Business & Management
Macroeconomics Conference Addresses Opportunities and Challenges of Digital Payment Systems
Published
1 year agoon

By Noeline Nabukenya
On 8th May 2025, the School of Economics under the College of Business and Management Sciences (COBAMS) hosted the Macroeconomics of digital payment system conference at Makerere University. The conference was organised in collaboration with the Bank of Uganda
(BOU) and International Growth Centre (IGC), to promote use of digital financial services.
The conference was timely, coming at a time, when the world is experiencing a shift from moving with cash to accelerated digital transformation. The development has since penetrated the financial services market, promoting financial inclusion because of being secure and
convenient. Users have since observed an increase in speed, accuracy and reduction of transaction costs.
Uganda has made great strides in the adoption of digital technology. During the conference, the participants noted that the mobile money payment systems expedited the transfer of money. It is very fast, quick, convenient and affordable. The conference provided a platform to reflect on how that transition has happened and its impact on the economy.
Prof. Edward Bbaale, the Principal for COBAMS, welcomed delegates at the university and assured them that the conference would generate transformation and change in the business sector. He noted that digital payments have emerged as a critical tool in shaping the macroeconomic landscape of developing economies.

“The shift from cash to digital modes of transaction has profound implications for taxation, monetary policy, financial inclusion, and the efficiency of the financial system as a whole,” he observed.
He noted that the conference highlights the challenges of digital payments which have an implication to businesses; issues like mobile money taxation, digital financial service costs, interoperability, infrastructure gaps and remittance payments.
The conference therefore addressed the gap of mobile money taxation among other digital financial services and how they left out voices of the most affected-the small business owners. The participants called upon relevant authorities and stakeholders to consider making a redress.
“Uganda, like many of its regional counterparts, is standing at the crossroads of technological change and policy innovation. As digital financial services expand, we must understand their effects. This is not only a research imperative-it is a national necessity.”
Bank of Uganda expressed commitment of supporting digital financial services and creating avenues for accelerated development as the country embraces digital payment systems.
Dr. Doreen Rubatsimbira, the Head, Monetary Policy Analysis at BOU, said a technical team on block chain technology has been instituted to extend support to the journey of realizing digital financial services.

“We have also explored the visibility of the central bank digital currency and constituted a technical working group on block chain technology as a way of leveraging transformative technologies for the financial sector,” she stated.
On behalf of BOU, Dr. Rubatsimbira applauded Makerere University for their continued partnership on a number of activities that contributes to the economic growth of the country.
The university has worked with Bank of Uganda on different occasions because of the shared academic and policy goals. “This collaboration has led to a generation of economists and policymakers,” she said.
International Growth Centre Senior Country Economist, Dr. Nhial Kuch, said there is a steady progress in adoption of digital payment systems. As an organization, they are looking at providing more funding for evidence-based research to help policymakers come up with adjustments in policies that don’t clash with financial inclusion.
“When we think about tax policy, we must make sure that it is not contradicting other policies, the government is pursuing i.e. financial inclusion or access to innovative services or digital payments,” he said.

He underscored the significance of IGC funding towards evidence based research, noting that they funded the paper on mobile money tax, which is paying off by raising important dialogue that brings together researchers and policymakers, to sit in one room and address these issues and come up with some policy interventions.
“We also funded research on the Electronic Receipting and Invoicing System (EFRIS) which was creating confusion especially among business owners, but our intervention helped in interpretation of that tax,” Kuch added.
Prof. Ibrahim Okumu, the Dean, School of Economics, appreciated all partners especially BOU and IGC for their joint support to organize a colourful conference. He stressed that this kind of collaboration underscores the power of partnership in driving research, capacity building
and evidence-informed policy.
Through this partnership with the Bank of Uganda, Makerere University is scheduled to launch the Master of Science in Economic and Investment Modelling in August 2025, a program that will help strengthen the analytical capacity needed for sound public investment decisions.
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Business & Management
Government Strengthens Public Investment Management Capacity Through Intensive Training at Makerere University
Published
6 days agoon
June 4, 2026
Makerere University’s Public Investment Management (PIM) Centre of Excellence has commenced a three-day Essential Public Investment Management Training Programme aimed at strengthening the capacity of government officials in project preparation, appraisal, and implementation.
The training, supported by the Ministry of Finance, Planning and Economic Development, brings together participants from Ministries, Departments, Agencies, and Local Governments to enhance skills in designing and managing high-impact public investments that align with Uganda’s national development priorities.
Opening the programme on behalf of the Permanent Secretary, Ms. Gertrude Basiima, Commissioner for Public Investment and Assets Management (PAP) at the Ministry of Finance, reflected on the evolution of Uganda’s Public Investment Management system and the establishment of the PIM Centre of Excellence.
She noted that the Centre is one of the key institutional innovations that emerged from the creation of the Public Investment Management Department in 2016.

