand, Wisdom asserts that fisheries are resources that if properly managed they can last forever but then these fisheries are over capitalized and over fished in Ghana and Uganda. So, the fisheries sector is extremely important for job create employing a huge number of the population, giving animal protein requirement,.
“Fisheries products provides foreign exchange because a lot of money is spent through foreign exchange in Uganda through Nile perch processing and export .So the sector is critical and beyond just being important even the value alone to the fish that is harvested is about 2.1% of the Ugandan GDP and that is why it was important for the government officials to be retooled”. Prof. Wisdom explained.
Key issues affecting the fisheries sector
Prof. Wisdom noted that the fisheries sector both in Ghana and Uganda are troubled with so many challenges . One of those is over-capitalization where there are too many vessels, canoes, boats and that has to be reduced. There is also lack of proper management and so much competition for stocks from different sub-sectors that is leading to over exploitation of stock.
There is use of all sorts of destructive methods because there is competition for stock as fisher men tend to think that they can use other illegal means to be able to catch more fish. Some use explosive dynamites, small size nets, small filament nets which are all over the places posing a serious challenge within the industry.
But most importantly there is lack of knowledge and capacity to be able to appreciate the impact of all problems on the stocks, harvest, profits and gains that generated from these resources.
Key policy interventions Uganda can emulate from Ghana
From the discussions and interactions with the fisheries experts, Prof. Wisdom noted that Ghana and Uganda it appears have similar challenges including over capacity in the fishing activities taking place, low political and foreign interests in the fisheries sector with foreigners coming in to compete with locals.
In Ghana, Wisdom said, there are areas dedicated to small scale fishing and the aim is to secure livelihoods of poor people living along coastal communities, with specific marked spaces that are reserved for local fishermen so that they can have some catch.
Uganda can learn that Ghana has demarcated where and what locals and foreigners can fish.
“We should also priorities local fishermen viz-a-viz foreign vessels and if possible impose enough taxes on the foreign vessels and use those taxes to take care of local fishermen. We realized that we can gain efficiency by allowing foreign vessels to fish species that local people find difficult to catch and make sure we get taxes that can support local fishing industry so that local fishermen are not denied their basic livelihoods.
Ghana according Prof. Wisdom has clauses and policies where within specific areas fishermen are not supposed to fish to allow the stocks to recover. From the discussion with the fisheries officials, Uganda also did it once or twice but has not done it for some time. It is time for Uganda to revisit and try to implement this policies because there are clear ecological benefits and improvement in catches of fisher folks.
Although Uganda has marine police like in Ghana, Ghana in addition has other established local institutions. There is what is called, “landing beach enforcement committee” where local people constitute themselves into enforcement units and they are able to control some of the illegal practices about fisher folks that Uganda can learn from.
Ghana as explained by Prof. Wisdom has a strong collaboration between research, academia and policy makers working at the ministries and then, the stakeholders the fisher folks and civil society organizations. That platform he advised should be encouraged to be created so that it will not be one sided decision, it will be a platform where researchers, fisher folks, civil society organizations and the ministries can always come together to discuss issues of common interest.
Ghana has also established the scientific and technical committee of the Fisheries commission compromising stakeholders such as people from academia who identify and investigate issues for discussion and advise the commission to implement issues observed and Uganda can learn from this.
In Ghana’s fishing communities, there is what they call, “the fish queens or mummies”. These are women who take key roles in post-harvest activities and the fish queen is the leader of women engaged in fish processing and trading and typically, they are the ones who determine the pricing of fish. When the fisher folks come from the sea, they observe the catches of a few vessels like the first three canoes and are able to tell what the supply of the day would be and that guides them to determine the price per measure would be and they announce that price and every fisherman that comes has to sell at that price. So they play that key role of determining the price of fish and all fishermen on that day obey that particular price.
