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CoBAMS celebrates retiring staff & former leaders

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Staff of the College of Business and Management Sciences (CoBAMS) on September 13th, 2024, gathered for a splendid farewell party to celebrate the distinguished service of former leaders Prof. Eria Hisali and his deputy, Prof. Bruno Yawe, along with several retiring staff members. The joyous event, held in their honor, was graced by the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe, who led the institution in recognizing the invaluable contributions of the honorees.

During his remarks, Prof. Nawangwe praised the retirees for their remarkable service to Makerere University, acknowledging their pivotal roles in advancing academic excellence and shaping the future of the College. He extended his heartfelt congratulations, highlighting their commitment and dedication to the institution over the years.

Prof. Barnabas Nawangwe (2nd Left) with someo f the female retirees. College of Business and Management Sciences (CoBAMS) celebrates retiring staff and former leaders, 13th September 2024, Makerere University, Kampala Uganda, East Africa.

Prof. Hisali, who served as Principal of CoBAMS for eight years, expressed gratitude to the university’s management and staff for their unwavering support during his leadership. He reflected on the achievements realized under his tenure, including the establishment of innovative financial mechanisms like the College Endowment Fund, which secured long-term financial sustainability​.

His deputy, Prof. Yawe, was equally commended for his steadfast leadership and contributions to the academic growth of the College.

Right to Left: Prof. Edward Bbaale and Prof. James Wokadala hand over the gift to Prof. Eria Hisali and a member of his family. College of Business and Management Sciences (CoBAMS) celebrates retiring staff and former leaders, 13th September 2024, Makerere University, Kampala Uganda, East Africa.

The retiring staff members honored at the event included Dr. Joseph Wasswa Matovu, Dr. Willy Kagarura, Ms. Josephine Apolot Opolot, Ms. Kobusingye Margaret, Ms. Nanfuka Sarah, and Ms. Mwijjage Sauya. Their remarkable contributions to Makerere University were fondly remembered, and each was recognized for their dedication to shaping the institution’s legacy.

Music, Dance, and Celebration

The celebration was marked by merry-making and a lively atmosphere, as the Department of Performing Arts and Film added a special touch to the event. The evening was filled with vibrant performances that brought energy and joy to the gathering. The performers showcased a mix of traditional Ugandan music, modern tunes, and rhythmic dances that set the tone for an unforgettable evening.

Prof. Barnabas Nawanwe with Prof. Bruno Yawe and members of his family. College of Business and Management Sciences (CoBAMS) celebrates retiring staff and former leaders, 13th September 2024, Makerere University, Kampala Uganda, East Africa.

As the music flowed, the spirit of celebration spread throughout, with many staff members taking to the dance floor. In a heartwarming display of camaraderie, both academic and administrative staff danced together, creating a beautiful moment of unity and togetherness. The joyous dancing, led by some of the retirees themselves, reflected the deep bonds shared within the College and the appreciation for the many years of collaboration and friendship.

The entertainment also featured performances that paid tribute to the rich cultural heritage of Uganda, which resonated with the audience. The upbeat rhythms and performances from the Department of Performing Arts and Film captivated attendees, turning the farewell event into a festive occasion that honored both the academic achievements and personal connections forged over the years.

Dr. Joseph Wasswa Matovu (Right) receives his gift from Prof. Edward Bbaale (Centre) and Prof. James Wokadala (Left). College of Business and Management Sciences (CoBAMS) celebrates retiring staff and former leaders, 13th September 2024, Makerere University, Kampala Uganda, East Africa.

According to Prof. Ibrahim Mike Okumu, the Dean of the School of Economics, Dr. Joseph Wasswa Matovu was known not only for his scholarly achievements but also for his humor and intellect. “He was celebrated for his remarkable ability to connect with students and colleagues alike. His wit, especially in the teachings of Political Economy and Public Sector Economics, left a lasting impression on all those who worked with him. Dr. Matovu had a unique talent for transforming academic discussions into memorable experiences,” Prof. Okumu shared.

