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2024 Career Fair Tips Students on how to seize available job opportunities

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By Bernard Buteera

On Friday 15th March 2024, Makerere University held its Annual Career Fair, an event that brings together students from universities and other tertiary institutions to meet and interact with industry experts to share information about existing career opportunities and the new skills needed by the job market. The 2024 Annual Career Fair was held under the theme; Breaking Barriers to Employment Opportunities, and brought together over 2,000 students from the University and Secondary schools around Kampala.

While presiding over the event that was held at Makerere University Freedom Square, the Deputy Vice Chancellor (Academic Affairs), Prof. Umar Kakumba, who represented the Vice Chancellor, Prof. Barnabas Nawangwe, hailed the many companies that had come on board to support the University in preparing the young people for transition and career progression.   

Representatives from Mastercard Foundation-Uganda listening attentively during the Career Fair. Career Fair, 15th March 2024, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Representatives from Mastercard Foundation-Uganda listening attentively during the Career Fair.

“On behalf of the Vice Chancellor Prof. Barnabas Nawangwe, and my own behalf, I would like to thank the 20 companies that have partnered with us to support this year’s annual career affair, an event we believe will go a long way in providing career guidance and career mentorship for our students.” He remarked.

 Prof. Kakumba highlighted the importance of the Career Fair or Career Mentorship and why students should take advantage of it. He pointed out that career mentorship provides the most lucrative asset in the life of an individual, which is inspiration.

A cross-section of University students who attended the Career Fair. Career Fair, 15th March 2024, Freedom Square, Makerere University, Kampala Uganda, East Africa.
A cross-section of University students who attended the Career Fair.

“The idea of a Career Fair or Career interaction is very important because it inspires young people to aspire to achieve more than they ever dreamt. For most people who have excelled in life, it is not because they were the most brilliant in school, it is because of the career mentorship and guidance they received.” Prof Kakumba pointed out.

On his part, the Chairperson of the Organizing Committee of the Career Fair 2024 and Dean School of Computing and Informatics Technology, Dr. Joseph Balikuddembe thanked the University Management for coming up with the Annual Career Fair.

“I would like to thank the University Management under the leadership of the Vice Chancellor, Prof. Barnabas Nawangwe, and the Deputy Vice Chancellor (Academic Affairs), Prof. Umar Kakumba in whose docket the Career Fair falls, for the vision and foresight that birthed the Career Fair, a critical event that brings university students and industry partners to interact to break barriers and find purpose,” Dr. Balikuddembe remarked.

Dr. Joseph Balikuddembe addresses the gathering at the Career Fair. Career Fair, 15th March 2024, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Dr. Joseph Balikuddembe addresses the gathering at the Career Fair.

Dr. Balikuddembe spelled out the salient objectives of the career fair as being two-fold;

“The first one is creating strong relationships with both national and international organizations that will continuously support university students to get more opportunities for experiential learning through internships, voluntary roles and job placements, and the second one is for the university to offer career guidance to the students to address the fears related to the transition to the world of work and face the world of work with confidence.” Dr. Balikuddembe pointed out.

In her welcome remarks, Prof. Justine Namaalwa, the Program Coordinator of the Mastercard Foundation Scholars Program at Makerere University, thanked other partners who had joined the University and the Scholars Program to make the 2024 Career Fair a bigger and even better event.

Prof. Justine Namaalwa, addressing the gathering at the event. Career Fair, 15th March 2024, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Prof. Justine Namaalwa, addressing the gathering at the event.

“I would like to add my voice to that of the previous speakers and thank the many organizations and companies that have joined us to support and make this year’s annual Career Fair possible, and I call upon more organizations and companies out there to support the young people to transition to the world of work by breaking barriers to employment opportunities.” Prof. Namaalwa remarked.

Prof. Namaalwa further thanked the young people who took off time to attend the career fair, a very important designed to help them get information and connections for internship and employment opportunities.

Some of the students from secondary schools that attended the Career Fair. Career Fair, 15th March 2024, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Some of the students from secondary schools that attended the Career Fair.

