General
Makerere University Commended for strides in Grants Management
The Audit Manager in the Office of the Auditor General, Mr. William Ezama has commended Makerere University for improving grants management and reporting processes.
“Since the Grants Administration and Management Support Unit (GAMSU) came into existence, there is a significant improvement on how grants in the University are managed,” said Mr. Ezama during the Capacity Building Workshop held at Makerere University on Tuesday 10th December 2024.
Delivering a presentation on Financial Accountability and Auditing of Grant-Funded Projects in Higher Education Institutions in Uganda, Mr. Ezama emphasized the need to account for each public fund, indicating the value for money in terms of outputs/deliverables.
“Funding received through grants becomes public money. The Office of the Auditor General by law is mandated to conduct financial, value for money audits and other audits, in respect of any project or activity involving public funds,” he said.
Recounting earlier experiences before the establishment of GAMSU at Makerere University, Mr. Ezama noted that some Project Investigators had a tendency of personalizing funding received through grants.
“In the past, we encountered some cases where some grant holders would tend to personalize these grants because they wrote the proposals. However, this attitude is changing. I believe mainly because of sensititisation and capacity building programmes like the one that we are participating in. I wish to emphasize that when you receive grants/funds, it becomes public money,” he stated.
Mr. Ezama thanked GAMSU for organizing the capacity building workshop on Legal, Financial and Managerial Frameworks for Grant-Funded Projects in Higher Education Institutions. He noted that workshops of this nature provide a platform to the different stakeholders involved in grants management to engage and understand the expectations of the government, funding agencies, other entities and partners.
Underscoring the importance of GAMSU, Prof. Sylvia Antonia Nakimera Nannyonga-Tamusuza stated the availability of substantial funding opportunities globally and revealed the need for researchers to strategize and tap into those financial resources.
“I want to assure you that there is a lot of money out there in form of grants. We need to strategize and tap into that money. Makerere University established GAMSU in 2020 with the core mandate of supporting faculty and staff throughout the grant lifecycle. This includes identifying funding sources, planning and preparing proposals, facilitating administrative review processes, ensuring compliance, managing grant funds, and successfully closing projects,” she explained.
Drawing from the experiences that grants are not free, and, also grants being legally bound, Prof. Nannyonga-Tamusuza informed the participants that the capacity building workshop bringing on board the university leadership, researchers and staff was aimed at strengthening grant administration and management skills and knowledge to manage projects of this nature.
“This capacity building program is about improving our proposal writing and understanding the rules and guidelines of the different funders. We also want to strengthen our grants administration and management skills, equip ourselves with knowledge and competencies to write winning grants and be able to manage them with compliance,” she said.
The Vice Chancellor, Prof. Barnabas Nawangwe who was represented by Prof. Buyinza Mukadasi underscored the significant contribution of grant funding to the financial sustainability of the University.
Cognizant of the strategic focus to transform Makerere University into a research-led institution, the Vice Chancellor implored leaders, researchers and staff to work hand in hand with GAMSU to continue writing winning grant proposals to support research.
“It is a timely workshop because we have strategically decided that Makerere becomes a research-led university. When you want to be research-led, it means that the intensity of research definitely has to increase. Research funding is crucial. Grants provide access to funds for research,” said Prof. Nawangwe in a speech read by Prof. Buyinza Mukadasi, the Acting Deputy Vice Chancellor (Academic Affairs).
Reflecting on the ever increasing demands on the government’s resource envelope, which affects the funding remitted to universities, Prof. Buyinza Mukadasi implored researchers and staff to accelerate grant application processes to win funds for research. He also appealed to the participants to exercise the highest degree of transparency in grants management and project execution.
Contributing to the discussion, the Acting Deputy Vice Chancellor (Finance and Administration), Prof. Henry Alinaitwe encouraged the participants to read the Grants Administration and Management Policy, as uploaded on the Makerere University policies website, in order to understand and appreciate the roles and expectations.