Similarly, Dr. Willy Kagarura, renowned for establishing the PIM Center of Excellence, was praised for his behind-the-scenes work and mentorship. During his farewell speech, Dr. Kagarura encouraged others to plan for retirement, sharing personal reflections on his own journey and expressing deep gratitude for the recognition of his contributions.

Dr. Willy Kagarura (Right) receives his gift from Prof. Edward Bbaale (Centre) and Prof. James Wokadala (Left). College of Business and Management Sciences (CoBAMS) celebrates retiring staff and former leaders, 13th September 2024, Makerere University, Kampala Uganda, East Africa.

Ms. Josephine Apolot Opolot, the former Human Resources Manager, gave a heartfelt speech, reflecting on the sense of teamwork and community that had defined her career. She thanked her colleagues for their unwavering support and praised the collaborative spirit that fostered success within the College. “It’s the collective effort of dedicated professionals that made our work meaningful and fulfilling,” she shared, resonating deeply with the attendees.

Ms. Mwijjage Sauya also expressed her gratitude, singling out Prof. Hisali for his kindness and generosity during her time at the College.

Ms. Josephine Apolot Opolot (Right) receives his gift from Prof. Edward Bbaale (Centre) and Prof. James Wokadala (Left). College of Business and Management Sciences (CoBAMS) celebrates retiring staff and former leaders, 13th September 2024, Makerere University, Kampala Uganda, East Africa.

Looking Forward

As CoBAMS bids farewell to these remarkable individuals, the new leadership, under Principal Dr. Edward Bbaale, has committed to continuing the legacy of excellence established by Prof. Hisali and Prof. Yawe. Dr. Bbaale emphasized the importance of building upon the strong foundation laid by his predecessors, noting that their contributions would inspire future generations of scholars and leaders

The farewell event, with its blend of heartfelt speeches, vibrant entertainment, and spirited dancing, not only marked the end of an era but also celebrated the unity and shared commitment of the CoBAMS community. As the College looks ahead to new opportunities, it does so with a sense of optimism and pride, guided by the legacies of those who served with distinction.

Prof. Bruno Yawe (Right) accompanied by a member of his family (Left) receives his gift from Prof. Edward Bbaale (2nd Right) and Prof. James Wokadala (2nd Left). College of Business and Management Sciences (CoBAMS) celebrates retiring staff and former leaders, 13th September 2024, Makerere University, Kampala Uganda, East Africa.

Let us raise our glasses to Prof. Hisali, Prof. Yawe, Ms. Apolot, Dr. Kagarura, Dr. Matovu, and all the retirees. Their contributions will continue to shape the future of Makerere University and the College of Business and Management Sciences for years to come.

Betty Kyakuwa
Betty Kyakuwa

Business & Management

From risk to resilience: Increasing insurance uptake among farmers in rural Uganda

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Dr. Aisha Nanyiti presenting about the project. EfD-Uganda Fellows Co-creation workshop with representatives from Government, CSO and the private sector to generate a context-relevant Micro, Small and Medium Enterprise (MSMEs)-led model for supporting the transition to low-carbon ag-tech by smallholder farmers, 25th April 2024, Makerere University, Kampala Uganda, East Africa.

By Dr. Aisha Nanyiti

Poor households in low-income countries face numerous risks, from extreme weather events to illness and crop failure. With limited savings and assets, even small shocks can have devastating consequences on welfare. While formal insurance products can potentially help mitigate these risks, their uptake remains remarkably low among rural smallholder farmers, who instead primarily rely on informal risk-sharing networks. This pattern persists despite evidence suggesting that informal insurance mechanisms provide incomplete coverage against shocks. These shocks translate into shortfalls in income and consumption (Karlan et al. 2014, Morduch 1999).

Studying the impact of insurance on farmers’ economic behaviour

In Nanyiti and Pamuk (2025), we focus on smallholder farmers in rural Uganda and examine how different insurance arrangements affect their economic behaviour and decision-making. Uganda provides an ideal setting to explore these questions, as only 1% of adults have formal insurance coverage, despite 67% of households depending on agriculture for their livelihoods. By comparing behaviour under formal insurance (provided by registered companies) versus informal insurance (peer-to-peer transfers), we gain insights into why formal insurance uptake remains low and how farmers respond to different risk management options.

