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Prudential, ACCA, EPRC award best CoBAMS students

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Makerere University in collaboration with three partner companies have recognized and awarded best performing business graduates of the 74th graduation who were conferred with bachelors and Masters in January.

The companies including Prudential Uganda, ACCA, and EPRC presented to graduates with cash prizes, mentorship and training opportunities in the companies.

The recognizing and awarding ceremony was held at the School of Business, Makerere University on March 12 from where 12 graduates from the College of Business and Management Sciences (CoBAMS) received their prizes.

While addressing the graduates and their parents, Prof Barnabas Nawangwe, the University Vice Chancellor, congratulated the awardees upon obtaining good degrees.

“It is very difficult to get a good Makerere degree. If you are being honoured you have got a first class, you must count yourself extremely clever and also blessed by God,” Prof Nawangwe said.

The VC said he has struggled to create a conducive learning environment for the students by restoring discipline among the students to connect them to the world.

“We have been trying hard to restore discipline and people didn’t know. So if you go anywhere in the world people know Makerere is a serious university and you will be considered favourably compared to other people.”

Prof. Barnabas Nawangwe addresses the graduates, their parents and guests. Prudential Assurance, ACCA Uganda and EPRC award ceremony for best performing business graduates, 12th March 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

Makerere has maintained partnership with companies already thriving in the industry to help students get exposed to the field of their work and also get opportunities through graduate training to gain experience.

Prof Nawangwe has signed several memorandums of understanding over the years with those companies and the relationship have been so helpful especially for self-growth of Makerere products.

“Our partners are in the industry understand it better than we do. When they come and inspire you, they add to what we have done here to encourage you and give you more confidence that you can go out in the world and serve humanity and succeed,” the VC told graduates.

He encouraged students to look out for opportunities across the world.

“We are living in a very competitive world because currently you may find there are around 200,000 students in Uganda with degrees and yet jobs are very scarce.”

He recalled in 1970s, when he was a student at Makerere and they were not more than 2000 people studying at the time and it was a sure deal for all of them to get employed somewhere.

A group photo at the end of the award ceremony. Prudential Assurance, ACCA Uganda and EPRC award ceremony for best performing business graduates, 12th March 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

He discouraged graduates against walking on the streets of Kampala looking for jobs and encouraged them to try out international opportunities and self-employment.

“The good thing the population in the rest of the world is going down. It is only in Africa where the population is going up. With the decrease in population, there are many countries where there is a big deficit of skilled workforce.”

Prof Eria Hisali, Principal COBAMS, pledged more support to this year’s academic giants and promised to provide them with all the necessary assistance they may need.

“We have quite a number of initiatives and when we call upon you to participate in some of them, please respond positively. We are still fully available to support you in any way possible,” Prof Hisali said.

Prof. Barnabas Nawangwe presents the EPRC Award to Mr. Sebuliba Jude as Prof. Eria Hisali and Ms. Fatumah Namubiru witness. Prudential Assurance, ACCA Uganda and EPRC award ceremony for best performing business graduates, 12th March 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

The principal lauded the VC for his tireless efforts to partner with different companies through MOUs he signs every now and then.

“For any MOU that comes his way, Prof Nawangwe has been there for us to sign them on behalf of the university,” he said.

Prudential Assurance

 The CEO of Prudential Assurance, Mr Tetteh Ayitevie congratulated the graduands saying “your relentless pursuit of knowledge and your unwavering determination have set you apart as the best and brightest in their field.”

Mr. Tetteh revealed that with the support of their Support Scheme, the awardees are not only receiving financial assistance but also mentorship and internship opportunities that will propel them towards success in their future endeavours.

Prudential Uganda rewarded the top five Actuarial Science students with $500 each.

Mr Tetteh Ayitevie addresses the graduates, their parents and guests. Prudential Assurance, ACCA Uganda and EPRC award ceremony for best performing business graduates, 12th March 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

Additionally, through the Prudential Actuarial Support Scheme (PASS), these students will receive scholarships fully covering their professional exam fees.

In total, Prudential Uganda has dedicated one hundred and thirty-five million shillings (UGX 135,000,000) to support the students.