With specific reference to Section 9 (7, viii) of the Policy, Prof. Alinaitwe commended GAMSU for developing the database of all grants in the University.
On his part, the University Secretary Mr. Yusuf Kiranda, acknowledged the substantial contribution of research grants to Makerere University’s funding portfolio, which is supplemented by approximately $8 million annually.
Mr. Kiranda applauded the Government of Uganda for being the primary funder of Makerere University. He credited the government for the timely payment of staff salaries, utilities such as water and electricity, teaching and learning expenses, as well as supporting research through the Makerere University Research and Innovations Fund (MakRIF).
He called upon staff entrusted with financial resources to always be in position to provide value for money. “The government has changed to programme-specific budgeting, which necessitates the need for staff to provide value for money in the implementation of different university activities,” he said.
The University Secretary, who is also the Secretary to Council, stressed the need for compliance as stated in the different sections of the Grants Administration and Management Policy. He pointed out that the University Council will not approve remittance of funds to any project, that is not registered or reflected in the Grants Management system of the University.
Delivering a keynote speech, Ms Nana Oye Akuffo, a Grants Administrator at the University of Ghana, with over 22 years of experience in managing grants, shared that research is dynamic and not static, and encouraged researchers and grant writers to study the research environment and adapt to emerging trends while applying for grants as well as focusing on conducting research that creates a meaningful impact on society.
Ms Akuffo emphasized the need for capacity building trainings in research and grants application and management. “Let us train our faculty members because they are key people. These are the people who will go and look out for the funding and we will manage it for them,” she said.
She urged researchers applying for grants to prioritize attention to the do’s and don’ts, noting that ignoring these details often leads to unsuccessful applications.
She underlined the need for integrity, professionalism, transparency and proper accountability in the management of grants. To expound this point, she reminded the participants that the donor community is interlinked, and the news of mismanagement of funds from a particular funding agency/body, will be relayed to other funding agencies/bodies.
Noting that different funders have different financial requirements and guidelines, she advised the participants to always study the needs of each funder in detail.
Pointing out that during the grant application process, funders request for specific policies available at the University and/or in the country, she requested the participants to always take note of the list of the policies required, and submit them as per the guidelines.
At the university level, the keynote speaker advocated for regular stakeholder engagements to ensure that every staff involved in the grant process is on board, developing policies for research development, and undertaking monitoring and evaluation of policies for learning outcomes to guide the next course of action.
During the question and answer session moderated by Dr. Venny Nakazibwe, the participants gained a deeper understanding on the need for the Project Principal Investigators, faculty and support staff to work together in all the processes of grant management and execution. In addition, participants reached a consensus that the existing structures at Makerere University namely the Deputy Vice Chancellor (Academic Affairs), Deputy Vice Chancellor (Finance and Administration), GAMSU, and the Directorate of Research and Graduate Training should consolidate the efforts towards grants management, reporting and compliance.
Closing the half day workshop, Prof. Nannyonga-Tamusuza explained that GAMSU is working with the different units within the University to integrate the grants management system with the financial domain in order to track the entire process.
She stressed that compliance starts when the Principal Investigator or researcher reads the call for a grant, and decides to apply. She reported that during the grant application processes, a number of issues and documents are requested for, including mentioning the structures in place to assist in the execution of the grant, as well as staff or offices, and available university policies, among others.
Prof. Nannyonga-Tamusuza thanked the participants for dedicating valuable time to listen to the different presenters and the keynote speaker, and for actively participating in the discussions. She also thanked Ms Ritah Namisango for moderating the workshop.
Following successful development of the Integrated Electronic Pre-Award Grants Management System for Sponsored Research, the Grants Administration and Management Support Unit (GAMSU) at Makerere University held a dissemination workshop, to onboard the University leadership, principal investigators, researchers, staff and partner institutions.