Using a real effort task experiment, we investigate whether the incentives created by these different insurance arrangements influence productivity and risk management decisions. Our findings reveal important behavioural responses that help explain observed patterns in insurance uptake and suggest potential approaches for improving the design and adoption of formal insurance products. We find that farmers exerted less effort under informal insurance but not under formal insurance coverage, and increased their level of formal insurance coverage after experiencing a bad outcome.

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Dr. Aisha Nanyiti is a Lecturer at the School of Economics, College of Business and Management Sciences, Makerere University

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Prof. Bbaale participates in Partnership for Action on Green Economy (PAGE) Academy in Rabat, Morocco

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Prof. Edward Bbaale (2nd Right) contributed during a panel discussion at the PAGE Academy. The Principal, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa, Prof. Edward Bbaale participates in the Partnership for Action on Green Economy (PAGE) Academy in Rabat, Morocco, from 21 to 23 May 2025.

By CoBAMS Communications Office

The Principal, College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale participated in the Partnership for Action on Green Economy (PAGE) Academy in Rabat, Morocco, from 21 to 23 May 2025. The Academy, themed “Financing a Just Transition to Green and Circular Economies,” convened representatives from PAGE countries across the region.

It was designed to enhance knowledge and promote innovative, inclusive mechanisms for financing and implementing green and just transitions in Africa. The event provided a vital platform for peer learning and knowledge exchange, drawing on best practices and African case studies.

Prof. Bbaale participated in Master Class 3, which explored strategies and partnerships for scaling up training in green and inclusive finance. The session highlighted regional policy trends, rising demand for relevant skills, and importance of collaboration among governments and financial institutions.

Prof. Bbaale contributed to discussions on two critical issues:

  • How economics departments are adapting curricula to respond to the evolving field of green and, inclusive finance and,
  • The role of academic research in shaping green financing instruments and supporting reform efforts.

The Principal shared how Makerere University has taken a proactive, multidimensional approach to embedding green and inclusive finance into its economics curriculum. This includes a strong emphasis on technical modelling skills, policy relevance, and cross-disciplinary learning. He highlighted that Makerere is emerging as a regional leader in climate-informed economics education, positioning itself to contribute meaningfully to Africa’s green transition.

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AERC and Mak School of Economics discuss shaping Africa’s future in research and development

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Prof. Victor Murinde and Associate Prof. Ibrahim Mike Okumu with staff and students from CoBAMS and other stakeholders after the meeting. Delegation from the African Economic Research Consortium (AERC) strengthening partnership with the School of Economics through re-engineering economic research, capacity building, policy formulation and collaboration to impact Africa’s development and transformation, College of Business and Management Sciences (CoBAMS), 23rd May 2025, Makerere University, Kampala Uganda.

On Friday 23rd May 2025, a delegation from the African Economic Research Consortium (AERC) visited Makerere University to strengthen partnership with the School of Economics through re-engineering economic research, capacity building, policy formulation and collaboration to impact Africa’s development and transformation.

The Engagement meeting focusing on shaping Africa’s future in research and development brought on board academic and administrative staff from the School of Economics under the College of Business and Management Sciences (CoBAMS) and the AERC delegation comprising: Prof. Victor Murinde-Executive Director, Dr. Charles Owino-Manager of Strategic Partnerships and Resource Mobilisation, Ms Anna Owino-Personal Assistant to the Director and Ms Veronica Nanyanzi from State House-Uganda.

Underscoring the importance of the engagement meeting, Prof. Murinde said, “Following the keen observation of the recent global economic shifts and geopolitical uncertainty, the AERC seeks strategic partnerships with African governments and institutions to chart the roadmap through research and co-production of evidence-based economic solutions.”

Following the theme, Understanding the future of research and training collaboration with AERC, Prof. Murinde explained that the interaction also presents an opportunity to discuss the AERC Strategic Plan (2025-2035) titled, “Re-inventing the AERC for Delivering Africa’s Economic Prosperity, in which AERC is embarking on a comprehensive reform agenda, designed to strengthen research excellence, enhance policy impact and secure long-term institutional sustainability.

