Approximately 23 officials from different Ministries, Departments and Agencies (MDAs), as well as from the Civil Society have completed training in the Program on Investment Appraisal and Risk Analysis (PIAR). The trainees received training in Basic Public Investment Management (PIM), Financial and Risk Analysis and finally Economic Appraisal and Stakeholder Analysis. The training culminated in the award of Certificates jointly awarded by Makerere University, Ministry of Finance, Planning and Economic Development (MoFPED) and Cambridge Recourses International.
The two-weeks training, which took place in Mbarara attracted participants from Ministries, Agencies, Academia and the Civil Sector. Speaking during the closing ceremony, Prof. Eria Hisali, the Principal of the College of Business and Management Sciences where the PIM Centre of Excellence is hosted, said the Centre aims at creating a pool of experts who can write proposals and approve public investments.
He cautioned the public officers to clearly identify projects that can deliver economic growth and also encouraged them to work together. He said the Centre would organize an experience sharing workshop to do an M&E on all the trainees to see how effectively they are utilizing the acquired knowledge. He informed participants that the University Senate had approved the proposed PIM Masters, “Masters in Economic and Investment Modeling,” and encouraged them to apply once the program is approved by the National Council for Higher Education. He said the Centre was also in the process of drafting a Post Graduate Diploma in Public Investment Management. Prof. Hisali appreciated the Ministry of Finance, Planning, and Economic Development for providing financial support to the Centre as well as CRI and NPA for the partnership in training.
Dr. Willy Kagarura, the Centre’s manager said he was confident that the knowledge given to the participants will go a long way in ensuring they write the accurate investment proposals for the government to review.
He emphasized the importance of equipping individuals with the necessary skills to make informed investment decisions which will ultimately contribute to the economic development of the Country. Dr. Willy also highlighted the practical nature of the training, ensuring that participants are well-prepared for real-world scenarios in investment modeling.
Ms. Gertrude Aerone Basiima, the Assistant Commissioner of the Project Analysis and Public Investment Department emphasized the importance of the training, saying the goal of a project appraisal is to prevent bad projects from going ahead and good projects from being rejected. “This training is therefore aimed at ensuring that all stakeholders including Public Officials, Private Sector and Civil Society analysts develop and appraise investment projects in order to promote the economic and social wellbeing of the country,” she said.
She said the training arose out of the needs assessment that identified critical gaps by Officers in different MDAs with regard to undertaking Cost Benefit Analysis, Cost Effectiveness Analysis, preparation and cross-examination of pre-feasibility and feasibility studies.
“I hope that the training you have attained during the last 3 training sessions has equipped you with skills to conduct and review feasibility studies by putting into considerations the different perspectives of Banker/Lender, Project Owner, Country and Distribution of Externalities. While you are undertaking project development and appraisal, please remember these perspectives,” Ms Basiima said. Ms Basiima emphasized the importance of considering various perspectives during project development and appraisal to ensure a comprehensive feasibility study. She encouraged participants to apply the skills acquired in the training sessions to conduct thorough analyses and make informed decisions.
She further appreciated the dedicated faculty team comprised of CRI resource persons, Hassan and Christiania. The Ugandan Faculty consisting of Dr. Willy Kagarura, Prof. Edward Bbaale, Dr. John Sseruyage, Dr. Vincent Ssajjabi, Dr. Ibrahim Mike Okumu, Dr Ibrahim Mukisa, and Mr. Edwin Sentumbwe from Makerere University PIM CoE, Mr. Musimeta Hannington from NPA and, Mr. Ahaisibwe Joseph and herself from MoFPED
On his part, Mr. Hannington Musimenta, one of the faculty members from the National Planning Authority, emphasized the importance of the study, saying the NDPIII evaluation showed that the Country performed only to the tune of 17% because of poor projects. With this training and knowledge acquired by the different public officers, he was positive that the implementation of projects in NDP IV would be more successful and impactful leading to greater development outcomes for Uganda.
