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Bank of Uganda holds career talk with students: Commits to Annual Monetary policy engagements

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On 14th April 2025, the Bank of Uganda in partnership with the College of Business and Management Sciences (CoBAMS) hosted a career talk targeting students studying economics at Makerere University.

The Bank of Uganda is one of the leading employers of students from Makerere University. It is therefore a key strategic partner of Makerere University.

In line with the theme of the career talk, ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ the various Speakers shared their student experiences while at the University up to graduation, and their real-life experiences as they transitioned into the world of work. This approach enabled the Speakers to manage the expectations of the students, who in turn, listened attentively to the Speakers, actively participated in the plenary, responded to questions from the Speakers, asked questions after each presentation, and requested for more engagements, mentorship and networking sessions.

From the presentations and discussion, the world of work focused on fields such as economics, business, finance, accounting, entrepreneurship, farming, the academia, the teaching profession, and any other field that presented the Speakers with an opportunity to serve their respective communities.

Career Talk participants in a group photo. Bank of Uganda in partnership with College of Business and Management Sciences (CoBAMS) career talk targeting students studying economics. Theme: ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ Commits to Annual Monetary policy engagements, 14th April 2025, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Career Talk participants in a group photo.

Featuring Mr. Jonah Waiswa, the Head of Stakeholder Engagement at the Bank of Uganda, the career talk, presented a scenario of, “I have walked this journey. I have been successful. When you listen to my story, you could get some tips and valuable knowledge to guide you as a student who is scheduled to transition into the world of work.”

During the career talk, the students also listened to speeches loaded with words of wisdom and inspiration from the Principal of the College of Business and Management Sciences-Prof. Edward Bbaale, the Dean of the School of Economics- Dr. Ibrahim Mike Okumu, and Lecturers from the School of Economics-Dr. Peter Babyenda and Mr. Fred Kasalirwe.

Welcoming the team from Bank of Uganda, Prof. Edward Bbaale pointed out that their presence signified a continued commitment to nurturing the next generation of economists- who are academically sound and industry-ready.

“The theme for the Career Talk was relevant and timely. As the College prepares students to thrive in a highly competitive and dynamic global economy, it is important that they are exposed to practical experiences and real world insights,” he stated.

Prof. Edward Bbaale makes his remarks at the Career Talk. Bank of Uganda in partnership with College of Business and Management Sciences (CoBAMS) career talk targeting students studying economics. Theme: ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ Commits to Annual Monetary policy engagements, 14th April 2025, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale makes his remarks at the Career Talk.

According to the Principal, the collaboration between Makerere University and the Bank of Uganda is long-standing and deeply valued. “In the past years, the School of Economics has benefited greatly from this relationship-through teaching of specialized courses such as Monetary Economics and Banking by experts from the Central Bank. Many of our alumni fondly recall these interactions that bridged theory with practice,” he remarked.

To the students, he said, “I urge you to listen keenly, ask questions and make the most of today’s interaction.”

Challenging the students to always utilize opportunities when they arise, the Dean of the School of Economics, Dr. Mike Ibrahim Okumu reminded students that economics is not just about understanding the world, but about changing it.

Dr. Okumu reported that the School of Economics’ esteemed collaboration with the Central Bank has been instrumental in developing the curriculum.  “This year, we are excited to launch a Master of Science in Economic and Investment Modelling, admitting a select group of ten students. This programme signifies our commitment to producing graduates who are deeply engaged in practical applications of economics,” he stated.

The Dean, School of Economics, Dr. Ibrahim Mike Okumu addressing students during the Career Talk. Bank of Uganda in partnership with College of Business and Management Sciences (CoBAMS) career talk targeting students studying economics. Theme: ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ Commits to Annual Monetary policy engagements, 14th April 2025, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
The Dean, School of Economics, Dr. Ibrahim Mike Okumu addressing students during the Career Talk.

Building on the goodwill between Makerere University and the Bank of Uganda, Mr. Waiswa was pleased to address the students-who are the prospective employees of the Central Bank as well as future economists.

Impressed by the level of attendance, the keynote Speaker-Mr. Jonah Waiswa commended the College Principal, the Dean and Staff in the School of Economics and the Makerere University Economics Students Society for the excellent mobilization.

He was delighted to address students studying economics at the University because he was once like them. “I was once an undergraduate student like you. I focused on my studies and performed well. I took advantage of the opportunities that came my way. I have spent a number of years working with the central bank,” shared Mr. Waiswa, an alumnus of Makerere University who on completion of his studies was privileged to join the world of work.

In his presentation, Mr. Waiswa highlighted the Bank of Uganda’s mission to foster price stability and a sound financial system, and its vision of being a centre of excellence in upholding macroeconomic stability. The Bank of Uganda is mandated under article 162(1) of the constitution to promote and maintain the stability of the value of the of the currency of Uganda; to regulate the currency system in the interest of the economic progress of Uganda; and to encourage and promote economic development and efficient utilization of resources.

