Business & Management

Empowering Rural Women Through Financial Literacy: A Spotlight on the FAAL Project

Published

2 years ago

August 5, 2024

Participants pose for a group photos. Dr. Hellen Namawejje, Department of Statistical Methods and Actuarial Sciences, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa, Financial Awareness and Literacy Leadership (FAAL) project, empowering rural women with the knowledge and skills needed to achieve financial independence, research dissemination, 31st July 2024, Luweero District, Uganda, East Africa.

Introduction

In the heart of Luweero District, a transformative initiative is making waves, empowering rural women with the knowledge and skills needed to achieve financial independence. On July 31, 2024, the Financial Awareness and Literacy Leadership (FAAL) project led by Dr. Hellen Namawejje from the Department of Statistical Methods and Actuarial Sciences held a dissemination event to share its findings and celebrate the success of its efforts. The event brought together a diverse group of stakeholders, including local leaders, community members, and the very women whose lives have been touched by the project.

Dr. Hellen Namawejje, Department of Statistical Methods and Actuarial Sciences, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa, Financial Awareness and Literacy Leadership (FAAL) project, empowering rural women with the knowledge and skills needed to achieve financial independence, research dissemination, 31st July 2024, Luweero District, Uganda, East Africa. — *Dr. Hellen Namawejje.*

A Community United

The event was a testament to the power of community and collaboration. Dignitaries such as the District Deputy Mayor Prince Juuko Patrick, the Semuto SACCO Manager, the Community District Officer, and three chairpersons from the study villages were in attendance, alongside over 50 women participants. The atmosphere was one of hope and excitement, as stakeholders gathered to discuss the impact of financial literacy on rural women’s lives.

Some of the participants keenly follow proceedings. Dr. Hellen Namawejje, Department of Statistical Methods and Actuarial Sciences, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa, Financial Awareness and Literacy Leadership (FAAL) project, empowering rural women with the knowledge and skills needed to achieve financial independence, research dissemination, 31st July 2024, Luweero District, Uganda, East Africa.

Prince Juuko Patrick, the District Deputy Mayor, inaugurated the event with a message of gratitude and encouragement. He praised the FAAL project for its dedication to improving financial literacy and urged the attendees to apply the insights gained to better their financial well-being. Other stakeholders echoed his sentiments, highlighting the critical role of financial education in fostering economic independence and community development.

Study Objectives and Key Findings

The primary aim of the FAAL project was to assess the financial awareness and literacy levels among rural women in Luweero District. The study included a comprehensive needs assessment, financial literacy training, and efforts to connect women farmers with various local associations, including healthcare, insurance, agricultural, banking, and women’s associations.

Key Findings:

Financial Literacy Training: The training programs significantly enhanced participants’ abilities to make informed financial decisions regarding budgeting, saving, spending, and investing. This improvement is poised to elevate their standards of living over time.
Financial Education: The study underscored the importance of accessible financial education at all life stages. It also revealed that business ownership and financial influence from family and school are vital in boosting financial literacy among rural women.
Role of Associations: Membership in village savings and loan associations (VSLA) and Savings and Credit Cooperative Organizations (SACCOs) was found to be positively associated with higher financial literacy levels.

Recommendations for the Future

Based on the study’s findings, the FAAL project put forward several key recommendations:

Continuous Training Programs: Implement ongoing financial literacy training to sustain and build upon the skills acquired by the women.
Community-Level Financial Literacy Curriculum: Introduce a structured financial literacy curriculum at the community level to ensure consistent and comprehensive education.
Community Sensitization: Raise awareness about government initiatives related to financial literacy and empowerment to enhance community engagement and participation.
Encourage Family Financial Education: Promote the teaching of financial matters within families to instill good financial habits in children from an early age.

Transformative Impact

The FAAL project highlights the profound impact that financial education can have on rural women, empowering them to achieve greater economic independence. By equipping them with the necessary skills and knowledge, these women are better positioned to support themselves, their families, and their communities.