As part of the training, the team visited one government project in Kiruhura and Mbarara District titled the Reconstruction of Kyeshema Earth Dam. The dam was reconstructed to supply water to the cattle corridor during the dry seasons. The participants were able to evaluate a real-world project in relation to the theory obtained during training.
The training was opened on April 22, 2024, by the Director of the PIM Centre of Excellence, Prof. Edward Bbaale, who called on the trainees to fully engage in the training sessions and actively participate in discussions to maximize their learning experience. He emphasized the importance of applying the knowledge gained to their work in order to achieve tangible results and make a difference in their workplaces. The director also highlighted the significance of networking and collaboration among participants, as this would foster a supportive environment for sharing best practices and innovative ideas. “By fostering a culture of continuous learning and knowledge exchange, the training program aims to empower individuals to drive sustainable development in Uganda”. He appreciated the MoFPED for the financing of the training and the nomination of the right people to train. The director emphasized the importance of participants actively engaging in discussions and practical exercises during the training sessions to maximize their learning experience. Additionally, he encouraged participants to take advantage of the resources and support provided by the program to implement their new skills and knowledge effectively in their respective roles.
The meeting was chaired by Ms. Getrude Basiima, who represented Mr. Hannington Ashaba, Director Budget at the Ministry of Finance, Planning and Economic Development (MoFPED). Ms. Basiima commended the Centre for its continued commitment to strengthening public investment management capacity across government institutions.
In her remarks, Ms. Basiima applauded the Centre for successfully hosting the Public Investment Management Conference held in August at Makerere University. The conference attracted key policymakers, development partners, and academics who deliberated on how to enhance the efficiency, sustainability, and impact of public investments in Uganda.
She further shared exciting news that the Government of Uganda has secured funding from the World Bank to support the public investment management function. The PIM Centre, she announced, will be among the key beneficiaries of these funds — receiving support for the construction and acquisition of a permanent home to enhance its institutional sustainability and training capacity.
Reviewing the Centre’s quarterly performance, Ms. Basiima congratulated the team for successfully conducting three specialized trainings in the first quarter, reaching officials from various Ministries, Departments, and Agencies. These trainings continue to strengthen the technical competencies required for effective project preparation, appraisal, and implementation in line with Uganda’s National Development Plan.
The PIM Steering Committee in a meeting held at Emin Pasha Hotel
She encouraged the Centre to integrate climate change considerations into its future training programmes, noting that sustainable public investment must now account for environmental resilience and climate adaptation.
The centre team presented the proposed structure/ organogram, the financial performance of 2024/2025, research areas for 2025/2026 and the strategic plan for 2025 – 2030.
The Steering Committee reaffirmed its commitment to supporting the PIM Centre’s vision of becoming a regional leader in building capacity for efficient, transparent, and sustainable public investment management.
The training, held from September 23rd to 26th, 2025 at the College of Business and Management Sciences, aimed at strengthening the capacity of government officials to effectively identify, prepare, and implement public projects.
The closing ceremony was officiated by Ms. Belinda Bisamaza, who represented the Permanent Secretary/Secretary to the Treasury (PS/ST). In her remarks, Ms. Bisamaza commended participants for their commitment, noting that the training had offered a solid foundation in the entire PIM cycle — from project conceptualization and profiling, through monitoring and evaluation (M&E), to the use of the Integrated Bank of Projects (IBP), Environmental and Social Risk Management, and Public-Private Partnerships (PPPs).
Prof. Eria Hisali
“With these skills, you can contribute meaningfully to improving the quality of proposals submitted to the IBP, ensure better risk management, and enhance implementation through robust monitoring frameworks,” she said, adding that participants were now better prepared for advanced modules on financial appraisal, risk analysis, and stakeholder engagement.
Representing the PIM Centre, Prof. Eria Hisali highlighted the need for well-prepared projects that directly contribute to economic growth. “We must move away from the practice of developing projects only when funding is required. Instead, we should create a strong bank of quality projects from which government can easily draw,” he said.
