General
Prof. Sachs Expresses Optimism about Africa’s Economic Growth, PDMs Success
The Government of Uganda has been called upon to put in place measures to ensure the effective implementation of the Parish Development Model (PDM) programme. The call was made at a High-Level Policy Dialogue organized by the United Nations Development Programme (UNDP), in partnership with the Office of the Prime Minister (OPM), National Planning Authority and Makerere University.
Hosted by Makerere University on Wednesday 28th February 2024 at the Yusuf Lule Central Teaching Facility Auditorium, the Dialogue was based on the theme “Accelerating the Sustainable Development Goals through leveraging Innovating Financing, the Parish Development Model, and Science and Technology”. During the dialogue, the government was urged to set up institutions that can track the usage of the program funds to ensure that the over Shs1 Trillion pumped into the program annually does not go to waste.
This call was made by Prof Ezra Suruma, the Chancellor Emeritus of Makerere University and Uganda’s former Minister of Finance, who was a panelist at the dialogue. Hon Suruma warned that currently, it is difficult to assess the achievements of PDM since there is no clear monitoring of the projects at the parish level where the money is being invested.
“In Uganda, we are investing Shs 1 Trillion in the 10,594 parishes, but if you ask where it is going, you can’t find it. The PDM money is capital that the government is attempting to invest in our country and that capital is supposed to accumulate over time. If we invest Shs1 Trillion this year, next year we should have more than that,” Prof. Suruma said.
The Chancellor Emeritus as such, called for the establishment of an institution that can trace where the PDM funds are being invested so that this money is treated as an investment and not consumption.
Minister for Local Government Hon Raphael Magyezi however, assured Prof Suruma and the audience that implementation of the PDM program is highly monitored and leakages are extremely minimal. This, he said, was because the government decided to digitalize payments of the PDM money directly from the Treasury to the parish-based SACCOs. Furthermore, he noted that Government has put in place the PDM Management Information System (MIS) in line with the Sustainable Development Goals (SDGs) emphasis on data for development.
“We have developed our own Management Information System so that we know which household is actually in subsistence, and we have parameters for that, and we are able to monitor and evaluate our programme based on a tracker system” Hon. Magyezi explained.
The Minister further noted that PDM targets 8.9 million households in Uganda, 39% (3.4 million) of which are still engaged in subsistence, with 1 million of these reached so far. He admitted although the PDM still has its work cut out, the Government is proud of the progress so far. Hon. Magyezi shared that Uganda has 145 establishments at the level of Local Council 5 consisting of 135 Districts and 10 Cities, 2,284 Sub-Counties to supervise the parishes and under the parishes, 70,626 villages.
The Prime Minister, Rt. Hon. Robinah Nabbanja who was Chief Guest at the lecture shared that PDM is the Government of Uganda’s second key strategy for accelerating the SDGs and commended the Model as a “comprehensive strategy to uplift the incomes and welfare of all Ugandans.” The first key strategy is Leveraging Innovative Financing Mechanisms, while the third is putting more focus on Science, Technology and Innovation.
Rt. Hon. Nabbanja highlighted the government’s commitment to harnessing the power of research and innovation to provide a strong foundation to advance the digital agenda. She added that the PDM Laboratory at Makerere gives the University an opportunity to amplify and support efficiency and effectiveness of the programme’s implementation.
“Therefore, the PDM Laboratory should continue to be a platform for 1) Distilling and providing additional insights, 2) Commissioning further research and enquiry on the basis of information provided by the technical units and feedback and 3) Analyse feedback to test out policies and operational issues for Cabinet to take action” remarked the Prime Minister.
She informed the audience that Prof. Jeffrey Sachs is leading similar efforts with a lab at Columbia University and urged the leadership of Makerere University to establish a collaboration with Columbia University, “and I’m sure Prof. Sachs is much willing to support this”.
Professor Jeffrey Sachs, a world-renowned Economist, leader in sustainable development, and senior UN advisor delivered a keynote address in which he expressed optimism about development prospects on the African continent.
The prolific economist and author, projected that Africa would take off and become a global economic force in the next 40 years if it could find ways of uniting into a single economic block.
Citing China and India Prof. Sachs advised the government to set targets and also set instruments to help achieve these targets, if the country is to achieve the SDGs. The simple idea of “targets and instruments” was developed by Nobel Prize Laureate Jan Tinbergen. Tinbergen was awarded the first Nobel Prize in Economics in 1969 together with Ragnar Frisch.
