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Minister Kasaija Calls for Strategic Public Investments to Drive Uganda’s Economic Transformation at Inaugural PIM Conference

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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.

Betty Kyakuwa
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Statement on Concerns Circulating Regarding a Member of Academic Staff

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Front View of the reconstructed Main Building, Makerere University. Date Taken 8th November 2024. Kampala Uganda, East Africa.

Makerere University has noted the serious concerns raised publicly through social media video posts regarding the conduct of a member of staff. We recognise that such matters can cause profound distress and that it takes courage to speak about experiences of harm. The University takes all matters relating to the safety, dignity, and welfare of its students, staff, and visitors with the utmost seriousness.

Makerere maintains a zero-tolerance policy toward sexual harassment, gender-based
violence, and any form of misconduct that threatens the well-being of members of the University community. Formal reports of sexual harassment are handled through established
procedures with the seriousness they deserve.

The University has deliberately put clear policies and procedures in place, including the
Safeguarding Policy, the Policy and Regulations Against Sexual Harassment, and staff
disciplinary processes. These are designed to ensure that any formal complaints received are
investigated thoroughly, fairly, and confidentially, while upholding the principles of natural justice and due process for all parties.

Students, staff, and visitors who have concerns are encouraged to make a formal report through the available channels, including the Gender Mainstreaming Directorate, the Office of the Dean of Students, or MakSafeSpace (the University’s online platform that facilitates anonymous and confidential reporting). Professional support services remain available at the University Counselling and Guidance Centre for those who need them.

Makerere University remains committed to fostering a safe, respectful, and inclusive learning and working environment for all. We will continue to strengthen our systems for prevention, reporting, and accountability.

Makerere University Management.

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Beyond Map Size: Africa’s Agency Should Not Be Funded by Other People

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L-R: Ms. Doreen Katangaza who represented the Guest of Honour-Dr. Adam Mugume, Prof. Pamela Mbabazi, Prof. Vincent Anigbogu, Dr. Lorna Magara and other dignitaries a the Conference on 30th September 2026. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.

Dr. James Magara, a futurist and Chairman of Yobel Biashara Initiative stood before an audience at Makerere University on September 30, 2026, and projected a map of the world. It was upside down.

He asked the room if anything was wrong, and as the audience hesitated, he revealed that “in 1569, the Flemish cartographer and geographer whose name was Gerardus Mercator, developed a map now known as the Mercator projection. It represented the curved shape of the Earth on a flat map.” He simplified it saying, the Mercator map accurately shows direction and local shape, but it distorts the size of places, especially those that are located near the poles. He pointed out that the map distorts the size of continents, making Greenland appear as large as Africa, when in reality, Africa is 14 times larger.

Fixing the map was easy and free, it took one vote, Dr Magara said, referencing the recent United Nations resolution that encouraged accurate area projections. Indeed fixing the map was easy but the actual material weight of this continent and its institutions that run within the world economy is why dialogues like this exist. “Until we (Africa) fund our own institutions ourselves, the continental agenda will keep belonging to whoever writes the check.”

This and more were part of Dr. Magara’s opening remarks while delivering a keynote at the YOBEL Biashara Conference 2026 hosted at Makerere University School of Public Health Auditorium.

Ms. Doreen Katangaza shakes hands with Dr. James Magara after his keynote address. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Ms. Doreen Katangaza shakes hands with Dr. James Magara after his keynote address.

The event, was co-hosted by the CASTLE Think Tank, YOBEL Biashara, and Makerere University under the theme: “Africa’s Agency in an Era of Geopolitical Change: Trade, Investment and Economic Transformation,” brought together a diverse assembly of policymakers, academics, and private sector leaders.

Representing Dr. Adam Mugume the Chief Guest who could not make it due to unavoidable circumstances, Ms. Doreen Katangaza, a researcher and economist at the Bank of Uganda (BoU) delivered his remarks while reflecting on Dr. Magara’s keynote.

She explained “what agency means in economic policy, is not isolation, it’s not withdrawal, but the capacity to choose, to negotiate, and to act.”

She emphasized that relying on external factors or rhetoric is insufficient for long-term transformation. Instead, she suggests that agency is defined by internal strength and the ability to act independently. As she states, “Africa’s agency will not only be secured by rhetoric. It will be built through capabilities. The capability to produce, the capability to finance development, capability to manage shocks and above all, capability to make choices based on our own long-term interests and people’s priorities.”

University Secretary-Mr. Yusuf Kiranda (L) and other attendees interact with Dr. James Magara at the Conference. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
University Secretary-Mr. Yusuf Kiranda (L) and other attendees interact with Dr. James Magara at the Conference.

Ultimately, Ms. Katangaza aligned with all speakers mobilising for a holistic approach involving government, the private sector, and academia to build these foundations. She noted that the Bank of Uganda is committed to harmonising policies and payment systems to support this, but success depends on whether these ideas translate into tangible outcomes, such as stronger institutions and resilient economies, when stakeholders reconvene in the future.

