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
Makerere University launches two taught PhD Programmes in Management, Accounting and Finance
“New doctoral students urged to pursue research that delivers solutions to Uganda’s socio-economic challenges.”
Makerere University has launched two new taught Doctor of Philosophy (PhD) programmes namely: The PhD in Management (by coursework) and the PhD in Accounting and Finance (by coursework).
The programmes, launched on 4th August 2026, under the School of Business at the College of Business and Management Sciences (CoBAMS), are among the first taught PhD programmes in the two disciplines in Uganda.
The launch was presided over by Makerere University Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, during a three-day orientation programme for the inaugural PhD students running from 4th to 6th August 2026.
Prof. Ssali challenged the new scholars to pursue evidence-based research addressing pressing challenges facing Uganda and the wider world.
“Choosing to pursue a PhD is not an ordinary decision. It is a commitment to becoming part of an institution with a rich history of research, innovation and knowledge creation,” Prof. Ssali said.
She told the students that the purpose of doctoral training should go beyond acquiring academic qualifications, urging them to focus on solving real-world problems.
“A PhD should prepare you to solve problems. You should ask yourselves: ‘What problem am I trying to solve?’ Research should not simply produce another thesis that sits on a shelf in the library. It should generate knowledge, products, services, policies and innovations that improve people’s lives,” she said.
Prof. Ssali explained that research outputs should not only be physical products, but could also include frameworks, management systems, policies and models that transform society.
“For those in the service disciplines, your product could be a framework, a model, a policy, a management system or a new way of delivering services that changes how society functions. That is why we do research,” she said.
She urged the scholars to remain committed throughout their doctoral journey, noting that persistence and discipline are critical to completing a PhD.
“A PhD requires commitment. It requires discipline. It requires sacrifice. Success in a PhD is determined by persistence,” Prof. Ssali said.
She encouraged students to embrace critical thinking and challenge existing ideas through evidence-based inquiry.
Prof. Ssali implored the scholars to focus their research on areas that can contribute to economic transformation, including agriculture, manufacturing, taxation, supply chains, governance, finance, climate change and technology.
“Uganda faces many challenges, but every challenge is also an opportunity for research. Research should not stop at identifying problems. It should propose practical, implementable solutions,” she said.
Makerere positions graduate training at centre of research agenda
The Principal of CoBAMS, Prof. Edward Bbaale, described the launch of the programmes as a major milestone in Makerere University’s agenda to strengthen its position as a research-intensive institution.
Prof. Bbaale said the PhD programmes represent a strategic investment in developing researchers, innovators and academic leaders.
“Today’s occasion is very significant because it marks the launch of the taught Doctor of Philosophy in Management and the Doctor of Philosophy in Accounting and Finance programmes,” he said.
“These are among the first taught PhD programmes in these disciplines in Uganda, and we are very proud of this achievement.”
He commended the School of Business leadership and faculty for developing the programmes, acknowledging that establishing doctoral programmes requires commitment, teamwork and dedication to academic excellence.
He observed that the programmes align with Makerere’s strategic goal of becoming a research-led university.
“Graduate training must be at the centre of that transformation. Events like this one—the admission and orientation of PhD students—are exactly the kinds of activities that define a research-intensive university,” he said.
Prof. Bbaale encouraged the first cohort students to publish their research in reputable journals and complete their studies within the required period.
“Complete your coursework successfully. Progress through your research diligently. Graduate within the required period. Publish your work in reputable, high-impact journals. Your success will create a strong foundation upon which future cohorts will build,” Prof. Bbaale said.
He guided that doctoral research should provide evidence to guide national decision-making.
“There is a great demand for evidence-based policy advice in Uganda. Government needs researchers who can provide evidence, not simply opinions,” he said. “Your research should generate evidence upon which decisions can be made.”
School of Business welcomes pioneer cohort
The Dean of the School of Business, Associate Professor Godfrey Akileng, welcomed the students and described the programmes as part of the school’s continued growth in graduate training.
“We are delighted to welcome you as you begin this journey with us. We hope that you will stay with us throughout the next three years of your PhD studies,” Assoc. Prof. Akileng said.
He asserted that the doctoral journey would be demanding, but assured students of support from the faculty.
“The programme is demanding, and the research component will be very intensive. Our hope is that we shall walk this journey together and, three years from now, celebrate your graduation as one cohort,” he said.
He highlighted that a PhD is about knowledge creation rather than simply earning a title.
“A PhD is not about being called ‘Doctor.’ It is about becoming a contributor to knowledge. It is about transforming yourself. It is about solving problems. It is about making an impact,” Assoc. Prof. Akileng said.
