Left to Right: The Vice Chancellor, Prof. Barnabas Nawangwe, Ms. Cathy Adengo, Mr. Japheth Katto, Ambassador Damalie Ssali and Prof. Godfrey Akileng pose for a group photo during the Public Lecture on Corporate Governance held 5th April 2023 in the Yusuf Lule Auditorium, Makerere University.
Renowned Corporate Governance Consultant Japheth Katto has advised businesses to ensure their entities are run on the principles of corporate governance if they are to grow and make profit.
Corporate Governance, he said, is concerned with holding the balance between economic and social goals as well as between individual and communal goals.
Quoting Sir Adrian Cadbury, Katto said the corporate governance framework exists to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society.
Mr. Japheth Katto delivers the public lecture.
Mr. Katto was speaking during a public lecture, organized by the School of Business, Makerere University on Corporate Governance as a Strategy for Business Competitiveness held on April 5, 2023 in the Yusuf Lule Auditorium.
He said good corporate governance is the foundation of any successful business. “In business, it refers to the purpose, people, processes, practices, and policies used to make formal decisions and run the company.”
“Research has shown that better-governed firms have higher stock prices and investors are rushing to buy their shares” Mr. Katto said.
Part of the audience that attended the Public Lecture on Corporate Governance organised by the School of Business, Makerere University.
Corporate governance not only applies to big firms but also the small start-ups, Mr Katto shared.
“The high level of informality of most African Economies, which includes Uganda and the role of these businesses that operate informally (SME’s who employ 75% of Ugandans) significantly add to the economic growth of the economy but –
there are no formal ways to enforce and improve their corporate governance since they are not officially captured in the data. Uganda’s 1.1 million SME’s account for 80% of the country’s GDP and 90% of its private sector,” he said.
Seated Right to Left: The DVCAA-Prof. Umar Kakumba, Mr. Japheth Katto, Ms. Cathy Adengo and Ambassador Damalie Ssali with some of the officials that graced the public lecture.
Mr. Katto shared that corporate governance has some pillars that all firms must abide by. These include;
Transparency
Accountability
Fairness
Responsibility
Independence
Ethical conduct
Reputation and Reputational risk
Ambassador Damalie Ssali, one of the panelists at the public lecture.
All these pillars, Ambassador Damalie Ssali one of the panelists added, must be imbued in the employees of the organization. She underscored the importance of diversity among board members as well as employees. She said diversity will result in innovation among the employees and thus spur competitiveness.
“Your organization should have diversity of skills and gender. Research has shown that companies with gender diversity perform better than those that are male dominated” she added.
The DVCAA-Prof. Umar Kakumba (Right) presents Mak Souvenirs to Mr. Japheth Katto (Left) after he delivered the public lecture.
To become competitive, businesses were advised to 1. Establish and implement clear policies and procedures 2. Appoint a suitable board of directors (skills, ethics, independence) 3. Implement robust internal controls and trainings, and 4. Be accountable.
Once a company is competitive it stands to gain from access to loans, access to markets, strategic partnerships, talent retention, good will from the public, reporting and accountability and long term sustainability among others.
On the qualities of individuals that companies hire, Mr. Katto said, “We’re looking for three things, generally, in a person: intelligence, energy and integrity. And if they don’t have the last one, don’t even bother with the first two”.
Ms. Cathy Adengo makes her contribution during the panel discussion.
Ms. Cathy Adengo, one of the panelists emphasized that people want to be associated with organizations that have good corporate governance because those will thrive. She advised the students to look to such firms when searching for jobs.
The public lecture was graced by the Vice Chancellor Prof. Barnabas Nawangwe who appreciated the keynote speaker for sparing time to share knowledge with staff, students and members of the public present. He encouraged the students to listen attentively as he too was delighted to listen to Mr. Katto and learn something new on corporate governance.
The Vice Chancellor Prof. Barnabas Nawangwe (Right) makes his remarks during the public lecture.
He thanked the School of Business for organizing the public lecture for it will benefit the students. “They will go out to lead the world better equipped,” he said.
The Vice Chancellor made reference to a newspaper article that cited the Mulwana Empire as being one of the few surviving family businesses in Uganda, which was attributed to its corporate governance. In reference to Makerere, he said the institution also survived the political turmoil of the 1980s due to good corporate governance.
