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.
General
From Campus to Career: Makerere Advancement Office, 91st Guild and the DFCU Foundation Equip Students with Financial and Employability Skills
On 4th December, 2025, over 200 final-year students gathered at the School of Pharmacy Auditorium for the highly engaging Career & Financial Literacy Symposium, hosted by the 91st Students’ Guild, in partnership with the Makerere Advancement Office and the DFCU Foundation.
The symposium centred on student advancement through strategic partnership, convening students, administrators and development partners for a practical conversation on career readiness, financial literacy, employability, and personal development.
Advancement Through Partnerships
Speaking on behalf of the Makerere Advancement Office, Mr Awel Uwihanganye, Chief Advancement Officer, underscored the importance of partnerships such as the one with DFCU Foundation. He highlighted their importance in equipping students with marketplace skills and opportunities vital for individual growth after University.
He reflected on the university journey as a formative period for ideas, innovation, and lifelong relationships, noting that:
“University is where impressions are made, and future networks are born. The friendships, character, and collaborations you develop here become foundations for careers, enterprises and leadership later in life.”
Mr. Uwihanganye encouraged students to embrace entrepreneurship, creativity and innovation, arguing that the emerging workforce is driven by technology, multi-tasking ability and idea generation rather than traditional single-path employment. He challenged students to build businesses, use digital platforms productively, and regard employment as only one income stream, not the only one.
The Student Perspective — Discipline, Skills and Trust
Speaking on student growth and personal development, Dr. Rodney Rugyema, Deputy Dean of Students, highlighted the realities facing new graduates, especially those entering the job market for the first time. With humour and honesty, he urged students to approach growth intentionally and responsibly.
He called for delayed gratification, financial discipline and long-term decision-making, reminding students that wealth is built, not wished for. He emphasised the importance of skills beyond academic papers, stating that students must be equipped to create value, adapt, learn continuously, and gain competence relevant to modern work demands.
Dr. Rugyema underscored that trust, integrity and reliability remain the most non-negotiable pillars of professional advancement.
“Let people trust you enough to lend you an opportunity. Be a person who delivers. Your reputation is currency; it travels to rooms you are not in.” He noted
Financial Literacy for the Next Generation
The keynote training session was delivered by Mr. Simon Omara, Business Advisor representing the DFCU Foundation, who walked students through a highly practical presentation on financial planning, savings culture, credit management, record-keeping, career positioning and entrepreneurship.
With more than 10,000 graduates annually and less than 35% securing employment within the first year, Mr. Omara challenged students to practice financial and career ownership early. His presentation explored:
Key Competencies Students Must Build
- Financial management with a focus on budgeting, saving, and investing early
- Career readiness, CV development, interview skills, and personal branding
- Entrepreneurship and income diversification
- Record keeping and credit management
- Professional conduct and workplace preparation
He reminded students that the future belongs to those who are financially literate, skilled, trusted and entrepreneurial. Through relatable examples and actionable frameworks such as the 70–20–10 rule, the 7-second CV scan, and the 90-day post-graduation growth plan, Mr. Omara equipped participants with practical knowledge they could act upon immediately.
Why This Symposium Matters
This event stands as a testament to the power of partnership-driven student advancement, a core mandate of the Makerere Advancement Office. By convening industry partners like DFCU Foundation, the University continues to ensure that students graduate not only with knowledge, but with tools and readiness for opportunity.
The symposium strengthened linkages between academia and the labour market, expanded students’ perspective on financial independence, and emphasised the value of entrepreneurship, networks and character in shaping future leadership
The Makerere Advancement Office remains committed to facilitating opportunities that empower students to thrive beyond the gates of the University, through partnerships, mentorship, capacity-building, and exposure to real-world skillsets.
“ A degree alone is no longer enough. With partnership, preparation and purpose, our students can build futures anchored in knowledge, opportunity and resilience.” Mr Awel Uwihanganye noted during his remarks.