The country Manager of ACCA Uganda, Ms Charlotte Kukunda, said while awarding the best student of Bachelor of Commerce, Mr ………………. And reminded the students of the exception that ACCA granted students of Commerce (Accounting). The students get 9 exceptions at ACCA level.

Ms Fatumah Namubiru from Economic Policy Research Centre (EPRC), congratulated the Sebuliba Jude, upon emerging the best Masters of Economics students and also called on the female students to strive hard to be among the best. Jude received a placement as a research fellow at EPRC and Shs1.5million. 

Best students

Jude Sebuliba, the best student in the Masters of Arts in Economics with CGPA of 4.95, said the conducive learning environment created space and time for them to read his books.

Prof. Barnabas Nawangwe, Prof. Eria Hisali and Mr Tetteh Ayitevie join the top five Actuarial Science students as they pose with a dummy cheque of UGX 135 million from the Prudential Actuarial Support Scheme (PASS) towards scholarships fully covering their professional exam fees. Prudential Assurance, ACCA Uganda and EPRC award ceremony for best performing business graduates, 12th March 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

“I dedicated much of my time to books, perseverance, God and parents were all part of my journey up to this milestone I have reached today,” Sebuliba said.

His research was about the impact of remittances to inflation in Uganda and his findings revealed that there is a positive impact between inflation and remittances.

 “Many people go out but we don’t know the impact of the money they get to our economy.”

The best Master’s student now is eyeing a PhD if any opportunity avails and is currently blessed with a job at the Economic Research Policy Centre of Makerere University where he is employed as a researcher.

Derrick Amanya, Bachelor of Commerce (BCOM) graduate, scored a first class of CGPA 4.54 and attributes excellence to hard work and group discussions.

The research he conducted from Mbarara District was about ‘How sustainability can be adopted in furniture” He looked at ways to make furniture that has metallic components in an effort to reduce deforestation in the country.

“My research found out that if certain components of furniture are used on metallic components, it can reduce on depletion of forests to up to 60 percent,” Amanya’s findings revealed.

The fresh graduate is now enrolled for CPA and he is sitting his first exams in June, thanks to great partners, the ACCCA.

Ms. Charlotte Kukunda presents the ACCA Award to Mr. Prosper Lwamasaka as his parents, Prof. Barnabas Nawangwe, Prof. Eria Hisali and Dr. Eric Nzibonera witness. Prudential Assurance, ACCA Uganda and EPRC award ceremony for best performing business graduates, 12th March 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

Anneliz Namuddu, B. Sc. Actuarial Science graduate, as well prioritized discussions after believing at University if you are not a part of any discussion group, you cannot understand the concepts.

“I always trusted God in addition to serious attention I gave to books and ensuring that she prepared for her exams in time not waiting for the last minute to panic.

Her research was about factors influencing expenditure among women in rural areas of Uganda. And used secondary data which she converted in to small variables that were convenient for her.

The research findings indicated the expenditure is mostly influenced by the sources of income women are getting and from the kind of family they are in.  Is it a single parent home or are they married.

“I thank Prudential for the scholarship they gave me to do the certification that confirms me to be a qualified actuary,” Namuddu said.

The best students B.sc Actuarial Science

  1.  Muhumuza Mark
  2. Kobugabe Michelle Audrey
  3. Uwera Ruth Michelle
  4. Bunjo Steven Hugh
  5. Namuddu Anneliz

Best students Bachelor of Commerce

  1. Lwamasaka Prosper
  2. Nanfuka Sheebah
  3. Amanya Derrick
  4. Birungi Mercy Olivia
  5. Kaganzi Devis
  6. Namubiru Phionak Rebecca

Best Master of Economics

  1. Sebuliba Jude

Betty Kyakuwa
Betty Kyakuwa

Business & Management

Public Investment Management Centre Concludes 4th Cohort Training on Financial Implications Guidelines

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Group photo of participants. Public Investment Management Centre of Excellence (PIMCoE), hosted by the College of Business and Management Sciences, Makerere University, Kampala Uganda, East Africa, training of its 4th cohort of public officers on User Acceptance Training on Guidelines for Clearance of Financial Implications, November 15, 2024.