He defined concepts such as monetary policy, macro-economic management policies, inflation and stability of the economy, which are taught in the classroom at Makerere University, and applicable at the Central Bank. He stressed that the cardinal principle of the Bank of Uganda is to control inflation. He made specific reference to some of the values of Bank of Uganda namely Integrity, Accountability, Transparency, professionalism, inclusivity and innovation. He informed students that these values are central to the day to day lives of students who wish to excel in life and at the world of work.

He requested the students to always log on to the central bank website to have a broader understanding of its roles, functions, opportunities that are available to students as well as careers at Bank of Uganda.

Mr. Jonah Waiswa, Head of Stakeholder Engagement at the Bank of Uganda presenting to students. Bank of Uganda in partnership with College of Business and Management Sciences (CoBAMS) career talk targeting students studying economics. Theme: ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ Commits to Annual Monetary policy engagements, 14th April 2025, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Mr. Jonah Waiswa, Head of Stakeholder Engagement at the Bank of Uganda presenting to students.

Mr. Waiswa highlighted that education is the ladder to socio-economic transformation. He called upon the economics students who have been presented with the golden opportunity to access education up to the level of the university, to reflect on the question. “How do I leverage my education to make myself better?”

With reference to the theme of the Career talk, Mr. Waiswa noted that the starting point is for each student to understand and appreciate the need to concentrate on his or her studies and excel academically. According to him, academic excellence presents an individual with a chance to tap into other opportunities.

In addition to academic excellence, students should prepare to transition into the world of work, which could be, in the form of being employed, or self-employed or an entrepreneur. Mr. Waiswa guided that whatever field in the world of work, an individual pursues, understanding aspects such as self-discipline, time-management, acquisition of additional skills relevant to your work, integrity, accountability, and among others are paramount.

He rallied students to value internship or industrial training, voluntary service, networking and mentorship. He advised them to always navigate the websites of different institutions/companies to understand their roles, the caliber of employees that they require, and to search for opportunities.

Sharing his journey of humble beginnings, completing his undergraduate degree and enrolling into the world of work based on hard-work and merit, Mr. Waiswa informed the students that it is possible to commit to breaking the chains and succeed in life. Emphasizing the importance of education, Mr. Waiswa reminded the students that the fact that they have been able to study at Makerere University, they should harness the power of education to transform their lives and the communities that they come from.

“My journey has been from humble beginnings to a position where I can influence change-it’s a testament to the power of education. Inspiration is critical, and I hope you take something valuable from today,” said Mr. Waiswa.

“For those of you in the second and third year of study, your studies in monetary economics and macroeconomics are foundational. They lead us to understand the practical implications of what we learn in the classroom. However, it’s imperative that we also focus on life experiences and the journey to transformation,” he added.

Education is the ladder that connects us, regardless of where we may find ourselves in Uganda. It is this a common ground that can propel us forward. Leveraging your education to improve your circumstances is key, but it requires a passion and a drive to succeed.

Mr. Waiswa advised the students that the world of work requires employees who read the signs and take off time to acquire additional skills in a particular field. These include: Enrolling to study professional courses, acquisition of ICT skills, adapting to trends such as AI, as well as attaining a Master’s degree in the relevant discipline.

Without mentioning the names of the affected individuals (as confidentiality is concerned), Mr. Waiswa shared a lived experience where he painful witnessed some employees who had served with dedication at a particular organisation missing out at the time for promotion to the managerial level because they lacked a Masters’ degree. He noted that such individuals did not take advantage of availability of funds provided by the same organization to its employees to enroll for further studies.

Reflecting on the world of work, he asked the students, “Who are you out of class? He challenged them to visualize their technical competence (qualification) which includes the technological expertise, productive competence, communication competence (interpersonal relations) and personal development.

On the fundamental aspect of personal growth and development, he used an illustration of the effort pyramid to explain the concepts of growth and development, Job/work, and academics.

An Economics student participating in the career talk. Bank of Uganda in partnership with College of Business and Management Sciences (CoBAMS) career talk targeting students studying economics. Theme: ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ Commits to Annual Monetary policy engagements, 14th April 2025, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
An Economics student participating in the career talk.

He emphasized the need for diversification by investing in more than one asset class. He mentioned stocks, bonds, real estate and cash as some of the asset allocations that could be considered.

Tackling the area of investing, Mr. Waiswa revealed that fundamental wealth creation is about managing risk. “During investment decisions, we are presented with profits and losses, but the most important factor is managing risk,” he guided.

Underscoring the value of being accountable, Mr. Waiswa explained that when an individual secures a job, it is imperative that he or she works for the number of hours agreed upon, and delivers to the best of his or her ability. “After you have accorded your employer the hours agreed upon, it is important to use the rest of the hours or weekends to take on activities that advance your personal growth, networks and additional sources of income,” he said. In this regard, he informed the students, that after his working hours at the Bank of Uganda, he ventures into real-estate, farming, entrepreneurship and building valuable networks.

