Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija officially opened the inaugural Public Investment Management (PIM) Conference held on October 17, 2024 at Public Health Auditorium.
The Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, has outlined Uganda’s economic growth prospects through strategic public investments aimed at achieving sustainable development and transforming lives, particularly for the youth. He highlighted this vision during the inaugural Public Investment Management (PIM) Conference, held on Thursday, October 17, 2024, at Makerere University.
“Public investment is clearly the backbone of our nation’s development, particularly in building the infrastructure, human capital, and institutions necessary to elevate Uganda to middle-income status and beyond,” Kasaija remarked. He called for increased investments to propel Uganda’s economy from its current $50 billion in the 2022/2023 financial year to $500 billion over the next 15 years.
The conference, organized under the theme “Navigating the Landscape of Public Investment Management in Uganda: Current Realities and Future Outlook,” underscored the need for partnerships in the investment sector. The Minister emphasized how infrastructural development can catalyze economic growth and create new job opportunities.
A section of the well attended conference.
“Investments in infrastructure such as roads, energy, and digital connectivity can stimulate economic growth and attract private sector investment, leading to job creation,” Kasaija emphasized.
He also highlighted the importance of integrating public investment management with government welfare programs such as the Parish Development Model (PDM), Emyooga, and small business recovery funds, which offer critical financing for entrepreneurship. The government is committed to enhancing the efficiency of public spending, focusing on a fiscal consolidation strategy to restore fiscal discipline and reduce public debt.
“Fiscal consolidation does not mean cutting back on investment, but rather optimizing spending by prioritizing high-impact projects that directly contribute to economic growth. Our public investment must align with this strategic direction,” Kasaija added.
Hon. Kasaija, Mr. Ggoobi and Prof.Nawangwe touring a mini exhibition.
To maximize the value of government investments, Kasaija called for a public management system capable of delivering inclusive and sustainable socio-economic transformation, with resilience to issues such as climate change and sustainable development goals.
The Permanent Secretary and Secretary to the Treasury, Mr. Ramathan Ggoobi, also addressed the conference, focusing on the government’s efforts to improve the quality of projects at their inception. He noted the establishment of a dedicated department of project analysis and public investment within the Ministry of Finance, which oversees the ongoing PIM reform process.
Mr. Ggoobi mentioned that the ministry has developed and disseminated guidelines and standardized manuals for project preparation and appraisal. “Our objective is to build the center’s capacity for research that will inform policy changes in PIM,” he said.
He highlighted the positive impact of these reforms, noting that the quality of projects submitted by ministries and agencies has significantly improved. However, Ggoobi stressed the need for more stringent monitoring, especially regarding the low execution rates of externally funded projects, which continue to face delays.
Professor Glenn P. Jenkins from Queens University
“Cost and time overruns are common, and projects are often poorly executed, which shortens their lifespan. To address this, we are developing a framework for tracking project implementation, fostering a culture of accountability, transparency, and continuous improvement,” Ggoobi revealed.
During the panel discussion, Dr. Joseph Muvawala, Executive Director of the National Planning Authority, advised that the government should focus on constructing the Standard Gauge Railway to ensure that every Ugandan benefits from the infrastructure development. He emphasized that this would be a transformative project for the entire country.
Ms. Barbara Magezi Ndamira, a Senior Public Sector Specialist from the World Bank, pointed out that one of the biggest challenges in Uganda’s PIM is accountability. “The biggest issue for me in the value chain of PIM is accountability. Who is holding the whip to ensure that a five-year project is completed within the set timeframe?” she asked, raising concerns about the lack of stringent oversight mechanisms.
Adding to Ms. Magezi’s concerns, Dr. Asuman Lukwago, Permanent Secretary of the Education Service Commission, suggested that every project should be implemented with a service standard in place, prescribing the timeframes for minor and major audits to ensure sustainability. This, he noted, would help track the progress and quality of project execution.