Held on Friday 6th March 2026, the dissemination workshop provided a platform to demonstrate the Integrated Electronic Pre-Award Grants Management System for sponsored research at Makerere University, and to receive instant feedback from physical and virtual participants.
Participants were drawn from the University leadership, including the Deputy Vice-Chancellor for Finance and Administration, the University Secretary, the Director-Graduate Training, Director-Research, Partnerships and Networking, Principals, Deputy Principals, Deans, Heads of Department, Principal Investigators, researchers, Heads of Administrative Units, representatives from international partner institutions, and members of the Grants Management Steering Committee (GMSC).
Welcoming the internal and external stakeholders to the dissemination workshop, the Head of GAMSU, Prof. Sylvia Antonia Nakimera Nannyonga-Tamusuza, emphasized that feedback from the participants was a vital step, that would not only enrich the grants management and administration processes, but also contribute to refining the system.
Expressing GAMSU’s commitment to the automation of the entire grants cycle, Prof. Nannyonga-Tamusuza credited the University leadership, the research project team members, and the different units within Makerere University, as well as, international partners, for the support rendered to GAMSU in developing the system.
The Integrated Electronic Pre-Award Grants Management System
Prof. Nannyonga-Tamusuza highlighted that the initiative responds to growing global competition for research funding and longstanding administrative challenges that researchers have faced when accessing and managing grants.
This digital initiative is designed to modernise how the institution handles research funding applications and administrative workflows before awards are granted. The system, aims to streamline the entire grant application lifecycle — from identifying funding opportunities to proposal preparation, compliance review, reporting, and closeout management.
Recognition of the Project team
Headed by Prof. Nannyonga-Tamusuza (Principal Investigator), the project team members include the following: Denis Michael Wamala (I.T Specialist), Prof. Helen Nambalirwa Nkabala (Senior researcher-GMSC), Prof. Charles Masembe (Senior researcher-GMSC), Ivan Mutyaba (Grants Administrator-IREX Alumnus), Mordecai Tayebwa (Grants Manager-IREX Alumnus, Esther Kabinga (Legal Affairs Advisor), Innocent Tumwebaze (Early-Career researcher), Caroline Nabwire (Grants Administrator-GAMSU), Harriet Nambooze (Senior Grants Administrator) , and Victor Chris Watasa (System’s Design Consultant).
Acknowledgment of funding partners
The development of the Integrated Pre-Award Grants Management System was supported by the International Research and Exchange Board (IREX) through funding from the Carnegie Corporation of New York, with additional contributions from Makerere University.
Institutional leadership welcomes system development
On behalf of the University Management, the Acting Deputy Vice Chancellor (Finance and Administration), Prof. Winston Tumps Ireeta, lauded the Principal Investigator, Prof.Sylvia Antonia Nakimera Nannyonga-Tamusuza and her project team, for the development of the system aimed at digitizing the pre-award grant processes at Makerere University.
Opening the dissemination workshop, Prof. Ireeta, who doubles as the Chairperson of the Grants Management Steering Committee (GMSC), highlighted that the Integrated Electronic Pre-Award Grants Management System, would significantly benefit Makerere University and the researchers.
Prof. Ireeta emphasized that as Makerere University continues to implement its research agenda, the funding question becomes paramount. Acknowledging that funding through grants significantly facilitates research undertakings at Makerere University, Prof. Ireeta underscored the value of the Integrated Electronic Pre-Award Grants Management System, as an excellent addition, to existing processes aimed at amplifying the research profile of the University, as well as, streamlining grants management and administration.
“If we maximally utilize the system, the University and its researchers will be better placed to apply, attract and win grants, which will definitely boost the grant and research profile of this institution,” he said.
He encouraged the participants to actively follow the proceedings, and provide constructive input during the feedback session, in order to contribute to the refinement of the system.