On the issue of prioritizing work and valuing networks, he said: “Despite my busy weekends dedicated to farming, I prioritized being here today because I am committed to my personal growth and that of my future generations. Remember that what you expect of life is often what you have to work tirelessly to achieve.”

He believes that after graduation and getting into the world of work, one should be able to marry or get married, produce children and balance work with family when he or she is still energetic. He encouraged the would be husbands to trust their partners, to be specific-by involving their wives in businesses and decision making processes.

Wrapping up, Mr. Waiswa disclosed that officials from the Bank of Uganda will be scheduled to come to Makerere University every year to discuss monetary policy and career prospects at the Bank.  “Effective July 2025, we will implement a deliberate plan to come and engage with students at the College of Business and Management Sciences,” he said.

On behalf of the students, Mr. Swaibuh Damulira, the President of the Makerere University Economics Students Society applauded the Bank of Uganda team for creating time to enlighten students about the world of work. He testified that the career talk had enabled him to learn new things and very important ideas about the life style cycle. He called for continuity of career guidance initiatives for the benefit of the students.

Mr. Swaibuh Damulira, President of the Makerere University Economics Students Society giving a vote of thanks. Bank of Uganda in partnership with College of Business and Management Sciences (CoBAMS) career talk targeting students studying economics. Theme: ‘Beyond the Books-Positioning Economics Students for National and Global Relevance,’ Commits to Annual Monetary policy engagements, 14th April 2025, Yusuf Lule Central Teaching Facility Auditorium, Makerere University, Kampala Uganda, East Africa.
Mr. Swaibuh Damulira, President of the Makerere University Economics Students Society giving a vote of thanks.

On behalf of the Organising Committee, Dr. Peter Babyenda thanked Mr. Jonah Waiswa for dedicating time to share his rich and wide real life experiences with students. “As economists, it is vital to understand current challenges and devise solutions. Networking is essential for it presents us with the ability to collaborate effectively,” he explained.

“Together, we aim to link the University with policy makers, reducing the distance between the academia and the real world. I thank Fred Kasalirwe and the Class coordinators for their unwavering support in organizing this career talk,” he remarked.

Dr. Babyenda underscored the importance of students’ participation, when he stated, “Remember, the university experience is incomplete without you, our students, who are our greatest resource. Let us continue fostering these important connections.”

The career talk climaxed with a specialized session scheduled for student leaders to visit the Central Bank next month for an in-depth discussion.

Ritah Namisango
Ritah Namisango

Business & Management

Makerere Vice Chancellor tasks CoBAMS to Change Africa’s research trajectory through graduate training

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The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.

June 15, 2026: The Vice Chancellor, Prof. Barnabas Nawangwe has called upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory. The call aligns with the research-led agenda of Makerere University – a strategic direction aimed at positioning the institution at the forefront of producing the requisite human resources and innovations for Uganda’s and Africa’s transformation.

To reinforce his line of argument, the Vice Chancellor cited statistics that place Africa, which is home to about 16% of the global population, at a rate of only 3% of the world’s total research output.

Strongly convinced that Makerere University through its Colleges, Schools, members of faculty, researchers and graduate students, has the potential to undertake research to change Africa’s research trajectory, the Vice Chancellor challenged the College of Business and Management Sciences to optimize graduate training to channel out research, innovations and publications.

Prof. Barnabas Nawangwe. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe.

“The future belongs to research. Graduate training presents us with a critical mass of students, to be nurtured, trained and mentored in research, to produce research outputs and innovations. I am therefore here to discuss with you, and hear your views on maximizing the graduate research potential,” he said.

A case for the research-led agenda and graduate training

Established in 1922, Makerere University celebrated 100 years of excellence in 2022. The commencement of its second century, presented the institution with a greater call to be a thought leader of impact-driven research and innovations.

Consequently, in the Strategic Plan, the leadership, staff and stakeholders, committed to the transformation of Makerere University into a research-led institution.

Graduate training was highlighted as a central pillar in the realization of the research-led agenda. Several strides have been registered including a record of 213 PhD graduates during the 76th graduation ceremony held in February 2026.

Some of the CoBAMS Leaders in attendance. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Some of the CoBAMS Leaders in attendance.

Driven by the prospects, the Vice Chancellor, Prof. Barnabas Nawangwe, on Monday 15th June 2026, held a strategic meeting with the leadership and staff at the College of Business and Management Sciences (CoBAMS) aimed at harnessing the power of graduate training to build a robust knowledge economy. He underscored the need to align graduate training, research and publications to with the overall research-led agenda of the University.