Training participants in session.
The Manager of the PIM Centre, Dr. John Sseruyange, expressed gratitude to the participants and trainers for their dedication. He noted that the facilitators were drawn from Makerere University, the National Planning Authority (NPA), and the Ministry of Finance, Planning and Economic Development (MoFPED). Dr. Sseruyange also revealed that the Centre would be rolling out further in-depth training modules and creating opportunities for alumni to engage in consultancy and research work. The PIM Centre hosts the training as part of broader efforts by Makerere University, MoFPED, and NPA to strengthen Uganda’s public investment management systems, ensuring value for money, improved service delivery, and sustainable economic development.
Thirty-one government officers from Ministries, Departments, and Agencies (MDAs) have successfully completed a two-week intensive training in the Certificate of Financial Implications (CFI) – Integrated Regulatory Cost-Benefit Analysis. The certification ceremony was held at the Pearl on the Nile Hotel, Jinja, marking another milestone in Uganda’s efforts to institutionalize evidence-based and fiscally responsible policymaking.
The training, delivered by the Makerere University Public Investment Management (PIM) Centre of Excellence in partnership with the Ministry of Finance, Planning and Economic Development (MoFPED), and National Planning Authority equipped participants with practical skills to evaluate policy and legislative proposals for their financial, economic, and social implications.
Mr. Paul Mwanja.
Speaking at the closing ceremony, Mr. Paul Mwanja, Commissioner for Infrastructure & Social Services at MoFPED, who represented the Permanent Secretary, commended the officers for their commitment at a time when government institutions are finalizing the Auditor General’s audits, implementing the FY2025/26 budget, rolling out the National Development Plan IV’s tenfold growth strategy, and preparing for the 2026 General Elections.
“Your participation affirms a collective commitment across Government to strengthen the quality, transparency, and credibility of public policymaking in Uganda,” Mr. Mwanja said. He urged graduates to return to their institutions as champions of reform, share their knowledge with colleagues, and drive the change needed in Public Finance Management. He also announced that the next cohort of the training will take place in January 2026.
Prof. Ibrahim Mike Okumu.
Prof. Ibrahim Mike Okumu, Dean of the School of Economics at Makerere University, delivered the graduation address, highlighting the certificate’s importance in addressing Uganda’s triple challenge of scale, scarcity, and speed.
“This program does something unique. It teaches you not only to ask whether a policy or project is beneficial, but also whether it is affordable and resilient under real fiscal constraints,” Prof. Okumu noted. He challenged graduates to apply their skills at project, portfolio, and policy levels—ensuring value for money and enhancing public trust in government spending.
Participants make a group presentation.
He further emphasized that Uganda’s pioneering approach to integrated CFI-CBA positions the country as a leader in Africa and beyond: “You, Uganda’s first CFI-CBA graduates, are now part of a global brain trust. Your work will speak to investors, parliaments, development partners, and above all, the Ugandan people.”
Dr. John Sseruyange, Manager of the PIM Centre of Excellence, expressed appreciation to participants for their active engagement throughout the training and thanked MoFPED and the faculty drawn from Makerere University, the National Planning Authority, Ministry of Finance, and the Ministry of Energy for their technical support.
Dr. John Sseruyange.
The Certificate of Financial Implications – Integrated Regulatory Cost-Benefit Analysis was introduced following the Revised Guidelines for Financial Clearance, effective July 1, 2025. The guidelines require MDAs to prepare their own financial implications statements, subject to rigorous cost-benefit analysis, thereby strengthening linkages between fiscal responsibility and regulatory impact assessments.
With the successful completion of the second cohort, Uganda is steadily building a critical mass of professionals capable of embedding cost-benefit thinking across government, ensuring every shilling delivers maximum impact for citizens.
A female participant receives her certificate.A male participant receives his certificate.