“I would like to thank young people who have made the right decision to be here today, you have stepped away from the crowd that is less informed and less connected in terms of transition.” Prof. Namaalwa further remarked.  

The 2024 Annual Career Fair was organized by Makerere University in conjunction with the Mastercard Foundation Scholars Program at Makerere with support from 20 organizations, companies, and exhibitors. The organizations and companies that supported the event were The Mastercard Foundation, ABSA Bank, Bank of Africa, Centenary Bank, Coca-Cola, Chinese Communication Construction Company, Chinese Chamber of Commerce, Infectious Diseases Institute, Makerere University Confucius Institute, Post Bank, Stanbic Bank, Pearl Mariner Investments, Mirembe Villas-Kigo, Good brothers, Star Times, ZTE, Tiang Tang Group among many others.

Students visiting the Coca-Cola stall, one of the exhibitors at the Fair. Career Fair, 15th March 2024, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Students visiting the Coca-Cola stall, one of the exhibitors at the Fair.

The event was characterized by several activities such as; onsite graduate and internship placements, interaction with industry experts, panel discussions, exhibitions, and moderate entertainment. The next Career Fair will be held in March 2025.

Bernard Buteera is the Communications and Public Relations Officer of the Mastercard Foundation Scholars Program at Makerere University.

Mak Editor

General

Advert: Position of First Deputy Vice Chancellor

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Front View of the reconstructed Main Building, Makerere University. Date Taken 8th November 2024. Kampala Uganda, East Africa.

Makerere University is governed by the Universities and Other Tertiary Institutions Act, Cap 262. The University is seeking applications from suitably qualified applicants for the position of First Deputy Vice-Chancellor. The First Deputy Vice Chancellor must possess a strong background in academic leadership, teaching, research, and strategic institutional management.

1. POSITION: FIRST DEPUTY VICE-CHANCELLOR

2. SALARY SCALE: PU2

3: DUTY STATION: MAKERERE UNIVERSITY

4. ROLE

The First Deputy Vice-Chancellor will report to the Vice–Chancellor and shall:

  1. Assist the Vice Chancellor in performance of his or her functions and in that regard be responsible for the Academic affairs of the University
  2. In the absence of the Vice-Chancellor, perform the functions of the Vice-Chancellor and,
  3. Perform such other functions that may be delegated to him or her by the Vice Chancellor or assigned by the University Council.

5. PURPOSE OF THE JOB

To provide leadership and Coordination of academic and academic research matters to ensure effective and efficient implementation of policies, teaching and research programmes.

6. DUTIES AND RESPONSIBILITIES

  1. Initiate, obtain approval of policies, plans and programmes that will enhance the academic and professional excellence of the University.
  2. Initiate, coordinate curriculum development and review for all courses offered at the University.
  3. Ensure that all examinations are set and marked in accordance with established Regulations.
  4. Coordinate the appointment of external examiners.
  5. Oversee the selection and admission of qualified students.
  6. Oversee the development of research programmes by liaising with Principals of Colleges/Deans of Schools and submit them to Senate and Council for approval.

7. CANDIDATE SPECIFICATION

  1. Hold a PhD or any other academic doctorate.
  2. Be at the rank of associate or full professor level in an institution whose academic ranking is comparable with that of Makerere University as accepted by Senate.
  3. Be a Ugandan citizen within the age bracket of 40 to 65 years at the time of application.

7.1 Academic Qualifications

  1. Earned a Ph.D. or equivalent doctorate in a relevant discipline.
  2. Minimum 5 years of progressive academic experience, including teaching, research, and academic administration at the level of dean of a school or higher.
  3. At least 20 peer-reviewed publications in reputable journals indexed in Scopus, Web of Science, or equivalent databases.
  4. Supervised at least ten (10) postgraduate students (Masters and PhD) to completion and graduation; at least three of these students must have been at the level of PhD.