In Ghana, the fisheries industry especially the artisanal vessels are supposed to be Ghanaian. The semi-industrial vessels are also supposed to be owned by Ghanaians and including industrial trawlers are also supposed to be owned by Ghanaians. But because the Ghanaian don’t have the capacity to own the trawlers, they go into a hire purchase agreement and the agreement tends to be rooted in corruption. Those who claim to have hired the vessels do it on behalf of foreigners who disguise as experts on how to manage vessels but are the true beneficiaries. At the end of the day they end up catching the fish they are not supposed to and make a lot of money. So there are Vessel Monitoring Systems that are installed on vessels to monitor and track them and to know where exactly they are operating.
Prof. Wisdom says he has been recommending installation of video devices so that the activities can be watched at a distance so that they can be regulated better and avoid exploitation. By installing video devices on boats and vessels that target big species like the Nile perch to monitor them, the benefits cost will be 21 to 1.
Remarks by the Director EfD-Mak centre
Prof. Edward Bbaale welcomed participants to Makarere University and the EfD Centre. In a special way, Prof. Bbaale thanked the visiting professor for moving all the way from Ghana to come and facilitate the workshop.
Bbaale also extended appreciation to the university management and the Principal CoBAMS for facilitating and overseeing the center’s operations.
He thanked participants for making time to come to Makerere saying, they were selected because they were instrumental in their duty station assuring them that the training will focus on what they do at their places of work.
Prof. Bbaale assured participants that none of the participants was selected by Makerere but letters were write to their bosses who selected them. He said by the end of the training, they would have changed the way they perceived things and the way they would want to go deeper into bio economics of fisheries management.
He assured participants that the facilitator is one of the best environmental economists in Africa.
“We have a person that has invested a lot of time in the work for which he is sharing with us. He has had a lot of experience working with international organizations before he came back to work with a university in Ghana and also to established the EfD centre in Ghana”
He thanked Prof. Wisdom for creating this collaboration saying, the center is developing capacity in different areas and would be glad to visit Ghana and share the experiences.
“Uganda is an agricultural country and the government officers you see here are very few compared to the need that we have, that means that may be another time we shall invite you for another cohort because here, are people from the ministry of agriculture, environmental police, and colleagues from different local governments from different districts. It means that to have lasting impact we must require that we have several rounds of this nature”, Bbaale added.
Prof. Wisdom Akpalu
Prof. Wisdom is the Centre Director of EfD Ghana but also the member of the coordination committee of the entire EfD Network and member of the capacity development committee of the EfD Network but importantly, the leader of the Blue resources for development- a collaborative program within the EfD Network where fisheries is. He obtained a PhD in economics from the University of Gothenburg Sweden 2006. He is currently Dean, of the School of Research and Graduate Studies at the Ghana Institute of Management and Public Administration. Prof Wisdom is also the President of the African Association of Environmental and Resource Economists in Africa. His research focuses on social economics of natural resource management including fisheries management, economics of crime and punishment and economic institutions.
Makerere University has signed a Memorandum of Understanding (MoU) with the Insurance Training College (ITC) aimed at enhancing professional training, research, and industry engagement in the fields of actuarial science and insurance.
The signing ceremony, held on May 6, 2025, at the University Main Building, was presided over by the Vice Chancellor, Prof. Barnabas Nawangwe, and attended by officials from both institutions. The MoU will be implemented through the College of Business and Management Sciences (CoBAMS) and is expected to significantly benefit students, particularly those pursuing Actuarial Science.
Under the new agreement, Makerere University students will receive exemptions from selected certification courses offered by the Insurance Training College, easing their path toward professional accreditation. The partnership also paves the way for joint training programs, research collaborations, internship placements, external examination services, and other mutually beneficial initiatives.
Speaking at the ceremony, Prof. Nawangwe emphasized the importance of such collaborations in preparing students for a dynamic and competitive job market.
“This MoU is both timely and strategic. Collaborations with professional bodies such as the Insurance Training College ensure that our students are not only academically grounded but also professionally prepared to meet industry demands,” said Prof. Nawangwe.