She concluded by congratulating the YOBEL Biashara Initiative, CASTLE Think Tank, and Makerere University for organizing the forum “a platform for thoughtful discussion about Africa’s economic future.” She thanked all the speakers, all panelists, and participants for their valuable contribution and attention during her communication and entire event.

Cost of Institutional Dependence to the Continent

Dr. Magara’s address was his critique of the continent’s institutional funding. He pointed out that member states currently fund only 24% of the African Union’s own program budget.  Charity begins at home, he stated. With 76% out of every dollar the African Union spends coming from partners outside the continent. He argued that this dependency is self-inflicted and fixable.

He advised that if we genuinely want a technology-creating continent, the work has to start in the primary school classroom, not in the university innovation hub. He added, while also highlighting that Africa’s research and development spending sits at 0.4 percent of GDP, far below the world average.

Dr. James Magara. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Dr. James Magara.

Dr. Magara also addressed the implementation gap that has affected the continent for decades. He suggested that the failure to execute on well-crafted strategies is not just a capacity problem, but a result of selfish interests within. Some people are benefiting from the way things are, he explained. So, if they change, they will lose the benefit.

As a futurist and leadership strategist, Dr. Magara used his keynote address to also dismantle some of the comfortable narratives often repeated in policy circles. He challenged the audience to reconsider the concept of agency, arguing that choice only becomes agency when backed by the capacity to act. He pushed back against the common narrative that Africa’s youth population is automatically a demographic dividend.

A youth bulge without a falling birth rate, without matching job creation is not a dividend, he warned. It is a dependency burden wearing dividends lobbying.

Dr. Magara said, “if you ask any panel anywhere on this continent why Africa has not industrialised, you will get the same three answers almost every single time. Not enough skills, not enough infrastructure, not enough finance. And all of this is true. All of it is real. None of it should be dismissed.” But none of those three answers explains a much stranger fact sitting right in front of us, “why have we been writing almost identical strategy documents, making almost identical recommendations for 30 years plus.”

Dr. James Magara presents his keynote address. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Dr. James Magara presents his keynote address.

He urged the room to be honest about the reality of the labor market, noting that every year, between 10 and 12 million Africans enter the labor market, while economies create roughly three million formal jobs. That gap cannot close itself, he stated. And it does not close by wishing it away in a policy document.

Engagement with Dr. Magara’s Keynote

The keynote featured significant engagement, primarily from Professor Pamela Mbabazi, Ms. Allen-Sophia Asiimwe, and Dr. Fred NK Muhumuza, who offered diverse perspectives that somewhat aligned with, and at certain points challenged his arguments.

Professor Pamela Mbabazi, Executive Chairperson of the National Planning Authority (NPA), offered a government perspective on the issues raised. She acknowledged the disconnect between some policy and deep thinking. Siding with Dr. Magara, there is a visible rush into making decisions without having deep thinking and engaging with amazing think tanks like YOBEL, CASTLE, she admitted.

Prof. Pamela Mbabazi. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Pamela Mbabazi.

She called for a more intentional approach to policymaking, urging think tanks to collaborate more closely with government bodies like the NPA. She explained that countries like China did not get to where they are by accident, they were intentional to include their think tanks into policy making and no decisions were made haphazardly.

Professor Mbabazi suggested that as a country and continent we can have our think tanks drive policy if we want to build a five-hundred-billion-dollar economy by 20240.

She concluded her submission joining Dr Magara in questioning whether Africa could credibly speak of strategic agency when the institutions through which agency is exercised remain substantially dependent on financing from elsewhere.

Allen Sophia Asiimwe the Deputy CEO/Chief of Programme at trademark Africa addressed the conference via zoom, and expressed she was happy “when Dr. Magara started off with a question on the size of Africa on the map and in reality, it matters.”

Ms. Allen Sophia Asiimwe contributes virtually. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Ms. Allen Sophia Asiimwe contributes virtually.

However, she challenged some of his assertions on financing. She requested to push back on this very strongly saying “If you look at how Africa is made up, a lot of our countries are still very poor,” arguing that the continent’s economic reality as of now requires external support.

With that said, she shifted the focus from external funding to internal inefficiencies, agreeing that Africa is sabotaging its own growth through non-tariff barriers, noting, “we are self-sabotaging. If we opened up for trade, if we allowed goods to cross the borders, we may actually make a big difference,” Ms. Asiimwe discussed.

Dr. Fred Muhumuza a prominent Ugandan development economist, senior lecturer, and policy advisor also engaged with the views on economic planning and indicators.

He agreed that think tanks are an issue, and that they must be embraced for the better. We must think about our problems, talk about them, and see what sense we make to ourselves.

Dr. Fred Muhumuza. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Dr. Fred Muhumuza.

