Business & Management
Over 1,700 graduate from CoBAMS as best researchers & students are awarded
The College of Business and Management Sciences has today January 31, 2024, the 3rd day of the 74th graduation ceremony, graduated 1,704 students. At the same function, five of the college’s senior researchers received the Vice Chancellor’s Research Excellence Award 2023.
The researchers, Dr. Allen Kabagenyi, Dr. Peter Kisaakye, Assoc. Prof. Betty Kwagala, Dr. Francis Wasswa and Dr. Stephen Wandera, were recognized for having the highest number of publications, in the last 5 years, in the college. This year’s graduation saw 7 people graduate with PhDs, 214 with Masters, 4 with Post graduate diplomas and 1479 with undergraduate degrees from the College of Business and Management Sciences. Of these 900 are female while 803 are male representing 52.9% and 47.1% respectively.
During the course of the 74th graduation ceremony, a total of 12,913 graduands will receive degrees and diplomas of Makerere University. Of these, a total of 132 graduands will graduate with PhDs, 1585 with Masters degrees, 11,016 with Bachelor’s degrees, 156 with postgraduate diplomas, and 24 with undergraduate diplomas. 53% of the graduands are female and 47% are male. In the category of PhD graduands, 46 are female and 86 are male. In the category of students graduating with Master’s degrees, 699 are female and 886 are male.
While addressing the graduands, the Vice Chancellor, Prof. Barnabas Nawangwe, said the university’s goal is to graduate at least 200 PhDs per year in response to the World Bank’s call for at least 100,000 PhDs for Africa over the next 10 years, to pull the continent out of poverty.
He also congratulated the college upon the various milestones achieved in the last one year which include, drafting of the proposed Parish Development Model (PDM) implementation strategy. This, the College did, in partnership with the UNDP. The draft strategy is under review by the Office of the Prime Minister. The Strategy will go a long way in improving Parish Development Model (PDM) implementation.
The VC reechoed the Chief Justice’s call to the fresh graduates to go to the communities and sensitise people about the potential of the Parish Development Model to get them out of poverty if they invest the money provided by Government wisely.
“If this initiative fails, we will all have failed, and I encourage everybody to keep politics out of this initiative. We have more than 200,000 students in all universities in Uganda and only 60,800 parishes. Theoretically there are three students for each parish. If we all, Government and universities think out of the box, we can go to every parish and make the difference that is so badly needed,” Prof. Nawangwe said.
The VC congratulated the college upon holding the first entrepreneurship congress which brought which gave students an opportunity to network and learn from practitioners, entrepreneurs and financial institutions among others.
He noted that the School of Economics entered a new partnership with Oxford University and jointly hosted the 2023 workshop on Economic Development in Africa, while the School of Statistics and Planning also co-hosted an international conference on “Ageing and Health of Older Persons in Sub-Saharan Africa’ in February 2023.
Celebrating Top Students
The Vice Chancellor recognized the top performing students in the college, who are to be awarded by different partner organizations.
Lwamasaka Prosper, who is graduating with a Bachelor of Commerce and a CGPA of 4.62 will be awarded by ACCA for his outstanding performance.
Mr. Jude Sebuliba, graduating with a Masters of Economics, will receive the Economic Policy Research Center Young Professionals Program 2024, from EPRC.
Five (5) students of Bachelor of Actuarial Sciences will be awarded by Prudential Assurance Uganda Limited. The awardees will receive one-year apprenticeship at Prudential, USD 500 each and sponsorship for professional Actuarial Certification.
The students are: Muhumuza Mark with a CGPA of 4.44, Kobugabe Michelle Audrey with a CGPA of 4.22, Uwera Ruth Michelle with a CGPA of 4.20, Bunjo Stephen Hugh with a CGPA of 4.18 and Namuddu Anneliz with a CGPA of 4.18. I congratulate all the students upon this great achievement.
Makerere University Transcripts and Certificates
In the past two years, Makerere University has come up with measures aimed at making the issuance of academic transcripts and certificates very fast and convenient by shortening the clearance process. In November 2022 the university organized the Public Fair on Transcripts and Certificates during which more than 4,650 certificates and 4,113 transcripts were issued. This year, with the support of the University Council and Senate, the Department of the Academic Registrar, the Directorate of ICT Support Services, and the leadership at the Colleges, the academic transcripts for students graduating during the 74th graduation ceremony were printed before graduation. “The academic transcripts are ready and they are due for issuance to graduands who have satisfied the academic and financial obligations I therefore urge all our graduands to pick their transcripts from their respective colleges,” the VC said.