7.2 Strategic Planning & Governance

  1. Evidence of having served or participated in university-level strategic planning processes including, membership to strategic planning committees and contribution to policy development and institutional growth.
  2. At least five years of demonstrated experience in academic programme accreditation processes contributing to the securing approvals from the relevant national or international regulatory bodies.
  3. Demonstrated evidence in leading at least one (1) higher education ICT integration initiative, improving online learning, digital governance, or student information systems or the development of at least one online course curriculum.

7.3 Leadership & Administrative Experience

  1. A minimum of 5 years of senior academic leadership in a recognized institution comparable to that of Makerere University, as accepted by the Senate, at the level of Dean of a School or higher.
  2. Participated in the development and implementation of at least two (2) academic policies improving quality assurance, curriculum development, or institutional governance.
  3. Demonstrated ability to lead a school or college, ensuring optimal performance and professional development of members.
  4. Proven track record of mentoring at least 10 faculty members toward career progression and research output, including co-teaching, publication, and capacity development in areas of teaching and training, grants, research and innovations.
  5. Participated in at least three (3) university committees or initiatives on academic policy development, research and publications, or student affairs.
  6. Participation in mediation of at least five (5) student or faculty grievances, ensuring fair and transparent resolutions.

7.4 Teaching, Learning & Curriculum Development

  1. Led or contributed to the development of at least five (5) accredited academic programmes or curricula at undergraduate and postgraduate level.
  2. Participated in the Designing and conducting at least 10 faculty development workshops focused on pedagogy, research methodologies, or curriculum advancement.

7.5 Research & Innovation

  1. Secured at least $200,000 in competitive research grants from national or international funding agencies.
  2. Established or managed at least one (1) research centre, or college wide research programme or industry-academic partnerships.
  3. Published a minimum of five (5) books, or 5 book chapters, or patents (separate from the papers in peer reviewed journals), contributing to knowledge production in the discipline.
  4. Organized at least three (3) international or national research conferences, fostering collaboration and knowledge exchange.

7.6 Financial & Resource Management

  1. Successfully managed academic budgets exceeding UGX 500,000,000= in a leadership role.
  2. Led at least two (2) faculty resource mobilisation initiatives, increasing funding for research, scholarships, or infrastructure.
  3. Secured at least one (1) international academic partnership to enhance funding, student exchange, or faculty development.
  4. Developed and executed at least three (3) cost-cutting strategies, optimising institutional resources without compromising academic quality.

7.7 Stakeholder Engagement & Collaboration

  1. Built at least five (5) partnerships with government agencies, private sector stakeholders, or international academic institutions.
  2. Successfully led at least two (2) community engagement or outreach programmes, strengthening university-industry relations.
  3. Served on or contributed to at least three (3) University, national, or international education policy boards, shaping higher education discourse.

7.8 Personal Attributes

  1. Proven record of upholding institutional integrity, with no record of financial mismanagement or ethical violations.
  2. Demonstrated decision-making and problem-solving skills, having led at least five (5) crisis resolution initiatives.
  3. Recognized for academic leadership excellence, receiving at least one (1 ) award or recognition for contributions to higher education.

8. REMUNERATION

An attractive remuneration package that is in accordance with Makerere University terms and conditions of service.

9. TENURE

The First Deputy Vice Chancellor shall hold office for a period of five years and shall be eligible for re- appointment for one more term.

10. METHOD OF APPLICATION

Interested applicants are invited to submit their application letters. The following documents shall comprise a complete application:

  1. A signed letter of application;
  2. A vision statement;
  3. Curriculum Vitae with contact details signed and dated by the applicant;
  4. Copies of required minimum number of publications;
  5. Certified copies of academic transcripts and certificates.
  6. Three (3) letters of recommendation;
  7. Copies of letters of appointment to leadership positions at the level of Dean of a School in a national accredited university or other academic institution;
  8. A copy of the applicant’s National Identity Card or passport;
  9. A copy of the last clearance from the Inspector General of Government or other equivalent national body.
  10. Referees should be advised to send confidential reference letters, addressed to the Chairperson Search Committee for the Position of First Deputy Vice Chancellor and delivered directly to the address below by 5:00 pm on Monday 24th March, 2025.
  11. The references should cover the following areas: the applicant’s academic credential, experience, leadership, managerial and administrative skills and personal integrity.