“I was encouraged to learn that the PIM Centre of Excellence, which we started several years ago, is one of the products that emerged from the establishment of the Public Investment Management Department. We established the Centre to bridge the gap between practitioners and academia,” she said.
Ms. Basiima emphasized that effective public investment management requires a blend of practical experience and academic expertise, noting that many facilitators in the programme are active practitioners who also serve as trainers.
She expressed appreciation for returning to Makerere University, describing it as a place of personal significance and transformation, having once been a student at the institution.
Strengthening project discipline and accountability
Addressing participants, Ms. Basiima underscored the critical role of project preparation committees in ensuring quality public investments.
She urged participants to apply the knowledge gained from the training to improve the quality of projects reviewed within their institutions.
“As members of Project Preparation Committees, your role is central in ensuring that only well-prepared projects progress to Development Committees. I will be disappointed if I later encounter poorly prepared projects from officers who have undergone this training,” she cautioned.

She further emphasized that public investment management lies at the heart of Uganda’s development agenda, distinguishing between recurrent expenditure and development expenditure.
Recurrent expenditure, she explained, covers routine operational costs such as utilities, fuel, and supplies, while public investment focuses on long-term development interventions such as roads, hospitals, energy systems, irrigation schemes, and water infrastructure.
“Without adequate infrastructure and reliable energy, Uganda cannot industrialize or deliver quality services. Public investment is therefore central to our development transformation,” she said.
Emphasis on evolving systems and policy reforms
Ms. Basiima highlighted key reforms in Uganda’s Public Investment Management framework, including the integration of the concept note and project profile into a single streamlined stage, followed by pre-feasibility and feasibility studies.
She also pointed participants to the updated Development Committee Guidelines (2025) and the National Public Investment Management Policy (2025), both accessible through the Integrated Bank of Projects (IBP).
She noted that the IBP now serves as the central platform for project registration, management, and monitoring, and continues to evolve in line with national reform priorities.

The Commissioner encouraged participants to actively engage in the training, emphasizing its practical and participatory nature.
“This is not a traditional classroom. You will be asked questions, engage in discussions, and work through real-life scenarios. Active participation is essential,” she said.
She further encouraged participants to embrace continuous learning, including the ability to unlearn outdated practices and adopt improved approaches to public investment management.
Makerere’s role in national capacity building
Representing the Principal of the College of Business and Management Sciences and Director of the PIM Centre of Excellence, Prof. Ibrahim Mike Okumu, Dean of the School of Economics, emphasized the centrality of the public sector in driving Uganda’s development agenda.
He noted that public investment management is fundamental to achieving economic growth, productivity, and job creation.

“The public sector is the enabler of development. Whether in health, education, or local government, every public officer contributes to national transformation through the quality of their decisions and investments,” Prof. Okumu said.
He warned that weak project preparation undermines access to government financing, even for well-conceived ideas, stressing the importance of technical capacity in project design and appraisal.
Prof. Okumu encouraged participants to view the training as the beginning of a broader professional journey in public investment management, adding that successful participants could eventually contribute as trainers and experts within the system.
Building a pipeline of skilled practitioners
In his remarks, Dr. John Sseruyange, Manager of the PIM Centre of Excellence, emphasized the importance of proper project conceptualization, noting that not all development challenges require new standalone projects.
“One of the key lessons is distinguishing between problems that require new projects and those that can be addressed through existing interventions or additional funding mechanisms,” he said.