The Public Investment Management Centre of Excellence (PIMCoE), hosted by the College of Business and Management Sciences at Makerere University, successfully concluded the training of its 4th cohort of public officers on November 15, 2024. This capacity-building program focused on the User Acceptance Training on Guidelines for Clearance of Financial Implications, a critical process mandated by Section 76 of the Public Finance Management Act (PFMA), 2015.

Under the PFMA, every bill presented to Parliament must include a Certificate of Financial Implications (CFI) issued by the Ministry of Finance, Planning and Economic Development (MoFPED). The preparation of the Statement of Financial Implications (SFI), which forms the basis for the CFI, is the responsibility of Ministries, Departments, and Agencies (MDAs). This statement provides detailed revenue and expenditure estimates and projected savings over a minimum of two years’ post-enactment.

Empowering MDAs with Essential Skills

The training sessions, which began last week and will continue into the following week, aim to equip MDAs with the skills required to prepare robust SFIs. These competencies are essential for MoFPED Budget Analysts to review and draft CFIs or Letters of Financial Clearance effectively.

A section of participants. Public Investment Management Centre of Excellence (PIMCoE), hosted by the College of Business and Management Sciences, Makerere University, Kampala Uganda, East Africa, training of its 4th cohort of public officers on User Acceptance Training on Guidelines for Clearance of Financial Implications, November 15, 2024.

The 4th cohort comprised officers from key institutions, including the Ministry of Lands, Ministry of Agriculture, National Environmental Management Authority (NEMA), Uganda Land Commission, Ministry of Local Government, National Agricultural Research Organization (NARO), and the Ministry of Kampala, among others.

A Step Toward Transparent and Accountable Governance

Speaking at the closing ceremony, Mr. Moses Sonko, Principal Economist at MoFPED, commended the initiative and acknowledged the value it brings to Uganda’s public policy and legislative processes. Representing the Permanent Secretary of MoFPED, Mr. Sonko highlighted the importance of the training in strengthening governance frameworks.

“This training was developed to equip us with tools and knowledge essential for our roles in ensuring that Uganda’s policy and legislative proposals are financially sound, transparent, and align with national priorities,” Mr. Sonko remarked. He encouraged participants to apply their newly acquired skills to enhance policy preparation and implementation.

Mr Sonko addresses trainees at the close of the training. Public Investment Management Centre of Excellence (PIMCoE), hosted by the College of Business and Management Sciences, Makerere University, Kampala Uganda, East Africa, training of its 4th cohort of public officers on User Acceptance Training on Guidelines for Clearance of Financial Implications, November 15, 2024.
Mr Sonko addresses trainees at the close of the training.

He also emphasized the multi-dimensional nature of the training, which enables officers to identify the financial, social, environmental, and economic impacts of proposed bills and policies.

Participant Feedback

Participants expressed their enthusiasm and gratitude for the training. Mr. Davis Kwizera from the National Animal Genetic Resources Centre and Data Bank (NAGRC&DB) shared his positive experience, stating: “This training has offered a wealth of knowledge and an in-depth understanding of policy processes. It will significantly enhance our ability to prepare relevant policy documents. If you’ve taken the courses on Financial and Risk Analysis as well as Investment Appraisal and Risk Analysis, this program completes the package.”

The new guidelines for the clearance of financial implications will officially take effect in July 2025. PIMCoE remains committed to building the capacity of public officers to ensure that Uganda’s legislative and policy frameworks are underpinned by sound financial and risk analyses, fostering a culture of accountability and sustainable development.

For more updates on PIMCoE programs and upcoming training sessions, visit PIMCoE’s official website.

Betty Kyakuwa
Betty Kyakuwa

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Business & Management

CoBAMS Hosts Workshop to Review Parish Development Model

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Participants pose for a group photo after the workshop. Stakeholders, researchers, and policymakers workshop to discuss the progress and emerging issues in the implementation of Uganda’s Parish Development Model (PDM), 12th November 2024, Council Room, Main Building, Makerere University, Kampala Uganda, East Africa.

In a pivotal workshop held at Makerere University on November 12, stakeholders, researchers, and policymakers gathered to discuss the progress and emerging issues in the implementation of Uganda’s Parish Development Model (PDM). This transformative model, conceptualized by Prof. Ezra Suruma, aims to tackle some of Uganda’s most pressing socio-economic challenges: poverty, unemployment, and limited access to essential services, particularly in healthcare and agriculture.