Format of the dissemination workshop
The dissemination workshop featured a series of presentations including: Makerere University’s Strategic Research Direction; the Context of Administration and Management of Grants at Makerere University; Project Overview; Purpose and Objectives of the workshop; Overview of the Pre-Award Grants System Development; Technical demonstration of the system; and the Discussion and Stakeholder Feedback session.
The benefits of the system and the challenges it seeks to address
Prof. Nannyonga-Tamusuza, Head of GAMSU and Principal Investigator of the project, explained that the electronic pre-award system addresses several structural challenges in research grant management.
She said Makerere University faces increasing global competition for research funding. “Grants have become highly competitive, and we need stronger institutional strategies to support our researchers,” she said.
According to Prof. Nannyonga-Tamusuza, the previous grant management environment was fragmented because different university units operated independent systems. The new platform seeks to streamline processes and support database-driven decision-making for capacity building and institutional planning.
She explained that the system is designed to support researchers even before they begin writing proposals. “Understanding the funder’s requirements is critical. If a researcher does not clearly understand what the funder is asking for, even a well-written proposal may fail to secure funding,” she said.
The Head of GAMSU stressed that transparency and accountability were central goals of the system. “With proper work logs and documentation, we can demonstrate accountability in grant administration,” she added.
She noted that principal investigators often require institutional documents such as audit reports and registration information when applying for grants. Centralised data storage, she said, would make such information more accessible.
Support for researchers, not replacement for individual applications
Prof. Nannyonga-Tamuzusa clarified that the system does not eliminate individual grant applications. “GAMSU is providing support to researchers. We want our staff to compete favourably within the global research community,” she said.
She explained that academic staff operate at different career levels. “Some staff are new to research grant applications and may need guidance. Others are experienced. Our role is to provide support whenever it is needed,” she stated
Addressing challenges in grant administration
The Head of GAMSU identified several challenges motivating the system’s development. These include: increasing international competition for research funding, fragmented awareness of funding opportunities across university units, limited coordination between researchers, colleges, and administrative structures, capacity gaps in grant proposal development, heavy reliance on manual administrative processes and limited institutional data for strategic planning.
She pointed out that GAMSU’s role is coordination, compliance, and institutional oversight rather than revenue collection.
Leaders and Researchers urged to adhere to university policies
Presenting the Context of Administration and Management of Grants at Makerere University, Mr. Yusuf Kiranda-University Secretary, articulated that the University Council, approved the Grants Administration and Management Policy in 2020, which provides governance guidance for research funding management. He appealed to participants to always read and make reference to the policy on matters pertaining to grants management and administration.
The University Secretary emphasized that research funds secured through grants are managed on behalf of Makerere University and the Government of Uganda. He therefore, urged researchers and principal investigators to uphold transparency and accountability when managing grant resources. “Funds acquired through grants must be accounted for within stipulated timelines and must demonstrate value for money,” said Mr. Kiranda.
In the same vein, he called upon research teams to follow the university’s human resource recruitment guidelines when appointing project staff.
Mr. Kiranda highlighted the importance of registering all grants managed across university units with GAMSU, noting that centralised oversight supports institutional accountability.
Director of Research highlights strategic research direction
Prof. Robert Wamala, Director of Research, Innovation and Partnerships (DRIP), presented the university’s strategic research agenda. He observed that university partnerships have sometimes been underutilised due to the absence of supporting infrastructure, such as the pre-award system.
The university’s research mandate includes promoting research coordination, strengthening innovation capacity, supporting technology transfer, and mobilising research funding.
Prof. Wamala said the university’s research strategy is guided by a 10-year institutional development plan aligned with Uganda’s National Development Plans. “The vision is to build a sustainable, research-led university that produces a highly productive academic workforce and versatile graduates,” he said.
Priority research themes
In his presentation, Prof. Wamala outlined Makerere University’s nine (9) priority research areas for the next five years. These include: Health and health systems; Sustainable urbanisation and housing; Governance, social justice, and equity; Agricultural transformation and food security, Education systems development; Economic growth, business, and innovation; Climate change and natural resource management; Cultural heritage; and Science, engineering, and technology.