The meeting brought onboard university officials central to graduate training namely Prof. Julius Kikooma-Director of Graduate Training, Associate Professor William Tayeebwa-Managing Editor of Makerere University Press, the publishing arm of the institution, Prof. Fredrick Jones Muyodi-Head of the Makerere University Writing Centre, Prof. Edward Bbaale-the Principal of the College of Business and Management Sciences, Associate Professor James Wokadala- the Deputy Principal, Associate Professor Ibrahim Mike Okumu-Dean, School of Economics, Associate Professor Godfrey Akileng-Dean, School of Business, Dr. Margaret Banga-Dean, School of Statistics and Planning, Heads of Departments, Coordinators of Graduate Training, members of faculty and researchers.

Strategies for increasing graduate student numbers

The Vice Chancellor stated that Colleges should work with the Directorate of Graduate Training and key stakeholders to increase the number of graduate students (Masters and PhD levels). To facilitate this strategic direction, the Vice Chancellor emphasized the need to adhere to the policy guidelines, supervision procedures, and coming up with innovative systems aimed at improving the completion rates at the graduate levels.

In his presentation, the Director of Graduate Training, Prof. Julius Kikooma focused on the area of PhD training, policy changes to spur graduate training, and the strategic targets of Makerere University.

Prof. Julius Kikooma. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Prof. Julius Kikooma.

Specific to the PhD by Research, Prof. Kikooma appealed to the Colleges to popularize this PhD track, and encouraged Schools and Departments to actively contribute to its successful delivery.

Responding to the challenge of workload cognizant of the low staffing levels in some academic disciplines, Prof. Kikooma guided that when filling in the template, the members of faculty should indicate both the teaching load (hours taught) and the supervision load.

Centres of Excellence and Research at CoBAMS

Presenting the research and graduate training strategy, the Principal, Prof. Edward Bbaale provided a brief profile of the five (5) Centres of Excellence, through which, the College champions research, innovations, entrepreneurship, policy engagement, community impact.

Prof. Bbaale expounded that the Centres of Excellence and Research provide a practical training ground and mentorship for graduate students (Masters and PhD levels).

The Centres of Excellence and Research include: Public Investment Management Centre of Excellence (PIM CoE), Environment for Development (EfD-Mak Centre), Entrepreneurship and Innovation Centre, Tumusiime Mutebile Centre of Excellence, Centre for Population and Applied Statistics, the African Centre for Climate-Sensitive Macroeconomic Modelling.

Prof. Edward Bbaale. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale.

Vice Chancellor tasks CoBAMS to host more Centres of Excellence and Research

Reflecting on the significant contribution of Centres of Excellence to research productivity and visibility, as well as mentorship for graduate students, the Vice Chancellor tasked the College leadership to establish more centres. 

“Centres of Excellence help to redirect research. I therefore task you, to engage the Schools and Departments so that the College hosts over ten (10) Centres,” he guided.

According to the Vice Chancellor, each department at the CoBAMS should host at least two (2) Centres of Excellence and Research.

Publishing with Makererere University Press

In addition to publishing in internationally recognized journals, the Vice Chancellor encouraged the College to come up with home-grown journals, and publish their work in Makerere University journals. He called upon staff to utilize the Makerere University Press, which is the publishing arm of the institution.

The Managing Editor of the Makerere University Press, Associate Professor William Tayeebwa outlined that Makerere University journals are strategic instruments for: global visibility of Makerere University research, academic reputation and institutional ranking, knowledge dissemination and policy influence, strengthening postgraduate supervision and research culture, and attracting international scholarly collaboration.

The Managing Editor explained that the Makerere University Press was implementing a structured, standards-driven journal ecosystem where all journals meet the minimum international publishing standards. He added that the journals are developed intentionally for indexing readiness, and colleges take ownership of journal performance and sustainability, while the Makerere University Press provides the centralized technical and quality assurance support.

Associate Professor William Tayeebwa. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Associate Professor William Tayeebwa.

Specifically, Associate Professor Tayeebwa informed the audience that the Press had worked with the College of Business and Management Sciences to produce the 2025 working paper series consisting of over 60 research outputs. He added that both entities were in advanced staged of producing the 2026 CoBAMS Working Paper Series, targeting over 80 research outputs. 

With reference to the College by College Indexing Roadmap matrix, the Managing Editor highlighted that the College of Business and Management Sciences will feature the following disciplines: Economics, Finance, Accounting, Marketing, and Management. The Primary Indexing Ecosystem includes: EBSCO Information Services, ProQuest, SSRN, RePEc, and the Prestige Layer including Scopus and the Web of Science.

The Strategic Role of Graduate Training

Presenting the College’s position on graduate training, the Principal-Prof. Edward Bbaale reaffirmed that graduate training is the cornerstone of a research-intensive and innovation-driven university. 

“Graduate training drives research productivity, publication output, grant competitiveness, and internal visibility,” he said. He noted that graduate training strengthens policy engagement, national development impact, and the University’s contribution to knowledge generation.

Prof. Bbaale (Standing) makes his remarks. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Prof. Bbaale (Standing) makes his remarks.

