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Government Officials Equipped with Critical Skills in Financial Appraisal and Risk Analysis

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A two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) concluded today April 11, 2025 at the Pearl on the Nile Hotel in Jinja. The training, delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, sought to bridge long-standing capacity gaps in the preparation, appraisal, and review of public sector projects.

The event was officially closed by Dr. Hennery Ssebukeera, representing the Permanent Secretary and Secretary to the Treasury at the Ministry of Finance, Planning and Economic Development (MoFPED). Dr. Ssebukeera highlighted that the training was designed in response to a comprehensive needs assessment, which revealed persistent gaps in government officers’ abilities to carry out cost-benefit and cost-effectiveness analyses, and to prepare or assess pre-feasibility and feasibility studies.

One of the participants receives a certificate from Dr. Hennery Ssebukeera who represented the PSST, as Ms. Esther Ayebare, Assistant Commissioner PAP and Prof. Eria Hisali Look on. Close of two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, 11th April 2025, Pearl on the Nile Hotel, Jinja Uganda, East Africa.
One of the participants receives a certificate from Dr. Hennery Ssebukeera who represented the PSST, as Ms. Esther Ayebare, Assistant Commissioner PAP and Prof. Eria Hisali Look on.

“Many government projects have not been properly appraised due to limited internal capacity,” Dr. Ssebukeera stated. “Too often, we rely on external consultants to prepare feasibility studies, yet our officers are not adequately equipped to interrogate or validate those studies.” He expressed confidence that participants now possess practical skills to analyze topics such as risk analysis, financial modelling, discount rates, project finance, and consumer surplus. “You are now in a position to not only prepare but also critically evaluate complex project documentation,” he added.

Ms. Esther Ayebare, Acting Assistant Commissioner in the Public Investment Management Department at MoFPED, acknowledged the participants’ dedication and active engagement. “As the unit that hosts the Development Committee, we are pleased that this training has added critical skills to help you prepare and submit viable public projects,” she said, calling on the participants to be part of building a sustainable pipeline of investment-ready projects.

Participants attending the training. Close of two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, 11th April 2025, Pearl on the Nile Hotel, Jinja Uganda, East Africa.
Participants attending the training.

In his remarks, Dr. John Sseruyange, Manager of the PIM CoE, emphasized that this training is only the beginning. “While we’ve now completed the financial appraisal component, the next step is Economic Appraisal and Stakeholder Analysis—where we evaluate a project’s broader impact on society and the economy,” he said. He also extended appreciation to the Government of Uganda, particularly MoFPED, for funding the training, as well as to Ms. Esther Ayebare and other facilitators for their unwavering commitment.

Prof. Eria Hisali, who represented the Principal of the College of Business and Management Sciences, praised the participants for navigating what would typically be a semester-long course within just two weeks. “This is a practical, work-oriented training. The knowledge you’ve gained here should be applicable immediately,” he said. He further invited the graduates to attend the upcoming Public Investment Management Conference in August 2025 to share their experiences and provide feedback.

Participants attending the training. Close of two-week intensive training in Financial Appraisal and Risk Analysis for government officers across Ministries, Departments, and Agencies (MDAs) delivered under the Programme on Financial Appraisal and Risk Analysis (PIAR) and spearheaded by the Public Investment Management Centre of Excellence (PIM CoE) at Makerere University, 11th April 2025, Pearl on the Nile Hotel, Jinja Uganda, East Africa.
Participants attending the training.

Participants also expressed their gratitude. One quoted the Quran, saying, “Whoever gives you knowledge has given you everything,” in appreciation of the facilitators and the opportunity to learn.

The PIAR program, jointly implemented by Makerere University, MoFPED, the National Planning Authority (NPA), and Cambridge Resources International (CRI), includes two modules: the just-completed Financial Appraisal and Risk Analysis, and the upcoming Economic Appraisal and Stakeholder Analysis. As Uganda continues to push for better value from public investments, trainings like this are building a critical mass of experts who will ensure that every shilling invested delivers real impact.

Betty Kyakuwa
Betty Kyakuwa

Business & Management

Call For Applications: Student Mobility – University of Padova, Italy (Oct 2026-Jan 2027)

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Group Photo of the trainers and trainees that took part in the workshop on multivariate statistics and time series analysis, held 11th-20th June 2024 between the School of Statistics and Planning, CoBAMS and University of Padova, Italy. Makerere University School of Statistics and Planning-University of Padova, Italy dynamic workshop on multivariate statistics and time series analysis, 11th to 20th June 2024, Makerere University, Kampala Uganda, East Africa.