Caroline Kainomugisha is the Communications Officer, Makerere Advancement Office
Makerere University on 3rd December, 2025 hosted the Tumusiime Mutebile Annual Lecture, a tradition established to honour the life and legacy of the late Prof. Emmanuel Tumusiime-Mutebile, an outstanding alumnus and former Governor of the Bank of Uganda who passed away in 2022. The lecture not only reflects on his remarkable contribution to Uganda’s economic leadership, but also highlights how innovation, resilience, and intergenerational vision can shape Africa’s future.
This year’s edition was anchored on three key pillars—intergenerational leadership, economic resilience, and the power of innovation—themes that defined Prof. Mutebile’s career and continue to influence national development. Through this annual series, the University upholds his memory while also celebrating other African leaders whose work has left a lasting mark on the continent, using their legacies to inspire thoughtful dialogue, policy reflection, and the next generation of transformative thinkers.
Celebrating an Enduring Legacy
In her remarks, the Acting Vice Chancellor, Prof. Sarah Ssali, reflected on Prof. Mutebile’s lifelong commitment to excellence, integrity, and the transformative power of education. She highlighted his journey from a student leader at Makerere to one of the country’s most influential economic thinkers, noting how his leadership in monetary policy, fiscal reform, and economic stabilization reshaped Uganda’s economic trajectory.
Prof. Ssali emphasized that this public lecture series not only honours Mutebile’s legacy but also bridges academia and practice—challenging students, scholars, and national leaders to pursue knowledge that serves the public good. She expressed gratitude to the Bank of Uganda under Dr. Michael Atingi-Ego, dfcu Bank, the GRO Foundation, the Mutebile family, and the Advancement Office for their continued support in sustaining a platform that nurtures economic thought leadership and inspires future generations.
Rt. Hon. Emeritus Amama Mbabazi, a lifelong friend and contemporary of the late Prof. Emmanuel Tumusiime-Mutebile, delivered a deeply personal reflection during the lecture. He recalled their shared beginnings as young student leaders at Makerere, their early political activism, and the historical moments that shaped both their lives and the nation. Speaking as both confidant and colleague, he emphasized Mutebile’s disciplined approach to economic policy, his unwavering belief in strong, accountable institutions, and his commitment to evidence-based, long-term decision making. Mbabazi outlined three pillars of Mutebile’s legacy—policy integrity, institutional strength, and leadership that prepares the next generation—values he affirmed are central to the work of the Tumusiime Foundation, which he now chairs.
He underscored the critical role of the private sector in Africa’s transformation, stressing the need for productivity-driven economies, skilled young people, and policy ecosystems that encourage innovation. He further called for intergenerational leadership that deliberately transfers knowledge, builds enduring institutions, and creates real opportunities for young Africans to lead. In closing, he urged academia, policymakers, and industry to work in partnership, noting that Africa’s progress depends on disciplined leadership, investment in human capital, and a shared commitment to building a future stronger than the present.
Fiscal Policies that have stood the test of time
The Governor of the Bank of Uganda, Dr. Michael Atingi-Ego, honored the late Prof. Emmanuel Tumusiime-Mutebile with a heartfelt tribute, praising him as “a great tree whose roots ran deep beneath the soil of this nation, nourishing all who followed.” He noted that Uganda continues to benefit from the “shade” of the policies Mutebile planted during his 21-year tenure—policies that stabilized the economy, strengthened institutions, and protected the financial system through multiple crises. He highlighted Mutebile’s role in restoring price stability through cash budgeting, bringing inflation down from triple digits to single digits, guiding the country through the 2008 global financial crisis with disciplined monetary policy, and maintaining public trust during the 2011 inflation spike through clear and transparent communication.
Dr. Atingi-Ego also credited him for steering Uganda safely through the COVID-19 pandemic by introducing liquidity support for banks, credit relief for borrowers, and targeted foreign exchange interventions. Reflecting on Mutebile’s long-term impact, the Governor remarked, “These are the ideas he planted—he never lived to enjoy the shade of the tree, but today, the country rests under it.” He further celebrated Mutebile’s commitment to innovation, citing the 2016 amendments to the Financial Institutions Act that unlocked agency banking, bancassurance, and Islamic banking—reforms that today anchor Uganda’s impressive financial inclusion gains.
