MUMCS Members pose for a group photo with their Chairperson-Prof. Barnabas Nawangwe, Secretary-Prof. Winston Tumps Ireeta and Treasurer-Prof. Juma Kasozi at the AGM on 26th February 2025.
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).
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.
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.
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.
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.
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.
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.
The Directorate of Graduate Training (DGT), Makerere University has released the admission lists for applicants successfully admitted for postgraduate programs for the 2025/26 Academic Year. The lists include postgraduate diplomas, PhD and Masters programmes.
Please see admission lists for the respective Colleges listed below:
The Chairperson and Members of the Intergovernmental Authority on Development (IGAD) Board of the Higher Education Council on Tuesday 29th July 2025 paid a courtesy visit to Makerere University following the 5th Meeting of the IGAD Universities Forum held in Kampala from 28th to 29th July. The delegation was received by the Acting Deputy Vice Chancellor (Academic Affairs), Prof. Edward Bbaale in the presence of Dr. Muhammad Kiggundu Musoke, Makerere University’s representative to IGAD.
In his welcome remarks, Prof. Bbaale on behalf of the Vice Chancellor and the University Management thanked the delegation for including a visit to Makerere on their Kampala itinerary, “It is an honour and privilege to host you here today,” he remarked. He equally thanked Dr. Kiggundu Musoke for representing the University on IGAD and facilitating the visit.
Prof. Bbaale acknowledged that IGAD continues to play a critical role in fostering regional cooperation, peacebuilding, and sustainable development in the Greater Horn of Africa. “The inclusion of higher education in IGAD’s strategic priorities speaks volumes about the importance you attach to knowledge, skills, and research as tools for transforming societies,” he supplemented.
Right to Left: Dr. Victoria Anib Majur, Dr. Muhammad Kiggundu Musoke, Prof. Edward Bbaale, Dr. Kebede Kassa Tsegaye and another IGAD official during the discussions.
The Acting DVCAA reiterated that Makerere University takes great pride in her IGAD membership, as well as the collaborative research partnerships, capacity-building initiatives, and policy dialogues that seek to harmonise and strengthen higher education in the region undertaken therein. He equally lauded the participation of regional Vice Chancellors and Senior Academic Leaders in IGAD’s activities, “Your presence affirms our collective resolve to build stronger institutions and knowledge systems that respond to the developmental needs of our communities.”
He noted that Makerere in pursuit of her strategic research-led agenda takes cognizance of the importance of partnerships at regional and international levels and urged the leaders present to nurture them. “We need to build a strong academic and research network so that we have seamless flow staff and students on the African continent,” adding that “We hope this visit will further deepen the bonds between our institutions and inspire new opportunities for collaboration in teaching, research, innovation, and regional integration.”
Prof. Edward Bbaale (Left) presents coffee grown, roasted and packaged by Makerere University to Dr. Victoria Anib Majur (Right) in appreciation of the delegation’s visit.
Dr. Kebede Kassa Tsegaye, the IGAD Senior Coordinator of Education, Science, Technology and Innovation Program expressed delight at visiting Makerere, noting that the University and Republic of Uganda are strategic and extremely valuable partners of the regional body.
In her remarks, Dr. Victoria Anib Majur the Head, IGAD Health and Social Development Division thanked Makerere and other regional universities for promoting mobility among learners by endorsing the implementation of the IGAD Regional Qualifications Framework (IGADQF). “It is our pleasure that your institution and all other partner institutions in the region are joining IGAD in fulfilling the mission of regional integration through skills development and through qualifications.”
She reiterated IGAD’s commitment to push for; excellence in education, inclusivity of gender and persons with disabilities, and promotion of skills that will prepare learners, especially refugees, returnees, and those from host communities in the IGAD region for the marketplace. The IGAD Secretariat is hosted by the Republic of Djibouti and region covers the host country-Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda.