“The insurance sector is one of the fastest-growing industries in the region. It requires well-trained, ethical, and innovative professionals—and Makerere University is committed to producing exactly that.”
On behalf of the Insurance Training College, Mr. Saul Sseremba, Chief Executive Officer, expressed enthusiasm about the partnership and its long-term impact.
“We are excited to formalize our collaboration with Makerere University. Our goal is to build a critical mass of highly skilled insurance professionals who will drive the transformation of the sector in Uganda and beyond,” said Mr. Sseremba.
“We look forward to a fruitful relationship that blends academic excellence with industry relevance.”
Also speaking at the event, Prof. Bbaale Edward, Principal of CoBAMS, underscored the significance of the partnership in enhancing the college’s mission of bridging academic theory and professional practice.
“This MoU is aligned with our strategic goal of strengthening industry linkages and providing our students with hands-on exposure to the realities of the workplace,” said Prof. Bbaale said.
“Actuarial Science is a rigorous program, and these exemptions will ease our students’ progression into professional certification while motivating them to pursue excellence. We are grateful to ITC for this opportunity and look forward to implementing this partnership effectively.”
The MoU signifies Makerere University‘s continued commitment to strengthening university-industry linkages, expanding professional pathways for students, and fostering applied research that contributes to national development.
The signing was witnessed by the Head of Department, Statistical Methods and Actuarial Science, Dr. Felix Wamono, the Dean School of Planning and Statistics, Dr. Margaret Banga and Dr. Shaheen Memon – Assistant Lecturer.
The event concluded with a symbolic signing of the agreement and a commitment from both parties to begin implementation immediately.
Business & Management
Bank of Uganda holds career talk with students: Commits to Annual Monetary policy engagements
On 14th April 2025, the Bank of Uganda in partnership with the College of Business and Management Sciences (CoBAMS) hosted a career talk targeting students studying economics at Makerere University.
The Bank of Uganda is one of the leading employers of students from Makerere University. It is therefore a key strategic partner of Makerere University.
In line with the theme of the career talk, ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ the various Speakers shared their student experiences while at the University up to graduation, and their real-life experiences as they transitioned into the world of work. This approach enabled the Speakers to manage the expectations of the students, who in turn, listened attentively to the Speakers, actively participated in the plenary, responded to questions from the Speakers, asked questions after each presentation, and requested for more engagements, mentorship and networking sessions.
From the presentations and discussion, the world of work focused on fields such as economics, business, finance, accounting, entrepreneurship, farming, the academia, the teaching profession, and any other field that presented the Speakers with an opportunity to serve their respective communities.
Featuring Mr. Jonah Waiswa, the Head of Stakeholder Engagement at the Bank of Uganda, the career talk, presented a scenario of, “I have walked this journey. I have been successful. When you listen to my story, you could get some tips and valuable knowledge to guide you as a student who is scheduled to transition into the world of work.”
During the career talk, the students also listened to speeches loaded with words of wisdom and inspiration from the Principal of the College of Business and Management Sciences-Prof. Edward Bbaale, the Dean of the School of Economics- Dr. Ibrahim Mike Okumu, and Lecturers from the School of Economics-Dr. Peter Babyenda and Mr. Fred Kasalirwe.
Welcoming the team from Bank of Uganda, Prof. Edward Bbaale pointed out that their presence signified a continued commitment to nurturing the next generation of economists- who are academically sound and industry-ready.
“The theme for the Career Talk was relevant and timely. As the College prepares students to thrive in a highly competitive and dynamic global economy, it is important that they are exposed to practical experiences and real world insights,” he stated.
According to the Principal, the collaboration between Makerere University and the Bank of Uganda is long-standing and deeply valued. “In the past years, the School of Economics has benefited greatly from this relationship-through teaching of specialized courses such as Monetary Economics and Banking by experts from the Central Bank. Many of our alumni fondly recall these interactions that bridged theory with practice,” he remarked.