Both Hardcopy and Electronic (Email) applications shall be accepted.

a) Hardcopy applications: Both confidential letters and sealed applications marked “CONFIDENTIAL: POSITION OF FIRST DEPUTY VICE CHANCELLOR” should be addressed to:

SECRETARY SEARCH COMMITTEE
THE ACADEMIC REGISTRAR
MAKERERE UNIVERSITY
6TH Floor, ROOM 602, SENATE BUILDING
P.O.BOX 7062, KAMPALA, UGANDA

b) Electronic media (e-mail) applications should have all the above documents scanned and emailed to search.dvcaa@mak.ac.ug by 5.00 pm East African Standard Time on Monday 24th March, 2025.

Please note that:

a) Incomplete applications or applications received after the closing date and time will not be considered.

b) Only shortlisted applicants shall be contacted.

For more Information and inquiries: Visit our website https://mak.ac.ug/search-fordvcs OR email us on search.dvcaa@mak.ac.ug OR Call Telephone number: +256-414-532634 during working hours (between 8:00 am to 5:00 pm Monday to Friday).

MAKERERE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER

Prof. Mukadasi Buyinza
ACADEMIC REGISTRAR

Mak Editor

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Advert: Position of Second Deputy Vice Chancellor

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Mak Main Building

Makerere University is governed by the Universities and Other Tertiary Institutions Act, Cap 262. The University is seeking applications from suitably qualified applicants for the position of Second Deputy Vice-Chancellor. The Second Deputy Vice Chancellor holds a pivotal role in financial governance, institutional planning, and administrative leadership.

1.      POSITION:           SECOND DEPUTY VICE-CHANCELLOR
2.      SALARY SCALE: PU2
3:     DUTY STATION:  MAKERERE UNIVERSITY
4.      ROLE

The Second Deputy Vice-Chancellor will report to the Vice–Chancellor and shall:

a)     Assist the Vice Chancellor in performance of his or her functions and in that regard shall oversee the finances and administration of the University;

b)     Be responsible for the Planning and Development of the University and,

c)      Perform such other functions that may be delegated to him or her by the Vice Chancellor or assigned by the University Council.

5.      PURPOSE OF THE JOB

To provide strategic leadership and ensure efficient and sound financial, human and fiscal resources management in the University.

6.      DUTIES AND RESPONSIBILITIES

a)     Provide leadership in Strategic planning and governance, leadership and administrative experience, Human resource and performance Management, Stakeholder engagement and collaboration.

b)     Provide leadership in preparation and implementation of the University’s recurrent and capital budgets.

c)      Monitor the development and implementation of the University’s accounting procedures, manuals and other documents relating to financial control and Management as per approved financial regulations.

d)     Oversee income and expenditure of all income generating units of the University.

e)     Coordinate the production of the University-wide Financial Reports by Colleges and Units.

f)      Management of human resources in the University.

g)     Oversee the management of University Estates and Assets.

7. CANDIDATE SPECIFICATION

a)     Hold a PhD or any other academic doctorate.

b)     Be at the rank of associate or full professor level in an institution whose academic ranking is comparable with that of Makerere University as accepted by Senate.

c)      Be a Ugandan citizen within the age bracket of 40 to 65 years at the time of application.

7.1 Academic Qualifications

a)     Earned a Ph.D. or equivalent doctorate should be acceptable by Senate.

b)     At least five years of financial or administrative leadership experience at the level of school dean/director or higher in a higher education institution, public service, or corporate institutions.

c)      Supervised at least ten (10) postgraduate students (Master’s and Ph.D.) to completion. At least three of the students must be at the PhD level.

7.2 Strategic Planning and Governance

a)     Experience in leading large administrative teams at the level of dean or higher, demonstrating efficiency and productivity.

b)     Proven record in developing and executing strategic plans, aligning financial and administrative objectives with institutional goals.

c)      Evidence of developing and implementing financial policies that have improved financial efficiency, transparency, and risk management.

d)     Evidence of implementing organisational restructuring or process improvements to ensure operational efficiency.

e)     Ability to develop and implement institutional policies, ensuring compliance with national higher education and financial regulations.