“Through our graduate programmes, the College of Business and Management Sciences contributes significantly to the University research-led agenda. The College hosts market-responsive and policy-relevant graduate programmes, which attract working professionals and practitioners,” he elaborated.

To illustrate that the demand for CoBAMS graduate programmes is very high, Prof. Bbaale shared an infographic message, with the Master of Business Administration attracting over 700 applicants.

Doctoral Training and Research Coordination

The Principal stressed that graduate coordinators are essential for programme management and quality assurance.

Dr. Seperia Bwadene Wanyama contributes. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Dr. Seperia Bwadene Wanyama contributes.

He pointed out that the College had appointed faculty and/or researchers to take on the following roles: Dr. Kasimu Sendawula-Coordinator for the College Doctoral Forum, Dr. Patricia Ndugga-Research and Grants Coordinator, and Dr. Peter Babyenda as the Policy Engagement Coordinator.

He implored the University leadership on the need for institutional recognition and support for graduate coordinators.

Research Productivity and Visibility

Prof. Bbaale reported that the College produced 60 working papers last financial year, and targets to roll out over 80 working papers this financial year.

He highlighted that the College and the Makerere University Press were in the process of developing discipline-based journals, a strategic approach aimed at institutionalizing a strong publication culture.

Recommendations

Building on the strides so far, the Principal advocated for strengthening the graduate infrastructure and ICT, provision of resources and incentives to facilitate graduate teaching, supervision and examinations, institutionalized support for doctoral fora, journals, and research dissemination, and approval to run the Executive Master of Business Administration in a project mode.

Calls to utilize the Makerere University Writing Centre

Prof. Fredrick Jones Muyodi. The Vice Chancellor, Prof. Barnabas Nawangwe calls upon members of faculty and researchers at the College of Business and Management Sciences (CoBAMS) to harness the power of graduate training to change Africa’s research trajectory, 15th June 2026, School of Business Conference Room, Makerere University, Kampala Uganda, East Africa.
Prof. Fredrick Jones Muyodi.

Prof. Fredrick Jones Muyodi, explained that the Makerere University Writing Centre constitutes a multi-disciplinary team, an attribute that positions the entity as a university-wide unit with ability to handle all disciplines within the University.

Prof. Muyodi explained that the Makerere University Writing Centre has various programmes targeting early-career researchers, discipline-specific demands, and researchers in general.

He called upon the staff at the College of Business and Management Sciences to utilize the services offered by the Makerere University Writing Centre such as trainings and mentorship, grant writing sessions, and capacity building in policy brief writing techniques.

Ritah Namisango
Ritah Namisango

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Business & Management

Government Strengthens Public Investment Management Capacity Through Intensive Training at Makerere University

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Participants pose for a group photo at the commencement of training at CoBAMS. Makerere University’s Public Investment Management (PIM) Centre of Excellence commencement of three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation. Supported by the Ministry of Finance, Planning and Economic Development, 2nd June 2026, College of Business and Management Sciences (CoBAMS), Kampala Uganda, East Africa.

Makerere University’s Public Investment Management (PIM) Centre of Excellence has commenced a three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation.

The training, supported by the Ministry of Finance, Planning and Economic Development, brings together participants from Ministries, Departments, Agencies, and Local Governments to enhance skills in designing and managing high-impact public investments that align with Uganda’s national development priorities.

Opening the programme on behalf of the Permanent Secretary, Ms. Gertrude Basiima, Commissioner for Public Investment and Assets Management (PAP) at the Ministry of Finance, reflected on the evolution of Uganda’s Public Investment Management system and the establishment of the PIM Centre of Excellence.

She noted that the Centre is one of the key institutional innovations that emerged from the creation of the Public Investment Management Department in 2016.

Ms. Gertrude Basiima. Makerere University’s Public Investment Management (PIM) Centre of Excellence commencement of three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation. Supported by the Ministry of Finance, Planning and Economic Development, 2nd June 2026, College of Business and Management Sciences (CoBAMS), Kampala Uganda, East Africa.
Ms. Gertrude Basiima.

“I was encouraged to learn that the PIM Centre of Excellence, which we started several years ago, is one of the products that emerged from the establishment of the Public Investment Management Department. We established the Centre to bridge the gap between practitioners and academia,” she said.

Ms. Basiima emphasized that effective public investment management requires a blend of practical experience and academic expertise, noting that many facilitators in the programme are active practitioners who also serve as trainers.

She expressed appreciation for returning to Makerere University, describing it as a place of personal significance and transformation, having once been a student at the institution.

Strengthening project discipline and accountability

Addressing participants, Ms. Basiima underscored the critical role of project preparation committees in ensuring quality public investments.

She urged participants to apply the knowledge gained from the training to improve the quality of projects reviewed within their institutions.

“As members of Project Preparation Committees, your role is central in ensuring that only well-prepared projects progress to Development Committees. I will be disappointed if I later encounter poorly prepared projects from officers who have undergone this training,” she cautioned.