Arising from an existing Memorandum of Understanding (until September 2028) between University of Padova, Italy (UniPd) and Makerere University (Mak), the two institutions partnered and will jointly implement the Bilateral Agreement for the mobility for students between 2026 and 2027. At Mak, the Departmental Flow Coordinator is Symon Peter Wandiembe (PhD) and the project Principal Investigator and Contact Person is Saint Kizito Omala (PhD), both of Department of Statistical Methods and Actuarial Science (DSMAS).

In this regard, the Department of Statistical Methods and Actuarial Science wishes to announce opportunities for student mobility to the Department of Statistical Sciences, University of Padova, Italy for the Winter Semester, October 2026 – January 2027.

The selection process shall entail five-steps:

  • Step 1: Submission of documents by candidates for nomination, with an internal deadline of April 20th, 2026, 05.00 p.m. (EAT) to allow for time to process nomination applications;
  • Step 2: Meeting of the Nomination Committee to review documents received from applicants;
  • Step 3: Submitting the list of nominated candidates, by April 30th, 2026, to the International Projects and Mobility Office of the University of Padua, Italy;
  • Step 4: Eligibility check and communication to successful candidates by the International Projects and Mobility Office of the University of Padua, Italy; and
  • Step 5: Application for the Mobility opportunity by successful candidates.

Please see download for detailed call.

Inquiry

S.K. Omala via +256 772 491545 before April 20th, 2026.

Mak Editor

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Mak CoBAMS Hosts UNISA’s Dr. Sizile Makola

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L-R: Dr. Zaina Nakabuye, Dr. Jude Mugarura, Dr. Agnes Sansa, Dr. Sizile Makola, Prof Edward Bbaale and Dr. Anthony Tibaingana at the 8th April 2026 meeting in the Office of the Principal. Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale welcomes Dr. Sizile Makola, a Senior Lecturer in Human Resource Management from the University of South Africa (UNISA), to the College and Makerere University, Kampala Uganda, East Africa, 8th April 2026.

On Wednesday 8th April 2026 the Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale received and welcomed, Dr. Sizile Makola, a Senior Lecturer in Human Resource Management from the University of South Africa (UNISA), to the College and Makerere University.

The interaction meeting held in the Office of the Principal brought onboard the following members of staff from the Department of Marketing and Management, School of Business: Dr. Jude Mugarura, Dr. Zaina Nakabuye, Dr. Agnes Sansa, and Dr. Anthony Tibaingana.

Dr.Sizile Makola is visiting Makerere University for two (2) weeks to cement the MoU between Makerere University and UNISA and to finalise her comparative studies with staff from the department of marketing and management on behalf of Makerere University for the Ugandan context.

Dr. Makola is scheduled to deliver an interactive guest lecture to undergraduate and postgraduate human resource management students on Friday 10th April 2026 from 2:00pm to 4:00pm in the School of Business, Conference Hall.

Guest Lecture on Re-Imagining Human Resource Management in Africa, Topic: Integrating Indigenous Knowledge and Organizational Practice, Keynote Speaker: Dr. Sizile Makola. Senior Lecturer in Human Resource Management from the University of South Africa (UNISA), 10th April 2026, 2:00-4:00PM, The Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
The Guest Lecture Poster.

Ritah Namisango
Ritah Namisango

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Business & Management

Mak CoBAMS holds strategic partnership engagement with World Bank

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L-R: Cyril Desponts, Hassan Zamani, Prof. Edward Bbaale, Assoc. Prof. Eria Hisali, Liz Mukasa Samula, and Assoc. Prof. Ibrahim Mike Okumu. Strategic partnership engagement with delegation from the World Bank ahead of the African Meeting of the Econometric Society scheduled to take place in June 2027 preceded by the Econometric Society Summer School, 1st April 2026, Office of the Principal, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.

On 1st April 2026, the Principal of the College of Business and Management Sciences (CoBAMS) at Makerere University, Professor Edward Bbaale hosted a delegation from the World Bank for a strategic partnership engagement ahead of the African Meeting of the Econometric Society scheduled to take place in June 2027. The International engagement will be preceded by the Econometric Society Summer School.

