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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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Makerere University Hosts Landmark East African Universities Debate Championships 2026

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Moment of Truth! Hon. Eng. Cuthbert Abigaba (Centre) presents a trophy to the winning team as DVCAA-Prof. Sarah Ssali, 92nd Vice Guild President-H.E. John Bosco Mubiru and other officials witness on 31st July 2026. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.

Makerere University has once again cemented its place as a regional leader in academic excellence after successfully hosting the East African Universities Debate Championships (EAUDC) 2026, welcoming the continent’s brightest young minds for a week of intellectual competition, cultural exchange, and leadership development.

Held from 26th July to 1st August 2026, the championship brought together more than 200 student debaters, adjudicators and delegates from 25 universities across Uganda, Kenya, Tanzania, Rwanda, South Sudan and other invited institutions, transforming the Ivory Tower into East Africa’s premier arena for ideas, innovation and public discourse.

Impeccable! A participant from South Sudan takes to the podium. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Impeccable! A participant from South Sudan takes to the podium.

The week-long tournament featured rigorous British Parliamentary debate rounds, public speaking competitions, adjudication workshops and networking sessions designed to sharpen critical thinking, leadership and persuasive communication. Participants debated contemporary issues ranging from governance and economic transformation to technology, public health, climate change and Africa’s future.

Speaking at the opening ceremony, the Deputy Vice Chancellor welcomed delegates to Makerere University, emphasizing the institution’s enduring commitment to nurturing graduates who are not only academically accomplished but also capable of leading meaningful conversations that shape society. The championship reflected Makerere’s vision of producing graduates who are innovative, analytical and prepared to address regional and global challenges.

Prof. Sarah Ssali. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Prof. Sarah Ssali.

Beyond competition, EAUDC 2026 became a celebration of East African unity. Delegates experienced Uganda’s rich cultural heritage through social events, campus tours and cultural showcases that fostered friendships beyond national borders. The interactions reinforced the championship’s belief that dialogue remains one of the strongest foundations for regional integration and peaceful cooperation.

The tournament concluded with an electrifying Grand Finale witnessed by students, alumni, university leaders, invited guests and debate enthusiasts. The Chairperson of the Parliamentary Committee on Education and Sports Hon. Eng. Cuthbert Abigaba represented the Speaker of Parliament as the Guest of Honour. In his remarks he congratulated Makerere University on the successful event and encouraged debate among students.

The Guest of Honour, Hon. Eng. Cuthbert Abigaba. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
The Guest of Honour, Hon. Eng. Cuthbert Abigaba.

Prof Sarah Ssali the Deputy Vice Chancellor in charge of Academic Affairs at Makerere University pledged continuous support from the administration towards Makerere Debate Union. Teams demonstrated exceptional research, analytical reasoning and eloquence before a distinguished panel of international adjudicators, bringing to a close one of the most competitive editions of the championship.

The successful hosting of EAUDC 2026 marks another milestone in Makerere University‘s growing reputation as a centre of excellence for debating and public speaking. The event builds on the university’s long-standing tradition of producing outstanding debaters while providing students with opportunities to engage with peers from across the region in meaningful intellectual exchange.

Hon. Eng. Cuthbert Abigaba (Left) receives Makerere Souvenirs from Prof. Sarah Ssali (Right). East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Hon. Eng. Cuthbert Abigaba (Left) receives Makerere Souvenirs from Prof. Sarah Ssali (Right).

As the championship drew to a close, participants departed Kampala with new friendships, stronger networks and renewed inspiration to continue using debate as a tool for leadership, democratic participation and social transformation.

Hon. Eng. Cuthbert Abigaba and Prof. Sarah Ssali (Centre) enjoy a photo moment with a section of participants. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Hon. Eng. Cuthbert Abigaba and Prof. Sarah Ssali (Centre) enjoy a photo moment with a section of participants.

With the East African chapter successfully concluded, attention now turns to the Pan-African Universities Debating Championship (PAUDC) 2026, where Makerere University will once again represent East Africa on the continental stage.

Some of the smiles that lit up EAUDC Zaabu. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Some of the smiles that lit up EAUDC Zaabu.