Prof. Wamala encouraged researchers to align proposals with these institutional priorities. He urged academic staff to access university policies available on the official website (https://policies.mak.ac.ug)
Graduate training and institutional coordination
Prof. Julius Kikooma, Director of Graduate Training, said the establishment of GAMSU represents a major cultural shift in research administration.
He explained that earlier academic practice required researchers to independently search for funding opportunities and manage grants. “While that approach sometimes produced successful researchers, it also resulted in inconsistencies in proposal preparation and accountability reporting,” he said.
Prof. Kikooma emphasized the importance of institutional systems in meeting changing donor compliance requirements. He stated that grant writing involves two equally important components. “Approximately 50 percent depends on scientific proposal quality, while the other 50 percent depends on institutional compliance and administrative coordination,” he said.
He encouraged researchers to integrate GAMSU early in proposal development rather than treating the unit as a final review office.
Strategic investment in research competitiveness
In a document presented by Ms. Ritah Namisango, Prof. Charles Masembe-a member of the research team outlined the project overview, purpose, and workshop objectives, including system dissemination, stakeholder engagement, and functionality demonstration.
He stated that the electronic pre-award grants system is a strategic investment in Makerere University’s future research competitiveness. The digital transformation in grant administration will improve efficiency, strengthen accountability, and enhance access to funding opportunities.
Deputy Principal of CoBAMS applauds GAMSU Contributing to the discussion and stakeholder feeback session, the Deputy Principal of the College of Business and Management Sciences (CoBAMS), Associate Professor James Wokadala, commended GAMSU for the development of the system aimed at increasing the chances of winning grants. He appealed to GAMSU to cascade the training to the various units within the University.
Mastercard Foundation Scholars have been encouraged to embrace mentorship programmes as a way of maximising opportunities for personal and professional growth.
Mentorship is a professional relationship in which an experienced person (the mentor) supports another (the mentee) in developing specific skills and knowledge that enhance both professional and personal growth.
While speaking at a Mentor–Mentee matching session held on Saturday at the Central Teaching Facility, Mr Steven Langa, a counsellor and director at Family Life Network, told scholars that mentorship plays a pivotal role in preparing the next generation of leaders capable of transforming Uganda and Africa.
“We live at a very challenging time in history, a time when Uganda and Africa have to rise up to the occasion to provide leadership, professional excellence and innovation,” Mr Langa, said.
In his presentation, Mr Langa explained that a mentor is not a parent, therapist, or romantic partner, but rather a coach who helps the mentee build essential skills.
“The mentoring relationship is built on mutual trust, respect and communication and involves both parties meeting regularly to exchange ideas, discuss progress and set goals for further development. A mentor does not need to know, or to provide all the answers; instead, the mentor encourages the mentee to use their available resources to identify solutions,” Mr Langa, noted.
Speaking at the same event, Ms Eva Nabasumba, the Principal Academics and Career Development Officer at the Mastercard Foundation Scholars Program, encouraged scholars to build strong relationships with their mentors, which could later provide credible referees for employment, scholarships and other opportunities.
She highlighted several benefits of mentorship for mentees, including gaining advice, knowledge and insights from experienced professionals; developing professional communication skills; building valuable industry networks; engaging in employment-related conversations; exploring career pathways; and learning strategies for job searches, résumé writing and interviews.
During the session, mentors introduced themselves to their new mentees, allowing scholars to identify and connect with suitable mentors. Some of the mentors are doctors, teachers, counsellors, engineer’s business people and Accountants.
Apollo Mulondo, one of the mentors, urged scholars to take the mentorship opportunity seriously and respect the time and commitment of their mentors.