Focusing on macroeconomic stability, productivity, climate resilience, and youth employment, the African Meeting is expected to attract over 400 national and international participants. The Meeting has been deemed critical in advancing research and policy dialogue as well as planning and development across the continent.

The World Bank delegation consisted of Hassan Zaman-Regional Director for East Africa, Cyril Desponts-Country Senior Economist, and Liz Mukasa Samula-Country Economist. During the introduction, Liz Mukasa Samula stated that she is a proud alumnus of Makerere University, specifically, the College of Business and Management Sciences (CoBAMS).

At the College level, the meeting brought onboard, Professor Edward Bbaale, Associate Professor Eria Hisali, Associate Professor Ibrahim Mike Okumu, and Ritah Namisango.

Presentation by Mak CoBAMS

Welcoming the delegation, Prof. Bbaale presented the College of Business and Management Sciences as a centre of excellence in teaching and learning, research, policy engagement, knowledge transfer, and entrepreneurship.  Prof. Bbaale informed the delegation about the great works under the School of Economics, School of Business, and the School of Statistics and Planning.

Highlighting the purpose of Mak CoBAMS in line with the strategic meeting, Prof. Bbaale explained that the World Bank is a leader in applied research, policy design, and capacity building, and therefore, as partner, they would enrich the discussions aimed at hosting a successful and impact-driven African Meeting of the Econometric Society. In addition, the partnership would present an opportunity to shape policy dialogue and engage Africa’s next generation of economists.

He added that at the national level, the Bank of Uganda, National Planning Authority, and the Ministry of Finance, Planning and Economic Development had agreed to be partners.

Acknowledging that scholars, researchers and participants in general, would be delighted to engage with an authority in the discipline, Prof. Bbaale proposed a Policy Round Table moderated by the World Bank.

Building on Prof. Bbaale’s remarks, the Dean of the School of Economics, and a Member of the Global Organizing Committee, Associate Professor Ibrahim Mike Okumu, highlighted that partnership with the World Bank would strengthen the research-policy interface at scale.

At the strategic level, the Dean of the School of Economics, articulated that the partnership would establish a lasting platform to strengthen the role of economic research in development policy across Africa. He noted that some of topics, papers and research, would focus on African economics and development. He pointed out that the international engagement with participants from across the globe provides an opportunity to inform policy briefs on a wide range of topics

Contributing to the discussion, Associate Professor Eria Hisali, submitted that the Journal Publications under the World Bank would provide possible outlets for the dissemination of information and knowledge generated during the African Meeting of the Econometric Society.

Presentation by the delegation from the World Bank

The Regional Director for East Africa, Hassan Zaman, was pleased to visit Makerere University, an institution that has significantly contributed to knowledge creation and transfer as well as development.

Responding to the presentation from the College of Business and Management Sciences, Zaman welcomed the idea of potential collaboration. “Based on our knowledge bank perspective, it is of interest to engage.”

Specific to Africa, Zaman emphasized the need for topics on econometrics to be presented by experts from the continent. He welcomed the proposals on a Policy Round Table, Impact-driven Policy briefs, participating in the summer school, and representation of the World Bank on the Global Organising Committee.

Presentation on the Public Investment Management (PIM) Centre of Excellence

During the Strategic Partnership Meeting, the delegation expressed interest in collaborating with the Public Investment Management (PIM) Centre of Excellence based at Makerere University.  “The World Bank will undertake a public investment review. Does the PIM Centre at Makerere University undertake analytical work?”

In response, the College team expressed readiness for collaboration with the World Bank. Consequently, the Principal of CoBAMS and his team, briefed the delegation on the PIM Centre of Excellence:

  • Its main focus is capacity building through training of government officials along the entire project cycle.
  • PIM Centre kicked off with seed funding from the World Bank. When the grant came to an end, Bank of Uganda came onboard to support.
  • The Centre undertakes capacity building, research, and policy engagements.
  • Every year in the month of August, Makerere University, College of Business and Management Sciences, in partnership with the Ministry of Finance, Planning and Economic Development (MoFPED), and the National Planning Authority (NPA), hold a PIM Conference.
  • Associate Professor Ibrahim Mike Okumu and Associate Professor Eria Hisali shared some of the ongoing research in the area of public investment management.

The Strategic Meeting concluded on a high note, with both parties not only acknowledging but receptive of the various prospects future collaboration and partnership presents.

Ritah Namisango
Ritah Namisango

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