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PIM centre trains 40 in financial analysis

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The Public Investment Management Centre of Excellence has completed training for over 40 officers in financial analysis of public investment. The training has equipped them with the necessary skills to make informed decisions and effectively evaluate investment opportunities. The 2-week training (Jan 29–Feb 9) took place in Jinja, and covered topics such as financial modeling, risk assessment, and investment strategies. Speaking at the close of the training, Prof. Edward Bbaale, the principal investigator, said the students have gained valuable skills and knowledge that will enable them to confidently analyze and make informed decisions regarding investment opportunities. “The training has been a great success, and we believe it will have a lasting impact on their future careers,” Prof. Bbaale said. He appreciated the faculty members who were drawn from Makerere University, the Ministry of Finance, Planning, and Economic Development, the National Planning Authority, and Cambridge Resources International for their valuable contributions and commitment to the program. Prof. Bbaale called on the trainees to be ambassadors of the PIM cenrtre of Excellence. He emphasized the importance of spreading knowledge and promoting the program’s mission. He also encouraged them to actively engage with stakeholders and help build partnerships for the further success of the program.

Some of the over 40 participants pose for a group photo with the centre manager, Dr. Kagarura Willy (Squatting Front Row Centre). Financial Analysis of Public Investment Training by the PIM Centre of Excellence, CoBAMS, Makerere University, 29th Jan-9th February 2024, Jinja, Uganda, East Africa.

Prof. Bbaale thanked the government of Uganda through MoFPED for the financial support towards the centre’s activities, which include training and capacity building, research, and advisory services to the government. Additionally, he expressed gratitude to the dedicated staff members and participants for their commitment and contributions to the program’s achievements. He thanked the centre manager, Dr. Kagarura Willy for his exceptional leadership and guidance throughout the program. On this part, the Dean, School of Economics, Prof. Ibrahim Mike Okumu expressed his gratitude to all the stakeholders involved. He called on the participants to be good ambassadors of the centre. He also encouraged them to utilize the knowledge gained from the program to make a positive impact in their respective fields. He emphasized the importance of collaboration and knowledge sharing for the advancement of their professions.

Participants in session. Financial Analysis of Public Investment Training by the PIM Centre of Excellence, CoBAMS, Makerere University, 29th Jan-9th February 2024, Jinja, Uganda, East Africa.

One of the officials that undertook the training, Mr Nicholas T, expressed his gratitude for the opportunity and stated that he is committed to applying the skills and insights acquired to drive innovation and excellence at his job. He believes that through collaboration and knowledge sharing, professionals can collectively work towards the advancement of their professions.

Participants tour the Source of the Nile Project Construction site. Financial Analysis of Public Investment Training by the PIM Centre of Excellence, CoBAMS, Makerere University, 29th Jan-9th February 2024, Jinja, Uganda, East Africa.

The centre trained over 40 participants from government Ministries, departments, and private organizations. The team undertook field studies at the Source of the Nile construction project and the Nalubale Electricity Generation Plant.

Betty Kyakuwa
Betty Kyakuwa

Business & Management

Staff of School of Statistics undertake training in Data Science

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Dr. Margaret Banga (2nd Row Right) with participants and facilitators at the kick-off of the training. Statistics and Data Science (SDS) Working Group training to build capacity in Artificial Intelligence (AI) and Machine Learning (ML) among its members kick off Monday, 20th January 2025 facilitated by experts from Uganda Revenue Authority (URA), Housing Finance Bank, and the School of Statistics and Planning (SSP), Makerere University, Kampala Uganda, East Africa and will run until 24th January 2025. Participants are being equipped with a wide range of skills, covering topics such as text mining, unsupervised learning, neural networks, Geographic Information Systems (GIS), and more.

The Statistics and Data Science (SDS) Working Group training kicked off on Monday, 20th January 2025, and will run until 24th January 2025. This training, an initiative by the college, aims to build capacity in Artificial Intelligence (AI) and Machine Learning (ML) among its members.

Participants are being equipped with a wide range of skills, covering topics such as text mining, unsupervised learning, neural networks, Geographic Information Systems (GIS), and more. The training is facilitated by expert data scientists from the Uganda Revenue Authority (URA), Housing Finance Bank, and the School of Statistics and Planning (SSP).

The SDS Working Group comprises academic staff at the School of Statistics and Planning (SSP) whose research interests focus on statistical learning and AI.

Some of the participants follow proceedings. Statistics and Data Science (SDS) Working Group training to build capacity in Artificial Intelligence (AI) and Machine Learning (ML) among its members kick off Monday, 20th January 2025 facilitated by experts from Uganda Revenue Authority (URA), Housing Finance Bank, and the School of Statistics and Planning (SSP), Makerere University, Kampala Uganda, East Africa and will run until 24th January 2025. Participants are being equipped with a wide range of skills, covering topics such as text mining, unsupervised learning, neural networks, Geographic Information Systems (GIS), and more.

