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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.

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Public Investment Management Centre of Excellence awards certificates to 30 Officials

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Dr. Peter Babyenda (Front Row Right) and Dr. Willy Kagarura (2nd Row 2nd from right) pose for a group photo with participants. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala, five-day training workshop for public officers from various government agencies and universities, 1st-5th July 2024, Jinja, Uganda, East Africa.

The Public Investment Management Centre of Excellence at the College of Business and Management Sciences, has successfully concluded a five-day training workshop for public officers from various government agencies and universities. The training, held in Jinja, was attended by 30 participants who received certificates of completion at a closing ceremony on July 5, 2024. The event was graced by the Principal of the College of Business and Management Sciences, Makerere University, who delivered closing remarks and awarded the certificates.

In his closing address, the Principal expressed deep gratitude and pride, thanking the Ministry of Finance, Planning, and Economic Development (MoFPED) for their generous financial support, which made the training possible. He highlighted the Ministry’s crucial role in identifying and nominating participants from various government bodies, emphasizing the importance of professional development in improving public investment efficiency and effectiveness.

Prof. Edward Bbaale (Right) presents a certificate to one of the male participants. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala, five-day training workshop for public officers from various government agencies and universities, 1st-5th July 2024, Jinja, Uganda, East Africa.

The Principal also extended special thanks to the Permanent Secretaries, Vice Chancellors, and Executive Directors of the participating institutions for recognizing the significance of the training and nominating their staff to attend. He commended the dedication of the faculty members from Makerere University, MoFPED, and the National Planning Authority for their expertise and time, which ensured a fruitful learning experience for the participants.

Addressing the participants, the Principal lauded their commitment and resilience throughout the week-long training. He noted that the program equipped them with essential skills and knowledge in Public Investment Management (PIM), including project preparation, execution, procurement, Public-Private Partnerships (PPP), monitoring and evaluation, and integrating climate change, social, and environmental risk management in project preparation.

Prof. Edward Bbaale (Right) presents a certificate to one of the male participants. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala, five-day training workshop for public officers from various government agencies and universities, 1st-5th July 2024, Jinja, Uganda, East Africa.

He encouraged the participants to view this training as the first step in their journey to becoming experts in PIM, emphasizing the importance of continuing education through advanced modules in Financial and Economic appraisal of projects. The advanced training, conducted in collaboration with Cambridge Resources International (CRI) and Queens University in Canada, offers a tripartite certificate from Makerere University, MoFPED, and Queens University.

In his remarks, the Principal highlighted the broader scope of the Public Investment Management Centre of Excellence, which extends beyond training to include research, outreach activities, and advisory services to the government. He announced the Centre’s ongoing efforts to revise the Development Committee guidelines for MoFPED and assess the performance of projects selected since the first National Development Plan (NDP I). Additionally, he proposed organizing a one-day Public Investment Management Conference in October 2024 to evaluate the current state of public investments in Uganda and develop future strategies.

Prof. Edward Bbaale (Right) presents a certificate to one of the female participants. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala, five-day training workshop for public officers from various government agencies and universities, 1st-5th July 2024, Jinja, Uganda, East Africa.

The Principal concluded by congratulating the participants on their achievement and expressing confidence in their ability to effect positive change in the management of public investments in Uganda. He acknowledged the invaluable support of the faculty, mentors, and coaches, as well as the excellent work of the PIM CoE Secretariat, headed by Dr. Willy Kagarura.

As the training workshop came to a close, the participants left with a sense of accomplishment and a renewed commitment to enhancing public investment management practices in Uganda, contributing to the country’s economic development and prosperity.

Prof. Edward Bbaale (Right) presents a certificate to one of the male participants. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala, five-day training workshop for public officers from various government agencies and universities, 1st-5th July 2024, Jinja, Uganda, East Africa.

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2,000 Ugandan Households to Participate in FamiLEA Project

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Prof. Edward Bbaale, Principal of the College of Business and Management Sciences (Seated 2nd Right) and Dr. Stephen Wandera, the Principal Investigator (Standing Rear Right) and other partners at the training on 1st July 2024. School of Statistics and Planning, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, Remaking of the Family in East Africa (FAMILEA) training for Research Assistants, 1st July 2024, Kabira Country Club, Kampala Uganda.

Scholars from Makerere University, in partnership with researchers from Europe, have launched the Remaking of the Family in East Africa (FamiLEA) project, focusing on 2000 households in the Kampala Metropolitan Area. This 3-year research initiative, which began on July 1st, includes households in Kampala, Wakiso, and Mukono Districts and will continue until mid-2027.

The FamiLEA project examines families and the factors influencing changes in family structures. This research responds to the rapid and significant changes in family dynamics across Africa, including innovative kinship practices.

Dr. Stephen Wandera (Left) with participants at the training. School of Statistics and Planning, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, Remaking of the Family in East Africa (FAMILEA) training for Research Assistants, 1st July 2024, Kabira Country Club, Kampala Uganda.

Dr. Stephen Wandera, the Principal Investigator (PI) from Makerere University, stated that enumerators will conduct door-to-door data collection using structured questionnaires. “Our enumerators are students from Makerere University’s Population Studies program, both undergraduate and postgraduate. We expect them to gain valuable field experience and provide validated results,” Dr. Wandera explained during the training.

The study focuses on household changes such as marriage, divorce, intermediate relationships, and networks to understand the reasons behind family changes in East Africa. Following data analysis, dissemination meetings will be held with stakeholders, including government ministries, departments, and agencies.