Some of the participants from Ministries, Departments, Agencies, and Local Governments. Makerere University’s Public Investment Management (PIM) Centre of Excellence commencement of three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation. Supported by the Ministry of Finance, Planning and Economic Development, 2nd June 2026, College of Business and Management Sciences (CoBAMS), Kampala Uganda, East Africa.
Some of the participants from Ministries, Departments, Agencies, and Local Governments.

She further emphasized that public investment management lies at the heart of Uganda’s development agenda, distinguishing between recurrent expenditure and development expenditure.

Recurrent expenditure, she explained, covers routine operational costs such as utilities, fuel, and supplies, while public investment focuses on long-term development interventions such as roads, hospitals, energy systems, irrigation schemes, and water infrastructure.

“Without adequate infrastructure and reliable energy, Uganda cannot industrialize or deliver quality services. Public investment is therefore central to our development transformation,” she said.

Emphasis on evolving systems and policy reforms

Ms. Basiima highlighted key reforms in Uganda’s Public Investment Management framework, including the integration of the concept note and project profile into a single streamlined stage, followed by pre-feasibility and feasibility studies.

She also pointed participants to the updated Development Committee Guidelines (2025) and the National Public Investment Management Policy (2025), both accessible through the Integrated Bank of Projects (IBP).

She noted that the IBP now serves as the central platform for project registration, management, and monitoring, and continues to evolve in line with national reform priorities.

A section of participants follows proceedings. Makerere University’s Public Investment Management (PIM) Centre of Excellence commencement of three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation. Supported by the Ministry of Finance, Planning and Economic Development, 2nd June 2026, College of Business and Management Sciences (CoBAMS), Kampala Uganda, East Africa.
A section of participants follows proceedings.

The Commissioner encouraged participants to actively engage in the training, emphasizing its practical and participatory nature.

“This is not a traditional classroom. You will be asked questions, engage in discussions, and work through real-life scenarios. Active participation is essential,” she said.

She further encouraged participants to embrace continuous learning, including the ability to unlearn outdated practices and adopt improved approaches to public investment management.

Makerere’s role in national capacity building

Representing the Principal of the College of Business and Management Sciences and Director of the PIM Centre of Excellence, Prof. Ibrahim Mike Okumu, Dean of the School of Economics, emphasized the centrality of the public sector in driving Uganda’s development agenda.

He noted that public investment management is fundamental to achieving economic growth, productivity, and job creation.

Prof. Ibrahim Mike Okumu. Makerere University’s Public Investment Management (PIM) Centre of Excellence commencement of three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation. Supported by the Ministry of Finance, Planning and Economic Development, 2nd June 2026, College of Business and Management Sciences (CoBAMS), Kampala Uganda, East Africa.
Prof. Ibrahim Mike Okumu.

“The public sector is the enabler of development. Whether in health, education, or local government, every public officer contributes to national transformation through the quality of their decisions and investments,” Prof. Okumu said.

He warned that weak project preparation undermines access to government financing, even for well-conceived ideas, stressing the importance of technical capacity in project design and appraisal.

Prof. Okumu encouraged participants to view the training as the beginning of a broader professional journey in public investment management, adding that successful participants could eventually contribute as trainers and experts within the system.

Building a pipeline of skilled practitioners

In his remarks, Dr. John Sseruyange, Manager of the PIM Centre of Excellence, emphasized the importance of proper project conceptualization, noting that not all development challenges require new standalone projects.

“One of the key lessons is distinguishing between problems that require new projects and those that can be addressed through existing interventions or additional funding mechanisms,” he said.

Dr. John Sseruyange. Makerere University’s Public Investment Management (PIM) Centre of Excellence commencement of three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation. Supported by the Ministry of Finance, Planning and Economic Development, 2nd June 2026, College of Business and Management Sciences (CoBAMS), Kampala Uganda, East Africa.
Dr. John Sseruyange.

He explained that the training forms part of a structured learning pathway that includes project preparation, financial appraisal, risk analysis, and economic appraisal.

Dr. Sseruyange also highlighted the Government’s integrated investment appraisal framework, which requires all projects to undergo rigorous assessment before approval for funding.

He encouraged participants to engage fully in both theoretical and practical sessions, noting that the programme includes group-based “lab sessions” where participants will develop real project concepts.

Toward stronger public investment outcomes

Across all speeches, a common message emerged: strengthening Uganda’s development outcomes depends on improving the quality of public investments through better skills, systems, and institutional coordination.

The PIM Centre of Excellence reaffirmed its commitment to capacity building, research, and policy advisory services aimed at improving the efficiency and effectiveness of public investment management in Uganda.

Participants were urged to translate the knowledge gained into improved performance within their respective institutions, ensuring that public resources are directed toward high-impact, well-prepared, and sustainable development projects. The training is expected to contribute to a growing cadre of skilled public investment professionals who will support Uganda’s long-term development transformation.

