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CoBAMS Annual Report 2023

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The overall objective of our operations and strategy is to position the College as a relevant and sustainable institution of international standing with high caliber staff, an active presence in public policy research and formulation, and contribution to the community. This report highlights the main activities that have taken place over the year 2023 in fulfillment of the College’s objective.

Strategic initiatives

The College continued to pursue plans to expand and remodel its infrastructure facilities. The Feasibility Study for the proposed infrastructure expansion and remodeling project got approval of the Development Committee of the Government of Uganda in March 2023. A budget code for the project was assigned to the project shortly afterwards. Engagements are underway to secure funding for the project starting the 2024/2025 financial year.

The College also continued to strengthen its Endowment Fund. Fifty million shillings was added to the Fund over the course of the year and an exercise to reconcile the amount of money held on the Main Endowment Fund of the University was embarked on. We still await an opportunity for the formal launch of the Fund to pave the way for a more structured capital campaign.

Teaching and learning

The College took steps to strengthen its quality assurance framework. The College established a Quality Assurance Committee to oversee the quality of its operations across the Board. It also embarked in automation of workflow processes in the administrative and support functions. The College also continued to support student led discussion groups and engaged Graduate Fellows at each of its Departments.

Three thousand new students took up programs at the College in the course of the year while the College presented one thousand six hundred sixty eight candidates for graduation.

The CoBAMS Library continued to subscribe to The Economist & Harvard Business Review magazines – both the print & electronic versions. The Library also acquired 366 Titles and 395 copies of textbooks purchased and delivered from the Book Bank; and 26 titles & 41 copies of textbooks purchased by the College.

Brand visibility

The quality of programmes and staff are ranked highly. Students on the Master of Arts Degree in Economics emerged the best performing of the seven premier universities on the continent at the Joint Facility for Electives (JFE). This program is run on a collaborative arrangement where students take core courses at their universities for one academic year after which the elective courses are taught jointly. Staff from the College served as visiting lecturers and external examiners at other institutions. Staff from the college produced over 200 new publications and facilitated at various panel discussions and policy dialogues.

Collaborations, partnerships and grants

The College concluded a Memorandum of understanding with the Human Resource Management Association of Uganda (HRMAU), which aims to train prospective HR practitioners on professional conduct to bridge the gap between theory and practice.

The School of Economics collaborated with the University of Oxford to host the 2023 workshop on Economic Development in Africa. The four-day workshop brought together scholars across Africa, Europe, and North America. Thirty one frontier papers on Economic Development in Africa were presented cutting across, Trade, Health, Natural Resources and Environment, Political Economy, Poverty, Productivity, Fiscal & Monetary Policy, and Agriculture among others. Staff and graduate students had parallel training sessions on Survey Design and Data Collection for Gender Analysis (Lead by Cheryl Doss, Tufts University), Introduction to Structural Transformation and Growth (Lead by Douglas Gollin, University of Oxford and Tufts University, and Joe Kaboski, University of Notre Dame), and Randomised Control Trials (Lead by Clare Hofmeyr, J-PAL Africa). Faculty from the University of Tufts and the University of Notre Dame are exploring the possibility of teaming up with faculty at MakSOE to support Macroeconomics at the PhD level. This could extend to supervising PhD research within the space of structural transformation. The funding is likely to be from Structural Transformation and Economic Growth (STEG) of which the two persons I met are the principals behind STEG. The CSAE committed to partnering with MakSOE to offer demand-driven policy advice to GoU and to continue mentoring young faculty and graduate students who are keen to climb the research radar.

The College also collaborated with the United Nations Development Program (UNDP) Uganda to undertake consultations for 2023 Human Development Report.

The College also got additional exemptions from ACCA Global for the Bachelor of Commerce students. Going forward, students graduating with the Bachelor of Commerce Accounting Option will get nine of the 13 courses required for full ACCA qualification.