Prof. Victor Murinde, Executive Director of AERC (Left) and Prof. Ibrahim Mike Okumu, Dean, School of Economics (Right). Delegation from the African Economic Research Consortium (AERC) strengthening partnership with the School of Economics through re-engineering economic research, capacity building, policy formulation and collaboration to impact Africa’s development and transformation, College of Business and Management Sciences (CoBAMS), 23rd May 2025, Makerere University, Kampala Uganda.
Prof. Victor Murinde, Executive Director of AERC (Left) and Prof. Ibrahim Mike Okumu, Dean, School of Economics (Right).

Concerned about the visibility and recognition of African researchers, Prof. Murinde reported that AERC will ensure that they are acknowledged with their names included in the publications. On the issue of network membership, EARC is considering the following categories: The distinguished service award, AERC Fellows, AERC Associates, and AERC Affiliates.

  • Distinguished service award-Presented to those individuals who started the work in 1988
  • AERC Fellows-Researchers who are active in research and capacity building
  • AERC Associates-For Mid-Career researchers
  • AERC Affiliates-For Masters’ and PhD students

The AERC was established in 1988, when a group of African scholars and Africanists voiced concern over the disconnect between economic research and policy formulation in Africa. According to the Executive Director, the founders of AERC observed that much of the existing economic research was either inapplicable to Africa’s economic challenges or inadequately utilized in local policymaking. Consequently, the group conceptualized a framework for fostering high-quality economic research tailored to Africa’s specific needs.

The collaboration between the AERC and Makerere University through its School of Economics started in 1988, and has led to impactful economic research in Africa, notable publications, increase in the number of faculty with PhDs at the School of Economics as well as mentorship.

Acknowledging Makerere University School of Economics as a key stakeholder in AERC, Prof.  Murinde said, “Without your participation over the last 37 years, AERC would not be here.”

Some of the staff participating in the engagement meeting. Delegation from the African Economic Research Consortium (AERC) strengthening partnership with the School of Economics through re-engineering economic research, capacity building, policy formulation and collaboration to impact Africa’s development and transformation, College of Business and Management Sciences (CoBAMS), 23rd May 2025, Makerere University, Kampala Uganda.
Some of the staff participating in the engagement meeting.

The Executive Director described AERC as a network of members and universities focused on providing evidence based research for policy making in Africa. Stating the key achievements, Prof. Murinde said, “A framework has been put in place to conduct research and collaboration, with AERC providing a network to work with economists across Africa. He added that the AERC has linked up the various Deans in the Member Universities in Africa both in research and the common programmes that they conduct.

Reflecting on the AERC’s journey, he noted that in 1988, the School of Economics could mention one or two members of faculty with PhDs. Over the years, with AERC’s support to research and capacity building, the School of Economics has built a critical mass of faculty with PhDs. He highlighted that some Ugandan economists have worked with the EARC Secretariat and the EARC Board. He pointed out that the most active Ugandan economists in the AERC network are based at the following entities: Makerere University (School of Economics, College of Business and Management Sciences), Bank of Uganda, Economic Policy Research Centre (the think tank), Ministry of Finance, Planning and Economic Development, National Planning Authority, Ministry of Trade, Industry and Cooperatives, and Uganda Development Bank.

In his remarks, the Dean of the School of Economics, Associate Prof. Ibrahim Mike Okumu credited AERC for its continued collaboration, which has significantly contributed to the growth of the School. He appreciated EARC for supporting research, scholarships provided to Masters’ and PhD fellows, support for ICT infrastructure development, and contribution towards the construction of the School of Economics building.

Stressing AERC’s contribution to research at the School of Economics, Prof. Okumu said, “AERC provided opportunities to ‘fresh’ fellows to write proposals. AERC would focus on building the idea. AERC has nurtured most of us into professional researchers/scholars.”

Engagement meeting in session. Delegation from the African Economic Research Consortium (AERC) strengthening partnership with the School of Economics through re-engineering economic research, capacity building, policy formulation and collaboration to impact Africa’s development and transformation, College of Business and Management Sciences (CoBAMS), 23rd May 2025, Makerere University, Kampala Uganda.
Engagement meeting in session.