Speaking on the sidelines of the training, Dr. Namawejje appreciated the support of the Carnegie Corporation of New York through the Future Africa Research Leadership Fellowship (FAR-LeaF) at the University of Pretoria for the support. She appreciated her mentor Prof. Bruno Yawe for his invaluable guidance and support.

Conclusion

The dissemination event in Luweero District was more than just a presentation of findings; it was a celebration of progress and a call to action. The FAAL project serves as a beacon of hope, demonstrating that with the right support and education, rural women can transcend financial barriers and contribute significantly to their communities’ development. As Uganda continues to embrace initiatives like FAAL, the future looks brighter for rural women striving for financial independence and a better quality of life.

Related Topics:barriers Carnegie CoBAMS curriculum education FAAL FAR-LeaF financial Financial Literacy Luweero Project rural SACCO Training Women

Up Next

Local Governments Embrace Innovative Financing Framework for Infrastructure Development

Don't Miss

Building Resilience: Makerere Leads Climate Finance Training for Finance Officials

Business & Management

Cementing the Mak-UNISA partnership: Prof. Sarah Ssali meets Dr. Sizile Makola

Published

1 day ago

April 15, 2026

Ritah Namisango

L-R: Associate Prof. Godfrey Akileng, Dean,School of Business, Visiting Scholar-Dr. Sizile Makola, DVCAA-Prof. Sarah Ssali, Ms. Agnes Sansa-PhD Student during the meeting on 13th April 2026.

On 13^th April 2026, Prof. Sarah Ssali, the Deputy Vice Chancellor (Academic Affairs) of Makerere University, hosted Dr. Sizile Makola, a Visiting Scholar and Senior Lecturer from the University of South Africa (UNISA).

Makerere University and the University of South Africa committed to partnership and collaboration through a signed Memorandum of Understanding (MoU). Consequently, Dr. Makola, a researcher and an expert in human resource and business management is scheduled to spend two weeks at Makerere University, interacting with the leadership at different levels, researchers, students, as well as staff in the Department of Marketing and Management, School of Business under the College of Business and Management Sciences (CoBAMS).

Additionally, the visit accords Dr. Makola the golden opportunity to finalise her comparative studies with members of staff from the Department of Marketing and Management on behalf of Makerere University for the Ugandan context.

The meeting between the Deputy Vice Chancellor (Academic Affairs) and Dr. Sizile Makola was attended by Associate Professor Godfrey Akileng-the Dean, School of Business, and Ms. Agnes Sansa from the Department of Marketing and Management.

Welcoming the Visiting Scholar, the Deputy Vice Chancellor (Academic Affairs) urged Dr. Makola to solidify the Memorandum of Understanding (MoU) between both universities through academic exchanges and deepening scholarship on African-centred leadership.

Prof. Ssali shared a brief trajectory that has shaped Uganda’s workspace. She mentioned the critical role of three pillars that have fundamentally influenced the human resource development landscape in Uganda namely: Cultural practices, Structural Adjustment Programs (SAP), and Spirituality/Religion. She also acknowledged the distinct historical differences between Uganda and South Africa.

Dr. Makola’s discussion with the Deputy Vice Chancellor (Academic Affairs) also featured the ongoing comparative study that Dr. Sizile Makola and Ms. Agnes Sansa are conducting in relation to how organizational and human resource management conditions shape the recognition and conversion of women leadership resilience in Uganda and South Africa.

The study is titled: Ubuntu/Obuntu Bulamu, Emotional Capital and Women’s Leadership Resilience: A Comparative Study Across Public and Private Sectors in South Africa and Uganda.

Impressed by the ongoing study, Prof. Ssali implored the visiting faculty-Dr. Sizile Makola to share with her the findings in due course.

Prof. Ssali expressed the readiness of the Office of the Deputy Vice Chancellor (Academic Affairs) to work with the different units within Makerere University, and the University of South Africa, to support programmes aimed at strengthening collaboration, partnership, research, and internationalization.

On 10^th April 2026, Dr. Makola delivered a captivating guest lecture titled,Re-Imagining Human Resource Management in Africa, targeting undergraduate and postgraduate students pursuing human resource management courses at Makerere University.

