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Mak Co-operative Society financial performance excites Members: More strategies proposed for continuous growth

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On 26th February 2025, members of Makerere University Multi-Purpose Co-operative Society (MUMCS) convened for the Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans.

MUMCS has realised significant growth and financial stability, with a strong commitment to its members. The pay incentive bonus, remains at 14.5% of surplus returns until a future review. As the Society continues to grow and expand its services, it is expected to play an increasingly important role in promoting financial inclusion and economic development in Uganda.

Prof. Barnabas Nawangwe (Left) delivers the Chairperson's address alongside Prof. Juma Kasozi (Right). Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe (Left) delivers the Chairperson’s address alongside Prof. Juma Kasozi (Right).

MUMCS has 136 active members who are members of staff at Makerere University. MUMCS has a Board of Directors and Secretariat that works with the Investments Committee, Loans Committee, Finance Committee, Welfare Committee, and the Supervisory Committee.

The Chairperson of MUMCS, Prof. Barnabas Nawangwe welcomed the Members (physically present at Makerere University Main Hall and those who were following virtually via zoom) to the AGM. He encouraged the Members to continue saving and investing in the cooperative society.

Left to Right: Prof. Winston Tumps Ireeta, CPA David Ssenoga, Prof. Barnabas Nawangwe and Prof. Juma Kasozi. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Left to Right: Prof. Winston Tumps Ireeta, CPA David Ssenoga, Prof. Barnabas Nawangwe and Prof. Juma Kasozi.

To kick start the AGM, the Chairperson made reference to the Agenda, which had been shared ahead of time to the respective Members. The Agenda focused on critical issues such as achievements, dividend allocation, recruitment plans, loan repayment strategies, potential investment opportunities, among other items. Following the adoption of the agenda during the AGM, the Chairperson invited the Secretary- Prof. Tumps Winston Ireeta, and the Treasurer- Prof. Juma Kasozi to present to the AGM key highlights.

Prof. Kasozi confirmed that the performance of the society was satisfactory. The Treasurer’s report, highlighted the society’s significant progress in 2024. The society disbursed loans amounting to UGX 1 billion, while savings accrued amounted to UGX 1.8 billion, and share value stood at UGX 386 million. The society’s total assets available for investment are worth UGX 2.25 billion, with a return on investment of 12.95%. The AGM was informed that the Cooperative’s balance sheet exceeded UGX 2billion, a testament to its robust financial position.

Prof. Juma Kasozi (Right) alongside Prof. Barnabas Nawangwe (Left) presents the Society's performance. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Prof. Juma Kasozi (Right) alongside Prof. Barnabas Nawangwe (Left) presents the Society’s performance.

Summary of the Key statistics:

  • Total loans disbursed: UGX 1 billion
  • Savings: UGX 1.8 billion
  • Share value: UGX 386 million
  • Total assets available for investment: UGX 2.25 billion
  • Return on investment: 12.95%
  • Unit trusts: UGX 801,127,970 (ICEA LION) and UGX 608,138,265 (UAP OLD MUTUAL)
  • Surplus: UGX 166 million
  • Dividends: The payment of dividends not exceeding 10% of the surplus.

The Auditor’s report was presented, confirming that the society’s financial statements provide a true and fair view of its financial position as of December 31, 2024. The Auditor commended the society’s management for their excellent work in managing the society’s finances.

“I commend the Board and Secretariat for having a well-managed and governed society. Your scheme is one of the best. We are glad that Makerere University Multi-Purpose Co-operative Society, the balance sheet is above UGX 2 billion,” CPA David Ssenoga said.

The Society Auditor, CPA David Ssenoga. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
The Society Auditor, CPA David Ssenoga.

During the AGM, members proposed the following strategies to spur the continuous growth of MUMCS:  Undertaking sensitization, publicity and mobilization drives/campaigns, development of publicity materials such as brochures, encouraging members to take loans, presenting proposals to reward bonus incentives to the highest savers and members with a significant number of shares, as well as providing financial incentives to members who take loans and repay them faithfully. In addition, the strategies stated in the MUMCS Strategic Plan will be implemented to ensure financial diversity and sustainability.

The Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presented the committee’s report, highlighting the society’s compliance with the Co-operative Societies Act and the by-laws. Other Members of the Supervisory Committee include: Dr. Hamidah Nakato and Dr. Fred Edgar Nabutanyi. The Supervisory Committee reported that during its meetings, it reviewed various activities undertaken by the Board of Directors. They noted that since the AGM meeting held in February 2024, several achievements had been realized. These included the approval of new bylaws, a revised credit policy, and the establishment of the MUMCS office.  The Supervisory Committee reported that 12 members joined MUMCS in 2024. The Committee appreciated Mr. Raymond Nsereko for developing the MUMCS logo and acknowledged Ms Ritah Namisango for coordinating the branding of the MUMCS office.

Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presents his report. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Chairperson of the Supervisory Committee, Prof. Fredrick Jones Muyodi presents his report.

In their report, the Supervisory Committee presented the proposed candidates for consideration as Members of the Vetting Committee namely:  Prof. Helen Nambalirwa Nkabala, Prof. Lawrence Mugisha and Dr. Alex Okello.

It was gratifying to note that the AGM unanimously agreed to have the Vetting Committee constituted as per the proposed names.

The Vetting Committee is expected to develop the Fit and Proper test for all applicants vying for the positions on the Board of Directors and the Supervisory Board, advertise the positions and administer the Fit and Proper test (written through Nomination Form and Oral), and present the successful applicants to MUMCS members for elections.

Ms Ritah Namisango speaks on behalf of the Welfare Committee. Makerere University Multi-Purpose Co-operative Society (MUMCS) Annual General Meeting (AGM) to discuss the Society’s financial performance, progress and future plans, 26th February 2025, Main Hall, Kampala Uganda, East Africa.
Ms Ritah Namisango speaks on behalf of the Welfare Committee.

On behalf of the Welfare Committee, Ms Ritah Namisango applauded the Board and Secretariat for implementing the Welfare Policy. The Members of the Welfare Committee include: Michael Kasusse, Ritah Namisango and Oscar Mugula. She noted that with the implementation of the Welfare Policy, Members are in position to receive support towards Weddings, Medical obligations, and bereavement as per the terms and conditions specified in the policy. Noting that the society exists to advance the welfare of its members, she thanked the AGM for approving the proposed UGX 10million for such purposes.

The Board informed the AGM that in compliance with the rules and regulations that govern the sector, various policies including human resources, anti-money laundering, and procurement are being developed for MUMCS.

In his concluding remarks, the Chairperson of MUMCS, Prof. Nawangwe acknowledged the cooperative’s impressive financial returns, noting that it outperformed other savings schemes in terms of interest. He also urged members to avoid unnecessary withdrawals, emphasizing the long-term benefits of keeping their savings within the cooperative society. He commended the team responsible for the cooperative’s success, including the Secretariat and Fund managers.

Ritah Namisango
Ritah Namisango

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JICA, Makerere University Explore New Frontiers in AI and Research Collaboration

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Prof. Sarah Ssali presents the Makerere coffee table book to Dr. Okano Takasei as Makerere and JICA Officials witness on 4th September 2026. Japan International Cooperation Agency (JICA) delegation led by Dr. Okano Takasei meets DVCAA Prof. Sarah Ssali, explores new opportunities for strengthening academic, research and innovation collaboration between Uganda, Japan and other African countries, with a particular focus on artificial intelligence (AI), aerospace engineering, materials and remote sensing, food value chains, energy, water and climate change, 4th September 2026, Main Building, Makerere University, Kampala Uganda, East Africa.

By Moses Lutaaya

Kampala, September 4, 2026 — Makerere University and the Japan International Cooperation Agency (JICA) have explored new opportunities for strengthening academic, research and innovation collaboration between Uganda, Japan and other African countries, with a particular focus on artificial intelligence (AI), aerospace engineering, materials and remote sensing, food value chains, energy, water and climate change.

The discussions took place on Friday, September 4, 2026, at the Makerere University Main Building in the Vice Chancellor’s Board Room, during a visit by a JICA delegation led by Dr. Okano Takasei, Senior Advisor, Human Development Department of JICA.

Makerere keen to deepen collaboration with JICA

Welcoming the delegation, the Deputy Vice Chancellor (Academic Affairs), Prof. Sarah Ssali, highlighted Makerere University’s long-standing tradition of research, international collaboration and contribution to knowledge generation in Uganda and beyond.

Prof. Ssali noted that Makerere has built a strong global research footprint through partnerships with institutions around the world, observing that the University is well positioned to deepen international collaboration as emerging technologies, particularly artificial intelligence, continue to transform research and higher education.

“Uganda has a very long history of doing research, and particularly it has informed research findings in the areas global health research,” Prof. Ssali said, pointing to Uganda’s historical contribution to global scientific knowledge.