Betty Kyakuwa
Betty Kyakuwa

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Business & Management

Driving Sustainable Growth: Eco-Efficiency and Cleaner Production are vital in shaping the future of Micro, Small and Medium Enterprises

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A cross-section of participants pose for a group photo after the project dissemination workshop held at Makerere University. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.

By Ritah Namisango and Christopher Kaahwa

On Wednesday, 15th April 2026, the School of Business under the College of Business and Management Sciences (CoBAMS) at Makerere University hosted a project dissemination workshop that brought together researchers, practitioners, policymakers and faculty members.

The workshop focused on the presentation of findings and policy recommendations from the research project titled: Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda.

Opening the workshop, Associate Professor Godfrey Akileng, the Dean, School of Business represented by Dr. Anthony Tibaingana, the Head, Department of Marketing and Management welcomed participants and highlighted the role of research in connecting Makerere University to the wider community.

He noted that MSMEs form the backbone of Uganda’s economy making up the largest share of businesses across sectors and because of this, any meaningful research must speak directly to their realities.

Dr. Anthony Tibaingana delivers opening remarks at the workshop. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Dr. Anthony Tibaingana delivers opening remarks at the workshop.

The Dean of the School of Business commended the project team namely Dr. Marion Nanyanzi, Dr. Kasim Sendawula, and Associate Professor Peter K. Turyakira, for positively contributing to the university’s goal of being a research-led institution.

He explained that Eco-Efficiency (EE) is about using available resources wisely not just for today, but for tomorrow and generations to come. “In a country where most businesses operate on a small scale, understanding how to produce more with less is essential,” he said.

Dr. Tibaingana acknowledged the government of Uganda through the Makerere University Research and Innovation Fund (MakRIF) for funding the research project titled, Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda. He recognized Professor Fred Masagazi Masaazi, Chairperson of the Mak RIF Grants Management Committee (GMC) and thanked him, for gracing the dissemination workshop with his personal presence.

Achieving sustainable growth through eco-efficiency and cleaner production

The main presentation led by Dr. Marion Nanyanzi, the Principal Investigator (P.I.) unpacked the research project in a detailed and practical way. At its core, the study explored how MSMEs, particularly in the Food and Beverage (F&B) Service sector in Uganda can achieve sustainable growth by balancing three key areas: economic performance, environmental responsibility and social contribution.

From a social perspective, Dr. Nanyanzi stated that businesses were found to be playing an important role in creating jobs, supporting local suppliers, and contributing to community activities. She added that the study was also focused on reducing environmental harmful practices such as reliance on charcoal and firewood and adopting cleaner energy sources that would economically yield increased profits for enterprises.

Dr. Marion Nanyanzi, the Principal Investigator (P.I.) presents the project findings during the workshop. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Dr. Marion Nanyanzi, the Principal Investigator (P.I.) presents the project findings during the workshop.

The study revealed that while these enterprises significantly contribute to employment and government revenue, they face serious constraints pointing out that high operational costs especially electricity remain a major challenge. “ So, many businesses are forced to turn to cheaper alternatives that are harmful to both health and environment creating a difficult balance between survival and sustainability,” she said.

Amidst these challenges, the study highlighted the resilience and creativity of entrepreneurs. It was found out that many business owners have developed coping strategies to remain operational with some of them adjusting production depending on customer flow especially in areas such as Kampala where demand fluctuates with academic calendars. Dr. Nanyanzi noted that other entrepreneurs have found ways to manage resources more carefully for instance through switching on refrigerators at night when electricity tariffs are lower or re-using water to reduce costs.

Makerere University Guest House highlights its cleaner production strategy

Adding a practical perspective to the study, Mr. Patrick Ojiambo Lwande, the manager of Makerere University Guest House shared how cleaner production is being implemented by the facility in its everyday operations. He mentioned that the facility undertakes waste segregation, recycling and proper waste management as key practices. “Organic waste is separated and repurposed, recyclable materials are re-used and hazardous waste is carefully handled to avoid environmental pollution,” he stated.

Mr. Patrick Ojiambo Lwande, Manager of Makerere University Guest House, shares highlights on its cleaner production strategy. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Mr. Patrick Ojiambo Lwande, Manager of Makerere University Guest House, shares highlights on its cleaner production strategy.

Appreciation of eco-efficiency and cleaner production measures

These practices reflect an emerging understanding of eco-efficiency by business owners who are beginning to recognize that reducing waste and conserving resources can directly improve their production line.

The study also found out that many enterprises are making efforts towards cleaner production. Hygiene standards are being improved, waste is better managed and emissions are controlled through simple measures such as chimneys and ventilation system. In some cases, food waste is used as animal feed while other organic materials are re-used in farming. However, the progress to transition towards more sustainable practices is slowed down by various obstacles including limited financial capacity, lack of technical skills and low awareness among business owners.

