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.
Business & Management
Public Lecture on Research Collaboration across borders presents enormous opportunities to researchers, faculty and students
Delivering the public lecture, titled: Research Collaboration across borders, Prof. Ken Kamoche from Nottingham University, urged researchers at Makerere University, to undertake research that will strengthen and empower Africa, including fields that are ignored.
“My research has focused on those pertinent issues and fields that are always ignored. I call upon you to re-consider undertaking research in the fields of knowledge management, innovations, indigenous knowledge, identity, artificial intelligence (AI) and Africa at large,” said Prof. Kamoche.
Acknowledging that he had undertaken tremendous research and publication in human resource management and organizational studies, Prof. Kamoche testified that he took a paradigm shift to focus on the values that underpin the organizational behaviour.
Held at Makerere University Yusuf Lule Central Teaching Facility Auditorium on 3rd March 2026, the public lecture attracted faculty from Makerere University, Kyambogo University, Uganda Christian University, administrators, researchers, and students. Before heading to the public lecture, Prof. Kamoche held a discipline-specific meeting with academic staff at the School of Business under the College of Business and Management Sciences (CoBAMS) at Makerere University.
The Africa Research Group: Fostering Global Scholarly Engagement and Capacity Building
Prof. Kamoche highlighted the establishment of the Africa Research Group to address the gap in engagement between scholars in Africa and their counterparts in Europe, Asia, and North America.
Established in 2012, the Africa Research Group at Nottingham University Business School provides a platform to spur knowledge transfer across disciplines and continents.
“I am here to inspire you to do research. If you are looking for a platform, I invite you to utilize the Africa Research Group. We have been able to give researchers from Africa a voice. We welcome research students at all levels,” Prof. Kamoche said.
He pointed out that the Africa Research Group provides mentorship to postgraduate and early-career researchers, supports doctoral supervision, joint publications, and funding applications. Prof. Kamoche encouraged students and faculty members to participate in future activities and pursue collaborative research opportunities.
What inspires Prof. Kamoche?
Responding to a question from the students who admired his commitment to research, publication, authorship, Prof. Kamoche said: “The desire to make a difference and share knowledge with others, and make an impact.”
Research collaboration
During the public lecture, Dr. Christopher Muganga, Dr. Seperia Wanyama, and Dr. Anthony Tibaingana from the School of Business, and Dr. John Mushomi from the School of Statistics and Planning, emphasized the importance of research and collaboration in the transformation of countries and societies in general. The members of faculty stressed the importance of knowledge sharing and exchange of ideas, authorship and publication, mentorship, joint research undertakings and networking.
Global academic collaboration
Dr. Seperia Wanyama highlighted the significance of the public lecture in creating opportunities for collaboration, knowledge exchange, and the collective advancement of academic and societal understanding.
“The event serves as a platform for fostering diversity in academia, bringing together researchers, students, and administrators to engage in shared learning,” he said.
He applauded Prof. Ken Kamoche for his distinguished contributions global academic collaboration and research. He credited Prof. Kamoche for his willingness to share valuable insights on research collaboration across borders. He urged participants to remain active and engaged throughout the session.
Talent Management and Cross-Continental Collaboration
Prof. Kamoche commended Makerere University for hosting him, reflecting on the golden opportunity to engage with students, faculty, and researchers. He shared insights from his extensive academic journey, research contributions, and initiatives to strengthen collaboration across Africa, Asia, and the West.
Reflecting on talent management and organizational leadership, Prof. Kamoche noted that he has maintained a strong focus on leveraging his international experiences to foster cross-continental academic collaborations and address challenges relevant to both African and global contexts.
Focusing on talent management, Prof. Kamoche shared insights from his extensive research, explaining how organizations often take an “exclusive” approach, concentrating resources on a small group of high-performing individuals seen as the main drivers of value. He also highlighted a different perspective: the “inclusive” approach, which recognizes that every employee has unique skills that can contribute to the organization’s success.
Using recent research in Kenya’s banking sector, published in the South African Journal of Human Resource Management, Prof. Kamoche illustrated how talent management connects closely with innovation, employee engagement, and confidence. His findings indicated that while high performers are essential, sustainable success comes from balancing focus on star performers with developing the wider workforce.