Prof. Sachs defined Sustainable Development as the result of achieving four difficult objectives namely; Material wellbeing for everybody, Social inclusion, Environmental Sustainability, and Peace and Cooperation. He nevertheless shared that these can be achieved by Tinbergen’s “targets and instruments” idea.
He advised Uganda to copy China and invest in six major types of capital namely; Education, Infrastructure, Massive Interconnected Infrastructure, Protecting Natural Capital such as clean energy sources, Intellectual/Science and Technology Capital as well as Business Capital. On financing, he advised the government to find flexible and low interest financing with 40 year maturity if it is for sectors such as education.
“What I want to promise you, though I can’t give you the final answer for that part of innovative financing, we are going to get it done. Uganda is going to show a strong NDP IV, it is going to show a very robust plan to achieve rapid growth over the next 40 years, it is going to show that that rapid growth easily repays any long-term low-interest loans that have taken to achieve that, it is going to make the case that the Parish Development Model proves the last mile in an ingenious way, and that institutionally this country is poised for the breakthrough that we are talking about at the regional, national and local level” Prof. Sachs summed up.
In her remarks, Ms. Nwanneakolam Vwede-Obahor, the UNDP Resident Representative warned of Uganda’s widening development financing gap, standing currently at 33 trillion shillings (US$ 8.8 billion) annually.
“Traditional financing sources such as domestic taxes, Overseas Development Assistance (ODA), concessional loans from external partners, borrowing from the domestic market and foreign direct investment are not enough to finance the SDGs,” she said.
“Uganda must explore alternative avenues to secure affordable and flexible financing to drive the development phase in the next seven years. This will involve continuous alignment of the budget allocations and development plans with SDG priorities, diversifying funding sources, including public-private partnerships and unlocking new innovative financing models, and enhancing financial resilience.”
The dignitaries, accompanied by the Vice Chancellor, Prof. Barnabas Nawangwe, toured the state-of-the-art Innovation Pod, which is poised to drive innovation and research in the country. In his remarks, the Vice Chancellor said that Makerere remains focused on implementing strategies and programmes under SDG 4 which emphasizes Quality Education. “I am therefore pleased that today, as we continue the implementation of Sustainable Development Goals, Makerere University is on board hosting Prof. Jeffrey Sachs, the Office of the Prime Minister, National Planning Authority, UNDP, and a number of stakeholders to enhance the discussion on leveraging innovative financing, the parish development model and science and technology.”
Prof. Nawangwe shared with the audience, Makerere’s readiness to contribute to the success of the PDM, citing the role of the PDM Policy lab headed by Prof. Eria Hisali. The PDM Policy lab conducted capacity building to sensitise low-income earners about government programs and how they can utilize the funds to improve their standards of living. The lab continues to undertake research on how to effectively implement PDM. The Vice Chancellor equally shared Makerere University’s commitment to undertaking research and programmes aimed at ensuring that health becomes a priority on the global agenda through the Centre of Excellence for Sustainable Health (CESH). Established in partnership with the Karolinska Institute, Sweden, CESH’s core activities include; Capacity development and Education, Tools and resources, Networks and partnerships, and Research.
Business & Management
Mak and ACCA Career Workshop: Students tipped on success, professionalism and the future of accountancy
On Tuesday 1st April 2025, over600 students from the College of Business and Management Sciences convened at Makerere University Yusuf Lule Central Teaching Facility Auditorium to participate in the Career workshop that provided an invaluable platform for students to engage with industry leaders, gain insights into career prospects and professional development within the accounting and finance sectors.
Organized by the Association of Chartered Certified Accountants (ACCA) in Uganda in partnership with Makerere University Department of Accounting and Finance, School of Business under the College of Business and Management Sciences, the Career workshop also presented a platform to celebrate the academic achievements of the ten (10) Bachelor of Commerce students who graduated with First Class degrees-Honours Division during the Makerere University 75th Graduation ceremony held in January 2025.
Prior to the workshop, the Dean, School of Business, Dr. Godfrey Akileng in an interview with the College’s Communication Office, disclosed that celebrating the academic achievements of the students who obtained First Class degrees would inspire the current students to excel. In addition, Dr. Akileng noted that the presence of graduates who excelled at the Career workshop would lead to networking and peer mentorship possibilities with the current students.
During the Career workshop, speakers from Makerere University and ACCA Uganda re-affirmed their commitment to equipping graduates with the knowledge, skills and tools needed to excel in a rapidly evolving job market.
