The Public Investment Management (PIM) Centre of Excellence, housed at the College of Business and Management Sciences (CoBAMS), Makerere University, has commenced its advanced capacity-building training on Economic and Stakeholder Analysis. This two-week program has attracted economists from various Ministries, Departments, and Agencies (MDAs) across Uganda, emphasizing the importance of integrated investment appraisal in public sector decision-making.

The training was officially opened today by Dr. Hennery Sebukeera, representing the Permanent Secretary/Secretary to the Treasury (PSST) of the Ministry of Finance, Planning, and Economic Development (MoFPED). In his remarks, Dr. Sebukeera acknowledged the collaborative efforts between MoFPED, Makerere University, and Cambridge Resources International (CRI), highlighting the program’s significance in equipping participants with expertise in evaluating the economic impacts of public projects. “This is a life changing opportunity for all of you attending this training,” Dr. Sebukeera, the Technical Adviser Budget, said.

A Platform for Excellence

Prof. Edward Bbaale, Director of the PIM Centre of Excellence and Principal of CoBAMS, expressed his gratitude to MoFPED for its financial support, which has been instrumental in sustaining the Centre’s initiatives. He also commended the participants’ resilience and commitment, as many are returning for their second phase of training following the completion of financial and risk analysis modules earlier this year.

“This advanced course blends theoretical frameworks with practical applications, enabling participants to appraise projects in critical sectors like roads, energy, water, and electricity from the perspective of the government budget and the economy,” said Prof. Bbaale.

A Collaborative Effort

The program features a robust partnership with Cambridge Resources International and Queen’s University in Canada, whose faculty members have played a pivotal role in shaping Uganda’s public investment landscape. CRI’s Executive Director, Dr. Mikhail, will personally facilitate sessions on microeconomics, economic opportunity costs, and stakeholder analysis, ensuring participants gain hands-on experience through lab sessions and case studies.

Makerere University’s Vice Chancellor and faculty were also lauded for their unwavering support in ensuring the Centre’s success, which extends beyond training to research and advisory roles for the government. The Centre recently revised the Development Committee guidelines for MoFPED and assessed project performance under Uganda’s National Development Plans.

Empowering Future Experts

Participants will receive a prestigious tripartite certificate from Makerere University, MoFPED, and Queen’s University upon completion. Prof. Bbaale urged the participants to embrace their role as ambassadors of Integrated Investment Appraisal, applying their skills to improve resource allocation and fiscal responsibility in their respective MDAs.

With a mission to enhance public investment management practices, the Centre continues to build a legacy of excellence, contributing significantly to Uganda’s socio-economic development.