Prof. Godfrey Akileng, Dean School of Business, College of Business and Management Sciences (CoBAMS).
The Dean School of Business, Prof. Godfrey Akileng who represented the Principal of the College of Business and Management Sciences (CoBAMS), Prof. Eria Hisali, also appreciated Mr. Katto and the organisers of the lecture. He challenged the students to ensure they learn something and utilize it to run or start their businesses.
“Corporate governance not only relates to private firms but can be used as a driver in SMEs and public institutions,” he said.
Over 35 public officials from various Ministries, Departments and Agencies (MDAs) have commenced a two-week intensive training in Financial Appraisal and Risk Analysis in Mbarara. The training is organized by the Public Investment Management (PIM) Centre of Excellence at Makerere University, in collaboration with the Ministry of Finance, Planning and Economic Development (MoFPED), the National Planning Authority (NPA), and Cambridge Resources International (CRI).
Speaking on behalf of the Permanent Secretary and Secretary to the Treasury, Ms. Esther Ayebare commended the ongoing efforts to strengthen Uganda’s public investment management systems. She highlighted the recent launch of the National Public Investment Management Policy, describing it as a robust and unified framework guiding the entire investment cycle—from planning and appraisal through to implementation and post-evaluation.
Ms. Esther Ayebare.
Ms. Ayebare further noted other key reforms including the Framework for Tracking Implementation and Performance of Public Investments, the revised Development Committee Guidelines, and the Integrated Bank of Projects, all of which are designed to improve efficiency, accountability, and value-for-money in public investments.
“Each of these reforms plays a key role in enhancing public investment management. I urge you to familiarize yourselves with them and integrate these frameworks into your daily work,” she added.
Prof. Eria Hisali.
The Deputy Director of the PIM Centre of Excellence, Prof. Eria Hisali, encouraged participants to actively engage throughout the training and make the most of the opportunity to build their analytical and decision-making capacity. He commended the Ministry of Finance for its continued financial support to the Centre and reaffirmed Makerere University’s commitment to providing high-quality training and research to strengthen public investment governance.
The Manager of the PIM Centre, Dr. John Sseruyange, underscored the importance of the training, emphasizing that the PIM Centre was established to build national capacity in the appraisal, management, and evaluation of public investments. He called on participants to apply the knowledge gained to improve project preparation and implementation within their respective institutions.
Dr. John Sseruyange.
Dr. Sseruyange also expressed appreciation to the team of facilitators drawn from Makerere University, MoFPED, NPA, and CRI for their expertise and continued dedication to building Uganda’s human capital for effective public investment management.
The Financial Appraisal and Risk Analysis course is part of a broader capacity-building programme implemented by the PIM Centre aimed at enhancing the skills of public officials in the design, evaluation, and monitoring of development projects to ensure that public investments deliver optimal socio-economic returns for the country.
The meeting was chaired by Ms. Getrude Basiima, who represented Mr. Hannington Ashaba, Director Budget at the Ministry of Finance, Planning and Economic Development (MoFPED). Ms. Basiima commended the Centre for its continued commitment to strengthening public investment management capacity across government institutions.
In her remarks, Ms. Basiima applauded the Centre for successfully hosting the Public Investment Management Conference held in August at Makerere University. The conference attracted key policymakers, development partners, and academics who deliberated on how to enhance the efficiency, sustainability, and impact of public investments in Uganda.
She further shared exciting news that the Government of Uganda has secured funding from the World Bank to support the public investment management function. The PIM Centre, she announced, will be among the key beneficiaries of these funds — receiving support for the construction and acquisition of a permanent home to enhance its institutional sustainability and training capacity.
Reviewing the Centre’s quarterly performance, Ms. Basiima congratulated the team for successfully conducting three specialized trainings in the first quarter, reaching officials from various Ministries, Departments, and Agencies. These trainings continue to strengthen the technical competencies required for effective project preparation, appraisal, and implementation in line with Uganda’s National Development Plan.
The PIM Steering Committee in a meeting held at Emin Pasha Hotel
She encouraged the Centre to integrate climate change considerations into its future training programmes, noting that sustainable public investment must now account for environmental resilience and climate adaptation.