Assoc. Prof. Akileng advised students to build strong relationships with supervisors while taking responsibility for their own research.
Building research networks
Dr Caroline Twongirwe, Assistant Lecturer in the Department of Accounting and Finance at CoBAMS, urged the new scholars to begin developing research networks early in their PhD journey.
She cautioned students against focusing only on coursework while postponing research preparation.
“If we spend a whole year focusing only on coursework and then begin thinking about research later, the target of completing within three years may not be achievable,” Dr Twongirwe said.
She said collaboration is essential for producing quality research and accessing international opportunities.
“For us to produce quality research, generate new ideas and contribute to knowledge, we need collaboration,” she said.
Dr Twongirwe explained that research networks can provide mentorship, expertise, funding opportunities and greater visibility for scholars.
“Your networking must be intentional. Identify people with whom you share common interests and who can help you move forward in your research journey,” she said.
She encouraged students to attend seminars, conferences and engage with researchers in their areas of interest.
“Research networks introduce you to mentorship and guidance, access to expertise, collaboration opportunities, funding opportunities and greater visibility for your research,” she said.
Academic regulations and research tracking
Dr Alfred Tingo from Makerere University’s Directorate of Graduate Training urged the new PhD students to understand university regulations, complete registration requirements and remain engaged throughout their studies. He called upon the students to maintain communication with their supervisors and university structures.
Dr Tingo highlighted the importance of the university’s Research Information Management System (RIMS) in monitoring students’ progress.
“RIMS helps us track your research progress. Your research topic, proposal development, approvals and supervisor interactions are captured in the system,” he said.
The new PhD programmes are expected to strengthen Makerere University’s contribution to research, innovation and policy development by producing scholars capable of generating knowledge for Uganda, Africa and the global community.
Business & Management
CoBAMS 2026 Orientation kicks off: Mak DVC Academic Affairs underscores excellence, networks, integrity and values
By Ritah Namisango and Monica Meeme
Makerere University College of Business and Management Sciences (CoBAMS) kicked off its four-day orientation programme (4th to 7th August 2026) aimed at equipping first-year students with the knowledge required to smoothly transition into university life.
The programme focuses on familiarizing students with the College’s teaching and learning environment, the academic calendar, university policies and procedures, library and ICT services, scholarship opportunities, leadership platforms and student support services.
Organized by the Office of the Principal, in collaboration with the College Registrar, College Communication Office, and the Student leaders, the first day of the CoBAMS Orientation was a great convening with over 800 students who filled Makerere University Central Teaching Facility to the brim.
Day one (4th August 2026) presented a golden opportunity to the first year students to interact with Prof. Sarah Ssali, the Deputy Vice Chancellor (Academic Affairs) at Makerere University. Introduced to the audience by Prof. Edward Bbaale-College Principal, the Deputy Vice Chancellor (Academic Affairs) delivered a powerful speech filled with words of wisdom, inspiration, and guidance to the students.
The students listened to presentations from the following university officials: Prof. Edward Bbaale-College Principal, Associate Professor James Wokadala-Deputy Principal, Ms Stella Butamanya-Acting College Registrar, Ms Sylvia Martha Munafu-College Librarian, Ms Catherine Tumusiime-IT Specialist, Ms. Evelyn Kharono-Counselling Psychologist at the Counselling and Guidance Centre, Mr. Peter Mubiru-College Bursar, Mr. Blaise Turyasingura from the Makerere University Revenue Office, Ms. Ritah Namisango-Communication Office, Ms Claire Nakaseeta, and Ms Moreen Orikiriza.
Blended with the peer to peer engagement from the student leaders, the first day of the CoBAMS Orientation featured presentations on Guidance and Counselling, Life at Campus, Understanding the academic calendar, Makerere University Tuition Policy, Meeting financial obligations within the stipulated deadlines, Information Technology (IT) Services, and Library Resources.
CoBAMS Reaffirms Commitment to Student Success
Welcoming the first-year students, the Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale, highlighted the College’s commitment to providing students with a supportive and enriching learning environment through its three schools namely the School of Economics, the School of Business, and the School of Statistics and Planning.
“The College’s support extends beyond academics to include mentorship, counselling, and other student support services aimed at promoting holistic growth and success,” he emphasized.
The Principal encouraged the new students to take full advantage of these opportunities as they transition into university life. He affirmed the College’s commitment to equipping students with the knowledge, skills, and support necessary for academic achievement, personal development, and future professional success.
Students urged to pursue Excellence and Integrity
The Deputy Vice Chancellor (Academic Affairs), Prof. Sarah Ssali congratulated the first-year students upon joining Makerere University, and encouraged them to embrace the transformative journey of university education.
