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.
“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.
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.
“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.
“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.
“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.
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.
On Sunday, February 2, 2025, Makerere University hosted the Mastercard Foundation Scholars Council Representatives meeting, which brings together young people from around 45 partner universities of the Mastercard Foundation.
During the event, Vice Chancellor Prof. Barnabas Nawangwe urged young people to prepare for leadership roles in innovation, especially starting with their communities, if they wish to see the positive transformation they desire in Africa.
“I urge you to connect and network with your peers and discuss how you can form inter-university teams to innovate solutions that will address the development challenges in our communities for the transformation of the African continent.” Prof. Nawangwe remarked.
Prof. Nawangwe applauded the Mastercard Foundation for its partnership with Makerere University and Uganda in general, which has uplifting effects on many young people.
“Makerere University and Uganda have made remarkable strides in providing Higher Education to Young People, thanks to the generous support of the Mastercard Foundation, which has contributed significantly to educating the next generation of African leaders. Through valuable initiatives and partnerships, such as the Mastercard Foundation Scholars Program, Makerere University is poised to continue educating young individuals who will significantly impact Uganda’s and Africa’s economic growth.” Prof. Nawangwe noted.
The Vice-Chancellor, Prof. Nawangwe, further urged young people to seize the opportunities the Mastercard Foundation and other like-minded development partners presented to improve their lives and communities.
“The Mastercard Foundation has given you the platform and opportunity to be leaders and beacons of change. Embrace this responsibility with courage. Let the core values of the Scholars Program—humility, listening, kindness and respect, co-creation, and impact—guide your actions,” Prof. Nawangwe emphasized.
While speaking at the same event, the Program Director of the Mastercard Foundation Scholars Program at Makerere University, Prof. Justine Namaalwa, enumerated high-level achievements the Program had accomplished for the last decade at Makerere University. She pointed out that in terms of scholarship enrolment, the Program had recruited 1,032 Scholars, of which 76% were Females, 7% were Internationals, 4% were Refugees, and about 1% were Youth with Disabilities.
Prof. Namaalwa further pointed out other post-graduation achievements, including a 94% completion rate of the total number of Scholars enrolled in the Scholars Program. She pointed out that between 2018 and 2025, the Program had graduated 964 Scholars, of which 37% were employed, mainly in the private sector.
Prof. Namaalwa revealed that beyond the Scholars Program, the Mastercard Foundation had put other initiatives supporting the university in numerous ways. She pointed out other initiatives such as the e-learning initiative, a COVID-19 Response measure to ensure continuity of Teaching and Learning at Makerere University and the Climate Resilience and Sustainability Collaborative: Makerere University, in collaboration with the University of Ghana, the University of Cape Town, and the University of Cambridge, is implementing a new initiative that addresses one of the world’s most significant challenges in recent times—climate change.
Prof. Namaalwa revealed that the Research Collaborative would provide opportunities for MSc and PhD scholarships to African students and encourage young people to enrol as graduate students starting in the academic year 2025/2026.
The event was punctuated with fireside chats, during which young people had an opportunity to discuss a number of topical issues related to entrepreneurship and Transformative leadership. Thereafter, the visiting students were taken on a guided tour around Makerere University.
The Mastercard Foundation Scholars Council comprises student leaders from partner Universities. Each Partner University has one Council Representative. They represent the needs of Scholars and work with the Mastercard Foundation Scholars Program teams at each institution, the Mastercard Foundation, and Alumni.
On Monday 3rd February 2025, the Vice Chancellor, Prof. Barnabas Nawangwe handed over three (3) university buses to the respective leadership in the College of Agricultural and Environmental Sciences (CAES), the College of Health Sciences (CHS), and the College of Veterinary Medicine, Animal Resources and Biosecurity (CoVAB).
The new buses mark a significant improvement in mobility and learning for Makerere University students and staff, furthering the institution’s commitment to practical education and community service.
Speaking at the handover ceremony held at the University’s Freedom Square, Prof. Nawangwe highlighted the significance of the new buses in enhancing teaching and learning. “These buses will play a crucial role in improving students’ practical learning experiences by ensuring reliable transportation for fieldwork and community outreach,” he said.
Prof. Nawangwe expressed gratitude to the Parliament and the Government of Uganda for providing the resources for the new buses, emphasizing their importance in replacing the old fleet, which frequently breaks down. The new 2023 model buses, with a 67-seater capacity, were secured at a cost of UGX 626million each and are expected to save the university significant maintenance costs and improve the learning experience for students.
Principals from the respective colleges expressed their appreciation for the new buses. Prof. Frank Norbert Mwiine, Principal of CoVAB, emphasized the importance of the buses for practical training at locations such as Lake Mburo National Park. Associate Prof. Gorettie Nabanoga, Principal of CAES, and Associate Prof. Bruce Kirenga, Principal of CHS, highlighted the buses’ role in facilitating community engagement and outreach.
He explained that the decision to purchase Isuzu buses instead of those manufactured by Kiira Motors Corporation (KMC) a Makerere University partner, was based on prior engagement with the former, as well as the need to utilize the allocated funds promptly within the Financial Year, which couldn’t be accomplished at KMC due to their high demand.
Stephen Wandera, cohort 2, Makerere University, was nominated for the prestigious Vice Chancellor’s Research Excellence Award 2025. This nomination recognizes his outstanding contributions to research excellence. The award ceremony took place on January 14, 2025, during the Convocation luncheon, following the 75th graduation ceremony of Makerere. We congratulate Stephen on this significant achievement and commend his dedication to advancing research within his field.