“Some of us are who we are today because of our mentors. Our offices are always open to you, so feel free to visit anytime. It does not matter what your background is you can make it,” Mulondo said.
The mentor–mentee matching session enabled scholars to interact with professionals from different fields, giving them an opportunity to identify mentors whose experience aligns with their academic and career aspirations. The engagement also created a platform for scholars to begin building networks that will support their growth beyond the university.
General
Mak Cooperative Society holds AGM: Growth, Transparency and Member Welfare Take Centre Stage
“This is a perfectly managed Cooperative Society,” remarked CPA David Ssenoga, amidst applause from Members of the Makerere University Multi-Purpose Cooperative Society (MUMCS).
CPA Ssenoga made the remarks on 4th March 2026 as he presented the Auditor’s report from SDS and Company Certified Public Accountants at the MUMCS Annual General Meeting (AGM).
The Auditor’s report for the year ended 31st December 2025 highlighted adherence to the best corporate governance practices, confirmed proper allocation of funds, value for money, and steady progress.
“The Cooperative Society was found to be in excellent standing, with operations in compliance with International Financial Reporting Standards for SMEs, the Cooperative Societies Act, and relevant Ugandan regulations. The operations are efficient and transparent,” he reported.
Mandate of MUMCS
Chairing the AGM, the Vice Chairperson, Dr. Muhammad Kiggundu-Musoke, underscored that the MUMCS exists to promote the welfare of members. In pursuit of this mandate, MUMCS provides access to affordable credit at interest rates that are significantly lower than those offered by other financial institutions. Such support, he noted, empowers members to strengthen their financial stability, invest in personal and professional goals, and ultimately enhance their overall well-being.
Steady progress
Highlighting MUMCS’ steady progress, Dr. Kiggundu-Musoke commended members for the tremendous growth recorded over time. He noted that the cooperative society had grown from handling a few hundreds of thousands of shillings in its early years to managing a portfolio now standing at approximately UGX 3.25 billion, a milestone he described as a reflection of collective effort, prudent management, and sustained member confidence.
He encouraged members to actively promote and popularise the cooperative within their respective departments. He proposed a structured approach of engaging Heads of Department to sensitize staff on the MUMCS’ services and benefits.
AGM highlights
The hybrid AGM, with physical participants assembled in the Main Building Senior Common Room, and virtual participants who followed the proceedings via zoom, provided a platform to review performance, highlight operational successes and governance milestones, as well as, finding solutions to challenges.
Secretary’s report
Presenting the report, MUMCS’ Secretary, Prof. Winston Tumps Ireeta, highlighted the growth in membership to 160, including 27 new recruits – a testimony to the confidence in the quality of services provided.
Prof. Ireeta excited the members when he mentioned that the 2025 surplus of UGX 291 million was distributed to members, with administrative budgets executed as approved.
On the issue of financial discipline and meeting obligations, Prof. Ireeta notified the members that the Management Committee implemented strategies that ensured compliance. “Outstanding loan arrears were settled through deductions from dividends of the concerned members,” he stated.
The Secretary reported that as approved during the previous AGM, the Vetting Committee consisting of Prof. Helen Nambalirwa Nkabala (Chairperson), Prof. Lawrence Mugisha (Member) and Dr. Alex Okello (Member) had been constituted and has embarked on the tasks as per the terms of reference.
With reference to the Secretary’s report, the Members praised the MUMCS Management Committee headed by Prof. Barnabas Nawangwe, for ensuring the successful implementation of key decisions agreed upon during the previous AGM.
Treasurer’s report
The Treasurer, Prof. Juma Kasozi, provided members with a detailed overview of operations, liquidity, investments, and returns.
Emphasizing MUMCS’ commitment to transparency, Prof. Kasozi noted that the Management Committee ensures that the balance sheets, profit and loss statements, and trial balances are shared monthly with members, which enables them to monitor performance throughout the year.
