Business & Management
Bank of Uganda holds career talk with students: Commits to Annual Monetary policy engagements
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.
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.
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.
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. 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.
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.
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.
The Public Investment Management Centre of Excellence (PIM CoE), Makerere University, has today, November 17, 2025, officially opened a two-week specialized training in Financial Appraisal and Risk Analysis for officials from the Kampala Capital City Authority (KCCA). The training, fully funded by KCCA, is taking place in Jinja and aims to strengthen the institution’s internal capacity to prepare, analyse, and manage high-quality public investment projects.
The workshop was opened by Prof. Edward Bbaale, Director of the PIM Centre of Excellence and Principal of the College of Business and Management Sciences, who commended KCCA for prioritising continuous professional development in public investment management.
Strengthening Capacity for Better Public Investments
In his opening remarks, Prof. Bbaale expressed deep appreciation to the Ministry of Finance, Planning and Economic Development (MoFPED) for its generous financial support to the PIM Centre of Excellence. He further acknowledged the Ministry’s strategic partnership with Makerere University, which has enabled the Centre to grow into a credible national hub for training, research, and policy dialogue in Public Investment Management.
“This particular cohort is unique and significant,” Prof. Bbaale said. “For the second time, KCCA has fully sponsored its officials to undertake this training, demonstrating strong dedication to improving the quality, efficiency, and overall effectiveness of public investments in the city.”
He thanked Makerere University management, faculty members from Makerere, MoFPED, and the National Planning Authority for their continued dedication to knowledge sharing and national capacity development.
From Theory to Hands-On Project Appraisal
Earlier, Dr. John Sseruyange, Manager of the PIM Centre of Excellence, welcomed participants and outlined the structure and importance of the training programme. He emphasized that governments worldwide increasingly require rigorous financial, economic, and risk appraisal of projects before implementation; a standard that Uganda is actively embracing.
Dr. Sseruyange noted that the training is designed to build practical skills in:
- Preparation of project concepts and profiles
- Financial appraisal and modelling
- Economic appraisal and stakeholder analysis
- Integration of climate change, environmental, and social considerations
- Risk analysis using modern tools and techniques
“Our approach blends theory with hands-on practical sessions,” he said. “By the time you complete this course, you will have acquired skills that you can apply to multiple projects beyond the one you analyse here. The goal is to ensure that you become competent project appraisal professionals capable of supporting your institution and the wider public sector.”
He also highlighted upcoming government requirements starting July 2025, which will extend appraisal to policies, bills, and programmes; skills that participants can also support once trained.
Toward a Stronger Public Investment System
Prof. Bbaale encouraged participants to fully engage in the sessions and take advantage of the opportunity to strengthen their technical competencies. He also invited them to return for the Economic Appraisal module in the near future, after which they will earn a dual certificate issued jointly by Makerere University and MoFPED.
Beyond training, he highlighted the Centre’s recent achievements, including:
- Revision of the Development Committee Guidelines
- Assessment of project performance since NDPI
- Hosting the inaugural Public Investment Management Conferences in 2024 and 2025
“These efforts demonstrate our commitment to contributing to Uganda’s public investment reform agenda,” he said. “We look forward to partnering with you in research, outreach, and capacity-building initiatives.”
Looking Ahead
The two-week KCCA training marks another milestone in the Centre’s mission to enhance Uganda’s public investment ecosystem. Over the coming days, participants will engage with real-world projects from sectors such as health, roads, education, electricity, water, and energy; equipping them with practical skills essential for driving development in the city and the country. The opening ceremony concluded with a call for collaboration, professionalism, and a shared commitment to improving public investment outcomes for national development.
Business & Management
Uganda National Academy of Science inducts Professor Edward Bbaale as Distinguished Fellow
On Friday 31st October 2025, Professor Edward Bbaale, the Principal of the College of Business and Management Sciences, at Makerere University, was inducted into the prestigious fellowship of the Uganda National Academy of Sciences (UNAS).
With this induction into UNAS, Professor Bbaale adds to his numerous national and international awards, the title- Fellow of the Uganda National Academy of Sciences (FUNAS).
Professor Bbaale’s induction as a distinguished Fellow of the Uganda National Academy of Sciences reflects his outstanding scholarly achievements and leadership in advancing research, policy, mentorship and academic development.
The 2025 Induction Ceremony of Fellows symbolizes UNAS’ continued commitment to recognizing and harnessing local intellectual excellence in driving the nation’s path toward self-reliance and sustainable growth.
The induction ceremony provided a platform to celebrate academic excellence, scientific innovation, and national contribution as 27 distinguished scholars were formally received into the prestigious fellowship of the Academy — 9 female and 18 male inductees representing four key disciplines namely: Medical Sciences, Social Sciences, Agricultural Sciences, and Physical Sciences.