Prof. Kamoche reflected on earlier studies conducted in Hong Kong, which examined the experiences of employees identified as “high potential.” He noted that being labeled talented can be a double-edged sword, creating pressure, high expectations, and sometimes causing employees to rethink their career priorities over time.
Comparative Insights on Asian Management and Strategic African Partnerships
Prof. Kamoche shared insights from his comparative research on Asian management practices, tracing his academic interest in Asia back to his graduate studies at Oxford. There, he examined Japanese management systems at a time when Japan’s economic model was admired worldwide. Through interviews with senior human resource executives in major Japanese corporations, he sought to understand the foundations of their organizational success.
Prof. Kamoche observed that while African countries are familiar with Western business systems, their understanding of Asian management philosophies remains limited. His research highlighted key differences in operational practices, particularly in areas such as time management and efficiency.
“Some Chinese infrastructure projects run continuously, reflecting a highly results-driven approach,” he noted. He acknowledged challenges raised by local employees regarding cultural differences, labor practices, and the need for more equitable engagement.
Prof. Kamoche emphasized that Chinese investment in Africa is far from uniform, encompassing state-owned enterprises, private firms, and long-term individual entrepreneurs. “African countries must strategically leverage these partnerships to maximize both economic and social benefits while protecting local interests,” he argued.
Dr. Anthony Tibaingana commends Prof. Kamoche’s Scholarly Impact
The Acting Dean of the School of Business, Dr. Anthony Tibaingana, lauded Prof. Kamoche for delivering an insightful lecture at Makerere University, describing the presentation as an exceptional exposition of knowledge and scholarship.
Dr. Tibaingana highlighted the significance of Prof. Kamoche’s return to Africa, describing it as a meaningful reconnection with his roots and a contribution to the continent’s intellectual growth.
The Acting Dean commended the depth of the presentation, particularly its insights into human resource management, leadership, and talent development. He emphasized that Africa, with its youthful population, presents both opportunity and responsibility for scholars to generate research-based solutions to the continent’s challenges.
He underscored the need for academia to address pressing issues such as leadership gaps, institutional weaknesses, and talent retention within universities and organizations.
Dr. Tibaingana encouraged faculty and students to continue engaging through research networks and ongoing conversations facilitated by the Africa Research Group at Nottingham University Business School.
He reaffirmed the university’s commitment to teaching, research, and community outreach, noting that such engagements contribute to long-term academic partnerships and future institutional growth.
Moderated by Dr. Christopher Muganga from the School of Business, the public lecture concluded with the presentation of Makerere University Souvenirs to Prof. Kamoche and networking engagements with students.
Monica Meeme contributed to this story as a Guest Writer
Business & Management
Thirty Public Officers Certified in Integrated Regulatory Cost-Benefit Analysis
Thirty public officers from various Ministries, Departments and Agencies (MDAs) have successfully completed a two-week intensive training in Integrated Regulatory Cost-Benefit Analysis (IRCBA), culminating in the award of certificates at a closing ceremony held on 27th February 2026 at the Pearl on the Nile Hotel in Jinja.
The training was jointly organized by the Public Investment Management Centre of Excellence at Makerere University and the Ministry of Finance, Planning and Economic Development (MoFPED), in collaboration with the Infrastructure and Social Services Department (ISSD) and the National Planning Authority (NPA). It focused on operationalizing the Revised Guidelines for the Issuance of Certificates of Financial Implication (CFIs), which came into effect on 1st July 2025.
A Strategic Reform for Fiscal Credibility
In closing remarks delivered on by Commissioner Paul Patrick Mwanja behalf of the Permanent Secretary/Secretary to the Treasury, participants were commended for undertaking the training during a demanding budget cycle, when many MDAs are simultaneously preparing the FY 2026/27 Budget, executing the FY 2025/26 Budget, and implementing the National Development Plan IV and the Tenfold Growth Strategy.
The PS/ST emphasized that the revised Guidelines mark a significant shift toward a more transparent, data-driven, consultative, and analytically rigorous approach to evaluating policy and legislative proposals. Participants were equipped to assess fiscal implications, evaluate economic and socio-economic impacts, analyze distributional effects, and address uncertainty using structured analytical tools.