Prof. Suruma, the architect of PDM, underscored the crucial role of researchers in creating wealth-empowering strategies for Ugandans. “The PDM is designed to eradicate poverty, promote economic inclusion, improve service delivery, and modernize agriculture,” Prof. Suruma stated. He highlighted that the model not only provides a pathway for Uganda’s rural households to participate in the economy but also aims to address the underlying issues that leave many citizens unable to afford basic needs.

Prof. Ezra Suruma (Right) and Prof. Barnabas Nawangwe (Left) at the event. Stakeholders, researchers, and policymakers workshop to discuss the progress and emerging issues in the implementation of Uganda’s Parish Development Model (PDM), 12th November 2024, Council Room, Main Building, Makerere University, Kampala Uganda, East Africa.

The Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe, commended Prof. Suruma’s visionary leadership and the significant impact PDM is expected to have on communities across Uganda. “The PDM stands as one of the largest government interventions aimed at eradicating poverty and uplifting communities,” he remarked. Prof. Nawangwe also emphasized Makerere University’s commitment to supporting PDM through the PDM Lab hosted by the College of Business and Management Sciences (CoBAMS), which serves as a hub for real-time data analysis to guide the implementation of PDM activities across the country.

The PDM Lab at CoBAMS, led by Prof. Eria Hisali and funded by the United Nations Development Programme (UNDP), is instrumental in collecting, analyzing, and interpreting data that can shape PDM policies at the grassroots level. During the workshop, Dr. Suruma extended his appreciation to UNDP for their support and acknowledged the researchers for their efforts in generating valuable insights into the effectiveness of PDM.

Part of the audience at the event. Stakeholders, researchers, and policymakers workshop to discuss the progress and emerging issues in the implementation of Uganda’s Parish Development Model (PDM), 12th November 2024, Council Room, Main Building, Makerere University, Kampala Uganda, East Africa.

Despite Uganda’s notable economic growth in recent years, poverty remains a persistent challenge, with a significant portion of the population struggling to meet basic needs. Unemployment rates, especially among youth, are high, limiting economic opportunities for the country’s largest demographic. Access to healthcare, particularly in rural areas, is another critical issue, with many Ugandans unable to afford or reach essential medical services. These challenges underscore the need for initiatives like the PDM that are designed to create sustainable economic opportunities, improve household incomes, and ensure equitable access to services.

“PDM seeks to empower households to create wealth, ultimately reducing dependence on subsistence farming and encouraging local economic development,” Prof. Suruma emphasized. He believes that the model’s holistic approach will foster greater self-sufficiency among Uganda’s communities by addressing poverty from multiple angles, including agricultural modernization, financial literacy, and service accessibility.

Part of the audience at the event. Stakeholders, researchers, and policymakers workshop to discuss the progress and emerging issues in the implementation of Uganda’s Parish Development Model (PDM), 12th November 2024, Council Room, Main Building, Makerere University, Kampala Uganda, East Africa.

As the workshop concluded, participants expressed optimism about PDM’s potential to drive sustainable change. Prof. Nawangwe reiterated Makerere University’s dedication to supporting this national initiative, affirming that the PDM Lab will continue to play a key role in assessing and enhancing the model’s effectiveness.

The Parish Development Model offers a beacon of hope for millions of Ugandans striving for a better quality of life, aligning with Uganda’s broader aspirations for economic growth, social equity, and sustainable development.

Betty Kyakuwa
Betty Kyakuwa

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Study Explores PPPs for Sustainable Development in Uganda’s Tourism and Health Sectors

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Prof. Akileng addresses the participants of the workshop. Research dissemination workshop by Dr. Jude Thaddeo Mugarura, lecturer and researcher, study "Managing the Public Private Partnership (PPP) Operating Environment for Sustainable Service Delivery in Uganda’s Tourism Sector" and Simon Peter Kyomuhendo, findings on “Public Private Partnership Adoption, Local Content Utilization, and Value for Money in the Ugandan Health Sector.” 11th November 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

On November 11, 2024 the School of Business held a research dissemination workshop led by Dr. Jude Thaddeo Mugarura, a lecturer and researcher whose study focused on “Managing the Public Private Partnership (PPP) Operating Environment for Sustainable Service Delivery in Uganda’s Tourism Sector.” The event also featured research by his student, Simon Peter Kyomuhendo, who presented findings on “Public Private Partnership Adoption, Local Content Utilization, and Value for Money in the Ugandan Health Sector.”