Prof. Kasozi explained that the Cooperative Society maintains strong liquidity, with approximately UGX 1.6 billion invested with fund managers and insurance companies. These liquid investments he said, provide a solid foundation to support loans, withdrawals, and operational needs. He encouraged members to increase their savings and shareholdings, in order to strengthen MUMCS’s financial base and enhance lending capacity.
The Treasurer highlighted the Society’s loan products, including instant loans; which provide same-day disbursement and long-term term loans. He reported that in 2025, UGX 479 million was disbursed in instant loans, and UGX 913 million as long-term loans.
He informed the AGM that the major challenge faced during the year 2025, was premised on disruptions in payroll deductions. “Before this setback, payroll deductions generated over UGX 50 million per month. Due to temporary disruptions, the amount generated reduced to UGX 20 million,” he explained.
The Treasurer briefed the members that discussions with the payroll management team had been successful, and full deductions were expected to resume, a step that would restore the expected income stream of the Cooperative Society.
He re-assured members that despite challenges with payroll deductions, MUMCS remains financially stable, with strong liquidity, robust investments, sound loan recovery mechanisms, and a commitment to member welfare.
He encouraged members to recruit colleagues, increase shareholding, and actively participate in strengthening the Cooperative Society’s growth and impact.
Members applaud the Management Committee
Impressed by the reports presented by the Secretary and Treasurer, the Members praised the MUMCS Management Committee headed by Prof. Barnabas Nawangwe, for the successful implementation of key decisions agreed upon during the previous AGM.
Presentation from the Welfare Committee
On behalf of the Welfare Committee, Ms. Ritah Namisango, commended the Management Committee for effectively implementing the Society’s Welfare Policy. Ms. Namisango noted that the policy stipulates the contribution to weddings, loss of a member, and/or when a member loses a parent, spouse and a biological child. She encouraged the members to read the Welfare Policy in order to tap into the benefits that accrue to them.
“We invite all members to read the Welfare Policy and inform the Management Committee early enough whenever a situation arises. I am glad that, because of transparency and communication through the WhatsApp group, most of you have been notifying the Executive Committee promptly. Most of the Members who have received contributions from MUMCS during such situations, have acknowledged receipt, and gone an extra mile, to send messages of gratitude via MUMCS’ WhatsApp group,” she said.
She welcomed the AGM’s approval of an additional UGX 2.5 million allocation to the Welfare Fund, to boost the Cooperative Society’s ability to extend support as well as standing in solidarity with the Members.
The Welfare Committee consists of Ms. Ritah Namisango, Dr. Oscar Mugula and Mr. Michael Kasusse.
Supervisory Committee report
The Chairperson, Prof. Fredrick Jones Muyodi, congratulated the Management Committee and the Members, upon the positive financial performance of MUMCS with a gross surplus of UGX 351,533,935/=, and a net surplus of UGX 49,510,181/= after deduction of all expenses.
Concerned that some members have faced challenges with payroll deductions, the Supervisory committee welcomed the progress reported by the Secretary toward resolving the issue.
He stated that the Committee reviewed the financial proposals presented by the management committee and endorsed the recommended dividend payment of UGX 38,630,000 to shareholders, noting that dividends cannot exceed 10 percent under the law.
In addition, the Committee supported payments to service providers, the purchase of a second laptop to enhance data security, the use of cloud and external storage for safeguarding records, the proposed welfare and AGM budgets, and the allocation of 65% of the gross surplus as return on savings.
The Supervisory Committee consists of Prof. Fredrick Jones Muyodi (Chairperson), Prof. Edgar Nabutanyi (Member) and Dr. Jamidah Nakato (Member).
Closing remarks
Closing the AGM, Dr. Kiggundu-Musoke thanked members for their active participation and challenged them to actively support the growth of the cooperative society. He emphasized that membership growth would not only strengthen the Makerere University Multi-Purpose Cooperative Society’s financial standing, but also enhance dividend returns for all members.
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