Some of the scholars and researchers from Makerere University who were inducted as Fellows include: Professor Edward Bbaale, Professor Helen Nambalirwa Nkabala, Professor Rev. Sr. Dominica Dipio, Associate Professor Egeru Anthony, Professor Nazarius Mbona Tumwesigye, Associate Professor Arthur Tugume, Associate Professor Jackie Bonabana and Associate Professor Frank Mugagga.
According to the UNAS Vice President, Dr. Mary Goretti Nakabugo, the process leading to the fellowship is strictly merit-based, stressing that individuals do not apply for fellowship themselves, specifying that they are nominated in recognition of their exceptional contributions to science and society. She disclosed that when the call is publicized, existing members/fellows propose qualified candidates who meet the set criteria. Highlighting UNAS’s commitment to quality assurance, she revealed that the vetting process is meticulous and time-intensive. “When the vetting is completed, a report is submitted to another committee for further scrutiny before final approval by the UNAS Council,” she explained.
Nomination of Professor Edward Bbaale as Fellow of UNAS:
For induction into the UNAS fellowship, Professor Edward Bbaale was nominated by Dr. Ibrahim Mike Okumu, an Associate Professor and Dean at the School of Economics at Makerere University. The nomination was seconded by Professor Ronald Bisaso, the Deputy Principal of the College of Education and External Studies at Makerere University. Their endorsement highlighted Professor Bbaale’s distinguished academic record, strategic leadership, and impactful contribution to research and economic policy, which have significantly shaped higher education and national development discourse.
Presentation of Professor Edward Bbaale for Induction:
Professor Ronald Bisaso said: “I have the honour to present to you-Professor Edward Bbaale for Induction.”
Edward Bbaale is a Professor of Economics, with research focusing on development microeconomics, holding a PhD in Economics from Johannes Kepler University of Linz, Austria, and both a Master’s and Bachelor’s in Economics from Makerere University. Professor Bbaale, the Principal of CoBAMS, has previously served as Director of Research and Graduate Training, Dean of the School of Economics at Makerere University, and currently leads the Environment for Development Center, the Public Investment Management Center of Excellence, and coordinates the Inclusive Green Economy Program. He also serves as Council Member and Chair of the Humanities and Social Sciences Committee of the Uganda National Council for Science and Technology (UNCST), and as Council Member of Makerere University Business School (MUBS).
“His research focuses on development microeconomics, with over 50 publications in peer-reviewed journals. He has undertaken numerous research projects in collaboration with government and international agencies and has made significant contributions to resource mobilization through competitive grant writing, research support, training, and policy engagement initiatives that advance science and development in Uganda and beyond.
Professor Bbaale commits to advancing research, innovation, scholarship and mentorship:
Following his induction, Professor Edward Bbaale expressed profound gratitude for the honor of being admitted as a UNAS Fellow. He described the recognition as both humbling and deeply inspiring, thanking his nominator, seconder, and the entire UNAS leadership for the confidence and trust they had bestowed upon him. Professor Bbaale noted that being named a Fellow was not merely a personal achievement, but a reaffirmation of his lifelong commitment to advancing the frontiers of knowledge through research, innovation, and mentorship.
Professor Bbaale reflected on the significance of the honor as a renewed responsibility to contribute even more meaningfully to Uganda’s scientific and socio-economic transformation. He emphasized that the role of scientists extends beyond academia, underscoring the need to apply research and evidence-based insights to address real societal challenges and inform national policy.
Professor Bbaale pledged to continue fostering a culture of inquiry, collaboration, and excellence among emerging scholars, particularly those in the fields of economics, development, and public policy. He thus dedicated his induction to the next generation of scientists, affirming his commitment to guide and empower them to use science and knowledge as powerful tools for national progress and sustainable development.
“I am greatly humbled for this honor. To me, this confidence and trust is a unique call to contribute more in science and research, and also to nurture and build up the next generation of scientists,” stated Professor Bbaale.
UNAS Fellows tasked to be agents of national and community development:
The President of the Uganda National Academy of Sciences (UNAS), Professor Grace Bantebya Kyomuhendo, congratulated the newly inducted Fellows and officially welcomed them to the Academy, urging them to remain active and committed to advancing science and service to society. She commended the new Fellows for their remarkable achievement, noting that induction into UNAS is both an honor and a responsibility.
“Having accepted and signed our book of records, I officially congratulate and welcome you as new Fellows of the Uganda National Academy of Sciences . May you always remember this occasion and strive to live up to the aims and ideals of this Academy in all your professional and personal endeavors,” said Prof. Bantebya Kyomuhendo.
Professor Bantebya Kyomuhendo reminded the new fellows that the honor of induction carries the enduring responsibility to use their knowledge and influence to serve the country and uplift their communities, “After being inducted as members of UNAS, please remain in touch and active. As UNAS, we want to use science to serve our country and our communities. We must give back to society,” she urged.
