Business & Management
Environmental Economists want a “Green Fund” Established
Environmental Economists from Makerere University and stakeholders in environment and natural resources sectors have expressed the need for Uganda to establish a Green Fund to finance green initiatives.
The dons have also proposed and re-echoed known initiatives that require mind-set change and government commitment to infrastructural developments that can reduce environmental pollution.
Environmentalists also want part of the Green Fund to come from greatest polluters in the country and the developed countries relative to the damage caused.
In addition, they want the African voice heard in the global discussion towards mitigation, commitment and transitioning to low carbon economies.
The call was made during the policy dialogue organised by the Environment for Development Initiative (EfD-Mak Centre) at the Kampala Sheraton Hotel as one of the mainstream activities. The dialogue held on December 20, 2023 brought together members of the academia, representatives of private sector, government ministries, departments and agencies, CSOs, manufacturers, and commercial banks on the theme, “Green Financing in Uganda: From Paper to Practice”.
The main aim of the workshop was to engage with the government to have a healthy debate how to finance green transitions and greening starting from the household level. The key message was that there is need to transit, but the transition is not cheap, it is expensive and requires deliberate effort.
While opening the workshop, the Principal, College of Business and Management Sciences Assoc. Prof. Eria Hisali said the engagement was hinged on twin objectives of attaining low carbon outcomes and high growth outcomes which are environmentally friendly.
As researchers and policy makers, Prof. Hisali interested participants to discuss and understand the current growth landscape, where growth is coming from, and main activities that drive growth and livelihoods.
Within that landscape, the professor advised participants to address the main concerns with regard to sustainability, the environmental concerns with regard to the current sources of growth and the status quo.
Hisali also told participants to pose a question of the disruptive effects that come along with the transitions to low carbon sources of growth; and closely related, the best options to make the transitions and finally, how the green financing strategies can be made attractive for the different actors to take them on.
Outside the green financing alone, Prof. Hisali challenged participants to debate on other options that policy makers can consider to enable the transition to low carbon sources of growth to start taking place.
The Professor also guided participants to have discussions on the framework for enforcement and auditing of the transition process itself, asking, what is it that they can do to ensure that they are tracking the progress made and whatever has been agreed upon at policy level, and ensure it is enforceable and that there are institutions and agencies to enforce that.
“The other issues we should be discussing is that what is our voice as Uganda and as the developing world in these discussions towards a low carbon economy. Do we have the voice as anyone else? Or is it that for us we should be making the transition while others are not, where is the equaliser. Are we in future for example going to talk about green imports or it is about us only ensuring that we go green and possibly some powerful nations look on and go to the extent of lip service”. Hisali asked.
In an interview, Prof. Hisali said, the discussion of the African voice in mitigation carbon emissions has picked traction at the global- level questioning whether all countries of the world have the same voice and commitment to addressing matters of environmental sustainability.
“This discussion is important because the transition to low carbon economies come with certain disruptions the way things are done and those disruptions are a cost. They disrupt livelihoods, slow growth and the only way we can be committed to that transition, is when we are sure that it is not only us but that everyone else has the same commitment. We all belong to the planet and we should have the same level of commitment,” Hisali stressed.
The Director EfD-Mak Centre Prof. Edward Bbaale noted that although there are more than one SDGs focused on the environment and green financing, many countries are not living up to the set aspiration of the SDG. Bbaale is also the Director, Directorate of Research and Graduate Training at Makerere University.
As a university, Prof. Bbaale said, they must undertake research and establish to what extent the country has achieved green energy transitions and inform government where the country is, and what should be done. Through research Bbaale said the university has done a lot to come up with innovations as solutions to the green transitions such as solar energy solutions and others.
Bbaale reported that the EfD-Mak Centre is focusing on environment and natural resources, on how to harness and manage the environment for sustainable development, satisfying the needs of the present generation without compromising the needs and the benefits of the future generation.