Dr. Callist Tindimugaya, the Acting Director of Water Resources Management at the Ministry of Water and Environment, emphasized the importance of writing holistic projects that include not only their core functions but also ways in which the public can benefit economically. “We want to explore how a water project can improve household incomes,” he said, highlighting the Ministry’s focus on integrating economic benefits into public projects.
The keynote speaker, Professor Glenn P. Jenkins from Queens University in Canada, shared insights on the current state and future of Uganda’s Public Investment Management System, established in 2016. Jenkins emphasized Uganda’s leadership in Africa in creating a modern PIM system, which integrates financial, economic, and social criteria into public sector decision-making.
[L-R] Dr. Callist Tindimugaya, Dr. Asuman Lukwago Ms. Barbara Magezi Ndamira, and Dr. Joseph Muvawala.
“A modern PIM system is more than just investment appraisal—it’s a comprehensive decision-making framework for the public sector,” Prof. Jenkins explained. He also discussed the system’s IT capabilities, which track and capture all project-related data as it progresses.
Makerere University’s Vice Chancellor, Prof. Barnabas Nawangwe, called on all stakeholders to collaborate and develop strategies to address gaps in public sector investments. He urged government officials, academics, development partners, and practitioners to use the conference platform to align strategies, share experiences, and explore new approaches to improve Uganda’s public investment outcomes.
Prof. Edward Bbaale -Principal of the College of Business and Management Sciences
“This platform is an opportunity for us all to come together and develop prudent solutions that will elevate our economy,” Prof. Nawangwe stated.
Prof. Edward Bbaale, Principal of the College of Business and Management Sciences (CoBAMS) at Makerere, praised the alignment of the conference theme with the mission of Makerere University’s Public Investment Management Centre of Excellence (PIM CoE). The Centre has been at the forefront of providing transformative training and research for key stakeholders in Uganda’s public sector.
“Since its inception, the Centre has focused on building the capacity of Uganda’s public sector to manage public investments effectively and ensure value for money,” Prof. Bbaale said. He noted that over 200 public service officials have been trained in essential areas such as public investment management, financial and risk analysis, project implementation, and monitoring and evaluation (M&E), equipping them with the practical skills needed to enhance project appraisal and evaluation.
Hon. Matia Kasaija(5th L), Vice Chancellor Prof. Barnabas Nawangwe(on his left), Keynote Speaker Professor Glenn P. Jenkins(on his right) in a group photo with facilitators from Ministry of Finance and Makerere University.
In conclusion, the Public Investment Management Conference provided a critical platform for government officials, academics, and development partners to explore strategies for improving the efficiency and impact of Uganda’s public investments. As highlighted by the Minister of Finance and other key speakers, the focus on accountability, fiscal discipline, and inclusive socio-economic transformation is essential for driving the country towards middle-income status. With ongoing reforms and strengthened partnerships, Uganda’s public investment management system holds great potential to elevate the nation’s development trajectory.
It is with great pleasure that I welcome you to this edition of Mak News Magazine, a publication that continues to chronicle Makerere University’s journey as a centre of academic excellence, innovation, and societal transformation.
The stories featured in this issue vividly demonstrate Makerere’s unwavering commitment to addressing national, regional, and global challenges through research, partnerships, and people-centred solutions. They reflect a university that is deeply engaged with society, one that applies knowledge not only to advance scholarship, but also to improve lives.
A recurring theme in this edition is innovation for resilience and inclusion. From the College of Agricultural and Environmental Sciences’ Healthy Soy Initiative combating child malnutrition amid climate change, to the cutting-edge work of CEDAT’s Team Green Minds integrating IoT into agriculture, Makerere continues to harness science and technology to respond to pressing development needs. Equally inspiring is the College of Natural Sciences’ success in securing international funding to scale up fish processing technologies, with a deliberate focus on empowering women and strengthening livelihoods.