The College hosted a breakfast meeting with a section of government agencies to deliberate on areas of mutual interest. This has resulted in MoUs with the Uganda Manufacturer’s Association, the Uganda Revenue Authority and the Kampala Capital City Authority. These initiatives will create platforms through which the parties will among other things:

  • pursue joint research, publishing research findings, write background policy papers, and promote outreach to the relevant state and non-state actors;
  • collaborate on knowledge transfer & staff exchange programs to impart more practical skills on both parties;
  • organize and participate in joint activities such as seminars, workshops and conferences aimed at imparting practical skills, knowledge transfer and re-tooling; and,
  • collaborate on the review and development of the CoBAMS curriculum to reflect more practical/workplace content for students.

This was in addition to a number of outreach activities that were undertaken by various Centers housed at the College. The Entrepreneurship and Innovations Center for example equipped PDM beneficiaries in Makerere North and Katanga with a range of skills in the areas of bookkeeping, marketing, financial management, etc. The Public Investment Management Center has over the course of the year trained over 120 public officials in various aspects of public investment management ranging from ideation and conceptualization to the more advanced economic and financial analysis of public investment projects. The Environment for Development Center undertook seven outreach activities in different parts of the country and organized three policy dialogues on climate change and the environment. The School of Statistics and Planning also cohosted an international conference on “Aging and Health of Older Persons in Sub-Saharan Africa’ in February 2023.

Researchers at the College won six new institutional research grants, and one staff member developed a new academic concept, which is currently under the process of patenting and copyrighting at the Uganda Registration Services Bureau. The College is also leading the process of the PDM Policy Labs and there are ongoing discussions with the Office of the Prime Minister to convert recommendations of the studies into policy actions.

Human resources capacity development and strengthening

Seventeen Colleagues were promoted to various ranks in the University service in the course of the year 2023. The College provided seven (05) in-house capacity development programs for the support and administrative staff and an orientation of newly appointed staff. Fifteen academic staff members are currently pursing doctorate degrees. Seven staff members acquired PhD qualifications while ten were promoted to various ranks in the University Service. The College also received eight new staff in the course of the year.

Team building sessions were organized for the Schools of Economics and Business, but at which strategic direction of the schools was deliberated. The College leadership organized a retreat to deliberate on the strategic human resources and quality assurance issues as a basis for shaping the future of the College.

Financing

In as much as resources are insufficient and a number of facilities require improvement, all outstanding financial obligations were offset in a timely manner.

Conclusion

I want to thank all my colleagues at the College, and the Management and Council, and indeed all our stakeholders. These milestones have been only possible because of all of you. We look forward to maintaining an environment where we can continue to aim higher and do more together.

Eria Hisali (PhD)
PRINCIPAL

Betty Kyakuwa
Betty Kyakuwa

Business & Management

ERASMUS+ KA171 International Credit Mobility 2024-2027

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An aerial photo of the School of Statistics and Planning (Right) and other colleges CEDAT, CoNAS, CAES, Makerere University, Kampala Uganda

Arising from an existing Memorandum of Understanding (September 2021) between University of Padova, Italy (UniPd) and Makerere University (Mak), the two institutions partnered and were jointly granted funding for the Erasmus+ KA171 international credit mobility for students and staff, 2024-2027. At Mak, the Departmental Flow Coordinator is Felix Wamono (PhD) and the project Principal Investigator is Saint Kizito Omala (PhD), both of Department of Statistical Methods and Actuarial Science (DSMAS).

In this regard, the Department of Statistical Methods and Actuarial Science wishes to announce opportunities for students and staff credit mobility to the Department of Statistical Sciences, University of Padova, Italy for the Winter Semester, October 2025 – February 2026.

