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Youth Urged to Embrace Entrepreneurship for Economic Empowerment

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At the recent Makerere University Entrepreneurship Congress 2024, held under the theme “Entrepreneurship as a Catalyst for Inclusive Growth”, Uganda’s State Minister for Gender, Labour, and Social Development, Hon. Balaam Barugahara, highlighted the transformative power of entrepreneurship. “Entrepreneurship promotes social mobility, fosters innovation, and empowers young people,” he said, emphasizing its role in addressing unemployment, limited opportunities, and inequality.

The event, organized by the Entrepreneurship and Outreach Center (MakEOC) under the College of Business and Management Sciences (CoBAMS), focused on providing young people with practical skills and strategies for entrepreneurial success. Hon. Barugahara shared his entrepreneurial journey, urging young entrepreneurs to “start small, dream big, understand their market, and surround themselves with mentors.”

Prof. Edward Bbaale, Principal of CoBAMS, who represented the Vice Chancellor, emphasized that entrepreneurship is vital for Uganda’s economic growth and development, particularly in tackling underemployment. We aim to reinforce that growth must be inclusive, equitable, and accessible, ensuring that no one is left behind,” he remarked. He encouraged students and faculty to leverage the university’s resources to turn ideas into marketable products.

The Dean of the School of Business, Prof. Godfrey Akileng, underscored the role of entrepreneurship in achieving Uganda’s sustainable development goals, describing it as a crucial path for economic empowerment. “Through this congress, we aim to prepare students not only to create jobs for themselves but also to drive change and innovation that can uplift communities,” he stated.

Dr. Jude Mugarura, Head of the Department of Marketing and Management, commended the congress’s efforts in fostering entrepreneurship and noted the department’s role in developing well-rounded graduates. “Our goal is to produce graduates who can innovate, create, and manage businesses and also employ others,” he said, emphasizing the shift from “job-for-life” careers to “portfolio careers.”

The congress explored four core areas of modern entrepreneurship:

  1. Starting and Scaling a Small Business – Vision, resilience, and strong teamwork.
  2. Entrepreneurial Leadership and Mindset – Adaptability and comprehensive business planning.
  3. Technological Trends – Utilizing AI and data to fuel entrepreneurial growth.
  4. The Digital Hustle – Mastering digital presence, content creation, and engagement.

The event also featured insights from a range of panel speakers. Spera Atuhaire, Country Director of BRAC Uganda, discussed their mentorship-driven employment programs designed to empower young people. “Our initiatives focus on social economy, mentorship, and savings, helping youth overcome barriers to success,” she noted, adding that BRAC provides affordable credit to address financial challenges for young entrepreneurs.

Diana Ninsiima Kibuuka, Country Director of BNI Uganda, highlighted the importance of networking and understanding the values behind each network. “Each network serves a purpose, and you must understand that purpose,” she said, sharing her personal experience transitioning from law to entrepreneurship through her connection with BNI.

CK Japheth, founder of Innovation Village, emphasized the importance of testing business ideas for viability. “How do you reduce the time spent proving an idea is viable?” he asked, encouraging entrepreneurs to validate ideas through trial and error. “Find out by trying,” he advised, reminding participants that good ideas don’t automatically lead to successful businesses.

Diana Njuguna, an Associate Partner at Nyota Capital, discussed the challenges entrepreneurs face in securing funding, pointing to issues such as poor financial structure, inadequate governance, and complacency. “Strong financial management and qualified personnel are essential,” she said, urging young entrepreneurs to prioritize growth and avoid getting too comfortable in “lifestyle businesses.”

The Congress culminated in a well-attended Students’ Expo at Freedom Square, showcasing innovative student-led products and services. Dr. Sarah Bimbona, Director of Makerere University’s Entrepreneurship and Outreach Centre, praised the event, saying, “This year’s theme resonated deeply, addressing pressing challenges in Uganda’s entrepreneurial ecosystem.”

The Makerere University Entrepreneurship Congress 2024 succeeded in inspiring a new generation of entrepreneurs, promoting discussions on innovative solutions, and fostering partnerships that support Uganda’s socio-economic growth and development.

Betty Kyakuwa
Betty Kyakuwa

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Uganda Revenue Authority partners with CoBAMS to Launch Research Lab

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Staff from both URA and the College of Business Management Sciences in a group photo.

October 29, 2024 – Makerere University, Kampala

The Uganda Revenue Authority (URA) has inaugurated a research lab, aimed at boosting collaboration between URA and the academic community. The lab, which opened in 2022 with support from the United Nations University World Institute for Development Economics
Research (UN-WIDER), was officially launched at a recent event attended by URA officials, faculty members, and students. Mr Gerald Agaba, a research Assistant said the lab provides researchers and students with access to URA’s rich datasets, advancing data-driven research to inform policy and economic growth strategies.

