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Prof. Hisali, Prof. Yawe handover office to Prof. Bbaale, Prof. Wokadala

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In a vibrant ceremony brimming with nostalgia and optimism, College of Business and Management Sciences-Makerere University (CoBAMS) celebrated the transition of leadership from the accomplished hands of Prof. Eria Hisali and Prof. Bruno L. Yawe to the promising stewardship of Prof. Edward Bbaale and Prof. James Wokadala on Friday 31st May 2024.

The event, attended by esteemed members of the university community, including representatives from the Vice Chancellor’s office and members of the Central Management Team, was a testament to the collaborative spirit and dedication that have come to define CoBAMS. The outgoing Principal, Prof. Eria Hisali, and Deputy Principal, Prof. Bruno Yawe, were lauded for their eight years of service, during which they significantly advanced the college’s academic and infrastructural capabilities.

A Legacy of Excellence

Prof. Hisali’s farewell address highlighted the numerous achievements under his leadership. He proudly noted the establishment of strategic partnerships and collaborations that have greatly benefited the college. “Our MoU with Stellenbosch University provided full PhD scholarships for four Academic Staff Members, while our partnership with Wageningen University in the Netherlands supported PhD training for two Staff Members. Additionally, the Republic of Korea’s embassy in Uganda granted three PhD scholarships,” he remarked.

Assoc Prof. Bruno Yawe (Left) handing over to incoming Deputy Principal Dr. James Wokadala.

These collaborations extended to notable institutions such as ACCA, Prudential Uganda, Addis Ababa University, The University of Rwanda, Universidade Eduardo Mondlane, and the University of Dar es Salaam, reflecting CoBAMS’ commitment to internationalization and academic excellence. Prof. Hisali also mentioned the development of a Quality Assurance Framework and significant infrastructural proposals, including a new block pending government funding.

The outgoing Principal shared impressive statistics: a fivefold increase in publications from 30 in 2017 to 150 in 2023, expansion of wireless internet coverage to over 90% of the college, and a significant rise in PhD holders among the academic staff to 60%.

Prof. Yawe appreciated all the academic, administrative and support staff that supported his leadership throughout the 8 years of service.

Looking Ahead

Prof. Edward Bbaale, the incoming Principal, expressed his vision to elevate CoBAMS as a global leader in innovative teaching, research, and policy engagement. With over two decades at CoBAMS, including eight years as Dean of the School of Economics, he emphasized his commitment to continuing the progress made by his predecessors. He pledged to prioritize graduate training, faculty research, and the commercialization of innovations, alongside strategic financial initiatives such as the College Endowment Fund.

Prof. Eria Hisali receiving a token of appreciation from memebers of the Administrative Staff at MakCoBAMS.

Prof. James Wokadala, the new Deputy Principal, acknowledged the substantial achievements of the outgoing leaders and outlined his plans to build on their legacy. He aims to foster a supportive and engaging environment by establishing a gym for staff and creating a Savings and Credit Cooperative Organization (SACCO).

Heartfelt Farewells and New Beginnings

The ceremony featured heartfelt speeches from various stakeholders, celebrating the contributions of Prof. Hisali and Prof. Yawe. Dr. Susan Namirembe Kavuma, representing the academic staff, praised the outgoing leaders for their unwavering support and urged the new administration to continue fostering a conducive environment for teaching and learning. Ms. Caroline Nanono Jjingo, on behalf of the administrative staff, echoed these sentiments, appreciating the open and inspirational leadership style of Prof. Hisali and Prof. Yawe. “Throughout their tenure, they have resonated the words of Henry Ross Perot, who said that “Lead and inspire people. Don’t try to manage and manipulate people. Inventories can be managed but people must be led.”  She said.

Outgoing Principal Eria Hisali and outgoing Deputy Principal Bruno Yawe cut cake.

The Deputy University Secretary, Mr. Simon Kizito, provided sage advice to the incoming leaders, emphasizing the importance of openness to feedback, leading by example, and maintaining accountability. He reminded them that failure is an inevitable part of leadership and encouraged them to learn from it while prioritizing self-care.

On their part, the support staff appreciated the outgoing leadership for their open door policy and willingness to support all staff especially those experiencing life challenges. Quoting Ecclesiastes 3:1, Mr Joseph Ikarokot said there was a season for everything and staff were privileged to have worked with the duo.

A Promising Future

As the new leadership team embarks on their journey, they carry forward a legacy of excellence and a vision for a brighter future. With their extensive experience and commitment to innovation and collaboration, Prof. Bbaale and Prof. Wokadala are well-positioned to steer CoBAMS toward greater achievements and global recognition.

The ceremony concluded with a celebratory cake-cutting, gifts from the administrative staff, and a reaffirmation of the college’s enduring spirit of unity and progress. The new era at CoBAMS promises continued growth and success, building on the solid foundation laid by Prof. Hisali and Prof. Yawe.

Some of the staff memebers who were present at the handover ceremony.

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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