Dr. Muhumuza questioned the premise that the source of financing is the primary issue, suggesting that the quality of the plan being financed is more critical.

Major General Gregory Mugisha Muntuyera, added his voice to Dr Magara’s arguing that beyond map size, Africa’s development is hindered not by a lack of potential, but by a mindset of dependency. Drawing a contrast to the conditioning of elephants in India mastered by small humans.

The General stated, “we have got the knowledge, we have got the qualifications, but we have been conditioned.”

Maj, Gen, Gregory Mugisha Muntuyera (L) interacts with Guild Speaker Rt. Hon. Trevis Mutatiina Muhwezi (R). YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Maj, Gen, Gregory Mugisha Muntuyera (L) interacts with Guild Speaker Rt. Hon. Trevis Mutatiina Muhwezi (R).

He emphasized that true progress requires discipline for ” without this nothing is going to happen” regardless of how many conferences are held.

The Cost of a Broken System

Ms. Eseza Mulyagonja, a member of the YOBEL Biashara board, as one of the opening speakers, issued a strong reminder of the urgency required in addressing the continent’s challenges.

Ms. Mulyagonja shared a story so dear to her, of a young boy in a village who died after being bitten by a snake because he was not in school, for his fees were unpaid. She used this to illustrate the human cost of broken systems and advised that we do not have to wait for calamity to strike, since this is a story that is so common.

Ms. Eseza Mulyagonja. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Ms. Eseza Mulyagonja.

She said as a continent, we have got to confront these things saying if we do not bring these stories close to home, we will not be propelled to change the direction for the better.

MAKERERE-CASTLE-YOBEL A PARTNERSHIP FOR AFRICA’S TRANSFORMATION

Representing Professor Sarah Ssali, the First Deputy Vice Chancellor in charge of Academic Affairs, Professor Edward Bbaale the Principal College of Business and Management Sciences, emphasised the institution’s commitment to being an active partner in national and continental transformation acknowledging the global economic order is undergoing profound change, characterised by geopolitical realignment and an accelerating energy transition.

Prof. Edward Bbaale. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale.

“These questions cannot be settled in just one conference. These are conversations that we’re going to have to continue even after here. So once again, I thank our chief guest, our keynote speaker, our discussants, our partners, the organizers, and every one of you who have made this time a meaningful time spent and made meaningful contributions to Africa’s future.

“The important question, therefore, is not simply how Africa will be affected by these changes, but how Africa will shape them”, Professor Bbaale remarked.

Crowning the remarks from the host institution, Makere University Chairperson of Council Dr. Lorna Magara appreciated everyone that was present for this noble conversation.

She said, “I trust that each of us leaves today with at least one idea that we are going to execute for the good of our continent.”

Dr. Lorna Magara shares a light moment with other dignitaries during the Conference. YOBEL Biashara Conference 2026, theme: Africa's Agency in an Era of Geopolitical Change-Trade, Investment and Economic Transformation, Makerere University School of Public Health Auditorium, 30th September 2026, Makerere University, Kampala Uganda, East Africa.
Dr. Lorna Magara shares a light moment with other dignitaries during the Conference.

She proposed that the first item on the agenda of the YOBEL Biashara 2027 conference should be looking at the scorecard of what has been done to see that Africa increasingly moves from being a passive recipient of global economic decisions to becoming an active participant in shaping the rules, institutions, and partnerships that determine its development direction.

View Pictorial: https://flic.kr/s/aHBqjD6mhp

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Elvis Lubanga, Makerere University, Kampala Uganda, East Africa.
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Press Statement: Incident Involving Death of a Student at Makerere University

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An older photo of the Main Building, Makerere University, Kampala Uganda as seen from across the Freedom Square. Date taken: 22nd October 2012. Kampala Uganda, East Africa.

Makerere University confirms with deep sadness the death of Kabuye Kelvin Charles, a second-year student pursuing a Bachelor’s degree in Architecture at the College of Engineering, Design, Art and Technology (CEDAT).

On the early morning of 28th September 2026, the body of the deceased was discovered on campus inside the fence that houses the MTN mast opposite the University Library. University security promptly reported the matter to Makerere Police Station. Police officers responded immediately and have handed over the investigation to the Wandegeya Homicide Desk and Scene of Crime Officers.

The cause of death is not known at this time; however, a post-mortem examination has been requested, and investigations remain ongoing. The University is fully cooperating with the Uganda Police Force.

The University Management extends its heartfelt condolences to the family, friends, and classmates of the late Kabuye Kelvin. We share in this profound loss and pain.

Members of the University community who may be affected by this incident are encouraged to seek assistance. Counselling and psychosocial support services are available to all students and staff through the University Counselling and Guidance Centre. Makerere University remains committed to the safety and well-being of its students and staff.

We will provide further updates as official information becomes available from the investigating authorities.

Mak Editor

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