To the students, he said, “I urge you to listen keenly, ask questions and make the most of today’s interaction.”
Challenging the students to always utilize opportunities when they arise, the Dean of the School of Economics, Dr. Mike Ibrahim Okumu reminded students that economics is not just about understanding the world, but about changing it.
Dr. Okumu reported that the School of Economics’ esteemed collaboration with the Central Bank has been instrumental in developing the curriculum. “This year, we are excited to launch a Master of Science in Economic and Investment Modelling, admitting a select group of ten students. This programme signifies our commitment to producing graduates who are deeply engaged in practical applications of economics,” he stated.
Building on the goodwill between Makerere University and the Bank of Uganda, Mr. Waiswa was pleased to address the students-who are the prospective employees of the Central Bank as well as future economists.
Impressed by the level of attendance, the keynote Speaker-Mr. Jonah Waiswa commended the College Principal, the Dean and Staff in the School of Economics and the Makerere University Economics Students Society for the excellent mobilization.
He was delighted to address students studying economics at the University because he was once like them. “I was once an undergraduate student like you. I focused on my studies and performed well. I took advantage of the opportunities that came my way. I have spent a number of years working with the central bank,” shared Mr. Waiswa, an alumnus of Makerere University who on completion of his studies was privileged to join the world of work.
In his presentation, Mr. Waiswa highlighted the Bank of Uganda’s mission to foster price stability and a sound financial system, and its vision of being a centre of excellence in upholding macroeconomic stability. The Bank of Uganda is mandated under article 162(1) of the constitution to promote and maintain the stability of the value of the of the currency of Uganda; to regulate the currency system in the interest of the economic progress of Uganda; and to encourage and promote economic development and efficient utilization of resources.
He defined concepts such as monetary policy, macro-economic management policies, inflation and stability of the economy, which are taught in the classroom at Makerere University, and applicable at the Central Bank. He stressed that the cardinal principle of the Bank of Uganda is to control inflation. He made specific reference to some of the values of Bank of Uganda namely Integrity, Accountability, Transparency, professionalism, inclusivity and innovation. He informed students that these values are central to the day to day lives of students who wish to excel in life and at the world of work.
He requested the students to always log on to the central bank website to have a broader understanding of its roles, functions, opportunities that are available to students as well as careers at Bank of Uganda.
Mr. Waiswa highlighted that education is the ladder to socio-economic transformation. He called upon the economics students who have been presented with the golden opportunity to access education up to the level of the university, to reflect on the question. “How do I leverage my education to make myself better?”
With reference to the theme of the Career talk, Mr. Waiswa noted that the starting point is for each student to understand and appreciate the need to concentrate on his or her studies and excel academically. According to him, academic excellence presents an individual with a chance to tap into other opportunities.
In addition to academic excellence, students should prepare to transition into the world of work, which could be, in the form of being employed, or self-employed or an entrepreneur. Mr. Waiswa guided that whatever field in the world of work, an individual pursues, understanding aspects such as self-discipline, time-management, acquisition of additional skills relevant to your work, integrity, accountability, and among others are paramount.
He rallied students to value internship or industrial training, voluntary service, networking and mentorship. He advised them to always navigate the websites of different institutions/companies to understand their roles, the caliber of employees that they require, and to search for opportunities.
Sharing his journey of humble beginnings, completing his undergraduate degree and enrolling into the world of work based on hard-work and merit, Mr. Waiswa informed the students that it is possible to commit to breaking the chains and succeed in life. Emphasizing the importance of education, Mr. Waiswa reminded the students that the fact that they have been able to study at Makerere University, they should harness the power of education to transform their lives and the communities that they come from.
“My journey has been from humble beginnings to a position where I can influence change-it’s a testament to the power of education. Inspiration is critical, and I hope you take something valuable from today,” said Mr. Waiswa.