She cited the country’s contribution to medical and biological research, including early research on sleeping sickness, noting that Uganda’s unique research environment continues to offer opportunities for scientific discovery.

Prof. Ssali said Makerere’s history of collaboration with Japan is particularly significant, noting that Japanese cooperation has contributed not only to academic and research activities but also to infrastructure development and other sectors in Uganda.

She cited the establishment of the JICA building at Makerere, describing it as one of the visible symbols of Japan’s long-standing partnership with Makerere University.

Prof. Sarah Ssali (R) presents a Makerere necktie to Dr. Okano Takasei (L). Japan International Cooperation Agency (JICA) delegation led by Dr. Okano Takasei meets DVCAA Prof. Sarah Ssali, explores new opportunities for strengthening academic, research and innovation collaboration between Uganda, Japan and other African countries, with a particular focus on artificial intelligence (AI), aerospace engineering, materials and remote sensing, food value chains, energy, water and climate change, 4th September 2026, Main Building, Makerere University, Kampala Uganda, East Africa.
Prof. Sarah Ssali (R) presents a Makerere necktie to Dr. Okano Takasei (L).

According to Prof. Ssali, the building, which houses College of Natural Sciences (CoNAS) disciplines of geology, petroleum studies and administrative offices, was constructed during her undergraduate years and completed within a remarkably short period.

Prof. Ssali said the long-standing relationship between Uganda, Makerere University and Japan provides a strong foundation upon which new areas of collaboration can be built. She encouraged the visiting JICA delegation to explore the University and identify areas where existing partnerships could be strengthened or new areas of cooperation developed.

“Please take time and explore and see where either you already have a footprint, where you’ve ever had a footprint, or where you could explore new areas,” she said.

Prof. Ssali added that Makerere was privileged to host the JICA delegation and expressed optimism that the visit would lead to meaningful and sustainable partnerships.

Strengthening Joint Collaboration through AJ-ASPIRE

Dr. Okano, in his remarks as leader of the delegation said the visit formed part of a broader JICA initiative aimed at promoting academic and research collaboration between Japanese and African universities.

He explained that the initiative was launched on the occasion of the ninth Tokyo International Conference on African Development (TICAD 9), held in Yokohama in September 2025, with the objective of strengthening academic and research partnerships between Japan and Africa.

According to Dr. Okano, the initiative is intended to benefit both African and Japanese universities by providing platforms for internationalisation, collaborative research and the exchange of knowledge, researchers and students. “We would like to play a role of facilitator between universities in Japan and Africa and Uganda as well,” he said.

He explained that JICA is currently promoting the initiative through three African hub universities where JICA already has ongoing projects and experts on the ground.

The three institutions are Egypt-Japan University of Science and Technology (E-JUST) in Egypt, Jomo Kenyatta University of Agriculture and Technology (JKUAT) in Kenya, and Stellenbosch University in South Africa.

Dr. Okano said the selection of the three institutions was informed by the presence of ongoing JICA-supported projects and experts who can facilitate collaboration between the hub universities and institutions across Africa and Japan.

Dr. Okano Takasei makes his remarks. Japan International Cooperation Agency (JICA) delegation led by Dr. Okano Takasei meets DVCAA Prof. Sarah Ssali, explores new opportunities for strengthening academic, research and innovation collaboration between Uganda, Japan and other African countries, with a particular focus on artificial intelligence (AI), aerospace engineering, materials and remote sensing, food value chains, energy, water and climate change, 4th September 2026, Main Building, Makerere University, Kampala Uganda, East Africa.
Dr. Okano Takasei makes his remarks.

The hub universities are currently coordinating research with Japanese universities in strategic areas, with E-JUST focusing on energy, JKUAT leading work on food value chains, and Stellenbosch University focusing on water and climate change.

Dr. Okano said JICA was particularly pleased to explore collaboration with Makerere University under the African-Japan Initiative for Research and Education Partnerships, known as AJ-ASPIRE.

He outlined three major avenues through which Makerere could participate in the initiative.

The first is participation in existing research programmes hosted by the three hub universities. He added that Makerere researchers could join ongoing research on energy, food value chains, water and climate change, thereby creating opportunities to work with Japanese and other African researchers.

“We would like to explore opportunity for researchers from Makerere University to participate in these ongoing research activities and expand collaboration with Japanese and African partner institutions,” Dr. Okano said.