Intergenerational Leadership blends agility and emotional intelligence
Eng. Dr. F. F. Tusubira delivered a compelling and deeply reflective keynote, grounding the theme “Intergenerational Leadership, Economic Resilience and the Power of Innovation” in both history and lived institutional experience. He expressed serious concern that although Africa is the world’s youngest continent—with over 65% of its population below 35—its systems continue to sideline young people from leadership and national decision-making, even as they are repeatedly called “leaders of tomorrow.” He argued that this generational exclusion is not merely unfair but dangerous, warning that nations cannot secure economic resilience while locking out the very demographic best equipped to navigate a rapidly evolving, technology-driven world.
Drawing on African proverbs, global case studies, and personal anecdotes from Makerere and national institutions, he demonstrated how younger generations bring idealism, agility, innovation, and risk-taking—qualities essential for competitiveness—while older generations contribute emotional intelligence, institutional memory and a heightened sense of danger. He emphasized that progress requires blending these strengths through deliberate structures: fair representation of youth in boards and executive spaces, shared decision-making, reverse mentorship, and an institutional culture that values every generational perspective.
Dr. Tusubira also highlighted the urgent need for education reform, criticizing the continent’s entrenched “learning to pass exams” culture and calling for systems that cultivate creativity, problem-solving, and technical capability. He cautioned that without investing in human capital, digital literacy, and inclusive innovation ecosystems, Africa risks losing the very foundation of future competitiveness. His message was clear and powerful: intergenerational leadership is not optional—it is a survival strategy for institutions, businesses, and nations, especially in an era where, as he quoted, “it is not the strongest who survive, but those most responsive to change.”
The lecture was further enriched by an engaging panel discussion, which was moderated by Prof. Edward Bbaale, the Principal, College of Business and Management Sciences. He opened the discussion by deliberately centering today’s students and emerging leaders, framing the session as an intellectual reflection on the life, values and legacy of the late Prof. Emmanuel Tumusiime-Mutebile. He positioned the lecture’s theme — Shaping Africa’s Future: Intergenerational Leadership, Economic Resilience and the Power of Innovation — as urgent and practical, and introduced a cross-disciplinary panel whose expertise mirrors that urgency: Eng. Dr. F. F. Tusubira, Mr. Charles Mudiwa the Managing Director Dfcu Bank, and Prof. Faisal Buyinza the Ag. Dean, School of Economics.
Prof. Bbaale’s moderation enabled panelists to offer guidance on structural and cultural barriers to youth inclusion, the role of institutions in building resilience, and how academia, industry and policy can work together to turn innovation into jobs and scalable solutions — all the while reserving time for direct audience engagement and practical policy takeaways. Collectively, the panelists urged dismantling age-biased barriers and credential rigidities, creating new entry points and “tables” for youth leadership, scaling finance and training for startups and agribusiness, reforming pedagogy to prioritise skills and creativity, and deepening public-private-academic partnerships so innovation becomes inclusive growth rather than isolated experimentation.
The Family’s heartfelt appreciation
Mrs. Betty Tumusiime-Mutebile delivered heartfelt closing remarks, offering gratitude on behalf of the family and the Tumusiime-Mutebile Foundation. Speaking with deep emotion, she reflected on the late Professor’s character—his honesty, humility, hard work, and unwavering commitment to service above self. She thanked Makerere University, the Bank of Uganda, the Foundation’s leadership, and the many friends and colleagues who have continued to uphold his legacy, noting that although nearly four years have passed since his departure, his memory remains vivid and powerful for the family.
She recalled his devotion to both his public duty and his home, sharing personal stories of his leadership within the family and his steadfast faith that shaped their daily lives. Mrs. Tumusiime-Mutebile also highlighted the Foundation’s ongoing work in youth skilling, ethical governance, and private-sector development—initiatives rooted in his own vision. She concluded by inviting continued partnership to sustain the legacy he built, and led the gathering in singing his favourite chorus, a tender tribute to a man whose influence, she said, endures through the lives he touched.
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