“For those of you in the second and third year of study, your studies in monetary economics and macroeconomics are foundational. They lead us to understand the practical implications of what we learn in the classroom. However, it’s imperative that we also focus on life experiences and the journey to transformation,” he added.
Education is the ladder that connects us, regardless of where we may find ourselves in Uganda. It is this a common ground that can propel us forward. Leveraging your education to improve your circumstances is key, but it requires a passion and a drive to succeed.
Mr. Waiswa advised the students that the world of work requires employees who read the signs and take off time to acquire additional skills in a particular field. These include: Enrolling to study professional courses, acquisition of ICT skills, adapting to trends such as AI, as well as attaining a Master’s degree in the relevant discipline.
Without mentioning the names of the affected individuals (as confidentiality is concerned), Mr. Waiswa shared a lived experience where he painful witnessed some employees who had served with dedication at a particular organisation missing out at the time for promotion to the managerial level because they lacked a Masters’ degree. He noted that such individuals did not take advantage of availability of funds provided by the same organization to its employees to enroll for further studies.
Reflecting on the world of work, he asked the students, “Who are you out of class? He challenged them to visualize their technical competence (qualification) which includes the technological expertise, productive competence, communication competence (interpersonal relations) and personal development.
On the fundamental aspect of personal growth and development, he used an illustration of the effort pyramid to explain the concepts of growth and development, Job/work, and academics.
He emphasized the need for diversification by investing in more than one asset class. He mentioned stocks, bonds, real estate and cash as some of the asset allocations that could be considered.
Tackling the area of investing, Mr. Waiswa revealed that fundamental wealth creation is about managing risk. “During investment decisions, we are presented with profits and losses, but the most important factor is managing risk,” he guided.
Underscoring the value of being accountable, Mr. Waiswa explained that when an individual secures a job, it is imperative that he or she works for the number of hours agreed upon, and delivers to the best of his or her ability. “After you have accorded your employer the hours agreed upon, it is important to use the rest of the hours or weekends to take on activities that advance your personal growth, networks and additional sources of income,” he said. In this regard, he informed the students, that after his working hours at the Bank of Uganda, he ventures into real-estate, farming, entrepreneurship and building valuable networks.
On the issue of prioritizing work and valuing networks, he said: “Despite my busy weekends dedicated to farming, I prioritized being here today because I am committed to my personal growth and that of my future generations. Remember that what you expect of life is often what you have to work tirelessly to achieve.”
He believes that after graduation and getting into the world of work, one should be able to marry or get married, produce children and balance work with family when he or she is still energetic. He encouraged the would be husbands to trust their partners, to be specific-by involving their wives in businesses and decision making processes.
Wrapping up, Mr. Waiswa disclosed that officials from the Bank of Uganda will be scheduled to come to Makerere University every year to discuss monetary policy and career prospects at the Bank. “Effective July 2025, we will implement a deliberate plan to come and engage with students at the College of Business and Management Sciences,” he said.
On behalf of the students, Mr. Swaibuh Damulira, the President of the Makerere University Economics Students Society applauded the Bank of Uganda team for creating time to enlighten students about the world of work. He testified that the career talk had enabled him to learn new things and very important ideas about the life style cycle. He called for continuity of career guidance initiatives for the benefit of the students.
On behalf of the Organising Committee, Dr. Peter Babyenda thanked Mr. Jonah Waiswa for dedicating time to share his rich and wide real life experiences with students. “As economists, it is vital to understand current challenges and devise solutions. Networking is essential for it presents us with the ability to collaborate effectively,” he explained.
“Together, we aim to link the University with policy makers, reducing the distance between the academia and the real world. I thank Fred Kasalirwe and the Class coordinators for their unwavering support in organizing this career talk,” he remarked.
Dr. Babyenda underscored the importance of students’ participation, when he stated, “Remember, the university experience is incomplete without you, our students, who are our greatest resource. Let us continue fostering these important connections.”
The career talk climaxed with a specialized session scheduled for student leaders to visit the Central Bank next month for an in-depth discussion.
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