The Public Investments Management Centre of Excellence officially launched a two-week training program focused on Financial and Risk Analysis of Public Investments today September 23, 2024. Approximately 30 economists from various Ministries, Departments, and Agencies (MDAs) are participating in this intensive training, which aims to enhance their skills in public investment management.
The training kicked off with an opening ceremony led by Prof. Ibrahim Mike Okumu, the Dean of the School of Economics at Makerere University. Prof. Okumu expressed gratitude to the Government of Uganda for its generous funding that has made this centre possible. He also acknowledged the dedicated trainers, who bring expertise from Makerere University, the National Planning Authority, the Ministry of Finance, Planning and Economic Development, and Cambridge Resources International.
“This training is not just an opportunity for professional development; it is a crucial step towards ensuring effective management of public investments in Uganda,” Prof. Okumu stated. “The knowledge gained here will have a lasting impact on our nation’s long term economic landscape.” This is because this training enables us to grow a critical mass of planners who have a potential to appraise projects so that we limit bad public projects and increase public project efficiency by increasing the link between public projects and the economy.
Dr. John Seruyange, the Centre Manager, welcomed the trainees and praised their commitment to this capacity-building initiative. “Your presence here reflects a dedication to improving our public investment processes,” he said. “Over the next two weeks, you will engage in rigorous training designed to equip you with the necessary tools to make informed financial decisions and effectively analyze risks associated with public investments.”
Prof. Ibrahim Mike Okumu spaeking at the training.
Joseph Ahaisibwe from the Ministry of Finance, Planning and Economic Development noted that the programme integrates the different modules of the appraisal such as demand/market analysis, technical and environment analysis, financial, economic and risk analysis so as to ensure a 3600 degree view and avoid most of the challenges that have in the past resulted into project delays. He noted that, the programme has started yielding results through increased number of projects being appraised from 10% in 2016 to now over 80% in 2024. “This performance raises hope that as more participants are trained, the dividends will be more to Government”. Joseph noted. He implored participants to pay keen attention and utilize the faculty members to the maximum so that as they go back to their places of work, there is value to add.
Participants hail from a range of organizations, including the Ministry of Finance, Planning and Economic Development (MoFPED), the National Planning Authority (NPA), the Uganda Police, the Ministry of ICT, as well as Muni University and Makerere University. This diverse representation underscores the collaborative effort required to enhance public sector capabilities.
The training program promises to be both challenging and rewarding, setting the stage for the development of a skilled workforce ready to tackle the complexities of public investment management in Uganda. As the programme unfolds, participants will not only gain valuable knowledge but also contribute to the overarching goal of fostering sustainable economic growth for the country.
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.