UNAS President highlights the importance of trust, core responsibilities and obligations:
Reflecting on the UNAS Annual Scientific conference theme, “Renewal from Our Roots: Uganda’s Path to Self-Reliance and Self-Sufficiency,” Professor Bantebya Kyomuhendo encouraged participants to draw strength from Uganda’s cultural and intellectual heritage, noting that the nation already possesses within itself the foundation for growth through its culture, heritage, and shared history, which she said form the roots from which self-reliance and self-sufficiency can be nurtured.
She underscored the importance of trust as a cornerstone for development and progress. “The concept of trust has come up a lot — trust at individual, family, community, and national levels. As we move forward, we must build and strengthen trust, for it is through trust that we can harness the potential within us and the resources around us,” she said.
Professor Bantebya Kyomuhendo outlined to the newly inducted fellows the core responsibilities and obligations that come with being a Fellow of the Academy. She highlighted that fellowship is both an honor and a responsibility, requiring dedication to scientific excellence, ethical leadership, and service to the nation. She emphasized that Fellows must uphold the UNAS Constitution, contribute to the Academy’s mission, vision and objectives. She urged them to remain active in their fields, participate in Academy activities, maintain high standards of conduct, and foster positive relationships within the scientific community and the public.
UNAS Vice President elaborates the quality assurance measures for selection of Fellows:
Speaking about the induction process, Dr. Mary Goretti Nakabugo, the UNAS Vice President articulated the thorough and transparent procedure followed in identifying and approving new Fellows. She explained that the Fellows and Membership Committee, guided by the UNAS Constitution, works closely with the Secretariat to open a window for nominations, during which existing members propose qualified candidates who meet the set criteria. She noted that each nomination is supported by a nominator and a seconder and accompanied by detailed documentation demonstrating the nominee’s qualifications and contributions.
“When we advertise, members of UNAS nominate those who are eligible to become inductees. We have a nomination form that outlines all the criteria and requirements for one to be considered. This form is filled by the nominee, with the assistance of the nominator, and it is usually supported by a seconder. Once the documentation is complete, it is submitted to us,” the Vice President explained.
She extended her appreciation to the Secretariat and organizing team for their dedication in ensuring the success of the UNAS Annual Scientific conference and induction ceremony. She lauded the excellent panels, engaging discussions, and the spirit of collaboration that characterized the event, emphasizing that it was through collective effort that the meeting had been successful.
Business & Management
Brewing Innovation: 9th Annual Youth Expo showcases enterprises in Uganda’s coffee value chain
By Ritah Namisango and Monica Meeme
On 17th October 2025, the Makerere University Freedom Square was a beehive of activity as over 600 students from the College of Business and Management Sciences (CoBAMS) participated in the 9th Annual Innovation and Youth Expo.
Organized by the Makerere University Entrepreneurship and Outreach Centre, the 2025 Innovation and Youth Expo, focused on Uganda’s most strategic Agricultural sector – COFFEE.
Under the theme, Brewing Prosperity: Youth Entrepreneurship in Uganda’s Coffee Value Chain, student entrepreneurs exhibited more than 300 innovations including youth coffee brands, brewing demonstrations, agri-tech prototypes, live cupping sessions, among others.
The Youth Expo focused on amplifying youth-led innovations across the entire coffee value chain—from farm to cup, providing a hands-on, interactive platform for young entrepreneurs to exhibit their products, prototypes, and business ideas, while engaging directly with industry stakeholders.
By placing the youth at the center of the value chain, the Youth Expo demonstrated the untapped potential of innovation, creativity, and enterprise among Uganda’s next generation of entrepreneurs.
Student innovations for real-world impact:
The Director of the Makerere University Entrepreneurship and Outreach Centre, Dr. Sarah Bimbona, urged students to view their innovations not just as academic projects, but as the starting point for real-world impact.
“These innovations should not just end here or be seen as projects for marks. Continue nurturing those dreams, take them further, and make them a reality,” she advised.
She recognized the critical role of faculty and mentors, specifically appreciating them for their tireless support in guiding students through their innovation undertakings.
Dr. Bimbona emphasized the importance of linking academic learning with practical enterprise, highlighting that student-led innovations have the potential to create meaningful economic and social change.
Students encouraged to embrace entrepreneurship:
The Dean, School of Business, Associate Professor Godfrey Akileng specified that entrepreneurship is one of the flagship initiatives of the College of Business and Management Sciences. He encouraged the students to seize the moment. “This is your opportunity to showcase your innovations, to interact with industry players, and to change your mindset from job-seekers to job creation,” he said. “Let the entrepreneurship Expo awaken a new spirit in you-one that says-yes, I can make it.”