The centre team presented the proposed structure/ organogram, the financial performance of 2024/2025, research areas for 2025/2026 and the strategic plan for 2025 – 2030.
The Steering Committee reaffirmed its commitment to supporting the PIM Centre’s vision of becoming a regional leader in building capacity for efficient, transparent, and sustainable public investment management.
In a closing address at the COBAMS Annual Doctoral Colloquium, Prof. Julius Kikooma, Director of the Directorate of Graduate Training (DGT) at Makerere University, urged PhD students to view their research as a vital tool in solving Uganda’s and Africa’s most pressing societal problems.
He reminded students and faculty that doctoral training at Makerere is no longer just an academic exercise, but a strategic national investment.
“PhD is not just about writing a thesis—it is about writing the future of our country, our continent, and indeed our planet,” Prof. Kikooma told participants. “Your research must be part of the solution to the challenges we face as a society.”
Prof. Kikooma began his remarks by reflecting warmly on his longstanding ties with COBAMS, describing it as “home” both professionally and collegially. He praised the college leadership for their foresight in organizing the doctoral colloquium and aligning it with the broader vision of the Directorate of Graduate Training and Makerere University.
He also noted the synergy between the colloquium’s theme and the Directorate’s recent graduate student induction theme which focused on “Positioning Graduate Training in National and Global Trends.” He said that this alignment reflects a growing institutional commitment to making graduate education more responsive to real-world challenges.
Prof. Kikooma emphasized the critical role that doctoral students play in shaping Uganda’s development trajectory.
Prof. Kikooma emphasized the critical role that doctoral students play in shaping Uganda’s development trajectory.
“While the decision to pursue a PhD is personal, the outcomes of your research must not be. They must become part of our national assets,” he stated.
He encouraged students to look beyond the traditional confines of academia and to consider how their work can inform policy, address community needs, and contribute to sustainable development. In particular, he highlighted urgent national issues such as food insecurity, climate-related disasters, youth unemployment, and underutilized demographic dividends.
“We live in a country where a single flood can disrupt the entire economy. We have fertile soils but continue to face food insecurity. We are a youthful country, but we fear the youth because we lack solutions to productively engage them,” Prof. Kikooma said. “These are problems your research should address.”
Prof. Kikooma also used the platform to announce several ongoing reforms at Makerere aimed at improving the doctoral training experience. These include the introduction of an almanac—a structured academic guide outlining semester-by-semester expectations and milestones for PhD candidates.
He said the reforms were not designed to make the PhD journey easier, but to eliminate unnecessary administrative obstacles and ensure students can complete their programs within the planned three-year period.
“The university is ready for you. We are committed to ensuring that your journey is as smooth administratively as possible,” he affirmed. “But for that to happen, you must play your part.”
Prof. Kikooma presents a certificate to one of the participants.
Additionally, the Directorate has introduced mandatory credit-based activities beyond thesis writing, such as producing policy briefs and participating in public engagement forums, aimed at equipping students with practical communication and policy translation skills.
Prof. Kikooma proudly noted that Makerere University remains Uganda’s—and the region’s—leading institution in doctoral training. He reaffirmed the university’s commitment to becoming a “trainer of trainers”, emphasizing that no other local institution currently matches Makerere’s capacity in handling doctoral studies.
He called for greater collaboration between students, academic units, and the Directorate, describing DGT as an administrative coordinator that works to support frontline colleges like COBAMS in delivering quality doctoral education.
“We are not just about policy. We are your partners in this journey,” he emphasized. “And together, we can make your research work not just for your academic growth, but for the greater good of the country.”
In his remarks, Associate Professor James Wokadala, Deputy Principal of COBAMS, emphasized the significance of the colloquium, calling it a “timely catalyst” in the academic calendar. He applauded the leadership of the Doctoral School, the Directorate of Graduate Training (DGT), and the organizing team for mainstreaming graduate research into the college’s strategy.