As the Environment for Development initiative, Bbaale said, the topic of green financing is based on the fact that the environment has been the most affected resources through deforestation, reclaiming of wetlands, and most of these have come partly through agriculture where forests have been cut unsustainably and for infrastructural developments.
Bbaale warned that most of these developments have taken place without minding about the environment adding that unlike human beings who forgive and forget, nature does not.
“Nature does not forgive and nature does not forget. Actually, at one-time nature will hit back badly. You have seen in Kampala during this season, in the last three months, floods swallowing up people, our fellow human beings dying, cars being swallowed up in a place where you least expect that you are going to meet your death.
We have seen that one being caused by the environment hitting back. Maybe because that very area was a wetland, but during the construction of the house or the building or the road, this was not catered for.” The Director decried.
It is time to protect the environment through mindset change, best practices and investment in green initiatives
Prof. Edward bbaale
Prof. Bbaale stressed that it is now time to talk about protecting the environment against greenhouse gases and, one sure way, apart from mindset change and preaching to the population on the best ways of life, one other way, is through investment.
He observed that almost 85% of Uganda’s households depend on biomass for cooking, mainly firewood and charcoal. He said, it is dangerous and leads to deforestation, pollution and respiratory diseases. The alternatives he said, can come through, for example, using LPG and electricity which are very expensive and require subsidies to make sure that an average household can afford consistently.
Bbaale called for mindset change among the citizenry and re-orientation of the country’s infrastructure to allow citizens ride bicycles to short distance workplaces to reduce on use of vehicles and pollution.
“You do not need to board a vehicle if you are coming from 1.5 kilometers away. A bicycle can do that, even 20 kilometers away. But now we need to establish the infrastructure for that. Have lanes that are for bicycles alone. And when you’re riding your bicycle, you are very safe. You will not meet your death because of riding a bicycle.
I’ve interacted with the professors elsewhere in the developed world, and the head of the university, the president of the university rides a bicycle to work. But these people are safe. So the question is, are you safe when you ride a bicycle to go to your place of work? But now, for us to re-orient, we require financing. And also how would you ensure that most of us will be riding electric motorcycles which don’t emit any gases?”. Bbaale said.
The don also welcomed the move to the manufacture and use of electric vehicles.
“Okay, how can we, all of us, ensure that we shall at one time be driving electric cars which require that they are charged to make sure that you have enough current that will take you to Mbarara. This means that as you drive to Mbarara, somewhere, there must be a point where you go and refill your current as you drive an electric car.
But now, government investment requires that the planning, programming and the budgetary processes are in view or in perspective of the need to finance these green investments.”, He added
The Director explained that some of the issues might require doing adaptation, and so need adaptation finance while some of the issues would require to finance the disaster, because,for example, the floods bring disasters, landslides and all of these. And so it requires that there is a fund for disasters that happen because people suffer through climate shocks.
Part of the Green Fund should come from the greatest polluters in the country and the Developed countries
prof. edward bbaale
Prof. Bbaale also noted that Neither Uganda as a country, nor Africa as a continent of Africa, is not solely responsible for climate issues faced.
“…Because our colleagues in the north that are already developed, America, Europe and all that, during the industrial revolution released a lot of greenhouse gases into the environment. And that’s why actually negotiations are going on that the developed countries that actually polluted the environment in the first place should pay.
So, part of the fund that I’m talking about should come from the developed countries. Part of the fund should come from China, Europe and, part of the fund must come from the United States”, Bbaale asserted.
Bbaale added that greatest polluters in the country must pay correctly for what they have damaged.
“We must map and know globally who are the greatest contributors to the climate fund. The same applies to Uganda. We have had the debates. Who are the greatest polluters? If you are running an industry and you are releasing waste products into Lake Victoria, you must pay so that government can use the money you have paid to correct what you have damaged.
…even if you were just releasing, because of your industrial activity greenhouse gases into the atmosphere, government should be in a position to compute the extent of damage you are causing and therefore you, the private investor, be able to pay for that. And so, government requires to finance activities that constitute green transitions”, Bbaale advised.