On January 21, 2025, Mr. Kiyingi Simon Peter and Mr. Tusubira Brian from URA led an engaging session on the practical applications of machine learning algorithms in day-to-day activities. They demonstrated how components fed into ML models are used to classify taxpayers into high-risk and low-risk categories, showcasing the transformative potential of AI in optimizing operations.

Dr. Margaret Banga, the Dean of the School of Statistics and Planning (SSP), emphasized the transformative impact of the training on both the academic and professional development of the participants. She commended the expert trainers from the Uganda Revenue Authority (URA) and other partnering institutions for their practical and insightful contributions to the sessions. Dr. Banga noted that the training is a significant step toward enhancing the teaching methodologies and research capabilities of the faculty. “By equipping our staff with advanced skills in Artificial Intelligence and Machine Learning, we are empowering them to deliver cutting-edge knowledge to our students and conduct impactful research that addresses real-world challenges,” she remarked.

Dr. Margaret Banga (2nd L) with participants. Statistics and Data Science (SDS) Working Group training to build capacity in Artificial Intelligence (AI) and Machine Learning (ML) among its members kick off Monday, 20th January 2025 facilitated by experts from Uganda Revenue Authority (URA), Housing Finance Bank, and the School of Statistics and Planning (SSP), Makerere University, Kampala Uganda, East Africa and will run until 24th January 2025. Participants are being equipped with a wide range of skills, covering topics such as text mining, unsupervised learning, neural networks, Geographic Information Systems (GIS), and more.

The training is a testament to the SSP’s forward-thinking approach to education and research in statistics and data science. The integration of topics such as neural networks, text mining, and Geographic Information Systems (GIS) underscores the need for multidisciplinary expertise in an increasingly data-driven world. Dr. Banga highlighted that this capacity-building effort aligns with the college’s strategic objectives of fostering innovation and staying ahead in the rapidly evolving fields of data science and statistical learning.

The Dean further stressed the importance of partnerships with organizations like the Uganda Revenue Authority and Housing Finance Bank, which provide invaluable industry perspectives. These collaborations ensure that academic training is not only theoretical but also applicable to practical challenges in sectors such as taxation, finance, and public administration.

In conclusion, Dr. Banga reaffirmed her commitment to continuous learning and development within the School of Statistics and Planning. She expressed confidence that the knowledge gained through the training would translate into improved academic delivery, enriched research output, and a stronger contribution to societal and economic transformation through the application of advanced data science methodologies.

Betty Kyakuwa
Betty Kyakuwa

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PIM Centre Trains Government Officials in Essentials of PIM

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Prof. Edward Bbaale (Centre in suit) with facilitators and participants at the event. Public Investment Management (PIM) Centre of Excellence commencement of three-day training program titled "Essentials of Public Investment Management," 20th January 2025, Conference Room, Level 2, School of Business, the College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

On January 20, 2025, the Public Investment Management (PIM) Centre of Excellence at Makerere University commenced a three-day training program titled “Essentials of Public Investment Management.” The workshop, held at the College of Business and Management Sciences (CoBAMS), aims to enhance the capacity of public service officials in planning, executing, and evaluating public investment projects.

The training workshop was officially opened by Prof. Edward Bbaale, who, in his opening remarks, expressed gratitude to the Ministry of Finance, Planning, and Economic Development for their financial support and pivotal role in identifying and nominating participants for the program. He acknowledged the contributions of Permanent Secretaries, Vice Chancellors, and Executive Directors in ensuring representation from various Ministries, Departments, and Agencies (MDAs) of the Ugandan government.

Prof. Bbaale commended the collaborative efforts of Makerere University faculty, the Ministry of Finance, and the National Planning Authority in designing and delivering the training curriculum. He emphasized that the program reflects Makerere University’s commitment to fostering excellence in public investment management through capacity-building initiatives.

The training covers a comprehensive range of topics, including project preparation, the Integrated Bank of Projects (IBP), procurement processes, Public-Private Partnerships (PPPs), monitoring and evaluation, and the integration of climate change and social risk management in project planning. Participants will gain both theoretical knowledge and practical experience in preparing real-world projects across vital sectors such as health, education, roads, electricity, and water.