To understand the future of accountancy, students listened to presentations featuring the relevance of the accounting and finance in today’s job market by Dr. Eric Nzibonera; Insights on the collaboration with ACCA by Ms Charlotte Kukunda; Discussion of the global career opportunities in accounting and how ACCA supports professional development by Ms Jackie Mbabazi; and a keynote speech titled, An exploration of the skills and trends shaping the future of the accounting and finance industries in the 21st Century by Mr. Robert Busuulwa.
In his address, the Principal of the College of Business and Management Sciences, Prof. Edward Bbaale acknowledged the School of Business for proritising career talks and mentorship sessions for students.
“To the students, the Career workshop presents you with a chance to envision your career, and what you want to be, or what you want to study,” he said.
The Principal underscored the critical importance of bridging the gap between the academia and industry. He highlighted the instrumental role of partnerships, particularly the collaboration between Makerere University and ACCA in equipping students with globally competitive skills and certifications.
Prof. Bbaale emphasized that in the 21st century, this interface isn’t merely an option but “a necessity,” echoing the sentiments of both the keynote speaker, Mr. Robert Busuulwa, and ACCA partners.
He advised students to visualise themselves as “global candidates” and pursue their careers with diligence and passion, taking the lessons from the workshop seriously and seeking continuous professional development. Prof. Bbaale stressed the significance of “building oneself, moulding oneself” through education, training, and experience, advocating for a focus on human capital development over immediate financial gain.
He emphasized the importance of “volunteering to work” in orderto gain experience and build a professional network. He reaffirmed the College’s commitment to strengthening collaborations to ensure graduates are academically competent and well-prepared to navigate the evolving job market.
Dr. Eric Nzibonera, the Head, Department of Accounting and Finance at the College of Business and Management Sciences highlighted the significance of career guidance events for University students. He explained that career workshops provide a valuable opportunity for students to “make a choice about a particular career,” a privilege he noted was not always available to students in the past. Dr. Nzibonera believed the workshop was a chance for students to learn from experienced professionals, guiding them towards informed decisions about their future careers.
Convinced that the workshop presented a golden opportunity to students to learn from experienced professionals, Dr. Nzibonera called upon students to leverage such moments to listen to the respective presenters, prepare to ask questions on professionalism, accreditation and career paths.
Focusing on the relevance of accounting and finance in today’s job market, Dr. Nzibonera reiterated that the accounting profession is very central in the day to day lives of individuals. “Inall realms of business, in whatever you do, you need some scheme or some kind of accounting that works,” he remarked. He noted that this underlines the universal applicability of financial literacy, whether pursuing careers directly related to the field.
The Country Manager, ACCA Uganda, Ms Charlotte Kukunda informed the students who turned up in big numbers, that the Career workshop was anchored in the programmes and activities that Makerere University and ACCA Uganda agreed to undertake when both entities signed a Memorandum of Understanding (MoU) in July 2022.
Ms Kukunda affirmed that ACCA Uganda values its strategic partnership with Makerere University, which has been mutually beneficial and fruitful. To expound this argument, Ms Kukunda highlighted the achievements which included: 660 students enrolled for ACCA programme, curriculum reviews of Makerere University accounting programmes, re-accreditation of the Bachelor of Commerce Accounting in June 2022, annual recognition of best accounting students since 2022, tutor capacity building workshops conducted at the College, lecturers granted access to the Education Hub, and hosting of three student career workshops annually.
She outlined the areas of collaboration with Makerere University as follows: accreditation of accounting programmes, co-development of teaching programmes that align and support the University edge resources and professional insights, employability through supporting students’ career and skills development, access to ACCA member networks to support Makerere University guest lectures/panels/conference speakers, and faculty skills development support in their teaching, learning and assessment.
The Country Manager said the Career workshop is planned, deliberate and intentional because ACCA classifies Makerere University students as strategic business leaders who are being nurtured, trained and prepared to drive the economy. She clarified that the ACCA programme is not limited to only students studying accounting. According to Ms Kukunda, the ACCA programme embraces a broader range of disciplines and positions students for global competitiveness.
Ms. Kukunda encouraged students to explore the information resources on the ACCA website to tap into the opportunities that will enhance their financial acumen. She urged students to perceive themselves as global citizens. “When you perceive yourself as that, you are the right candidate for pursuing these globally accredited qualifications,” she said. She reinforced the value of connections and valuable networks with industry professionals, assuring students that their future is filled with potential and opportunities.
