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.
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.
Pomp and colour defined the opening day of the Makerere University’s 76th Graduation Ceremony as thousands gathered to celebrate academic excellence and new beginnings.
The historic ceremony has brought together scholars, families, friends and industry partners in a vibrant celebration of achievement and possibility. Throughout the four-day event, the University will confer degrees and award diplomas to 9,295 graduands in recognition of their dedication and hard work.
Among the graduates, 213 will receive Doctor of Philosophy (PhD) degrees, 2,503 will graduate with Master’s degrees, and 6,343 will earn Bachelor’s degrees. In addition, 206 students will graduate with postgraduate diplomas, while 30 will be awarded undergraduate diplomas.
Of the total number of graduands, 4,262 are female and 5,033 are male. According to Vice Chancellor, this marks the first time in 15 years that male graduands have outnumbered their female counterparts.
The best overall graduand in the Sciences, Esther Ziribaggwa, graduated on the opening day with the Bachelor of Agricultural and Rural Innovation and an impressive Cumulative Grade Point Average (CGPA) of 4.77.
Best Overall Student in the Sciences-Esther Ziribaggwa accompanied by her parents and the Chairperson Convocation-Mr. George Turyamureeba receives a cheque from the Chancellor.
The ceremony marks a proud moment for Makerere University as it continues to nurture top-tier professionals across diverse fields.
While presiding over the graduation, the State Minister for Primary Education, Hon. Dr. Joyce Moriku Kaducu, on behalf of the First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni, pointed out that Makerere University is a model institution, where leaders are nurtured, scholars are sharpened, and where dreams have been given direction.
In her address, Hon. Museveni, highlighted Government’s deliberate investment in research, innovation, and infrastructure to strengthen higher education in Uganda.
“The establishment of the Makerere UniversityResearch and Innovation Fund (RIF), supports high-impact research and innovation that directly contributes to national priorities and development. Through this initiative, thousands of researchers and innovators have pursued practical, scalable solutions that are transforming communities and key sectors across Uganda,” Mrs Museveni, said.
The Minister also noted that Parliament’s approved a USD 162 million concessional loan to upgrade science, technology, and innovation infrastructure at Makerere University. The funding will facilitate the construction of modern laboratories, smart classrooms, and state-of-the-art facilities for Engineering and Health Sciences, investments expected to position the University firmly within the Fourth Industrial Revolution.
“Government has embarked on the construction of a National Stadium at Makerere University and other institutions of higher learning across the country. This will promote physical education, strengthen talent identification, and boost investment in the sports sector,”
Hon. Dr. Joyce Moriku Kaducu.
Turning to the graduands, the Minister encouraged them to see themselves not merely as job seekers, but as job creators and solution-makers.
Uganda and Africa need innovators who will modernize agriculture; engineers who will build quality infrastructure; healthcare professionals who will strengthen health systems; and educators who will inspire the next generation,” the Honourable Minister said.
She reminded graduates that they are entering a rapidly changing world shaped by Artificial Intelligence, climate change, and shifting global markets. To thrive, she advised them to remain adaptable, creative, and committed to lifelong learning.
She also encouraged graduates interested in entrepreneurship to tap into the Government’s Parish Development Model, which provides community-based financing and production support.
Quoting Proverbs 3:5–6, the Minister urged the graduates to trust in God as they embark on their next chapter.
She extended special appreciation to the Mastercard Foundation for its 13-year partnership with Makerere University in expanding access to education and empowering young people in Uganda and beyond.
In his speech, the Chancellor of Makerere University, Dr Crispus Kiyonga, urged graduands to harness research, innovation and technology to drive Uganda’s transformation.
Hon. Dr. Crispus Kiyonga (Right) congratulates PhD Graduate-Dr. Patrick Emmanuel Muinda (Left).
“This is a milestone in your lives. You have invested time, discipline and hard work to attain these qualifications. It is important that you derive value from this achievement, not only for yourselves, but for your families and for society.” Dr Kiyonga, said.
Dr. Kiyonga expressed gratitude to the Government of Uganda for its continued financial support to the University, particularly the funding allocated under MakRIF, which he described as critical in strengthening the institution’s research capacity.
“Research plays a very vital role in the development of any community. Makerere as the oldest University in the country is doing a significant amount of research, However, more work is required to mobilize additional resources to further strengthen research at the University.” Dr Kiyonga, noted.
Acknowledging the challenges of a competitive job market, Dr. Kiyonga encouraged graduates to think beyond traditional employment pathways.
“It is true that the job market may not absorb all of you immediately. But the knowledge you have acquired is empowering. You can create work for yourselves, individually or in teams.” Dr Kiyonga, said.
He advised the graduands to embrace discipline, integrity and adaptability in the workplace, and to take advantage of technology and digital platforms to innovate and respond to societal challenges.
“Every development challenge presents an opportunity. Believe that you can apply your knowledge to create solutions with impact.” He said.
Addressing the congregation, the Vice Chancellor, Prof Barnabas Nawangwe, congratulated the graduands, particularly staff and societal leaders on their respective achievements.
Prof. Barnabas Nawangwe.
“I congratulate all our graduands upon reaching this milestone. In a special way I congratulate the members of staff, Ministers, and Members of Parliament that are graduating today as well as children and spouses of members of staff,” Prof Nawangwe, said.
In his speech, Prof Nawangwe, recognized outstanding PhD students, particularly members of staff. who completed their PhDs in record time without even taking leave from their duties.
He called upon graduates not to despise humble beginnings but rather reflect on the immense opportunities around them and rise to the occasion as entrepreneurs.
“You are all graduating with disciplines that are needed by society. We have equipped you with the knowledge and skills that will make you employable or create your own businesses and employ others. Do not despair if you cannot find employment. Instead, reflect on the immense opportunities around you and rise to the occasion as an entrepreneur,” Prof Nawangwe, said.
Prof Nawangwe called upon the graduands of PhDs to use their degrees to transform the African continent.
“As you leave the gates of Makerere I urge you to put to good use the knowledge you have received from one of the best universities in the World to improve yourselves, your families, your communities, your Country and humanity. Let people see you and know that you are a Makerere alumnus because of the way you carry yourself in society with dignity and integrity. Put your trust in God and honour your parents and opportunities will be opened for you,” Prof Nawangwe, said.
Delivering a key note address, Prof. Nicholas Ozor, the Executive Director of the African Technology Policy Studies Network Nairobi, Kenya ((ATPS). Reminded the graduates that a degree is not a finish line but the beginning of accountability. “The world is a complex, fast changing and deeply unequal. Degrees make you responsible for others not better than them,” Prof Ozor, said.