The selection process shall entail five-steps:

Step 1: Submission of documents by candidates for nomination, with an internal deadline of April 21st, 2025, 05.00 p.m. (EAT) to allow for time to process nomination applications;
Step 2: Nomination of candidates who would have applied for nomination;
Step 3: Submitting the list of nominated candidates, by April 28th, 2025, to the International Projects and Mobility Office of the University of Padua, Italy;
Step 4: Eligibility check and communication to successful candidates by the International Projects and Mobility Office of the University of Padua, Italy; and
Step 5: Application for the Mobility opportunity by successful candidates.

Inquiry

Reach out to Dr. F. Wamono on +256 772 467206 Dr. S.K. Omala via +256 772 491545 before April 21st, 2025.

See below for detailed advert.

Mak Editor

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Business & Management

Government Officials Equipped with Critical Skills in Financial Appraisal and Risk Analysis

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Participants, facilitators and officials from MoFPED pose for a group photo after the training on 11th April 2025. Close of two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, 11th April 2025, Pearl on the Nile Hotel, Jinja Uganda, East Africa.

A two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) concluded today April 11, 2025 at the Pearl on the Nile Hotel in Jinja. The training, delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, sought to bridge long-standing capacity gaps in the preparation, appraisal, and review of public sector projects.

The event was officially closed by Dr. Hennery Ssebukeera, representing the Permanent Secretary and Secretary to the Treasury at the Ministry of Finance, Planning and Economic Development (MoFPED). Dr. Ssebukeera highlighted that the training was designed in response to a comprehensive needs assessment, which revealed persistent gaps in government officers’ abilities to carry out cost-benefit and cost-effectiveness analyses, and to prepare or assess pre-feasibility and feasibility studies.

One of the participants receives a certificate from Dr. Hennery Ssebukeera who represented the PSST, as Ms. Esther Ayebare, Assistant Commissioner PAP and Prof. Eria Hisali Look on. Close of two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, 11th April 2025, Pearl on the Nile Hotel, Jinja Uganda, East Africa.
One of the participants receives a certificate from Dr. Hennery Ssebukeera who represented the PSST, as Ms. Esther Ayebare, Assistant Commissioner PAP and Prof. Eria Hisali Look on.

“Many government projects have not been properly appraised due to limited internal capacity,” Dr. Ssebukeera stated. “Too often, we rely on external consultants to prepare feasibility studies, yet our officers are not adequately equipped to interrogate or validate those studies.” He expressed confidence that participants now possess practical skills to analyze topics such as risk analysis, financial modelling, discount rates, project finance, and consumer surplus. “You are now in a position to not only prepare but also critically evaluate complex project documentation,” he added.

Ms. Esther Ayebare, Acting Assistant Commissioner in the Public Investment Management Department at MoFPED, acknowledged the participants’ dedication and active engagement. “As the unit that hosts the Development Committee, we are pleased that this training has added critical skills to help you prepare and submit viable public projects,” she said, calling on the participants to be part of building a sustainable pipeline of investment-ready projects.

Participants attending the training. Close of two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, 11th April 2025, Pearl on the Nile Hotel, Jinja Uganda, East Africa.
Participants attending the training.

In his remarks, Dr. John Sseruyange, Manager of the PIM CoE, emphasized that this training is only the beginning. “While we’ve now completed the financial appraisal component, the next step is Economic Appraisal and Stakeholder Analysis—where we evaluate a project’s broader impact on society and the economy,” he said. He also extended appreciation to the Government of Uganda, particularly MoFPED, for funding the training, as well as to Ms. Esther Ayebare and other facilitators for their unwavering commitment.

Prof. Eria Hisali, who represented the Principal of the College of Business and Management Sciences, praised the participants for navigating what would typically be a semester-long course within just two weeks. “This is a practical, work-oriented training. The knowledge you’ve gained here should be applicable immediately,” he said. He further invited the graduates to attend the upcoming Public Investment Management Conference in August 2025 to share their experiences and provide feedback.

Participants attending the training. Close of two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, 11th April 2025, Pearl on the Nile Hotel, Jinja Uganda, East Africa.
Participants attending the training.