The Dean disclosed that in addition to research, some of the personalities nurtured by AERC took on academic leadership positions and have significantly contributed to the growth of the College/School. Some of the personalities include: Prof. John Ddumba-Ssentamu-former Principal and Vice Chancellor of Makerere University, Prof. Eria Hisali-former Principal of the College, Prof. Bruno Yawe-former Deputy Principal, Prof. Edward Bbaale-Principal of the College, Dr. Sarah Ssewanyana-Executive Director, Economic Research Policy Centre, and among others.

Presentation of the AERC strategic plan (2025-2035)

The remarks set the pace for the gist of the engagement meeting, which focused on presentation of the areas of transformation and the new research programmes respectively.

In the presentation, Prof. Murinde explained that AERC was reconfiguring its strategic direction in 2025-2035, to concentrate on the key strategic reform options organized around eight (8) core areas. They include: Research Offerings, Graduate Training, Policy Engagement for research impact, The Consortium structure and governance, Entrenching network membership, Enhanced resource mobilization for financial sustainability, Geographical inclusion, and Possible risks to the planned reforms and how to mitigate them.

Regarding the policy engagement for research impact, Prof. Murinde noted that the ground had shifted with policy makers advocating for the need to embed research into their operations. He reported that the governance structure was going to change to a more inclusive and participatory approach bringing on board stakeholders in research and capacity building.

Prof. Murinde highlighted that the new strategic plan would focus on the following new research programmes:

  • Security, Governance and Economic Fragility in Africa
  • Industrial Policy and Growth Strategies in Africa
  • Unlocking Africa’s Digital Potential for Economic Prosperity
  • Africa in a Changing World: Jobs through Trade and AfCTA
  • Informal Cross Border Trade (ICBT) in Africa: measurement and welfare of women, youth and their families
  • Human Capital, Labour Markets and Migration
  • Climate Change: Food Systems, Climate Finance, Climate Risk and Resilience
  • Africa’s Trade and Investment Strategy on China
  • Macroeconomic Modelling, Management and Policy Reform

Input into the AERC Strategic Plan

The participants observed that the proposed linkage between policy makers and the private sector as well as the approach of co-designing research with policy makers, would contribute significantly to research uptake.

L-R: Ogwal Denis, Proscovia Taaka and Diphus Tugume, Graduate Students participating in the Engagement meeting. Delegation from the African Economic Research Consortium (AERC) strengthening partnership with the School of Economics through re-engineering economic research, capacity building, policy formulation and collaboration to impact Africa’s development and transformation, College of Business and Management Sciences (CoBAMS), 23rd May 2025, Makerere University, Kampala Uganda.
L-R: Ogwal Denis, Proscovia Taaka and Diphus Tugume, Graduate Students participating in the Engagement meeting.

Discussing the new research programmes, the participants suggested that AERC incorporates the following aspects: Integration of Natural resources management into economic modelling; Environmental Management; Interlinkages of Youth unemployment and the Green economy; Value Chains and Emerging threats such as fake products; Urbanisation; Youth and Substance Abuse; Health economics; the Informal Sector; and Agricultural Production.

Voices of the Graduate Students

Contributing to the discussion, the graduate students namely Proscovia Taaka, Diphus Tugume and Denis Ogwal urged AERC to continue supporting the collaborative Masters programme (CMAP) in Economics.

Way forward

Prof. Murinde thanked the participants for the valuable contributions that will definitely enrich the AERC strategic plan. He indicated that some of the proposed themes/ideas, would be considered as work streams within the different research programmes. The future is centered on PhD students at Makerere University and other member Universities formulating research questions in line with the new research programmes. AERC is working on a database of researchers in Africa to facilitate speed-dating in research. AERC plans a twinning programme for African universities, which will enhance joint supervision for PhD students. He pointed out that on completion of the PhD, there will be an opportunity for a post-doc Fellowship. He emphasized that researchers who win “big” projects will be encouraged to have work streams. He revealed a plan for each School of Economics in Africa to access publications across the entire membership.

Ritah Namisango
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