Associate Professor Akileng cited the story of Bill Gates as an example of what determination and innovation can achieve, reminding the students that greatness often starts from simple beginnings. “There is no reason we cannot build something extraordinary from coffee and other local products,” he stated, emphasizing the value of entrepreneurship in national transformation.
The Dean, School of Business, expressed deep appreciation to the industry partners for their collaboration and generosity. “You have invested time, knowledge and financial support to be here. Thank you for supporting the Entrepreneurship Congress and Expo,” he remarked.
BRAC Uganda participates in the Expo:
The Communications Officer of BRAC Uganda, Ms. Barbra Ampaire, stressed that BRAC aims to equip youth with the tools and knowledge to discover and maximize their potential.
“We have supported thousands of youth through tailored programs in areas such as tailoring, livestock farming, agribusiness, financial literacy, and value addition. These initiatives are supported not just with training, but also with seed capital, equipment, and ongoing mentorship,” she said.
Ms. Ampaire noted that Makerere University, being a hub for students and young innovators, aligns perfectly with BRAC’s focus on empowering youth while they are still developing their ideas and ambitions.
A case for domestic consumption and local processing:
One of the participants from the BRAC Scholar Transition Fund, Mr. Godwin Birungi, emphasized the need for domestic consumption and local processing, highlighting that exporting raw coffee reduces employment opportunities and stunts economic growth.
“When we consume and process our coffee locally, we not only improve public health, but also create jobs and stimulate our economy.”
He encouraged young entrepreneurs to embrace patience, maintain consistency in their efforts, and stay focused on their goals, emphasizing that building a successful and sustainable business is a gradual process that requires dedication and resilience.
“Building a sustainable business takes time. Many successful entrepreneurs spent over a decade before making a profit. Find your passion, refine your strategy, and stay the course.” he said.
Student entrepreneurs speak out:
The Marketing Manager of Victory Cakes students’ enterprise, Ms. Keziah Nasenga, explained that the team offers two main product variations including coffee cupcakes with icing and those without, catering to different customer preferences.
She noted that the cupcakes are crafted using brewed coffee mixed with hot water, then blended with traditional baking ingredients such as flour, vanilla, and other flavor-enhancing components.
A student from the Ring Hair Stimulator group, Ms. Martha Alwe, said their product is a premium hair care solution designed to promote healthy hair growth, prevent breakage and hair loss in women, and enhance beard growth in men through a specialized beard oil.
“The full product line includes beard growth oil, hair shock treatment, hair spray, leave-in conditioner, and hair growth shampoo each carefully developed to address a wide range of hair care needs with quality and effectiveness,” she said.
The Marketing Manager of the team of Coffee Cupcake, Ms. Catherine Nasaazi, explained that the shampoo is enriched with sodium benzoate, tea tree oil, and other ingredients.
Precursor to the Youth Expo:
The 3rd Uganda Entrepreneurship Congress held on 16th October 2025 at Makerere University Yusuf Lule Central Teaching Facility Auditorium, provided a perfect transition into the 9th Annual Makerere University Youth Expo held on 17th October 2025 at the Freedom Square.
During the Uganda Entrepreneurship Congress, students listened to lived experiences and case presentations from young, mid-level and senior entrepreneurs. The panelists who discussed topics on Market Readiness, Value Addition and Story Telling, as well as, Financing the Future, enlightened the students and upcoming entrepreneurs to creating impact, access to markets and capital, and breaking the barriers in a competitive world.
The students gained valuable knowledge from the Chief Guest-Mr. Odrek Rwabwogo, Chair of the Presidential Advisory Committee on Exports and Industrial Development, and the Keynote Speaker- Mr. Moses Nyabila, CEO of aBi Development Ltd.
Mr. Rwabwogo challenged the young entrepreneurs to think beyond Uganda’s borders, when he highlighted that true entrepreneurship lies in producing goods that can compete on the international market.
“When you build a business that can sell in another person’s market, you are a hero or heroine because what you have done is disrupting the status quo, which praises imports over exports. In this country, for instance in Kikuubo business area, you hear statements such as my container is about to reach Uganda, and not my container is leaving the yard in Uganda and is taking avocado to Spain or another country. I want the language to change.”
Partners of the Uganda Entrepreneurship Congress and Youth Expo: Makerere University (Mak), Ministry of Agriculture, Animal Industry and Fisheries (MAAIF), National Coffee Research Initiative (NaCORI), BRAC Uganda, Tooke, Mastercard Foundation Scholars Program at Makerere University, Vision Group, Mountain Harvest, Pepsi, Rainforest Alliance, Sumz, and the Banana Industrial Research & Development Centre.
Writers: Ritah Namisango, Principal Communication Officer at Makerere University & Monica Meeme, a student of Bachelor of Journalism and Communication at Makerere University.
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