The Vice Chancellor congratulated all graduands and called on them to Cherish the knowledge and experiences they have received, but remember that learning never ends.
Business & Management
PIM Centre Awards Certificates to Over 35 Officials Trained in Essentials of Public Investment Management
The Public Investment Management (PIM) Centre of Excellence at Makerere University has awarded certificates to more than 35 public officials who successfully completed a three-day training in the Essentials of Public Investment Management (PIM).
The training, held from September 23rd to 26th, 2025 at the College of Business and Management Sciences, aimed at strengthening the capacity of government officials to effectively identify, prepare, and implement public projects.
The closing ceremony was officiated by Ms. Belinda Bisamaza, who represented the Permanent Secretary/Secretary to the Treasury (PS/ST). In her remarks, Ms. Bisamaza commended participants for their commitment, noting that the training had offered a solid foundation in the entire PIM cycle — from project conceptualization and profiling, through monitoring and evaluation (M&E), to the use of the Integrated Bank of Projects (IBP), Environmental and Social Risk Management, and Public-Private Partnerships (PPPs).
“With these skills, you can contribute meaningfully to improving the quality of proposals submitted to the IBP, ensure better risk management, and enhance implementation through robust monitoring frameworks,” she said, adding that participants were now better prepared for advanced modules on financial appraisal, risk analysis, and stakeholder engagement.
Representing the PIM Centre, Prof. Eria Hisali highlighted the need for well-prepared projects that directly contribute to economic growth. “We must move away from the practice of developing projects only when funding is required. Instead, we should create a strong bank of quality projects from which government can easily draw,” he said.
The Manager of the PIM Centre, Dr. John Sseruyange, expressed gratitude to the participants and trainers for their dedication. He noted that the facilitators were drawn from Makerere University, the National Planning Authority (NPA), and the Ministry of Finance, Planning and Economic Development (MoFPED). Dr. Sseruyange also revealed that the Centre would be rolling out further in-depth training modules and creating opportunities for alumni to engage in consultancy and research work. The PIM Centre hosts the training as part of broader efforts by Makerere University, MoFPED, and NPA to strengthen Uganda’s public investment management systems, ensuring value for money, improved service delivery, and sustainable economic development.
Business & Management
PIM Centre Makerere, Graduates Second Cohort of Certificate in Financial Implications – Integrated Regulatory Cost-Benefit Analysis
Jinja, September 5, 2025
Thirty-one government officers from Ministries, Departments, and Agencies (MDAs) have successfully completed a two-week intensive training in the Certificate of Financial Implications (CFI) – Integrated Regulatory Cost-Benefit Analysis. The certification ceremony was held at the Pearl on the Nile Hotel, Jinja, marking another milestone in Uganda’s efforts to institutionalize evidence-based and fiscally responsible policymaking.
The training, delivered by the Makerere University Public Investment Management (PIM) Centre of Excellence in partnership with the Ministry of Finance, Planning and Economic Development (MoFPED), and National Planning Authority equipped participants with practical skills to evaluate policy and legislative proposals for their financial, economic, and social implications.
Speaking at the closing ceremony, Mr. Paul Mwanja, Commissioner for Infrastructure & Social Services at MoFPED, who represented the Permanent Secretary, commended the officers for their commitment at a time when government institutions are finalizing the Auditor General’s audits, implementing the FY2025/26 budget, rolling out the National Development Plan IV’s tenfold growth strategy, and preparing for the 2026 General Elections.
“Your participation affirms a collective commitment across Government to strengthen the quality, transparency, and credibility of public policymaking in Uganda,” Mr. Mwanja said. He urged graduates to return to their institutions as champions of reform, share their knowledge with colleagues, and drive the change needed in Public Finance Management. He also announced that the next cohort of the training will take place in January 2026.
Prof. Ibrahim Mike Okumu, Dean of the School of Economics at Makerere University, delivered the graduation address, highlighting the certificate’s importance in addressing Uganda’s triple challenge of scale, scarcity, and speed.
“This program does something unique. It teaches you not only to ask whether a policy or project is beneficial, but also whether it is affordable and resilient under real fiscal constraints,” Prof. Okumu noted. He challenged graduates to apply their skills at project, portfolio, and policy levels—ensuring value for money and enhancing public trust in government spending.