7.3 Leadership & Administrative Experience

a)     Minimum 5 years of senior academic leadership in a recognized institution comparable with that of Makerere University, as accepted by Senate.

b)     Demonstrated    experience    in    managing    budgets    exceeding    UGX 500,000,000=, ensuring financial sustainability and accountability.

c)     Proven ability to mobilize resources, secure grants, and attract external funding to support institutional growth.

d)     Experience in conducting financial forecasting, cost control measures, and investment strategies to optimize institutional resources.

e)     Track record of leading financial audits and compliance assessments in alignment with national and international financial regulations.

f)      Experience in handling procurement, asset management, and infrastructure development, ensuring transparency and value for money.

7.4    Human Resource and Performance Management

a)    Track record of leading workforce planning, recruitment, and talent development strategies, ensuring a high-performance institutional culture.

b)     Experience in implementing performance-based appraisal systems, leading to improved staff efficiency and accountability.

c)      Proven ability to foster industrial harmony, resolving labour disputes and improving employer-employee relations.

7.5    Infrastructure Development and Resource Optimization

a)     Experience in overseeing capital development projects, ensuring timely delivery and cost efficiency.

b)     Track record of overseeing the maintenance and expansion of university facilities, enhancing institutional infrastructure.

c) Proven ability to negotiate and manage contracts for outsourced services, ensuring cost-effectiveness and quality standards.

7.6 Digital Transformation and ICT Integration

a) Experience in integrating ICT solutions in financial and administrative operations, improving service delivery and efficiency.

b) Evidence steering the automation of financial, procurement, and HR systems, reducing paperwork and improving real-time decision making.

c) Proven ability to implement cybersecurity measures that safeguard institutional financial and administrative data.

7.7 Stakeholder Engagement & Collaboration

a) Demonstrated experience in building partnerships with government agencies, donors, private sector investors, and international organizations to enhance institutional funding.

b) Proven ability to engage faculty, students, and staff in financial decision-making, ensuring transparency and inclusivity.

c) Experience in negotiating contracts, partnerships, and collaborations that have led to financial and administrative growth.

7.8 Personal Attributes

a) High level of integrity, transparency, and ethical leadership, with a record of financial prudence.

b) Strong analytical, problem-solving, and decision-making skills, backed by evidence of successfully managing complex financial and administrative challenges.

c) Excellent communication, negotiation, and interpersonal skills, ensuring effective stakeholder engagement.

d) A visionary leader with the ability to drive financial sustainability administrative efficiency, and institutional growth.

8. REMUNERATION

An attractive remuneration package that is in accordance with Makerere

University terms and conditions of service.

9. TENURE

The Second Deputy Vice Chancellor shall hold office for a period of five years and shall be eligible for re-appointment for one more term.

10. METHOD OF APPLICATION

Interested applicants are invited to submit their application letters. The following documents shall comprise a complete application:

a) A signed letter of application;

b) A vision statement;

c) Curriculum Vitae with contact details signed and dated by the applicant;

d) Copies of required minimum number of publications;

e) Certified copies of academic transcripts and certificates;

f) Three (3) letters of recommendation;

g) Copies of letters of appointment to leadership positions at the level of Dean of a School in a national accredited university or other academic institution;

h) A copy of the applicant’s National Identity Card or passport;

i) A copy of the last clearance from the Inspector General of Government or other equivalent national body;

j) Referees should be advised to send confidential reference letters, addressed to the Chairperson Search Committee for the Position of Second Deputy Vice Chancellor and delivered directly to the address below by 5:00 pm on Monday 24th March, 2025;

k) The references should cover the following areas: the applicant’s academic credential, experience, leadership, managerial and administrative skills and personal integrity.

Both Hardcopy and Electronic (Email) applications shall be accepted.