Mr. Nicholas Musoke, URA’s Manager of Research and Statistics, underscored the importance of the lab, particularly in fostering awareness among Makerere University staff and students. He noted that while access currently requires an in-person visit to URA’s headquarters, virtual access for researchers is under consideration. The lab has already been utilized by researchers from the College of Business and Management Sciences (CoBAMS), including Dr. Susan
Kavuma and Dr. Ismail Kintu.

Prof. Edward Bbaale

Prof. Edward Bbaale, the Principal College of Business and Management Sciences, expressed appreciation to URA for selecting Makerere University as a strategic partner, highlighting the lab’s potential to bridge academia and public policy. He stated, “Access to administrative data is essential for high-quality research. This lab provides a unique platform for both faculty and students to apply theoretical concepts in a practical, impactful way, enabling them to engage in empirical research that addresses real-world economic challenges.”

Prof. Bbaale emphasized that the lab will empower students and faculty to conduct groundbreaking research in taxation, public finance, and fiscal policy. He called on students and faculty to embrace this opportunity and produce meaningful research that can inform evidence-based policy-making in Uganda.

The URA Research Lab is envisioned as a catalyst for greater collaboration and insight into Uganda’s tax system and economic structure, fostering the production of research that can enhance revenue mobilization and economic resilience.

The lab launch marks a significant step toward creating a partnership model between Uganda’s tax authority and academia, with hopes of expanding access and engagement with more researchers across the country.

Betty Kyakuwa
Betty Kyakuwa

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CoBAMS Students Gain Hands-On Experience at Kingfisher Oil Field

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Students at Central Processing Facility, Kingfisher

Hoima and Kikuube Districts, Uganda – October 20, 2024

A group of third-year students from College of Business and Management Sciences’s Energy and Natural Resources Economics program visited the Kingfisher oil operations and Kabalega Airport in Hoima and Kikuube districts on October 20, 2024. Led by Dr. Peter Babyenda and Dr. John Sseruyange, and with authorization from the Petroleum Authority of Uganda, the visit offered the students an invaluable opportunity to connect classroom learning with field experience.

The primary objective of the field trip was to enhance students’ practical understanding of Uganda’s oil industry by observing the extraction and production processes firsthand. According to Dr. Babyenda, “Blending theory with real-world exposure is essential for these students, as it allows them to apply and expand their knowledge beyond the classroom.”

During the tour, students explored several key areas:

  1. Practical Exposure – Witnessing the operational procedures of oil extraction offered students a concrete understanding of how theoretical concepts play out in the field, enhancing their grasp of the industry.
  2. Economic Impact Analysis – Observing the economic role of oil production in Hoima and Kikuube allowed the students to explore its broader impact on local and global markets and its contributions to community development and Uganda’s economic landscape.
  3. Technical Knowledge – The students gained insights into the technical aspects of oil extraction, learning about the complexities of the operations, the innovations employed, and the challenges faced by the industry.
  4. Environmental and Social Considerations – Students observed the environmental practices in place and evaluated the social dynamics involved, gaining an understanding of how oil companies balance production with community and environmental sustainability.
  5. Career Insights – With opportunities to interact with professionals in the oil sector, students received guidance on potential career paths in the industry, helping them make informed decisions about their futures.
  6. Current Industry Issues – The group also delved into the status of the East African Crude Oil Pipeline (EACOP) project and discussed challenges in oil and natural gas production, examining where Uganda stands in terms of production timelines, obstacles, solutions, and the role they can play as future energy professionals.
Students at Luwero Industries Waste Treatment Plant

Reflecting on the trip, Dr. Sseruyange highlighted the importance of this experience in solidifying students’ understanding of Uganda’s evolving oil industry. “This field experience not only complements what they’ve learned in lectures but also equips them with a real sense of the operational and societal impact of the energy sector,”he noted.

The students expressed their gratitude for the immersive experience, noting how it broadened their perspectives and deepened their knowledge. The field trip served as an essential step in preparing them for careers within Uganda’s energy and natural resources sectors, bringing them closer to the industry’s forefront and the future of sustainable energy in the region.

Betty Kyakuwa
Betty Kyakuwa

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EfD-Mak Honored as Runners-Up in Policy Impact Award at 18th EfD AGM

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Uganda Team (L-R) Eng. Domnic Mucunguzi, Mr. Jordan Ssemwanga, Dr. Florence Lwiza Nsereko, Mr. Nathan Mununuzi, Dr. John Sseruyange, Dr. Nicholas Kilimani, Dr. Susan Kavuma, Mr. Gyaviira Ssewankambo and EfD-Uganda Head Prof. Edward Bbaale. 18th Annual General Meeting (AGM) of the EfD network, held from October 3 to 6, 2024, at the Argyle Grand Hotel in Nairobi, Kenya.