He further emphasized that Uganda’s pioneering approach to integrated CFI-CBA positions the country as a leader in Africa and beyond: “You, Uganda’s first CFI-CBA graduates, are now part of a global brain trust. Your work will speak to investors, parliaments, development partners, and above all, the Ugandan people.”
Dr. John Sseruyange, Manager of the PIM Centre of Excellence, expressed appreciation to participants for their active engagement throughout the training and thanked MoFPED and the faculty drawn from Makerere University, the National Planning Authority, Ministry of Finance, and the Ministry of Energy for their technical support.
The Certificate of Financial Implications – Integrated Regulatory Cost-Benefit Analysis was introduced following the Revised Guidelines for Financial Clearance, effective July 1, 2025. The guidelines require MDAs to prepare their own financial implications statements, subject to rigorous cost-benefit analysis, thereby strengthening linkages between fiscal responsibility and regulatory impact assessments.
With the successful completion of the second cohort, Uganda is steadily building a critical mass of professionals capable of embedding cost-benefit thinking across government, ensuring every shilling delivers maximum impact for citizens.
The Public Investment Management Centre of Excellence (PIM CoE) at Makerere University held its Steering Committee meeting on 4th September 2025 at Mestil Hotel in Kampala. The session, attended by all members, focused on reviewing progress, reflecting on achievements from the past financial year, and charting the way forward for the Centre.
About the PIM Centre of Excellence
The PIM CoE was established in March 2022 at Makerere University’s College of Business and Management Sciences (CoBAMS), in partnership with the Ministry of Finance, Planning and Economic Development (MoFPED). Its purpose is to strengthen Uganda’s public investment management system through training, research, and advisory services.
The Steering Committee plays a critical role in oversight, review, coordination, and advisory functions, guiding the Centre’s work and ensuring that public investment processes align with national development priorities.
Highlights from the Meeting
Speaking at the meeting, Dr. Joseph Muvawala, the Executive Director of the National Planning Authority, praised the October 2024 Annual PIM Conference for expanding perspectives on project design and delivery. He emphasized the importance of shifting from theory to practice in training, advocating for students and officials to engage with real-world projects. He also underscored the Centre’s new autonomy—transitioning from a subvention to a vote—which gives it greater independence but also demands stronger financial accountability. Dr. Muvawala further called for a permanent physical home for the Centre, noting that sufficient resources are available to make this possible and that negotiations with government are underway.
Mr. Ashaba Hannington, Director Budget at MoFPED, shared key achievements from the 2024/25 financial year. He noted that the Annual PIM Conference, organised jointly by MoFPED and the Centre, provided a vital platform for stakeholders to reflect on progress in public investment management.
Mr. Ashaba reaffirmed MoFPED’s commitment to working closely with the Centre to strengthen Uganda’s public investment capacity.
Prof. Eria Hisali, Co–Principal Investigator of the PIM CoE, outlined strategies to increase the Centre’s vibrancy and impact. He emphasized direct project engagement, advisory services, and peer reviews as ways to bridge the gap between theory and practice. Looking ahead, he revealed plans for a Master’s program in Economic and Investment Modelling, a Training of Trainers (ToT) initiative, and deeper practical capacity-building efforts.
Prof. Hisali also noted several successful trainings from the past year, including:
- 46 staff from MDAs trained in Essentials of PIM.
- 59 participants across two cohorts trained in Financial Appraisal and Risk Analysis.
- 25 participants trained in Economic Appraisal and Stakeholder Analysis.
He proposed the introduction of a “trailer feasibility test” to evaluate whether completed projects deliver benefits as projected and to address optimism bias in project planning.
Dr. John Seruyange, Manager of the PIM CoE, highlighted the Centre’s growing regional footprint. Beyond Uganda, six central government officers from Somalia have been trained in Infrastructure Asset Management, generating further interest in advanced training from Somalia, Zimbabwe, and Somaliland. To position itself as a regional hub, the Centre is preparing a prospectus to market its courses across Africa and beyond.
Why It Matters
The Steering Committee reaffirmed its commitment to ensuring that the PIM CoE remains a leading think tank and capacity-building hub for government and regional partners. By improving the appraisal, financing, and implementation of public projects, the Centre is strengthening accountability, enhancing service delivery, and contributing to Uganda’s broader development goals.
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