Some of the participants that took part in the training. Public Investment Management (PIM) Centre of Excellence commencement of three-day training program titled "Essentials of Public Investment Management," 20th January 2025, Conference Room, Level 2, School of Business, the College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

Prof. Bbaale also highlighted the importance of advancing participants’ expertise through future modules in financial and economic appraisal of projects. He encouraged participants to consider enrolling in advanced training programs offered in collaboration with Cambridge Resources International and Queen’s University, Canada. Successful completion of these advanced modules will lead to a tripartite certification from Makerere University, the Ministry of Finance, and Queen’s University.

In addition to training, the PIM Centre of Excellence engages in research, outreach, and advisory services. Prof. Bbaale outlined ongoing projects, such as revising Development Committee guidelines for the Ministry of Finance and assessing project performance since the first National Development Plan (NDP I). He noted the Centre’s recent milestone—the successful hosting of the Public Investment Management Conference in October 2024—which evaluated the state of public investments in Uganda and charted the way forward.

The program participants, drawn from various government institutions, were encouraged to leverage the training to drive positive change in their respective roles. “This marks the beginning of your journey to becoming experts in Public Investment Management. Your commitment will not only enhance public service efficiency but also contribute to Uganda’s economic transformation,” said Prof. Bbaale.

The workshop is coordinated by the PIM Centre of Excellence Secretariat under the leadership of Dr. Sseruyange. The Centre remains steadfast in its mission to build capacity, promote research, and foster innovation in public investment management. At the end of the training, participants will be awarded dual certificates from Makerere University and the Ministry of Finance, recognizing their dedication to professional development.

This initiative underscores Makerere University’s role as a key player in national capacity-building and economic development through education and innovation. For God and My Country.

Betty Kyakuwa
Betty Kyakuwa

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School of Economics Hosts Team Building Event, Celebrates Excellence with Awards

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Staff pose for a group photo during the activity. School of Economics, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala team-building activity, 15th January 2025, Buwatte, Wakiso, Uganda, East Africa.

On Wednesday, January 15, 2025, the School of Economics at Makerere University organized a vibrant team-building activity in the scenic surroundings of Buwatte. This initiative aimed to foster stronger bonds among staff members, celebrate outstanding achievements, and set a collaborative tone for the year ahead.

The day was filled with a variety of activities designed to promote teamwork and camaraderie. Staff members enthusiastically participated in interactive games, lively discussions, and fun challenges that brought out their competitive yet collaborative spirit. The games were followed by a hearty lunch, where everyone gathered to share stories, laughter, and a sense of community. The event culminated in a joyous moment of merry-making, which showcased the School’s vibrant culture of inclusivity and togetherness.

Prof. Ibrahim Mike Okumu (L) and Mr. Fredrick Kasalirwe (R) pose with their Academic Excellence and Best Teaching Awards respectively. School of Economics, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala team-building activity, 15th January 2025, Buwatte, Wakiso, Uganda, East Africa.

The occasion also served as a platform to honor outstanding individuals who had excelled in their roles over the past year. The award for the best journal paper was presented to the Dean, Prof. Ibrahim Mike Okumu, in recognition of his exemplary contribution to academic research and publication. Meanwhile, the coveted Teacher of the Year Award, as voted by students, was bestowed upon Mr. Fred Kasalirwe for the second consecutive year. This recognition underscored his dedication to delivering engaging and impactful learning experiences.

In his address, Prof. Okumu expressed heartfelt appreciation for his colleagues’ hard work and commitment, which he credited for the School’s numerous achievements in 2024. He extended special congratulations to the winners of the Vice Chancellor’s Excellence Awards, acknowledging their contribution to enhancing the university’s reputation for academic excellence.

Prof. Ibrahim Mike Okumu (2nd R) with staff engaged in one of the games. School of Economics, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala team-building activity, 15th January 2025, Buwatte, Wakiso, Uganda, East Africa.

Prof. Okumu emphasized the importance of sustaining the spirit of teamwork, which he described as a cornerstone for the School’s continued success. He encouraged his staff to embrace collaboration as they embark on new academic and administrative pursuits in 2025.

The team-building event was not only a celebration of the past year’s accomplishments but also a rallying call for a productive and united future. Staff members left the event reinvigorated and motivated to uphold the School’s vision of academic excellence and impactful scholarship. As the School of Economics enters the new year, this memorable day in Buwatte stands as a testament to the power of unity, shared purpose, and the collective commitment to shaping a brighter future for the institution.

Hon. Dr. Joyce Moriku Kaducu (2nd R) presents the Teacher of the Year Award to Fredrick Kasalirwe (C) during the Convocation Luncheon. 75th Graduation Ceremony, Day 2, CoBAMS, CHS and CoNAS. 14th January 2025, Research, Teaching, Students Excellence Awards, Edge Road, Makerere University, Kampala Uganda, East Africa.

Betty Kyakuwa
Betty Kyakuwa

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