He said transiting into a green environment has two phases. Number one, is mindset change that is, what we do as human beings, and it also has to do with the real costs which is not cheap.
EfD-Mak Policy Engagement Specialist for Inclusive Green Economy (IGE) Program Dr. Peter Babyenda said, as a country, continent and globe, there is a lot on paper, but practice is lacking.
Babyenda expressed the need to involve everybody starting from the public, the academia, media, manufacturers and commercial banks among others.
“We have realized that whenever we are coming up with these policies, more so, to do with banking, the commercial banks which deal with the person are not part of the negotiations yet there is no local person who goes directly to the central bank. So we need to involve banks right away from planning to implementation”, He said.
Babyenda also said, there is need to invest in mindset change and be able to raise funds locally as a country.
“We cannot plan for green financing where 80% of the budget is from the donors So, we need to mobilise the funds locally through contributions from emitting manufacturers, people in Agriculture and fossil fuels,” He said
Babyenda also said there is need to define the products clearly starting where the green financing will go for instance investments in tree planting, subsidizing environmentally friendly technologies including the cooking among others.
Jane Anyango is the Communication Officer EfD Uganda
Makerere University Environment for Development Initiative (EfD- Mak Centre) has graduated five senior government officials under the 2025 Inclusive Green Economy (IGE) Fellowship Programme, equipping them with advanced knowledge and skills to champion climate-smart agriculture (CSA) and sustainable development in Uganda.
The fellows graduated during a ceremony held on Thursday June 25, 2026 at the Makerere University Agricultural Research Institute, Kabanyolo (MUARIK), where university leaders, government representatives, development partners, researchers and policymakers gathered to celebrate the completion of the year-long training programme.
The graduates included Eng. Thomas Epeet from the Ministry of Agriculture, Animal Industry and Fisheries; Ms. Getrude Basiima, a Commissioner in the Ministry of Finance, Planning and Economic Development; Mr. Nicholas Magara from the Ministry of Water and Environment; Ms. Irene Kemigisha from the Ministry of Lands, Housing and Urban Development; and Mr. Boaz Tumusiime Mboijana from the Ministry of Tourism, Wildlife and Antiquities.
Representing the Vice Chancellor, Professor Robert Wamala congratulated the fellows for successfully completing what he described as a rigorous and impactful programme that lasted one year.
“Today’s graduation is more than a celebration of academic achievement. It is a testament to our collective commitment to building the knowledge, skills and partnerships required to address one of the defining challenges of our time — climate change and its effects on agriculture, livelihoods and sustainable development,” Wamala said.
He noted that the 2025 cohort undertook training under the theme, “Accelerating the Adoption of Climate-Smart Agriculture,” which aligns closely with Makerere University‘s research agenda on agricultural transformation, food security and livelihoods.
According to Wamala, climate variability and environmental degradation continue to threaten agricultural production, food security and rural livelihoods, making the need for innovative, evidence-based and scalable solutions increasingly urgent.
Through the fellowship, participants gained practical exposure to climate-smart irrigation technologies, resilient farming systems, soil and water conservation practices, and other innovations aimed at strengthening agricultural productivity and resilience.
“The experiences have equipped our fellows not only with technical competencies but also with the capacity to translate knowledge into practical solutions for communities and institutions,” he said.
The programme is implemented by the Environment for Development (EfD) Initiative through the EfD-Makerere Centre and is funded by the Swedish International Development Cooperation Agency (Sida). It seeks to strengthen evidence-based policymaking by bridging the gap between research and policy while promoting the use of economic policy instruments to support a just green transition.
Speaking at the ceremony, Professor Edward Bbaale, Director of the EfD-Makerere Centre and Principal of the College of Business and Management Sciences(CoBAMS), said the fellowship targets senior civil servants and policymakers from Eastern Africa to strengthen their capacity to formulate and implement green economy policies.