“This initiative aligns perfectly with the university’s focus on graduate training and knowledge regeneration. As a college, we are strategically investing in platforms that enable researchers to contribute meaningfully to academia and society,” Prof. Wokadala said. Drawing from his own PhD journey, he encouraged students to remain resilient and proactive, reminding them that while facilitators provide the spark, “over 90% of the work must be done by the student.”
Prof. Wokadala also paid tribute to Dr. Kasim Sendawula, who was recognized for his voluntary coordination of doctoral activities at both school and college levels. “Dr. Sendawula is a true academic servant — committed, approachable, and selfless. We are grateful for his contribution,” he said.
Prof. Godfrey Akileng, Dean of the School of Business at COBAMS, echoed similar sentiments, applauding the organizing committee and student scholars for their enthusiasm and sacrifice throughout the three-day session. He offered special appreciation to students who, despite personal commitments or distances, showed up without fail. “Some of you paused political campaigns just to be present here. That’s how much this matters,” he noted.
Prof. Akileng formally introduced his graduate coordination team, including Dr. Caroline Twanjire, a recent PhD graduate from Hanyang University in Korea, who will now assist at the school level. He also announced changes in the Master’s coordination team and used the moment to advocate for institutional recognition of voluntary academic roles such as program cordinators. “Mainstreaming these roles in the university structure would enhance efficiency and further strengthen the graduate training ecosystem,” he emphasized.
To the PhD students, Prof. Akileng reaffirmed his commitment. “We are here to serve you. If something is delaying your progress, walk into any school — we are one college, one academic family.”
Dr. Kasim Sendawula, Coordinator of PhD Students at COBAMS, offered a structured evaluation of the colloquium under the theme “Interrogating Knowledge Frontiers: Doctoral Research as a Catalyst for Theory and Practice.” He noted that the program had successfully covered the doctoral journey — from research conceptualization to manuscript development for publication.
“We used a participatory approach that allowed rich engagement with experienced supervisors and presenters. The feedback from students confirms that the structure, content, and delivery were impactful,” Dr. Sendawula stated.
He highlighted key areas appreciated by participants, such as the quality of presenters, sessions on data collection and writing, and the interactive format. Suggestions for improvement included more days, clearer participant evaluation mechanisms, and additional data analysis sessions, which the organizing team committed to explore in future planning.
“This programme has been a success because of your active engagement. Let’s keep the momentum, and we promise to offer you more tailored academic support going forward,” Dr. Sendawula concluded.
Adding the voice of the doctoral students, Ms. Sylvia Namujuzi, Vice President of then newly formed COBAMS PhD Forum, expressed heartfelt appreciation to the university leadership, facilitators, and organizing committee on behalf of the PhD student body. She described the colloquium as “a rigorous but transformative space of learning, reflection, and growth.”
“This gathering has empowered us with insights not just to enhance our academic work, but also to transform our institutions and contribute to society,” she said.
Ms. Namujuzi extended executive committee’s’ gratitude to Professor Edward Bbaale, Principal of COBAMS, for championing the creation of the COBAMS PhD Forum — a unifying platform for scholars across the three schools to collaborate and support each other. She also acknowledged the Dean of the School of Business, Prof. Akileng, for opening the colloquium to the entire college, recognizing the growing need for cross-disciplinary dialogue among PhD scholars.
She thanked the facilitators, both present and in absentia, for generously sharing knowledge, and credited the organizing committee for their tireless work behind the scenes. Special appreciation went to her fellow student leaders, including Mr. Okelo George (President), Mr. Emmanuel Othieno (Finance), and others managing secretarial, coordination, and publicity roles across schools.
Student representative Mr. Vanecious Bbale Kirwana delivered a heartfelt message of appreciation on behalf of the PhD cohort, capping off three transformative days of intellectual engagement, mentorship, and peer collaboration.
Thanking the university and college leadership for both creating and actively supporting the forum, Mr. Kirwana emphasized the importance of in-person interaction, noting how the physical gathering fostered academic bonding and peer support among doctoral students.
Commending the emergence of organic student-led initiatives — such as a newly formed data analysis platform — Mr. Kirwana encouraged further informal groupings and knowledge-sharing spaces among students, building on the momentum of the colloquium.
“Let’s continue to create more spaces for learning among ourselves. That, in itself, is one of the greatest outcomes of this gathering,” he concluded.