This issue also highlights Makerere’s growing role in advancing health and wellbeing. The launch of the Early Intervention Psychiatry Services Clinic at Makerere University Hospital marks an important step in strengthening mental health services, while the Hospital’s transformation from a modest sickbay into a centre of excellence stands as a testament to decades of strategic investment, dedication, and service to the nation.
Our commitment to education access and global engagement is equally evident. Strategic partnerships, such as that between the College of Education and External Studies and the Uganda Vocational and Technical Assessment Board, are expanding pathways to quality education. The establishment of the first-ever United States Studies Centre in the Great Lakes Region positions Makerere as a hub for dialogue, research, and policy engagement on global affairs. We also celebrate our vibrant international community, with graduates drawn from 67 nationalities—affirming Makerere’s status as a truly global university.
This edition further showcases initiatives that ensure long-term institutional sustainability, including the launch of the CoCIS Endowment Fund, infrastructure developments such as the modern hostel at Buyana Farm, and transformative programmes supported by the Mastercard Foundation that continue to empower young people across the continent.
As you read through these pages, I invite you to reflect on the collective effort of our students, staff, alumni, partners, and supporters whose contributions make these achievements possible. Together, we continue to shape Makerere University as a place where knowledge serves humanity.
The Board Chairperson of the Makerere University Endowment Fund (MakEF), Dr. Margaret Blick Kigozi, has urged graduands in Health and Life Sciences to uphold professional ethics and serve humanity with diligence and compassion.
Her appeal came during the passing out of graduates from the College of Natural Sciences (CoNAS), the College of Veterinary Medicine, Animal Resources and Bio-Security (CoVAB), the College of Health Sciences (CHS) and the School of Public Health (SPH) on Day Two of the 76th Graduation Ceremony of Makerere University.
“Class of 2026, you are now part of the Makerere legacy. Wherever you go clinics, laboratories, farms, boardrooms, or classrooms, you carry this institution with you. Serve your patients with skill and compassion. Care for animals and communities responsibly. Question boldly and keep learning,” Dr Kigozi, said.
Delivering the commencement address, Dr. Kigozi lauded the graduates for their dedication to careers that directly impact lives and communities. She encouraged them to use their knowledge generously and exercise their power gently.
“Your education has trained you to ask better questions. Your humanity must guide the answers. Never forget that behind every chart, every case, every animal, every experiment, there is life. And life deserves care, patience, and dignity. Give every person you come in contact with care, patience and dignity,” Dr Kigozi, noted.
As the graduates embark on their professional journeys, Dr. Kigozi emphasized the importance of cultivating basic business acumen and financial literacy to ensure sustainability in their work.
R-L: Vice Chancellor-Prof. Barnabas Nawangwe, Dr. Maggie Kigozi, Vice Chair Council-Rt. Hon. Daniel Kidega and Chair Council-Dr. Lorna Magara in the Academic Procession.
“You do not need to become accountants but you must be able to read the essentials: understand simple financial statements, budgets and key metrics so you can judge whether a clinic, lab, or program is sustainable. You are encouraged to start your business. There are numerous investment opportunities in your areas of training. You can provide services to our people and create jobs,” Dr Kigozi, said.
She shared candidly how, when she first stepped into leadership, she realised she did not understand balance sheets or budgets well enough. So, she returned to Makerere for short courses to strengthen herself.
“A well-run Hospital, clinic or lab delivers better outcomes, attracts staff, and secures funding. Business savvy is not only about profit, it’s about sustainability and the freedom to serve ethically and effectively. Carry clinical skill with business sense so your work endures and grows,” Dr. Kigozi, noted.
Quoting renowned writer and producer Shonda Rhimes, creator of Grey’s Anatomy, who once reflected that succeeding in one area of life can sometimes mean falling short in another, Dr. Kigozi encouraged women graduates to intentionally balance professional ambition with family responsibilities.