Prof. Ssali emphasized that students are the University’s most important stakeholders, noting that every academic programme, service, and institutional activity is designed to support their success.
“Recognize your value within the University community and actively participate in orientation activities and academic programmes, develop into independent thinkers, innovators, and future leaders capable of addressing national and global challenges,” she stated.
Highlighting the significance of business and management education, Prof. Ssali noted that the disciplines equip learners with the knowledge and skills to understand economic systems, create value, lead organizations, and contribute to sustainable development.
The Deputy Vice Chancellor (Academic Affairs) reminded students that university life demands responsibility, discipline, and personal accountability. She urged them to prioritize attending lectures, utilizing library resources, participating in discussions, and making productive use of the opportunities available at the University.
Prof. Ssali called upon the students to appreciate the sacrifices made by parents, guardians, taxpayers, and sponsors who have invested in their education by using their time and resources wisely. She advised students to uphold integrity, avoid academic misconduct, and strive to build a positive legacy throughout their time at Makerere University.
She emphasized the importance of making informed personal decisions, maintaining strong professional values, and cultivating networks that would support both their academic and career aspirations. She reaffirmed her commitment to supporting students throughout their academic journey and challenged them to pursue excellence, leadership, and innovation.
University life, Academic Excellence and Discipline
The CoBAMS Deputy Principal, Associate Professor James Wokadala, encouraged the students to embrace university life as an opportunity for academic excellence, personal growth, leadership development, and professional preparation.
He emphasized that university education extends beyond obtaining a degree, urging students to remain committed to learning, make productive use of their time, and actively participate in academic and co-curricular activities.
To attain academic excellence, the Deputy Principal advised students to complete their online course registration promptly, familiarize themselves with the university environment and attend lectures regularly. “Maintaining academic integrity by upholding high standards of discipline, professionalism, and respect for university staff and property,” he stressed.
He reaffirmed the College’s commitment to supporting students throughout their academic journey, assuring them that the doors of the College administration remain open for guidance and assistance.
Prioritizing Mental Health
Commencing the presentation on “Guidance and Counselling: Life at Campus,” Ms. Evelyn Kharono, highlighted the major adjustments that first-year students face, including managing their own time, finances, academic workload, and social life.
“Develop discipline, plan your schedules carefully, and take responsibility for your academic progress, noting that university life requires greater independence than secondary school,” she advised.
Underscoring the importance of mental health, Ms. Kharono encouraged students to maintain a healthy lifestyle by eating balanced meals, exercising regularly, and managing the use of smartphones and social media to avoid distractions that could affect their academic performance.
Guidelines on Tuition Payment Procedures
Presenting the “Makerere University Tuition Policy,” the College Bursar, Mr. Peter Mubiru, emphasized the importance of using the official payment systems through the University portal and generating Payment Registration Numbers (PRNs) before making any payments.
Mr. Mubiru encouraged students to pay their tuition within the stipulated time to avoid inconveniences during the examination period.
Student Enrolment and Registration
Building on to the presentation on “Makerere University Tuition Policy,” Mr. Blaise Turyasingura from the Makerere University Revenue Office underscored the importance of understanding Makerere University’s enrolment, registration, and fee payment procedures, emphasizing that timely compliance with these processes is essential for a successful academic journey.
He explained that enrolment confirms a student’s intention to study at the University, while registration enables students to select and officially register the course units they will undertake during the semester.
He urged students to use the portal to generate Payment Registration Numbers (PRNs) before making any payments.
Mr. Turyasingura advised students to be vigilant against fraudulent investment schemes and unrealistic business opportunities that promise unusually high financial returns, urging them to exercise sound financial judgment and safeguard their education funds.
Tapping into Orientation activities
Ms. Stella Butamanya, Registrar of the School of Statistics and Planning under CoBAMS, implored the students to participate in the various orientation activities lined up during the course of the week.
She reminded students to work closely with their elected leaders, the Mentor Support Team (MST), and the orientation staff stationed at various tables, as they are available to offer assistance and ensure a smooth transition into university life.
Utilization of Library Resources
Briefing students on the College Library Resources, Ms. Sylvia Martha Munafu called upon students to utilize the library throughout their university education for coursework, research, revision, and independent learning.
“Make full use of both the physical and digital library resources, including books, journals, databases, and other online learning materials,” she advised.
Access to Digital Services
Ms. Catherine Tumusiime from the I.T. Department encouraged the first year students to utilize the ICT resources on the official YouTube channel @DICTSMakerere.
Key highlight
On Day Two (5thAugust 2026), the orientation programme will feature presentations on students’ responsibilities at Makerere University, campus security, health and wellness, digital services, the Gender Mainstreaming Programme, and other student support initiatives.
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