“The goal is to promote the use of economic policy instruments to achieve a just green transition. The programme bridges gaps between research and policy and between researchers and policymakers to strengthen evidence-based decision-making,” Bbaale said.
Since its inception, the programme has trained 30 senior policymakers drawn from ministries, departments and agencies across the region.
Bbaale said, one of the programme’s unique features is its regional approach, which enables fellows from Uganda, Kenya, Rwanda, Ethiopia, Tanzania and South Africa to share experiences and learn from one another’s policy interventions.
“We are able to learn from what other governments are doing in these Eastern African countries, compare with our policy environment and identify solutions that can work back home,” he said.
The 2025 cohort focused on accelerating climate-smart agriculture adoption, a priority area as governments seek to mitigate the impacts of climate change on food production and rural livelihoods.
Bbaale announced that the next cohort, to be recruited later this year, will focus on forestry and water management. The programme intends to recruit five additional senior government officials from institutions including the Ministry of Water and Environment, the National Environment Management Authority (NEMA), the National Planning Authority (NPA), and the Ministry of Finance.
Host institution MUARIK also used the occasion to highlight its contribution to agricultural research and innovation.
Welcoming guests to the institute, MUARIK Director Dr. Peter Ebanyat described the facility as a leading centre for agricultural research, training and innovation whose history dates back to 1953.
He noted that the institute has played a significant role in developing agricultural technologies that have had national impact, including the development of soybean varieties grown across Uganda.
“Our vision is to be a thought leader in sustainable agricultural and environmental innovations. Our mission is to generate and disseminate knowledge, innovations and technologies through research, training and community engagement for improved agricultural productivity, environmental sustainability and rural livelihoods,” Ebanyat said.
He said hosting the graduation was particularly significant because MUARIK serves as a living laboratory where researchers, students, policymakers and development practitioners interact to generate solutions to challenges facing the agricultural sector.
The graduation ceremony underscored the growing importance of partnerships among universities, governments and development agencies in addressing climate change, promoting food security and advancing inclusive green growth across Uganda and the wider East African region.
As the fellows return to their respective institutions, university leaders challenged them to become ambassadors of climate-smart agriculture and champions of sustainable development, using the knowledge acquired through the programme to influence policies, strengthen resilience and improve livelihoods in their sectors.
The Inclusive Green Economy Fellowship Programme will continue until 2027 under Sida funding, with Makerere University remaining one of the key regional centres driving research, policy engagement and capacity building for sustainable development.
Graduating Fellows Call for Stronger Climate-Smart Agriculture Policies
Senior government officials who completed Makerere University‘s IGE Fellowship Programme called for stronger policy interventions, increased investment and wider public awareness to accelerate the adoption of climate-smart agriculture in Uganda.
The senior civil servants highlighted climate change as a growing threat to agriculture, food security and rural livelihoods.
Speaking on the sidelines of the graduation ceremony, Makerere University‘s Policy Engagement Specialist and coordinator of the programme, Dr. Peter Babyenda, said the 2025 cohort focused on developing policy instruments that can accelerate the adoption of climate-smart agricultural practices across the country.
“This cohort has been looking at accelerating the adoption of climate-smart agriculture because agriculture remains the backbone of Uganda’s economy and one of the sectors most affected by climate change,” Babyenda said.
He explained that the year-long fellowship trains senior civil servants and policymakers to design economic and policy incentives that promote environmentally sustainable development.
According to Babyenda, previous cohorts focused on issues such as clean cooking energy, biomass reduction and electric mobility, while the latest group examined how government can encourage farmers to adopt climate-smart technologies such as solar-powered irrigation systems and sustainable farming practices.
“We have trained them on how to design policy packages and interventions that encourage adoption of climate-smart agriculture and improve resilience among farming communities,” he said.
The graduation brought the number of fellows trained under the Sida-funded programme to 30 since its inception. The initiative is implemented by Makerere University‘s Environment for Development (EfD) Centre in partnership with the University of Gothenburg in Sweden.