(a) Hardcopy applications: Both confidential letters and sealed applications marked

“CONFIDENTIAL: POSITION OF SECOND DEPUTY VICE CHANCELLOR”

should be addressed to:

SECRETARY SEARCH COMMITTEE
THE ACADEMIC REGISTRAR
MAKERERE UNIVERSITY
6TH Floor, ROOM 602, SENATE BUILDING
P. O. BOX 7062, KAMPALA, UGANDA

(b) Electronic media (e-mail) applications should have all the above documents scanned and emailed to search.dvcfa[at]mak.ac.ug by 5.00 pm East African Standard Time on Monday 24th March, 2025.

Please note that:

(a) Incomplete applications or applications received after the closing date and time

will not be considered.

(b) Only shortlisted applicants shall be contacted.

For more Information and inquiries:
Email us on search.dvcfa@mak.ac.ug OR Call Telephone number: +256-414-532634 during working hours (between 8:00 am to 5:00 pm Monday to Friday).

MAKERERE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER

Prof. Buyinza Mukadasi (PhD)
ACADEMIC REGISTRAR

Mak Editor

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Mak Co-operative Society financial performance excites Members: More strategies proposed for continuous growth

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MUMCS Members pose for a group photo with their Chairperson-Prof. Barnabas Nawangwe, Secretary-Prof. Winston Tumps Ireeta and Treasurer-Prof. Juma Kasozi at the AGM on 26th February 2025. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.

On 26th February 2025, members of Makerere University Multi-Purpose Co-operative Society (MUMCS) convened for the Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans.

MUMCS has realised significant growth and financial stability, with a strong commitment to its members. The pay incentive bonus, remains at 14.5% of surplus returns until a future review. As the Society continues to grow and expand its services, it is expected to play an increasingly important role in promoting financial inclusion and economic development in Uganda.

Prof. Barnabas Nawangwe (Left) delivers the Chairperson's address alongside Prof. Juma Kasozi (Right). Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe (Left) delivers the Chairperson’s address alongside Prof. Juma Kasozi (Right).

MUMCS has 136 active members who are members of staff at Makerere University. MUMCS has a Board of Directors and Secretariat that works with the Investments Committee, Loans Committee, Finance Committee, Welfare Committee, and the Supervisory Committee.

The Chairperson of MUMCS, Prof. Barnabas Nawangwe welcomed the Members (physically present at Makerere University Main Hall and those who were following virtually via zoom) to the AGM. He encouraged the Members to continue saving and investing in the cooperative society.

Left to Right: Prof. Winston Tumps Ireeta, CPA David Ssenoga, Prof. Barnabas Nawangwe and Prof. Juma Kasozi. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Left to Right: Prof. Winston Tumps Ireeta, CPA David Ssenoga, Prof. Barnabas Nawangwe and Prof. Juma Kasozi.

To kick start the AGM, the Chairperson made reference to the Agenda, which had been shared ahead of time to the respective Members. The Agenda focused on critical issues such as achievements, dividend allocation, recruitment plans, loan repayment strategies, potential investment opportunities, among other items. Following the adoption of the agenda during the AGM, the Chairperson invited the Secretary- Prof. Tumps Winston Ireeta, and the Treasurer- Prof. Juma Kasozi to present to the AGM key highlights.

Prof. Kasozi confirmed that the performance of the society was satisfactory. The Treasurer’s report, highlighted the society’s significant progress in 2024. The society disbursed loans amounting to UGX 1 billion, while savings accrued amounted to UGX 1.8 billion, and share value stood at UGX 386 million. The society’s total assets available for investment are worth UGX 2.25 billion, with a return on investment of 12.95%. The AGM was informed that the Cooperative’s balance sheet exceeded UGX 2billion, a testament to its robust financial position.

Prof. Juma Kasozi (Right) alongside Prof. Barnabas Nawangwe (Left) presents the Society's performance. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Prof. Juma Kasozi (Right) alongside Prof. Barnabas Nawangwe (Left) presents the Society’s performance.