Both studies, which delve into the role of PPPs in two crucial sectors—tourism and health—aim to provide insights into how strategic partnerships between public and private entities can address pressing service delivery challenges in Uganda. Dr. Mugarura’s study in the tourism sector emphasized the importance of a stable operating environment for PPPs, highlighting the need for clear policies, regulatory support, and sustainable practices that allow both public and private stakeholders to thrive. His research suggests that a conducive PPP environment is essential for Uganda’s tourism sector to achieve sustainability, attract international visitors, and create job opportunities, while preserving the country’s cultural and natural heritage.

Dr. Jude making his presentation. Research dissemination workshop by Dr. Jude Thaddeo Mugarura, lecturer and researcher, study "Managing the Public Private Partnership (PPP) Operating Environment for Sustainable Service Delivery in Uganda’s Tourism Sector" and Simon Peter Kyomuhendo, findings on “Public Private Partnership Adoption, Local Content Utilization, and Value for Money in the Ugandan Health Sector.” 11th November 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Dr. Jude making his presentation.

Kyomuhendo’s research, titled “Public Private Partnership Adoption, Local Content Utilization, and Value for Money in the Ugandan Health Sector,” explored how PPPs can improve value for money (VFM) in healthcare delivery by encouraging local content utilization. His findings revealed a positive correlation between PPP adoption and VFM in healthcare, suggesting that well-structured partnerships can enhance efficiency and service quality. However, he noted that while PPPs support infrastructure development and resource allocation, local content utilization does not always have a strong moderating effect on VFM, indicating potential areas for policy improvement to ensure meaningful local engagement.

Dean of the School of Business, Prof. Godfrey Akileng, lauded the researchers for their dedication to tackling critical issues in Uganda’s development sectors. “These studies bring much-needed evidence to the table, demonstrating the potential of PPPs to transform our tourism and health sectors,” Prof. Akileng remarked. He emphasized that such research is pivotal to Makerere University’s commitment to producing actionable knowledge that aligns with Uganda’s national development goals.

Group photo of the participants. Research dissemination workshop by Dr. Jude Thaddeo Mugarura, lecturer and researcher, study "Managing the Public Private Partnership (PPP) Operating Environment for Sustainable Service Delivery in Uganda’s Tourism Sector" and Simon Peter Kyomuhendo, findings on “Public Private Partnership Adoption, Local Content Utilization, and Value for Money in the Ugandan Health Sector.” 11th November 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Group photo of the participants.

Prof. Akileng extended his gratitude to the Carnegie Corporation of New York for supporting these projects, acknowledging that their funding was instrumental in advancing impactful research. “The generosity of our donor has enabled us to conduct thorough research and share insights that will inform policy and guide sustainable development efforts in Uganda,” he added.

The workshop encouraged discussion among participants, including policymakers, private sector representatives, and university staff, on the importance of PPPs in creating a resilient service delivery model. Dr. Mugarura highlighted the need for continual assessment of the PPP framework to adapt to evolving economic and social demands. He recommended that the government prioritize regulatory improvements and capacity building for local firms to enhance their role in PPP projects.

Participants listen to the presentation. Research dissemination workshop by Dr. Jude Thaddeo Mugarura, lecturer and researcher, study "Managing the Public Private Partnership (PPP) Operating Environment for Sustainable Service Delivery in Uganda’s Tourism Sector" and Simon Peter Kyomuhendo, findings on “Public Private Partnership Adoption, Local Content Utilization, and Value for Money in the Ugandan Health Sector.” 11th November 2024, Conference Room, Room 2.2B, Level 2, School of Business, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Participants listen to the presentation.

The dissemination workshop concluded with a collective call for increased collaboration between the public and private sectors. Both researchers emphasized that strategic partnerships hold the key to addressing Uganda’s service delivery challenges and achieving sustainable growth in tourism and healthcare.

Betty Kyakuwa
Betty Kyakuwa

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