Babyenda revealed that the next cohort, expected to be recruited later this year, will focus on forestry and water management as part of efforts to reduce emissions and strengthen climate resilience.
He also disclosed that Makerere University is considering upgrading the fellowship into an academic programme offering diploma and master’s qualifications in green economy studies.
“We are already developing a curriculum. The idea is to transform this capacity-building programme into an academic award programme that could eventually offer both diploma and master’s degrees in green economy,” he said.
Representing the graduating fellows, Engineer Thomas Epeet from the Ministry of Agriculture, Animal Industry and Fisheries said climate-smart agriculture is critical to safeguarding Uganda’s agricultural sector against the effects of climate variability.
“Agriculture contributes significantly to employment, rural livelihoods and the country’s GDP. However, prolonged droughts and erratic rainfall patterns are threatening production, making climate-smart agriculture more important than ever,” Epeet said.
The fellows identified weak extension services, limited awareness, counterfeit agricultural inputs and inadequate access to modern technologies as some of the major barriers to the adoption of climate-smart agriculture.
Epeet said the cohort’s research found that women farmers face particular challenges, including limited access to land ownership and agricultural resources, which affects their ability to adopt climate-smart practices.
He called for stronger involvement of the private sector in supplying quality agricultural technologies and inputs needed to support sustainable farming.
“The private sector has a critical role in providing irrigation equipment, improved seeds and other technologies that farmers need. Without a strong private sector, government interventions alone may not achieve the desired impact,” he said.
Nicholas Magara, Acting Assistant Commissioner in the Ministry of Water and Environment, said the training had equipped him with practical knowledge on how economic incentives can be used to address climate-related challenges.
He noted that environmental degradation, including forest and wetland destruction, continues to affect rainfall patterns and agricultural productivity.
“As policymakers, we must encourage farmers not to depend solely on natural weather patterns. Technologies such as irrigation, mulching and minimum tillage are becoming increasingly important in ensuring year-round production,” Magara said.
He recommended expanding the programme to accommodate more participants and upgrading it from a certificate programme to a diploma-level qualification.
“The content is extensive and highly professional. It deserves a higher academic recognition,” he added.
Irene Kemigisha, an economist from the Ministry of Lands, Housing and Urban Development, emphasized the need to strengthen land tenure security, particularly for women, to improve access to credit and increase investment in climate-smart agriculture.
She said many women are unable to access agricultural financing because they lack land ownership documents that financial institutions require as collateral.
“We need to ensure that women have secure land rights and access to affordable agricultural credit if we are serious about increasing adoption of climate-smart agriculture,” Kemigisha said.
She also called for stronger agricultural extension services and improved market access for farmers to ensure that increased productivity translates into higher incomes.
Meanwhile, Boaz Tumusiime from the Ministry of Tourism, Wildlife and Antiquities said the programme had highlighted the strong links between climate change, agriculture and tourism.
He said participants discovered that many climate-smart solutions already exist, but limited dissemination of information continues to slow adoption.
“Our transformative initiative focused on improving access to information and climate-smart solutions because the biggest challenge is often the gap between researchers, policymakers and the public,” Tumusiime said.
He praised the programme’s regional approach, which allows participants from Uganda, Kenya, Rwanda, Tanzania and Ethiopia to share experiences and learn from successful policies implemented across East Africa.
The fellows urged government, development partners and academic institutions to expand climate-smart agriculture training beyond senior civil servants to include private sector actors and grassroots agricultural practitioners.
They argued that broader participation would help accelerate the adoption of sustainable farming practices needed to strengthen food security, improve rural livelihoods and support Uganda’s climate adaptation efforts.
Panelists Call for Climate-Smart Agriculture Integration
The graduation ceremony was also marked by a roundtable discussion moderated by Prof. Edward Bbaale.and focused on how Uganda can integrate climate-smart agriculture into its national development agenda. The dialogue brought together leading academics, policymakers and development practitioners to explore strategies for sustainable agricultural transformation.