They were reminded that training alone is not sufficient, the real test lies in consistent application. As members of the third cohort, they were challenged to serve as reform ambassadors, championing evidence-based policymaking and strengthening analytical standards across government.
Bridging Academia and Public Service
Delivering the official closing remarks, the Director of the PIM Centre of Excellence, Prof. Edward Bbaale, commended participants for their active engagement and unwavering commitment throughout the training.
He described the programme as both timely and strategic, designed to equip officers with practical tools to prepare robust Statements of Financial Implication (SFIs) that support credible issuance of CFIs. He noted that strong financial analysis enhances fiscal discipline, policy coherence, and the overall quality of legislation and public policy in Uganda.
Prof. Bbaale underscored the longstanding partnership between Makerere University and the Ministry of Finance, highlighting how it continues to bridge academia and public service by combining analytical rigor with practical policy experience. He emphasized that the collaborative model — bringing together faculty from the College of Business and Management Sciences and practitioners from Government, reflects the core vision of the PIM Centre of Excellence: strengthening national systems through evidence-based policymaking.
During the two weeks, participants gained hands-on experience in applying cost-benefit analysis across four critical dimensions: budgetary analysis, socio-economic analysis, distributive impacts, and risk assessment. Prof. Bbaale encouraged them to return to their institutions as agents of transformation, improving evaluation frameworks, strengthening regulatory decisions, and ensuring that public interventions deliver value for money and long-term development impact.
He also reaffirmed the Centre’s broader mandate beyond training, noting its recent support to the revision of Development Committee Guidelines, assessment of public investment performance since NDP I, and hosting of the Second Public Investment Management Conference in August 2025.”
Building from “Zero Kilometre”
Earlier, the Manager of the PIM Centre of Excellence highlighted the practical approach adopted during the training. Participants began with blank Excel sheets and built analytical models from scratch, likened to the engineering concept of starting at “zero kilometre,” where construction begins from the very starting point and progresses step by step.
The interactive sessions enabled participants from diverse disciplines, including policy analysts, planners and statisticians, to interrogate assumptions, refine costing approaches, and debate implementation and enforcement frameworks. Their sector-specific insights enriched the learning process and strengthened the analytical models developed.
The Manager noted that excellence is not about knowing everything, but about bringing together the right expertise. Facilitators from MoFPED, NPA, the Office of the President, and Makerere University ensured that theory remained grounded in practical government realities.
Participants Applaud Practical and Engaging Sessions
Speaking on behalf of the cohort, a participant described the training as highly engaging and transformative. The combination of theory and practical application, coupled with patient facilitation, allowed officers from varied professional backgrounds to learn from one another.
The participant highlighted the final day’s discussions as the most impactful, expressing confidence that the knowledge gained would enhance policy analysis and improve the quality of programmes and projects across MDAs.
Certificates Awarded
The ceremony concluded with the award of certificates to all 30 participants in recognition of their successful completion of the IRCBA training. The certification marks another milestone in Government’s effort to build a critical mass of experts capable of institutionalizing rigorous financial and economic analysis in public policy processes.
As the workshop was formally declared closed, participants were encouraged to apply their newly acquired skills consistently, mentor colleagues, and contribute to strengthening fiscal governance across Government.
The PIM Centre of Excellence reaffirmed its commitment to continuous research, policy advisory support, and capacity building as Uganda advances toward more credible, transparent, and sustainable public decision-making.
Business & Management
Botswana Delegation Visits Makerere’s Public Investment Management Centre to Study Sustainable Training Model
-
General2 days agoCall for Applications: Diploma Holders under Government Sponsorship 2026/2027
-
General2 days agoAdvert: Admissions for Diploma/Degree Holders under Private Sponsorship 2026/27
-
Humanities & Social Sciences2 weeks agoMeet Najjuka Whitney, The Girl Who Missed Law and Found Her Voice
-
General2 weeks ago76th Graduation Highlights
-
Agriculture & Environment1 week agoCAES Presents Overall Best Performing Student in the Sciences & a Record 28 PhDs at the 76th Graduation Ceremony