Business & Management
EfD-Mak Center Passes Evaluation for Re-Accreditation for the next 5 years
A panel of external evaluators from the EfD Global Hub at the University of Gothenburg, Sweden, has consented to recommend the re-accreditation of the EfD-Mak Center Uganda for another five years.
Edwin Muchapondwa from the South African EfD centre at the University of Cape town, Precious Zikhali from Nairobi Kenya and Ted Horbulyk from Canada were in Uganda on a three-day evaluation exercise on 23rd – 25th October 2023.
Every five years, the EfD Global hub evaluates its over 15 centres across the world on various parameters including institutional development, capacity building, research, policy engagement and outreach, performance and also on publication as a research output.
The EfD Uganda was established in Honai in 2018 and launched at Makerere University August 2019 funded by Sida.
The panel heard testimonies from the administrative staff, students the research fellows that work with the center, the university administrators, right from the Head of Department to the Dean, the College Principal and the Academic Registrar, and the Office of the Vice Chancellor as the Chief Executive of the university.
The trio visited government ministries, departments and agencies including the National Planning Authority, Ministry of Finance, Planning and Economic Development, the Ministry of Water and Environment, Wakiso district local government, and ACODE-a civil society organization to find out how collaborative engagements with the EfD-Mak center have shaped the policy environment and practice, as well as the plans and areas they felt the centre could serve better to make more impact.
In a closing meeting with the centre administrative staff and researchers, the Lead Evaluator Edwin Mchapondwa gave a glimpse of what the evaluation report will look like outlining some of the themes and pledged to produce the report within a month.
“But the headline is that the panel has agreed that we will make a recommendation that the center should be re-accredited for five more years. Okay, so with this, we have come to the end of the review process. So we thank the colleagues for tolerating all our hard questions, imposing on your time, not allowing you to attend some meetings you should have been attending. That way, it has been good for the center,” Mchapondwa announced.
Under the institutionalization, the team commended Makerere University for its plan to position the center between the two colleges as a good strategy for sustainability and encouraged the staff to maintain the team spirit and dedicate more time to serve the centre.
“With respect to engagement, I am very impressed with the people we spoke to as entry points into getting ongoing collaborations with people in government and civil society and local government and so on. I think the challenge I see is getting good traction with them” Canadian external evaluator Ted Horbulyk said.
The centre also scored highly in terms of its policy engagement with government ministries, departments and agencies, academia, civil society and local governments. The team advised on the need to formalise the collaborations to ensure they are institutionalised within the university.
“I see policy engagement as a great platform, which a lot of work has really been done, that there is a lot of dedication, I think everybody that we spoke to said they are very engaged, I think that presents a very great opportunity. But of course I think that there is also more that can still be done, just to build on the foundation that has been made. I’m really happy about the potential that you have and the links that you’ve established”, the Kenyan external evaluator Precious Zikhali added.
The evaluators also commended the centre for capacity development initiatves for students, researchers and policy makers in a range of aspects in Environment and Natural Resources Economics but advised on the need to narrow down its focus on areas of field.
“…You are doing well with your programs. And we heard the numbers of typical enrollments. And you seem to be inspiring students right from the undergraduate level. I think that is the right way to go. And we also appreciated hearing about this collaborative program you have in particular, the Masters in Environmental and Resource Economics, which is supported by both colleges.
“What you are doing with the policy makers, particularly IGE, and soon RAMP is also quite good. We saw some evidence that there is some impact that is coming across from there.” The team leader, Edwin Mchapondwa stated.
With respect to publications and papers, the evaluators tasked the centre to submit all publications to justify that there is an active body of scholars at the centre who are doing work.
Evaluators further observed the need for the centre researchers tap into each other’s expertise and narrow the scope of the fields into something that is of high impact when it comes to policy engagement.
On the gender side the centre was also advised to continue to think about initiative to expand the meaningful participation of women, both within EfD Uganda and EfD Global collaboratives.