Key discussants included Prof. Robert Wamala, Director of Research, Innovations and Partnerships at Makerere University; Michael Ahimbisibwe from the National Planning Authority (NPA), representing Dr. Ronald Kaggwa; Victor Olejje from SunCulture Uganda; Wilson Asiimwe from the Ministry of Finance, Planning and Economic Development, representing Dr. Sam Koojo; and Robert Turyakira from AGHNET.
The discussions highlighted Makerere University‘s commitment to research translation and intellectual property protection, the National Planning Authority’s emphasis on climate-smart agriculture as a key driver of economic growth, and the Ministry of Finance’s focus on integrated financing and market alignment. The panel also underscored the importance of ensuring that climate-smart interventions are properly costed, financed and implemented.
Responding to a question on how Makerere University is strengthening the translation of research into climate-smart solutions, Prof. Robert Wamala, Director of Research, Innovations and Partnerships at Makerere University, explained that the institution coordinates research across its nine colleges under strategic themes, including agricultural transformation. He noted that Makerere has established an Innovation and Technology Support Centre to help researchers protect intellectual property, build industry partnerships, and commercialize innovations.
“We are developing a Research Impact Framework so that every project considers its long-term effect on policy and community livelihoods right from the design stage,” Prof. Wamala said.
He added, “An idea is not truly yours until it is protected,” emphasizing the importance of patents and copyrights in transforming research into sustainable livelihoods.
Addressing the role of climate-smart agriculture in advancing Uganda’s Tenfold Growth Strategy, Michael Ahimbisibwe, representing the National Planning Authority, emphasized that climate-smart agriculture is central to both the strategy and Uganda’s Vision 2040. He outlined its contribution to ensuring sustainable raw material supplies, building resilience to climate change, enhancing export competitiveness, supporting inclusive livelihoods and unlocking access to green financing.
“By embedding these approaches, agriculture becomes the backbone of our growth strategy,” Ahimbisibwe said, pointing to drought-tolerant crop varieties, water harvesting technologies, and compliance with international trade standards as critical interventions.
Responding to a question on how public investment and financing mechanisms can support climate-smart agriculture, Wilson Asiimwe from the Ministry of Finance argued that climate-smart agriculture must be approached holistically, with policies integrated across sectors. He explained that government investments, such as valley dams for livestock production, should be aligned with existing development programmes, while additional financing can be mobilized through carbon credit schemes, climate funds, and international grants.
“Productivity must be matched with markets; otherwise, we risk food mountains with no buyers,” Asiimwe cautioned.
He further noted that emerging export regulations, such as the European Union’s deforestation requirements, make climate-smart agricultural practices essential not only for environmental sustainability but also for maintaining trade competitiveness.
Explaining how planning processes ensure that interventions are properly costed and implemented, Ahimbisibwe further noted that planning serves as the bridge between policy and financing. Under Uganda’s National Development Plan IV, the government employs a programme-based approach, with agro-industrialization identified as a key programme. Each programme includes costed interventions that are monitored annually through compliance assessment mechanisms.
“This way, climate-smart agriculture is not just a policy idea but a funded and monitored reality,” he said, stressing that planning ensures government allocations, releases, and expenditures remain aligned with national development priorities.
The panel underscored a shared vision in which Makerere University drives research translation and intellectual property protection, the National Planning Authority positions climate-smart agriculture as a pillar of economic growth, the Ministry of Finance ensures integrated financing and market alignment, and planning frameworks guarantee effective implementation of costed interventions. Together, these efforts aim to embed climate-smart agriculture at the heart of Uganda’s long-term development strategy.
Compiled and written by Jane Anyango, Communication Officer
Photo Credits: Peninah Nalubega
(Fourth-Year Journalism and Communication Student)
Business & Management
PIM Centre of Excellence, Ministry of Finance Launch 4th Cohort Training on Certificate of Financial Implications
Makerere University‘s Public Investment Management (PIM) Centre of Excellence, in partnership with the Ministry of Finance, Planning and Economic Development (MoFPED), has commenced the fourth cohort of the Capacity Enhancement and Hands-on Training on the Guidelines for Financial Clearance and the Certificate of Financial Implications (CFI) – Integrated Regulatory Cost-Benefit Analysis.
