Officials from the United Nations Capital Development Fund (UNCDF) recently visited the College of Business and Management Sciences (CoBAMS) to bolster their longstanding partnership. Led by Jennifer Bukokhe, Deputy Director of Local Transformative Finance at UNCDF, the delegation focused on enhancing joint research endeavors and capacity building initiatives.
Dr. Yusuf Kiwala highlighted the fruitful outcomes of their collaboration, including pioneering research in groundwater financing and the development of a corresponding framework, culminating in a published book chapter. The collaboration also yielded a public investment management calculator for small project appraisal, alongside presentations at prominent international conferences.
Further initiatives encompassed analyses on urban refugees’ economic impact and the establishment of the Masters in Development Finance (MSDF) program, aimed at equipping future leaders with critical skills for addressing financial challenges in developing nations.
Left-Right: Ms. Fiona Luswata from UNCDF, Prof. Bbaale, the Principal, Ms. Jennifer Bukokhe and Dr. Mkhululi from UNCDF during the meeting on June 18, 2024.
During the visit, Prof. Edwards Bbaale, Principal of CoBAMS, underscored UNCDF’s pivotal role in advancing research and education within development finance. He expressed appreciation for the opportunities to showcase CoBAMS’ findings globally and emphasized the necessity of ongoing collaboration and investment in research to tackle evolving sectoral challenges. Prof. Bbaale highlighted the contributions of research centers like the PIM Center of Excellence and advocated for partnerships with industry experts and academic institutions to foster innovation and knowledge exchange. Prof. Bbaale appealed to UNCDF to consider sponsoring of individuals willing to pursue the MSDF.
Dr. Godfrey Akileng, Dean of the School of Business, emphasized the program’s responsiveness to industry needs, particularly in addressing Africa’s infrastructure challenges. He stressed the importance of practical training and partnerships for enriching student experiences and preparing graduates for industry demands.
UNCDF affirmed its commitment to supporting CoBAMS through continued research collaboration, capacity building, technical assistance, and staff exchanges. Ms. Bukokhe introduced Dr. Mkhululi Ncube, emphasizing his role in promoting financial inclusion and blended financing strategies in Uganda. Dr. Ncube expressed enthusiasm for future collaborations with CoBAMS, pledging UNCDF’s ongoing support through various initiatives. The partnership between UNCDF and CoBAMS continues to drive impactful research and educational advancements in development finance, positioning both entities at the forefront of sectoral innovation and positive change.
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.
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.
“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.
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.
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.
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.
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.
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.