The second area is the development of new research networks in artificial intelligence and aerospace engineering. Dr. Okano said JICA was planning to establish new research groups focusing on the two areas and would be interested in having Makerere researchers participate in the emerging networks. “We would like to also invite researchers from Makerere University to join these networks and implementation of future collaboration in these two research topics, aerospace engineering and AI,” he said.

The third proposed avenue is increased collaboration between Makerere University and E-JUST, which Dr. Okano said offers fully funded scholarship opportunities for African students through a programme jointly supported by the governments of Egypt and Japan.

He noted that a number of Makerere graduates have already benefited from the programme, including researchers who have pursued doctoral studies and research opportunities in Egypt and Japan.

Dr. Okano cited the example of Mr. Abdonoor Kalibala, a Makerere alumnus whom he recently met in Hiroshima, Japan, following completion of PhD in Mechatronics and Robotics engineering at E-JUST. Mr. Kalibala conducted research in Japan for up to six months under the supervision of a Japanese professor as part of his doctoral programme.

Dr. Okano said such programmes could help strengthen the movement of researchers between Uganda, Egypt and Japan and create lasting institutional partnerships.

He added that JICA is also providing small research grants to alumni of the programmes to help them maintain and expand research collaboration involving Japan, E-JUST and African institutions.

He said Makerere could leverage such opportunities to increase the participation of its students and researchers in international research networks.

AI, Materials and Remote Sensing and International Relations Set the Pace

Prof. Robert Wamala, Director of Research, Innovations and Partnerships at Makerere University, said the visit followed an online engagement held a few weeks earlier between Makerere University and JICA, during which several areas and units within the University were identified as potential points of collaboration.

Prof. Wamala said these included the Makerere University AI Lab, the University’s International Office and researchers working in space engineering, particularly in materials and remote sensing.

He welcomed the transition from online discussions to physical engagement, saying the visit would allow JICA representatives to interact directly with researchers, academic units and University authorities. “This interest is being followed up through an in-person visit, which provides us an opportunity for JICA to engage directly with the relevant units and researchers at Makerere University,” Prof. Wamala said.

For Makerere, he added, the initiative provides an opportunity to connect the University’s research strengths with Japanese universities, research institutions and development partners to address shared development challenges.

L-R: Prof. Robert Wamala, Prof. Sarah Ssali, Ms. Eri Maeda and Dr. Okano Takasei flip through the Makerere Coffee Table book. Japan International Cooperation Agency (JICA) delegation led by Dr. Okano Takasei meets DVCAA Prof. Sarah Ssali, explores new opportunities for strengthening academic, research and innovation collaboration between Uganda, Japan and other African countries, with a particular focus on artificial intelligence (AI), aerospace engineering, materials and remote sensing, food value chains, energy, water and climate change, 4th September 2026, Main Building, Makerere University, Kampala Uganda, East Africa.
L-R: Prof. Robert Wamala, Prof. Sarah Ssali, Ms. Eri Maeda and Dr. Okano Takasei flip through the Makerere Coffee Table book.

Prof. Wamala said the University was particularly interested in identifying practical areas of collaboration that could move beyond general discussions to concrete research partnerships, joint projects and opportunities for students and researchers.

He noted that the JICA delegation’s on-campus interactions scheduled to take place throughout the day would enable the two sides to identify specific areas of mutual interest. “We hope these engagements will help us identify specific areas of future interest and provide a basis for developing concrete areas of collaboration under the AJ-ASPIRE,” Prof. Wamala said.

He reiterated Makerere’s commitment to strengthening international research partnerships and thanked JICA for its continued interest in the University.

Dr. Okano, was accompanied by Mr. Ito Idomu, Research and Advisor at the Embassy of Japan, Mr. Osaki Mistuhiro from JICA headquarters, Ms. Eric Maeda from JICA Headquarters, and Ms. Ruth Mbabazi from JICA Uganda.

JICA follow-up meetings with Makerere research units

Following the high-level meeting in the Vice Chancellor’s Board Room, the JICA team, together with the Directorate of Research, Innovations and Partnerships, proceeded to engage with key research and administrative units at Makerere University identified as strategic to the proposed areas of collaboration.

The delegation held meetings with the Makerere University AI Lab, led by Dr. Joyce Nabende of the College of Computing and Information Sciences (COCIS), to explore opportunities for cooperation in artificial intelligence and related emerging technologies.

The team also met officials from the Makerere University International Office, led by Mr. Mathias Ssemanda, where discussions focused on opportunities for strengthening international academic linkages, mobility and institutional partnerships.