Summary of the Key statistics:

  • Total loans disbursed: UGX 1 billion
  • Savings: UGX 1.8 billion
  • Share value: UGX 386 million
  • Total assets available for investment: UGX 2.25 billion
  • Return on investment: 12.95%
  • Unit trusts: UGX 801,127,970 (ICEA LION) and UGX 608,138,265 (UAP OLD MUTUAL)
  • Surplus: UGX 166 million
  • Dividends: The payment of dividends not exceeding 10% of the surplus.

The Auditor’s report was presented, confirming that the society’s financial statements provide a true and fair view of its financial position as of December 31, 2024. The Auditor commended the society’s management for their excellent work in managing the society’s finances.

“I commend the Board and Secretariat for having a well-managed and governed society. Your scheme is one of the best. We are glad that Makerere University Multi-Purpose Co-operative Society, the balance sheet is above UGX 2 billion,” CPA David Ssenoga said.

The Society Auditor, CPA David Ssenoga. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
The Society Auditor, CPA David Ssenoga.

During the AGM, members proposed the following strategies to spur the continuous growth of MUMCS:  Undertaking sensitization, publicity and mobilization drives/campaigns, development of publicity materials such as brochures, encouraging members to take loans, presenting proposals to reward bonus incentives to the highest savers and members with a significant number of shares, as well as providing financial incentives to members who take loans and repay them faithfully. In addition, the strategies stated in the MUMCS Strategic Plan will be implemented to ensure financial diversity and sustainability.

The Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presented the committee’s report, highlighting the society’s compliance with the Co-operative Societies Act and the by-laws. Other Members of the Supervisory Committee include: Dr. Hamidah Nakato and Dr. Fred Edgar Nabutanyi. The Supervisory Committee reported that during its meetings, it reviewed various activities undertaken by the Board of Directors. They noted that since the AGM meeting held in February 2024, several achievements had been realized. These included the approval of new bylaws, a revised credit policy, and the establishment of the MUMCS office.  The Supervisory Committee reported that 12 members joined MUMCS in 2024. The Committee appreciated Mr. Raymond Nsereko for developing the MUMCS logo and acknowledged Ms Ritah Namisango for coordinating the branding of the MUMCS office.

Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presents his report. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presents his report.

In their report, the Supervisory Committee presented the proposed candidates for consideration as Members of the Vetting Committee namely:  Prof. Helen Nambalirwa Nkabala, Prof. Lawrence Mugisha and Dr. Alex Okello.

It was gratifying to note that the AGM unanimously agreed to have the Vetting Committee constituted as per the proposed names.

The Vetting Committee is expected to develop the Fit and Proper test for all applicants vying for the positions on the Board of Directors and the Supervisory Board, advertise the positions and administer the Fit and Proper test (written through Nomination Form and Oral), and present the successful applicants to MUMCS members for elections.

Ms Ritah Namisango speaks on behalf of the Welfare Committee. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Ms Ritah Namisango speaks on behalf of the Welfare Committee.

On behalf of the Welfare Committee, Ms Ritah Namisango applauded the Board and Secretariat for implementing the Welfare Policy. The Members of the Welfare Committee include: Michael Kasusse, Ritah Namisango and Oscar Mugula. She noted that with the implementation of the Welfare Policy, Members are in position to receive support towards Weddings, Medical obligations, and bereavement as per the terms and conditions specified in the policy. Noting that the society exists to advance the welfare of its members, she thanked the AGM for approving the proposed UGX 10million for such purposes.

The Board informed the AGM that in compliance with the rules and regulations that govern the sector, various policies including human resources, anti-money laundering, and procurement are being developed for MUMCS.

In his concluding remarks, the Chairperson of MUMCS, Prof. Nawangwe acknowledged the cooperative’s impressive financial returns, noting that it outperformed other savings schemes in terms of interest. He also urged members to avoid unnecessary withdrawals, emphasizing the long-term benefits of keeping their savings within the cooperative society. He commended the team responsible for the cooperative’s success, including the Secretariat and Fund managers.

Ritah Namisango
Ritah Namisango

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