Participants pose for a group photo. School of Statistics and Planning, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, Remaking of the Family in East Africa (FAMILEA) training for Research Assistants, 1st July 2024, Kabira Country Club, Kampala Uganda.

Earlier this year, a stakeholders’ meeting in Kampala included representatives from the Ministry of Gender, Labour, and Social Development and the Uganda Bureau of Statistics. Researchers will submit reports to policymakers and prepare policy briefs to support informed policy-making and programming.

Yonatan N. Gez, Co-Principal Investigator from ISCTE University Institute of Lisbon, Portugal, highlighted that the FamiLEA project is being conducted in both Kenya and Uganda, funded by the Swiss National Science Foundation. This interdisciplinary project involves scholars from demography, anthropology, political science, geography, and history, collaborating with universities from Switzerland, France, Kenya, Canada, and Portugal, with Makerere University as the key collaborator.

Participants pose for a group photo. School of Statistics and Planning, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, Remaking of the Family in East Africa (FAMILEA) training for Research Assistants, 1st July 2024, Kabira Country Club, Kampala Uganda.

Gez noted, “We will conduct extensive surveys using both qualitative and quantitative methods in Nairobi and Kampala. Given the project’s focus on family structures and their transformation, religious and cultural leaders will play a key role in the study.”

The survey will include parents and guardians from 2000 randomly selected households, targeting individuals aged 18 to 64. The questionnaires will cover topics such as intermediate networks, emotional connections, and the impact of these factors on family changes.

 Prof. Bbaale, the Principal of CoBAMS shares a light moment with Dr. Stephen Wandera the PI of the project. School of Statistics and Planning, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, Remaking of the Family in East Africa (FAMILEA) training for Research Assistants, 1st July 2024, Kabira Country Club, Kampala Uganda.
Prof. Bbaale, the Principal of CoBAMS shares a light moment with Dr. Stephen Wandera the PI of the project.

Prof. Edward Bbaale, Principal of the College of Business and Management Sciences (CoBAMS), officiated the training. He emphasized the alignment of this research with Makerere University’s strategic direction of being a research-led institution. “This research is within our university’s strategic direction, and I congratulate all the principal investigators for securing the grant,” Prof. Bbaale said.

Prof. Bbaale also highlighted the importance of international collaboration in research, encouraging scholars to pursue similar research projects. He advised enumerators to exercise patience, intelligence, and care in the field to ensure high-quality research findings.

On behalf of the university, he thanked the African Population and Health Research Centre for their collaboration with Makerere University. “Engage with line ministries and the private sector to ensure the implementation of the research project’s recommendations,” Prof. Bbaale urged researchers.

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Public Investment Management Centre of Excellence at Makerere University Trains Over 30 Public Officers

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Prof. Edward Bbaale (Centre in suit) with Participants at the launch of the training. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa five-day intensive training program for over 30 public officers from various government agencies, Jinja, 1st-5th July 2024.

The Public Investment Management Centre of Excellence at Makerere University has launched a five-day intensive training program for over 30 public officers from various government agencies. This significant event is being held in Jinja, aimed at enhancing the skills and knowledge of public officers in effective investment management.

The training program was officially opened on July 1, 2024 by the Principal of the College of Business and Management Sciences, Makerere University, under which the Centre of Excellence operates. In his opening remarks, the Principal emphasized the importance of building capacity within public institutions to ensure efficient and effective management of public investments.

Prof. Edward Bbaale (Right) officially opens the training. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa five-day intensive training program for over 30 public officers from various government agencies, Jinja, 1st-5th July 2024.

“We are committed to equipping our public officers with the necessary skills and knowledge to manage public investments efficiently. This training is a testament to our dedication to excellence in public service,” stated the Principal.

The opening ceremony was also attended by Ms. Getrude Basiima from the Ministry of Finance, Planning and Economic Development, the funding agency for this training program. Ms. Basiima highlighted the Ministry’s commitment to supporting capacity-building initiatives that contribute to the country’s economic development.

Ms. Getrude Basiima from the Ministry of Finance, Planning and Economic Development, the funding agency for this training program. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa five-day intensive training program for over 30 public officers from various government agencies, Jinja, 1st-5th July 2024.

“The Ministry of Finance, Planning and Economic Development is proud to support this initiative. We believe that investing in the professional development of our public officers is crucial for the sustainable growth of our nation’s economy,” Ms. Basiima remarked.

Proper Public Investment Management (PIM) is critical for ensuring that government resources are used effectively to achieve development goals. It involves rigorous planning, allocation, and monitoring of public funds to maximize socio-economic benefits and minimize wastage. Effective PIM leads to improved infrastructure, better public services, and enhanced economic growth, ultimately contributing to the overall well-being of citizens.

Some of the participants taking part in the five-day training. Public Investment Management Centre of Excellence (PIM CoE), College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa five-day intensive training program for over 30 public officers from various government agencies, Jinja, 1st-5th July 2024.

Throughout the five-day training, participants will engage in a series of interactive sessions and practical exercises designed to enhance their competencies in public investment management. The training covers various topics, project proposal writing including project planning, financial analysis, risk management, and performance evaluation.

This initiative by the Public Investment Management Centre of Excellence at Makerere University underscores the institution’s role as a leader in fostering professional development and enhancing the capacity of public sector professionals in Uganda.

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