The training which was organized by the Directorate of Graduate Training and supported by CARTA, Emerging and Re-emerging Infectious Diseases (TERID) Research Hub at Makerere University, took place at the Senate Building Conference Hall.
In his opening remarks, the acting Deputy Vice Chancellor –Academic Affairs Prof. Buyinza Mukadasi emphasized that each of the PhD cross cutting courses has got their unique role and importance that it adds to everyone including lecturers and other scholars.
He commended the wealth of experience of the trainers and thanked them for coming up with different core methods of teaching the Advanced Research Methods course.
“It takes courage to stand before PhD holders and train them. However, the more you listen, the more you understand that there is a lot you don’t know”, Prof. Buyinza added.
Prof. Buyinza emphasized that these PhD cross cutting course were approved by the Senate and that they are now regular programs of the University, adding that participants must now be assessed, sit examinations and avail certificates to the participants.
“We need the seriousness of the trainees while attending these courses. You are the crop that we look to in training and meeting the demands of the over 500 PhD students we admit each year.” He said.
He further said, “Once you have the skills we require of you in these courses, we will avail you with the course description to teach and train the PhD students. We need a multi- disciplinary team because Advanced Research Methods requires so.”
He called upon the Graduate Training Directorate to train many more to enable the university have a sizeable number of facilitators. “Train as many as you can. Give them the basic principles and we shall have a crop of facilitators that Makerere University needs.”
Prof. Buyinza also informed the participants that the package and course content of the training were very relevant and that even if one did not do research methods at Masters, then at PhD, with this course, it makes a lot of sense to such learners. “With Pedagogy, the learner is at the center of learning and this calls for special skills in addition to integration of technology.” He added.
Relatedly, the Director of Graduate Training Prof. Julius Kikooma challenged the participants to have great knowledge takeaways from the trainers, as these will be the building blocks of future trainings to doctoral students.
“You are our building blocks and we want to use this training to strengthen your ability to take on knowledge creation and dissemination to another level through facilitating graduate trainings, even after these trainers have left.” He added.
He further added, “I challenge you to be creative and innovative. We are now competence based. How prepared are you to handle students since the curriculum has been changed to competence based approach? Focus is now on competence based teaching.”
Prof. Kikooma further added that the Advanced Research Methods training encourages and promotes competent capacity building for learners and that it is an opportunity for the university to prepare for the students who are going to join the university education after going through the new teaching curriculum that is competence based.
Dr. Moses Okech, a participant from the Department of Extension and Innovation Studies at CAES said, “My hope is that this training is cascaded to all colleges and schools of the university to ensure uniformity. It is a training everyone needs to go through. It is broad knowledge in enhancing the quality of doctoral studies is unmatched.”
He added, “We need to implement this training to all doctoral students according to design and anticipated outcome because this Advanced Research Methods has the potential to transform our higher education system and provides more potential to produce students with transformative mindsets that can easily internalize and deliver government priority interventions like the Parish Development Model (PDM) and Emyoga.
Dr. Okech added, “Great training in terms of offering opportunity for instructors to check the standards that are used to support graduate students during their masters and doctoral studies.”
Prof. Joseph Ntaayi, a trainer from the Department of Procurement and Logistics Management at Makerere University Business School (MUBS) said, “Traditionally we have been receiving students and they are given to doctoral committees. However, such students have not been going through trainings like Philosophy of Science, Advanced Research Methods and scholarly writing and publications, yet students are required to write and defend research proposals, design, implement and validate a research instrument and also be able to anticipate and deal with ethical issues, write a research thesis and at least publish two (2) papers before they defend the final thesis and graduate.”
He therefore added that this training will help improve on the PhD students’ proposals and thesis, as well as their scholarly publications and this will eventually improve on the completion rates of graduate studies.
On the National Development Plan, Prof. Ntaayi said that the Students’ research areas of focus will impact positively on the policy development and implementation.
“The selection of research topics by students has been mechanical because they lacked the competence to undertake research. This training hence focuses them to select topics that have issues of national importance.” He added.