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Makerere University Newsletter Apr-Jun 2026

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Cover Page of the Makerere University Newsletter Apr-Jun 2026. Kampala Uganda, East Africa.

This April–June 2026 edition of the Makerere University Newsletter captures a decisive push toward becoming a research-led institution. Vice Chancellor Prof. Barnabas Nawangwe’s college engagements emphasized prioritizing graduate training to ensure research addresses Uganda’s and Africa’s development needs.

New Memoranda of Understanding are deepening collaborative research, staff and student exchanges, and the conversion of knowledge into practical solutions. The upgraded Makerere Financial Management System (Mak-FMS), launched this quarter, exemplifies institutional innovation by enabling fully paperless financial processes that boost efficiency, transparency and accountability.

Individual achievement also highlights our global reach. Mr. Kiggundu Muhammed’s win in the University of Groningen’s Erasmus+ African Perspectives Video Contest showcases how Makerere minds contribute distinctive African insights to international discourse. Complementary efforts, such as the sign-language training for undertaking Pharmacy students, demonstrate research-informed practice that advances inclusive service delivery.

The upgraded Makerere Financial Management System (Mak-FMS), launched this quarter, exemplifies institutional innovation by enabling fully paperless financial processes that boost efficiency, transparency and accountability.

Together, these developments confirm that Makerere’s research output is growing in both scale and relevance. As Makerere natures cultivate the next generation of scholars and innovators, we remain committed to producing knowledge that transforms lives, strengthens communities, and positions Uganda as a continental leader in higher education and innovation. As We Build for the Future

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Freshers’ Joining Instructions 2026/2027

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Main Building in the background. Photo taken on 1st April 2026

Dear Students; Class of 2026/2027

It is both an honour and a privilege to welcome you to Makerere University, Uganda’s oldest and premier institution of higher learning, and one of Africa’s most respected centres of scholarship, research and innovation. On behalf of the University Senate and the Office of the Academic Registrar, I extend my heartfelt congratulations to each one of you upon your admission to Makerere University for the 2026/2027 Academic Year.

Today marks the beginning of one of the most important chapters of your lives. It is a day that signifies not only your admission to a great university, but also your acceptance into a community of scholars committed to the pursuit of knowledge, the advancement of society, and the service of humanity. You have earned your place here through determination, sacrifice and hard work. Behind every student seated here is a story of perseverance, encouragement from parents and guardians, dedication from teachers, and personal commitment to excellence. To all who have contributed to this achievement, we express our sincere appreciation.

As you join Makerere University, you become part of a remarkable legacy that spans more than a century. For generations, Makerere has stood as a beacon of academic excellence on the African continent. It has nurtured leaders in government, business, academia, science, education, the arts and many other professions. Its graduates have shaped public policy, advanced scientific discovery, built thriving enterprises and transformed communities across Uganda, Africa and the world. Today, you inherit that proud tradition. More importantly, you are called upon to enrich it through your own achievements and contributions.

The world you are entering is changing rapidly. Advances in artificial intelligence, biotechnology, digital innovation and data science are transforming every profession. Nations are grappling with climate change, public health challenges, food insecurity, unemployment, governance concerns and widening inequalities. These realities demand graduates who are not only knowledgeable, but also innovative, adaptable, ethical and committed to finding practical solutions to society’s most pressing challenges. Makerere University is committed to preparing you for that responsibility. Our vision is not simply to produce graduates, but to develop critical thinkers, responsible citizens, innovators and leaders who will make meaningful contributions to national development and global progress.

Dear Fresh Students,

University education is fundamentally different from the education you have previously experienced. At Makerere, learning is not confined to the lecture room. It requires curiosity, discipline and personal responsibility. Your lecturers will guide you, challenge your thinking and provide opportunities for intellectual growth, but the responsibility for learning rests with you. Attend your lectures consistently, participate actively in discussions, read widely beyond the prescribed materials, complete your assignments diligently and prepare adequately for your examinations. Success at university is rarely the result of extraordinary intelligence alone; more often, it is the product of consistent effort, effective time management and unwavering commitment.