Participants also expressed their gratitude. One quoted the Quran, saying, “Whoever gives you knowledge has given you everything,” in appreciation of the facilitators and the opportunity to learn.

The PIAR program, jointly implemented by Makerere University, MoFPED, the National Planning Authority (NPA), and Cambridge Resources International (CRI), includes two modules: the just-completed Financial Appraisal and Risk Analysis, and the upcoming Economic Appraisal and Stakeholder Analysis. As Uganda continues to push for better value from public investments, trainings like this are building a critical mass of experts who will ensure that every shilling invested delivers real impact.

Betty Kyakuwa
Betty Kyakuwa

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Business & Management

Makerere and MoFPED Resume Training of Government Officials in Financial Appraisal and Risk Analysis

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Professor Edward Bbaale officiates at the opening ceremony of the training in Jinja. Public Investment Management Centre of Excellence (PIM CoE) at Makerere University College of Business and Management Sciences (CoBAMS) has resumed its in-depth training program for government officials in Financial Appraisal and Risk Analysis. The two-week training, held in Jinja, Uganda with Ministry of Finance, Planning and Economic Development (MoFPED), East Africa.

The Public Investment Management Centre of Excellence (PIM CoE) at Makerere University has resumed its in-depth training program for government officials in Financial Appraisal and Risk Analysis. The two-week training, held in Jinja, brings together public officers from various Ministries, Departments, and Agencies (MDAs) across Uganda.

The training was officially opened by Ms. Esther Ayebare, who represented the Permanent Secretary and Secretary to the Treasury (PSST) at the Ministry of Finance, Planning and Economic Development (MoFPED). She emphasized the Ministry’s commitment to strengthening public sector capacity under the Public Investment Management System (PIMS) framework.

Ms. Ayebare underscored the importance of the training in building the technical capacity required for sound investment decision-making. “This training will empower you to make informed decisions, assess financial viability, and identify risks that could impact investment outcomes,” she noted.

Public Investment Management Centre of Excellence (PIM CoE) at Makerere University College of Business and Management Sciences (CoBAMS) has resumed its in-depth training program for government officials in Financial Appraisal and Risk Analysis. The two-week training, held in Jinja, Uganda with Ministry of Finance, Planning and Economic Development (MoFPED), East Africa.

Professor Edward Bbaale, Principal Investigator of the PIM CoE, he expressed appreciation to MoFPED for its financial support and strategic collaboration in organizing the training and nominating participants. “Your continued support is instrumental in enhancing the skills and capacity of government workers in Public Investment Management,” he said. He further acknowledged the role of Vice Chancellors, Permanent Secretaries, and CAOs in nominating participants and reaffirmed Makerere’s commitment to delivering transformative learning through a blend of theory and hands-on project appraisal.

Participants in the training will engage with real-world projects in sectors such as roads, health, energy, and education. Upon successful completion, they will receive a prestigious tripartite certificate from Makerere University, MoFPED, and Queen’s University in Canada.
The training features facilitators from Cambridge Resources International, the International Growth Centre, the National Planning Authority, and MoFPED, offering a curriculum rooted in global best practices.

Public Investment Management Centre of Excellence (PIM CoE) at Makerere University College of Business and Management Sciences (CoBAMS) has resumed its in-depth training program for government officials in Financial Appraisal and Risk Analysis. The two-week training, held in Jinja, Uganda with Ministry of Finance, Planning and Economic Development (MoFPED), East Africa.

Participants were encouraged to not only apply the knowledge in their respective roles but also to mentor colleagues, thereby broadening the reach and impact of the program.

The PIM CoE continues to play a pivotal role in shaping Uganda’s public investment landscape through research, advisory services, and outreach. Recent milestones include the revision of the Development Committee guidelines and the convening of a national PIM conference in October 2024.

With the resumption of this training, Uganda takes yet another step toward fostering a skilled public sector capable of steering high-impact investments for sustainable national development.

Betty Kyakuwa
Betty Kyakuwa

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