Emphasizing the need to integrate indigenous knowledge and organizational practice, Dr. Makola argued that researchers should theorize from African contexts, treat indigenous knowledge as a source of theory, use methodologies capturing moral, communal, and context-bound dimensions of work, and build concepts from African languages, values, and institutional histories.

She stressed the need for African-centered human resource management thinking, rather than just adding local case studies to Western frameworks. Dr. Makola’s argument was informed by limitations of Western human resource management frameworks, which assume autonomous individuals, formal institutions, and technical organizations, which are separate from family and community.

Related articles:

Mak CoBAMS Hosts UNISA’s Dr. Sizile Makola

Mak CoBAMS Hosts UNISA’s Dr. Sizile Makola

African Scholarship Must Theorize from Indigenous Knowledge to Build Contextually Grounded Leadership Systems,” Dr. Sizile Makola

“African Scholarship Must Theorize from Indigenous Knowledge to Build Contextually Grounded Leadership Systems,” Dr. Sizile Makola

Business & Management

Call For Applications: Student Mobility – University of Padova, Italy (Oct 2026-Jan 2027)

Published

3 days ago

April 14, 2026

Mak Editor

Group Photo of the trainers and trainees that took part in the workshop on multivariate statistics and time series analysis, held 11th-20th June 2024 between the School of Statistics and Planning, CoBAMS and University of Padova, Italy. Makerere University School of Statistics and Planning-University of Padova, Italy dynamic workshop on multivariate statistics and time series analysis, 11th to 20th June 2024, Makerere University, Kampala Uganda, East Africa.

Arising from an existing Memorandum of Understanding (until September 2028) between University of Padova, Italy (UniPd) and Makerere University (Mak), the two institutions partnered and will jointly implement the Bilateral Agreement for the mobility for students between 2026 and 2027. At Mak, the Departmental Flow Coordinator is Symon Peter Wandiembe (PhD) and the project Principal Investigator and Contact Person 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 student mobility to the Department of Statistical Sciences, University of Padova, Italy for the Winter Semester, October 2026 – January 2027.

The selection process shall entail five-steps:

Step 1: Submission of documents by candidates for nomination, with an internal deadline of April 20^th, 2026, 05.00 p.m. (EAT) to allow for time to process nomination applications;
Step 2: Meeting of the Nomination Committee to review documents received from applicants;
Step 3: Submitting the list of nominated candidates, by April 30^th, 2026, 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.

Please see download for detailed call.

Inquiry

S.K. Omala via +256 772 491545 before April 20^th, 2026.

Advert Bilateral UniPd_Mak_Agreement_for Student Mobility Download

Business & Management

Mak CoBAMS Hosts UNISA’s Dr. Sizile Makola

Published

1 week ago

April 8, 2026

Ritah Namisango

L-R: Dr. Zaina Nakabuye, Dr. Jude Mugarura, Dr. Agnes Sansa, Dr. Sizile Makola, Prof Edward Bbaale and Dr. Anthony Tibaingana at the 8th April 2026 meeting in the Office of the Principal. Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale welcomes Dr. Sizile Makola, a Senior Lecturer in Human Resource Management from the University of South Africa (UNISA), to the College and Makerere University, Kampala Uganda, East Africa, 8th April 2026.

On Wednesday 8^th April 2026 the Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale received and welcomed, Dr. Sizile Makola, a Senior Lecturer in Human Resource Management from the University of South Africa (UNISA), to the College and Makerere University.

The interaction meeting held in the Office of the Principal brought onboard the following members of staff from the Department of Marketing and Management, School of Business: Dr. Jude Mugarura, Dr. Zaina Nakabuye, Dr. Agnes Sansa, and Dr. Anthony Tibaingana.

Dr.Sizile Makola is visiting Makerere University for two (2) weeks to cement the MoU between Makerere University and UNISA and to finalise her comparative studies with staff from the department of marketing and management on behalf of Makerere University for the Ugandan context.

Dr. Makola is scheduled to deliver an interactive guest lecture to undergraduate and postgraduate human resource management students on Friday 10^th April 2026 from 2:00pm to 4:00pm in the School of Business, Conference Hall.