A further engagement was held with the Department of Geomatics and Land Management, focusing on materials and remote sensing, led by Prof. Lydia Kayondo from the College of Engineering, Design, Art and Technology (CEDAT).

The engagements provided an opportunity for the JICA team and Makerere researchers to move from broad discussions on collaboration to more specific conversations around research interests, expertise, existing projects and potential areas for joint work.

The visit marks an important step towards strengthening Makerere University’s engagement with Japanese and African research institutions under AJ-ASPIRE, while opening opportunities for researchers and students to participate in emerging international networks in artificial intelligence, aerospace engineering, remote sensing and other strategic areas of science, technology and innovation.

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Undergraduate Admissions: Students allowed to Change Programs/Subjects 2026/27

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The Office of the Academic Registrar has released lists of students whose applications for change of Programme/Subjects have been approved for the Academic Year 2026/2027.

The lists can be accessed by following the inks below:

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Uganda to Launch ACT-PREP, Africa’s New Epidemic Preparedness Research Network

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A KCCA Medical Office debriefs the MakSPH Field Epidemiologists and Surveillance Team during the CoVID-19 pandemic. Makerere University School of Public Health, Kampala, Uganda, East Africa.

By Henry Mugenyi

When the next infectious disease outbreak strikes, the question for African researchers should not be whether they have the capacity to conduct the research, but how quickly they can begin.

That is the gap a new five-year research initiative, Advancing Clinical Trials and Epidemic Preparedness Research Capacity in Africa (ACT-PREP), is seeking to address.

The project will be officially launched in Uganda on September 28th, 2026, bringing together researchers and partners from universities and research institutions across Africa and Europe. The launch will be held at the Makerere University School of Public Health (MakSPH) Auditorium in Kampala.

Led by Makerere University School of Public Health, ACT-PREP is designed to strengthen Africa’s ability to conduct clinical trials and other research before and during infectious disease outbreaks.

Africa has repeatedly faced epidemics of diseases such as Marburg, Ebola, COVID-19 and other emerging infections. Yet when outbreaks occur, the capacity to quickly generate the evidence needed to guide treatment, prevention and public health decisions remains underdeveloped.

ACT-PREP aims to make research part of outbreak preparedness not something that begins only after an epidemic has already spread.

According to Prof Rhoda Wanyenze, the Principal Investigator on the project, “the initiative will establish a framework for more equitable collaboration among 10 African and two European institutions, working alongside Universities and the Africa Centres for Disease Control and Prevention (Africa CDC)”.

The consortium includes institutions from Uganda, Rwanda, Tanzania, the Democratic Republic of Congo, Somalia, South Sudan and Senegal, as well as European partners in Sweden and Germany. Africa CDC is also among the participating institutions.

For Uganda, the launch at Makerere University is significant. The university is taking the scientific lead on a programme that places African research institutions at the centre of efforts to prepare for future epidemics.

One of ACT-PREP’s central ambitions is to address the shortage of researchers and systems capable of rapidly conducting high-quality clinical research during emergencies.

The project will strengthen clinical research, ethics and regulatory capacity, while also supporting laboratory and disease surveillance systems. It will integrate training into PhD and postdoctoral programmes, with the consortium aiming to train at least 700 fellows at the end of the project.

“The idea is straightforward: Africa needs not only laboratories and equipment, but also people with the skills to use them when an outbreak begins” – Says Dr Steven Kabwama, ACT-PREP Project Manager.

Researchers will also be supported to share expertise, data, resources and technology across institutions and national borders.

ACT-PREP will further explore One Health approaches and artificial intelligence-supported systems to improve disease prediction, detection and rapid response. The project also seeks to support more streamlined regulatory processes so that clinical trials can be deployed and monitored more quickly when they are needed.

The experience of recent epidemics has shown that time is one of the most valuable resources in an outbreak.

Delays in detecting a pathogen, setting up research sites, securing ethical and regulatory approvals or generating reliable evidence can affect how quickly health authorities are able to respond.

ACT-PREP is built around the idea that many of these systems should already be in place before the next emergency.

That means having trained researchers, functioning laboratories, established regulatory pathways, surveillance systems and relationships between institutions that can be activated when an outbreak occurs.

It also means changing how research partnerships are built.

Rather than relying on external institutions to arrive when a crisis begins, the project seeks to strengthen African institutions themselves and create longer-term collaborations in which expertise, technology, data and resources can be shared across borders.

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