As Academic Registrar, allow me to emphasise the importance of understanding and complying with the University’s academic regulations. These regulations exist to ensure fairness, transparency and the integrity of our academic processes. Complete your registration within the stipulated timelines, familiarise yourselves with the Academic Calendar and the Students’ Regulations, and regularly access your academic information through the Academic Management Information System (ACMIS). Always seek guidance whenever you encounter academic or administrative challenges. Our offices are here to support your success.

One value that must remain central throughout your academic journey is integrity. Your degree will derive its true worth not only from the knowledge you acquire, but also from the honesty with which you earn it. Academic dishonesty, including plagiarism, examination malpractice, falsification of documents and any other form of misconduct, undermines the very purpose of higher education. Protect your reputation and uphold the good name of Makerere University by conducting yourselves with honesty, responsibility and professionalism in all that you do.

While academic excellence remains our primary focus, I encourage you to embrace the broader university experience. Makerere University offers countless opportunities to develop your talents beyond the classroom. Participate in research, innovation, entrepreneurship, leadership, sports, cultural activities, volunteer programmes and community engagement initiatives. These experiences will enrich your education, strengthen your confidence and prepare you for leadership in an increasingly interconnected world. Some of the most valuable lessons you will learn at Makerere will come through collaboration, service and engagement with people from different backgrounds and cultures.

You have joined one of the most diverse academic communities in the region. Within this University you will meet colleagues from every region of Uganda and from many countries across Africa and beyond. Embrace this diversity with respect, openness and humility. Learn from one another. Build lasting friendships. Listen to different perspectives and appreciate that diversity is one of our greatest strengths. The networks you establish during your years at Makerere may become lifelong friendships, professional partnerships and opportunities that shape your future.

As you pursue your studies, remember that the University community is built on mutual respect and shared responsibility. Conduct yourselves with dignity both on and off campus. Respect your lecturers, fellow students and members of staff. Use social media responsibly and appreciate that your actions, whether online or offline, contribute to your personal reputation and that of the University. Leadership begins with character, and character is demonstrated through the choices we make every day.

There will undoubtedly be moments when university life becomes challenging. You may encounter difficult coursework, financial constraints, personal struggles or moments of uncertainty. Such experiences are not unusual, nor do they define your future. What matters is how you respond to them. Do not hesitate to seek assistance from your lecturers, academic advisers, counsellors or fellow students. Makerere University is committed to supporting your academic, personal and professional development, but you must also be willing to seek help whenever you need it. Resilience, perseverance and a positive attitude often distinguish those who succeed from those who give up too soon.

Dear Students,

Leadership is not reserved for those who hold positions of authority. Leadership begins with taking responsibility for your own actions, influencing others positively and serving your community with integrity. Throughout your time at Makerere, I encourage you to cultivate the qualities of ethical leadership, critical thinking, innovation and service. Challenge yourselves to become solution providers rather than problem identifiers. Ask yourselves not only how you will build successful careers, but also how your knowledge and skills will improve the lives of others and contribute to the development of Uganda, Africa and the wider world.

Among you are future scientists who will develop life-changing innovations, future entrepreneurs who will create employment opportunities, future judges who will uphold justice, future medical professionals who will save lives, future teachers who will inspire generations and future public servants who will shape national policy. The opportunities before you are immense, but they must be matched by discipline, humility and a commitment to lifelong learning.

As you begin this journey, remember that every lecture attended, every book read, every assignment completed and every meaningful friendship formed contributes to the person you will become. Make each day count. Pursue excellence not for recognition alone, but because excellence is a habit that shapes character and transforms lives.

As I conclude, I leave you with a simple but profound challenge. During your years at Makerere University, do not merely strive to obtain a degree. Strive to become a person of knowledge, integrity, compassion and purpose. Let your education inspire you to think boldly, act ethically and serve selflessly. Let your years at Makerere prepare you not simply for employment, but for leadership; not merely for personal success, but for meaningful impact.

On behalf of the University Senate and the Office of the Academic Registrar, I warmly welcome you to Makerere University. We are proud to receive you at this great institution, and we look forward to witnessing your growth into graduates who will uphold the values, traditions and reputation of Makerere University wherever life may lead you.

I wish you every success in your academic journey.

Welcome to Makerere University, and may God bless you all.

I thank you for your kind attention.

We Build For the Future.

Professor Buyinza Mukadasi (PhD)
Academic Registrar

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