The two-week training, held in Jinja, brings together economists, policy analysts, and technical officers from Ministries, Departments and Agencies (MDAs) to strengthen their capacity in conducting financial and economic assessments of government policies and legislation.
Speaking at the opening ceremony, Assistant Commissioner Mohammed Kabaale, who represented the Permanent Secretary and Secretary to the Treasury (PSST) emphasized the critical role of the Certificate of Financial Implications in promoting sound fiscal governance and evidence-based policymaking.
“The Certificate of Financial Implications is not merely a procedural requirement. It is a critical safeguard within our public finance management framework,” Mr. Kabaale noted. “It ensures that all policy and legislative proposals submitted to Cabinet or Parliament are fiscally sustainable, consistent with Government’s macroeconomic objectives, and aligned with our national development priorities.”
Mr Kabaale explained that the revised Guidelines for Financial Clearance, which became effective at the start of the current financial year, provide a strengthened institutional and analytical framework for assessing policy proposals. The guidelines require Regulatory Impact Assessments, Statements of Financial Implications from respective MDAs, evidence of stakeholder consultations, and Integrated Regulatory Cost-Benefit Analysis conducted by the Ministry of Finance.
According to the PSST, these requirements are intended to strengthen inter-agency coordination, improve the quality of the financial clearance process, and ensure that public resources are allocated in a manner that delivers maximum value for money to citizens.
The training is being delivered in partnership with Makerere University‘s Public Investment Management Centre of Excellence, established in 2023 to build national capacity in public investment management and policy analysis.
Representing Makerere University, the Dean of the School of Economics, Prof. Ibrahim Mike Okumu, commended the Ministry of Finance for its foresight in establishing the PIM Centre of Excellence and investing in capacity development for public servants.
“Uganda faces a triple challenge of scale, scarcity and speed,” Prof. Okumu said. “As our population grows, financing becomes more constrained, and citizens demand faster service delivery, every shilling must deliver greater value. Cost-Benefit Analysis and Financial Implications assessments help government make decisions that are beneficial, affordable and resilient under real fiscal constraints.”
Prof. Okumu noted that while Cost-Benefit Analysis helps determine whether a policy or project is worthwhile, integrating Financial Implications assessments ensures that proposed interventions are fiscally sustainable and implementable.
He challenged participants to apply the skills acquired during the training at project, portfolio and policy levels by improving project selection, prioritizing investments that generate the highest economic returns, and institutionalizing evidence-based decision-making across government.
“Analysis must translate into transformation,” he said. “The ultimate measure of success will be the decisions that change because of your work, the value you unlock for Uganda, and the lives that are transformed because you asked the right questions.”
The Dean further observed that integrated financial and economic analysis is increasingly important globally as countries seek to mobilize resources for climate action, digital transformation and sustainable development. He described the participants as part of a growing community of professionals capable of strengthening investor confidence and enhancing public trust through credible policy analysis.
Both speakers underscored the importance of professional integrity, continuous learning and institutional collaboration in advancing Uganda’s public finance reform agenda.
The PSST encouraged participants to engage actively throughout the training and to champion the implementation of the revised guidelines within their respective institutions. The Ministry, he added, will continue investing in systems automation, capacity development and stakeholder engagement to strengthen evidence-based financial clearance processes across government.
The training marks another milestone in the partnership between Makerere University and the Ministry of Finance aimed at building a critical mass of public sector professionals equipped to support fiscally responsible, socially inclusive and economically sound policy decisions. The fourth cohort follows the successful completion of three earlier cohorts conducted during the current financial year and forms part of ongoing efforts to strengthen Uganda’s public investment management and policy formulation systems.
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