EfD Uganda has created a mark in the country through policy engagements and outreach.
The Director Edward Bbaale said entering the EfD network is a prestigious issue that has contributed to the internationalization agenda as Makerere drives towards the research-led university status.
The center, he reported, was given notice more than a year ago that it was due for evaluation, and requested to conduct a self-evaluation and ranking on a number of parameters for which it is charged to deliver .
Bbaale said, the center has been preparing a document of self-evaluation which involved appending evidence of MoUs, outcomes of the engagements, and caused policy changes in government.
“And we prepared ourselves to receive this evaluation team. And in the three days of evaluation, we have endured a lot of questions, which, to the best of our ability, we responded to very well”, He said
Bbaale described the evaluation exercise and conversations as enjoyable, and one that gave him pride as he observed people give testimonies about the impact that EfD-Mak has made over the years.
“And as a result, we have not been shy at all to interface with this team. Our heads have been high up, confident, and we tried as much as possible to respond to each of those parameters the way we are supposed to deliver”.
“And then the D-Day, and the awaited hour was at 4 o’clock today 25th October 2023 where the evaluation team chose to give highlights of what they have observed. They highlighted a a number of strengths and gaps to be worked on.”
“But finally, what made us very proud this afternoon is that the EfD evaluation team, all the three panelists agreed that the EfD-Mak Center is worthy to be accredited for the next five years, which was a great thing we celebrated and are still celebrating,” the Professor remarked.
Lessons from the evaluation and way forward
Bbaale appreciated evaluators for pointing out different perspectives and great opportunities to engage more with line ministries.
“We should always be in the corridors of the Ministry of Water and Environment to show case of what we are and what we can do, to let them know that in the EfD-Mak Center resides great expertise that can give answers to a number of questions that the government workers may not have answers to.
“We are going to write a profile about what we are as EfD-Mak, our research team, what we have done over the years, and tell the ministry that we are ready to offer solutions to some of the things they have been grappling with”. He pledged.
The other lesson, he said, is interesting students to like environment and natural resource economics right from undergraduate and graduate students that come as freshers and creating a pool of fellows to offer supervision as well as participating in the EfD Global Hub competition for the best dissertation.
On international collaborations, the Director clarified that the center belongs to the Forestry collaborative where center researchers Peter Babyenda and Patrick Byakagaba are having a forest project. Babyenda and a representative from the National Forestry Authority under the same collaborative will be travelling to Nepal under the same arrangement for a study on how the country has succeeded in the forestry policy. The center is active in SETI collaborative, that deals with energy and the very first center’s project was on electricity, which was done by Dr. Nicholas Kiliman followed by Dr. Aisha Nanyiti.
In addition to providing a write-up on each of those collaboratives that exist and encouraging people to always be part, Bbaale promised to submit a detailed list of publications from the research fellows.
On the question of gender and ensuring women full participation in the centre activities, Bbaale said Makerere University has been deliberate and intentional to balance gender and to protect women in general including against sexual harassment.
“With government addition of 1.5 points to women, its fruits have been seen after very many years. Now we graduate 52% female. We are yet to see the fruits translate into graduate programmes and when that happens, we shall be sure that we are in the position to have more women researchers in the center.” He said.
Audit process as a reflection for improvement while re-accreditation offered confidence
Delivering the vote of thanks, the Dean, School of Economics Dr. Ibrahim Okumu described auditing as a way that allows institutions to reflect for purposes of improvement.
Okumu was happy that the evaluators engaged with a number of stakeholders,
“And the outcome tells me that it’s been a really positive engagement. And of course, the last strong point that I got out of this was the positive feedback we got from the policy arena that we are positively contributing to their area of work.
“And of course, the greatest thing today was the fact that we have an additional five years of contributing to the development of environment, economics, within our space and within the global space. All the areas of strengthening would indeed come through as positive as you suggested.” The Dean noted.
Jane Anyango is the Communication Officer EfD Uganda
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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