Key recommendations

To address these gaps, the project team proposed the following practical recommendations:

  • Increasing access to affordable financing by government and financial institutions through introducing subsidies, grants, or low-interest green financing schemes to support investment in cleaner production technologies,
  • Promoting  public-private partnerships to lower the cost of eco-efficient equipment and infrastructure,
  • Undertaking capacity building and training programmes, awareness and sensitization campaigns,
  • Strengthening institutional and regulatory frameworks, research and innovation support,
  • Providing support for small and informal businesses by designing tailored interventions for micro and small enterprises, and
  • Encouraging business clustering and cooperative models to enable shared access to eco-efficient technologies and resources.

MakRIF supports research that addresses national priorities

Professor Fred Masagazi Masaazi, Chairperson of Mak-RIF Grants Management Committee (GMC) emphasized the importance of research that addresses national priorities, noting that government support for research is meant to generate practical solutions.

Professor Fred Masagazi Masaazi, Chairperson of Mak-RIF Grants Management Committee (GMC) addresses participants. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Professor Fred Masagazi Masaazi, Chairperson of Mak-RIF Grants Management Committee (GMC) addresses participants.

Professor Masagazi Masaazi highlighted the critical role of micro, small, and medium enterprises (MSMEs) in Uganda’s economy, describing the research presented as both timely and relevant. “This is exactly the kind of research Uganda needs — research that directly impacts society and supports economic transformation,” he said.

He encouraged researchers to explore collaborations across disciplines. “Bringing together expertise from different fields can lead to stronger and more impact-oriented solutions that respond to the country’s development needs,” he added. He also called for greater engagement with policymakers and industry players during dissemination.

Research and Industry pathways

The Dean, School of Business, Associate Professor Godfrey Akileng urged researchers, faculty and participants at the dissemination workshop to rethink how research translates into real economic value, emphasizing stronger research to industry pathways at Makerere University and beyond.

Associate Professor Godfrey Akileng, the Dean, School of Business. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Associate Professor Godfrey Akileng, the Dean, School of Business.

Promoting environmental compliance

Mr. Peter Ssekajja, Senior Environmental Officer (Cleaner Production), National Environment Management Authority (NEMA) informed participants about the ongoing efforts to promote environmental compliance, referencing the establishment of a Compliance Assistance Unit and the introduction of the National Environment Sustainability Awards as some of the supporting measures.

He stated that these initiatives aim to support businesses in adopting sustainable practices while recognizing those that are leading the way. “Environment is no longer just about enforcement, but also about guidance, innovation and collaboration,” he emphasized.

Mr. Peter Ssekajja, Senior Environmental Officer (Cleaner Production) from NEMA delivers his remarks during the workshop. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Mr. Peter Ssekajja, Senior Environmental Officer (Cleaner Production) from NEMA delivers his remarks during the workshop.

Mr. Ssekajja reflected on the changing nature of environmental challenges as populations grow and resources becoming more strained. He appealed for efficient and responsible use of resources by business owners. He implored the business owners to consider sustainability not as a burden, but as an opportunity.

Participants enlightened on eco-efficiency and cleaner production

Dr. Jude Mugarura, the Head, Department of Marketing and Management, appreciated the dissemination workshop which presented them with an opportunity to listen to both the research project team and two practitioners namely Makerere University Guest House, and the National Management Environment Authority (NEMA). “We are therefore able to bridge the academia and the field of practice,” said Dr. Mugarura.

Dr. Jude Mugarura, the Head, Department of Marketing and Management at CoBAMS. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Dr. Jude Mugarura, the Head, Department of Marketing and Management at CoBAMS.

Dr. Seperia Bwadene Wanyama, from the School of Business, thanked Mr. Peter Ssekajja from NEMA for his presentation on cleaner production and eco-efficiency, which demonstrated to the participants some of the day-to-day wasteful practices with respect to resources, that they were engaged in, without knowing the implications. A key highlight focused on the usage of water in toilets which indicates the button to press after a short call, and the one to press after a long call, which would greatly save water consumption. “Learning is a continuous process. I have learned from the presentations of the findings by the research project team, as well as, Mr. Peter Ssekajja, who provided an informative presentation on real life practices on eco-efficiency and cleaner production.”

Conclusion: Toward a Clean and Resilient Economy

The workshop concluded with a strong call for collective action to support MSMEs in adopting eco-efficient practices. With the right support, small businesses can become engines of sustainable development.  “This study provides practical insights that, if implemented, can transform MSMEs into drivers of sustainable development,” Dr. Sendawula emphasized.

Some of the participants in the project dissemination workshop. Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda Project dissemination workshop by School of Business, College of Business and Management Sciences (CoBAMS), 15th April 2026, Makerere University, Kampala Uganda, East Africa.
Some of the participants in the project dissemination workshop.

Overall, the research outlines a clear pathway toward a greener, more resilient Ugandan economy—where MSMEs thrive while contributing to environmental sustainability and social well-being.

Ritah Namisango
Ritah Namisango

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