“When one area thrives, another is often under strain. When Navio was graduating from school I had to manage the Presidential Investor Round Table on the same day as Executive Director Uganda Investment Authority. I chose my job and delegated his siblings to attend Navios graduation. I learnt from this. I choose family always after that thing you achieve once and keep forever,” Dr Kigozi, said.
In his speech, the Prof Barnabas Nawangwe, the Vice Chancellor, informed the congregation that Makerere’s ranking on all university ranking platforms has remained stable, placing Makerere among the top 10 African universities and within the top 4.5% globally.
“In the Times Higher Education global ranking, Makerere University made a formidable jump from the 1200-1500 bracket to the 800-1000 bracket. This was no mean achievement and I congratulate all members of the Makerere Community on this stellar performance,” Prof Nawangwe, said.
“A degree is not a finish line. Graduation is not the end of learning, It is the beginning of accountability,” Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network Nairobi, Kenya (ATPS), said.
Delivering a keynote address under the theme ‘Knowledge with purpose’, during Makerere University’s 76th graduation ceremony on Tuesday 24th February, Prof Ozor, challenged graduates to see their degrees not as status symbols, but as instruments of responsibility.
In his speech, he painted a candid picture of the world the graduates are stepping into, one marked by climate change, technological disruption, inequality, food insecurity and the rapid spread of misinformation. Yet rather than framing these challenges as obstacles, he described them as opportunities for purposeful leadership.
“Into this world, you step, armed with knowledge, credentials, and potential. Your degrees do not make you better than others. They make you responsible for others,” Prof Ozor, said.
Addressing graduands from College of Agricultural and Environmental Sciences (CAES) College of Computing and Information Sciences (CoCIS), College of Education and External Studies (CEES) and School of Law (SoL), Prof. Ozor tailored his message to each field of study.
To graduates of the School of Law, he described the legal profession as a moral calling, urging them to use the law to protect the vulnerable and uphold justice with courage.
“Uganda, Africa, and the world do not need lawyers who only know how to argue. They need lawyers who know why they argue. Use the law to protect the weak, not intimidate them. Use your knowledge to defend justice, not delay it. Let integrity define your reputation not merely your résumé,” Prof Ozor, said.
For graduands who might feel that shortcuts will be tempting and silence will feel safer than truth, Prof. Ozor reminded them that justice does not need clever people, but courageous ones.
To the College of Education and External Studies, he underscored the transformative power of teachers, reminding them that classrooms shape nations long before policies do.
“Every nation rises and falls on the quality of its teachers. Never underestimate the power of a classroom. Teach not only for examinations, but for understanding. Teach not only content, but character. Teach learners how to think not what to think. Education is quiet work but its impact echoes across generations,” Prof Ozor, noted.
He called upon graduands from the College of Computing and Information Sciences, to use technology to solve African problems, not merely to imitate foreign solutions.
“Technology is powerful, but it is not neutral. Every line of code carries values. Every system you design affects real lives. Build for inclusion. Build for accessibility. Build for truth. Do not let innovation outrun ethics. The future will not belong to those who know the most technology, but to those who use it wisely,” He noted.
During the ceremony, Prof Ozor announced that the African Technology Policy Studies Network is offering PhD scholarships and postdoctoral fellowships in Artificial Intelligence, inviting deeper collaboration with Makerere.
For graduates of the College of Agricultural and Environmental Sciences, he highlighted their critical role at the intersection of sustainability and survival, calling on them to blend indigenous knowledge with scientific innovation to secure Africa’s food systems and protect its ecosystems.
In closing, he reminded graduands that their integrity will open doors their degrees cannot, their humility will teach them lessons success never will, and their resilience will matter more than their grades.
Five principles to be remembered:
Embrace lifelong learning. The world changes too fast for static knowledge.
Choose purpose over comfort. Impact matters more than income.
Build character before career. Skills get you hired; character sustains you.
Serve something larger than yourself. Give back to your communities and your country.
Believe in Africa, and act. Do not wait for solutions from elsewhere. Be the solution.