Feeding into Ms Kukunda’s presentation, Ms Jackie Mbabazi, the Business Relationship Manager at ACCA Uganda highlighted the significance of the ACCA qualification in shaping future leaders. She affirmed that ACCA is “a forward-thinking qualification” connected to vital sectors and stakeholders globally.
Ms. Mbabazi emphasized the global reach of the ACCA. “We are present in 180 countries. As you plan your professional journey, consider the ACCA qualification that is going to make you professional. Technology has enabled us to work beyond borders. Having globally recognized qualifications such as ACCA positions you to work globally,” she elaborated.
Ms. Mbabazi further pointed out the “forward-thinking qualification” attributes of ACCA. These include: Empowering individuals to be digitally relevant, creating ethical and trusted professionals, global recognition, professionals who add value, access to the most up to date syllabus on the market, and continuous learning for trainees as well as access to the global employability platform.
She also discussed the importance of adapting to technological advancements, stating, “You need to adapt and make sure technology is at the heart of what you are doing.”
Ms. Mbabazi articulated that ethics is at the centre of the ACCA programme. “ACCA programmes uphold ethics in building professionals. I urge you to avoid any form of fraud,” she emphasized.
The captivating presentations from the College of Business and Management Sciences and ACCA Uganda set the pace for the students to listen to a powerful keynote speech. Dr. Martin Bakundana introduced the keynote speaker, Mr. Robert Busuulwa, the founder and Managing Partner of Forvis Mazars in Uganda with over 30 years of tested and proven experience.
Mr. Robert Busuulwa’s keynote speech embodied words of wisdom and lived experiences that require an individual to be responsible for his or her destiny.
He guided the students that being successful is a personal choice and commitment. “If you want to be successful, dedicate time and study success,” he advised.
“When you plan to do something, focus and concentrate. Pursue your ambitions and career aspirations with determination and confidence,” he added.
He castigated the popular phrase where individuals believe that it is the government responsible for their success and development. That statements calling upon the government to “assist” individuals should be discarded. “True liberation is about understanding who you are, your strengths and weakness, and what you can do as an individual to leverage your strength,” he stated.
He emphasized the importance of acquiring relevant skills, urging students to consider what they needed to demonstrate to future employers, particularly in light of evolving trends such as AI, robotics, and big data. “What are the skills that you are expected to demonstrate?” he asked, reflecting on the broadening scope of skills in the field.
Using lively examples, the keynote speaker informed the audience that he had to create time to be at Makerere University on 1st April 2025 to speak to the students. He reported that he manages a very tight schedule, but if you want and value something, you work towards it, and ensure it is a possibility.
“I am here because I created time and convinced myself that I should join you today. I love mentorship and interacting with people. I love being here. I have to return to society, what it has given me through qualifications, life and experiences. Through this career workshop, I am exactly doing that,” he said.
Mr. Busuulwa shared anecdotes from his academic journey and connecting with young minds poised for the future. He reinforced the notion that the landscape of accounting has changed dramatically, moving from traditional number-crunching to roles involving Environmental, Social, and Governance (ESG) factors, financial crime, and IT consulting.
Mr. Busuulwa mentioned that with the trends in the accounting profession, students and practitioners are presented with diverse career paths.
Mr. Busuulwa encouraged students to understand and appreciate their potential. “Every one of you here has the potential. I urge you to believe in your capabilities,” he said. He cautioned students and young people in general against limiting beliefs. Citing the power of thinking and its effects on the choices that individuals make, he stated, “If you think you can’t do it, you will not.”
He inspired students to actively shape their careers, stressing the need for adaptability and continuous learning. He appealed to the students to always empower their minds and souls with positive statements such as “Whatever it is, I am going to be successful,” he remarked.
The Career workshop moderated by Ms Sylvia Namujjuzi, Assistant Lecturer at the College of Business and Management Sciences assisted by Mr. Jonathan Basalirwa, a third year student, ended on a high note with presentation of awards of excellence to the best ten (10) First Class Honours Division graduates, and a networking session involving the respective speakers and students.
The Principal thanked the Dean, School of Business- Dr. Godfrey Akileng, Dr. Eric Nzibonera, Ms Sylvia Namujjuzi, Mr. John Ogema, the Makerere University Accountancy Bureau, and the team from ACCA Uganda for organizing the Career workshop 2025.
The discussions involving Makerere University staff namely Prof. Edward Bbaale, Dr. Eric Nzibonera, ACCA Uganda-Ms Charlotte Kukunda and Ms Jackie Mbabazi, and the Keynote Speaker Mr. Robert Busuulwa emphasized the necessity of bridging the gap between academic training and real-world skills.
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