The Environment for Development (EfD) Uganda team, led by Prof. Edward Bbaale, has been
recognized as Runners-Up for the prestigious EfD Policy Impact Award 2024. Their impactful
paper, titled “Policy Options for Clean Cooking and Reduced Biomass Dependency,” earned
them a Certificate of Excellence during the 18th Annual General Meeting (AGM) of the EfD
network, held from October 3 to 6, 2024, at the Argyle Grand Hotel in Nairobi, Kenya.

Organized by the EfD Global Hub at the University of Gothenburg and hosted by EfD-Kenya
Centre at the University of Nairobi, the AGM brought together researchers and policymakers
from across the world. The event celebrated the remarkable work being done to influence global environmental policies.

Representing Uganda, Prof. Bbaale was accompanied by Mr. Gyaviira Ssewankambo, EfD-
Mak’s Office Manager, and a team of researchers and collaborators. Among those present were
Dr. Peter Babyenda, Dr. Susan Kavuma, Dr. John Sseruyange, Dr. Nicholas Kilimani, Dr.
Florence Lwiza Nsereko, Mr. Jordan Ssemwanga, Mr. Nathan Mununuzi (Ministry of Water and
Environment), and Eng. Domnic Mucunguzi (Ministry of Agriculture, Animal Industry, and
Fisheries).

Insights from the Study

The award-winning study, led by Prof. Bbaale and his research fellows—Dr. Babyenda, Dr.
Sseruyange, and Dr. Kilimani—focused on “Promoting Inclusive Clean Energy Transition in
Uganda: Evidence, Challenges, and Policy Options.”
The research explored perceptions of
cooking energy systems in Uganda, with an emphasis on the over-reliance on biomass,
particularly charcoal, as the primary energy source in low-income areas.

The study revealed key barriers to the clean energy transition, including fear of electricity and
liquid petroleum gas, weak public awareness, and insufficient regulatory frameworks. These
challenges have slowed the adoption of alternative energy solutions in Ugandan households.

Prof. Bbaale emphasized the need for stronger regulatory support and awareness to foster the
country’s energy transition: “The transition to cleaner energy requires overcoming public
misconceptions and improving regulatory systems to promote sustainable cooking solutions.”

Group Photo of the participants of the EfD 18th AGM in Nairobi. 18th Annual General Meeting (AGM) of the EfD network, held from October 3 to 6, 2024, at the Argyle Grand Hotel in Nairobi, Kenya.
Group Photo of the participants of the EfD 18th AGM in Nairobi.

See video clips interview with Edward Bbaale and Peter Babyenda – Courtesy of the EfD Global
Hub

Edward Bbaale:

https://play.gu.se/media/Edward%20Bbaale%20-
%20Sustainable%20energy%20transitions%20in%20Uganda%3A%20The%20role%20of%20En
ergy%20Efficiency/0_iaiqbcmq

Peter Babyenda:

https://play.gu.se/media/Peter%20Babyenda%20-%20Embracing%20clean%20cooking%20for%20greener%20Uganda/0_lhsexaky

EfD-Mak’s Growing Impact

Prof. Bbaale highlighted the value of the 18th AGM for fostering collaboration and growth
within the EfD network. “The EfD-Mak Centre appreciates the efforts of colleagues who
submitted proposals and papers, and we congratulate Dr. Lwiza and Dr. Kavuma for their
contributions. These proposals are vital to keeping the Centre running,” Bbaale noted.

A photo of the EfD policy impact award. 18th Annual General Meeting (AGM) of the EfD network, held from October 3 to 6, 2024, at the Argyle Grand Hotel in Nairobi, Kenya.
A photo of the EfD policy impact award.

Looking ahead, he encouraged further mobilization of research fellows, recommending the
appointment of collaborative leaders and co-leaders to enhance engagement and productivity
within the Centre. A full report on EfD Uganda’s participation at the AGM is attached.

The EfD-Mak Centre’s research has continued to make waves, including a recent presentation to Parliament in May 2024, where the team advocated for regulatory frameworks to support the transition to clean energy in Uganda.
(https://news.mak.ac.ug/2024/05/efd-takes-research-findings-to-parliament-advocates-for-
regulatory-and-policy-framework-to-support-transition-to-clean-energy-for-households/
)

A full report on EfD Uganda’s participation at the NAIROBI 18th EfD AGM may be accessed below.

Jane Anyango is the Communication Officer EfD Uganda

Jane Anyango

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