He explained that the training forms part of a structured learning pathway that includes project preparation, financial appraisal, risk analysis, and economic appraisal.
Dr. Sseruyange also highlighted the Government’s integrated investment appraisal framework, which requires all projects to undergo rigorous assessment before approval for funding.
He encouraged participants to engage fully in both theoretical and practical sessions, noting that the programme includes group-based “lab sessions” where participants will develop real project concepts.
Toward stronger public investment outcomes
Across all speeches, a common message emerged: strengthening Uganda’s development outcomes depends on improving the quality of public investments through better skills, systems, and institutional coordination.
The PIM Centre of Excellence reaffirmed its commitment to capacity building, research, and policy advisory services aimed at improving the efficiency and effectiveness of public investment management in Uganda.
Participants were urged to translate the knowledge gained into improved performance within their respective institutions, ensuring that public resources are directed toward high-impact, well-prepared, and sustainable development projects. The training is expected to contribute to a growing cadre of skilled public investment professionals who will support Uganda’s long-term development transformation.
Business & Management
Driving Sustainable Growth: Eco-Efficiency and Cleaner Production are vital in shaping the future of Micro, Small and Medium Enterprises
Published
2 months agoon
April 20, 2026
By Ritah Namisango and Christopher Kaahwa
On Wednesday, 15th April 2026, the School of Business under the College of Business and Management Sciences (CoBAMS) at Makerere University hosted a project dissemination workshop that brought together researchers, practitioners, policymakers and faculty members.
The workshop focused on the presentation of findings and policy recommendations from the research project titled: Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda.
Opening the workshop, Associate Professor Godfrey Akileng, the Dean, School of Business represented by Dr. Anthony Tibaingana, the Head, Department of Marketing and Management welcomed participants and highlighted the role of research in connecting Makerere University to the wider community.
He noted that MSMEs form the backbone of Uganda’s economy making up the largest share of businesses across sectors and because of this, any meaningful research must speak directly to their realities.

The Dean of the School of Business commended the project team namely Dr. Marion Nanyanzi, Dr. Kasim Sendawula, and Associate Professor Peter K. Turyakira, for positively contributing to the university’s goal of being a research-led institution.
He explained that Eco-Efficiency (EE) is about using available resources wisely not just for today, but for tomorrow and generations to come. “In a country where most businesses operate on a small scale, understanding how to produce more with less is essential,” he said.
Dr. Tibaingana acknowledged the government of Uganda through the Makerere University Research and Innovation Fund (MakRIF) for funding the research project titled, Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda. He recognized Professor Fred Masagazi Masaazi, Chairperson of the Mak RIF Grants Management Committee (GMC) and thanked him, for gracing the dissemination workshop with his personal presence.
Achieving sustainable growth through eco-efficiency and cleaner production
The main presentation led by Dr. Marion Nanyanzi, the Principal Investigator (P.I.) unpacked the research project in a detailed and practical way. At its core, the study explored how MSMEs, particularly in the Food and Beverage (F&B) Service sector in Uganda can achieve sustainable growth by balancing three key areas: economic performance, environmental responsibility and social contribution.
From a social perspective, Dr. Nanyanzi stated that businesses were found to be playing an important role in creating jobs, supporting local suppliers, and contributing to community activities. She added that the study was also focused on reducing environmental harmful practices such as reliance on charcoal and firewood and adopting cleaner energy sources that would economically yield increased profits for enterprises.

The study revealed that while these enterprises significantly contribute to employment and government revenue, they face serious constraints pointing out that high operational costs especially electricity remain a major challenge. “ So, many businesses are forced to turn to cheaper alternatives that are harmful to both health and environment creating a difficult balance between survival and sustainability,” she said.
Amidst these challenges, the study highlighted the resilience and creativity of entrepreneurs. It was found out that many business owners have developed coping strategies to remain operational with some of them adjusting production depending on customer flow especially in areas such as Kampala where demand fluctuates with academic calendars. Dr. Nanyanzi noted that other entrepreneurs have found ways to manage resources more carefully for instance through switching on refrigerators at night when electricity tariffs are lower or re-using water to reduce costs.
Makerere University Guest House highlights its cleaner production strategy
Adding a practical perspective to the study, Mr. Patrick Ojiambo Lwande, the manager of Makerere University Guest House shared how cleaner production is being implemented by the facility in its everyday operations. He mentioned that the facility undertakes waste segregation, recycling and proper waste management as key practices. “Organic waste is separated and repurposed, recyclable materials are re-used and hazardous waste is carefully handled to avoid environmental pollution,” he stated.

Appreciation of eco-efficiency and cleaner production measures
These practices reflect an emerging understanding of eco-efficiency by business owners who are beginning to recognize that reducing waste and conserving resources can directly improve their production line.
The study also found out that many enterprises are making efforts towards cleaner production. Hygiene standards are being improved, waste is better managed and emissions are controlled through simple measures such as chimneys and ventilation system. In some cases, food waste is used as animal feed while other organic materials are re-used in farming. However, the progress to transition towards more sustainable practices is slowed down by various obstacles including limited financial capacity, lack of technical skills and low awareness among business owners.
Key recommendations
To address these gaps, the project team proposed the following practical recommendations:
- Increasing access to affordable financing by government and financial institutions through introducing subsidies, grants, or low-interest green financing schemes to support investment in cleaner production technologies,
- Promoting public-private partnerships to lower the cost of eco-efficient equipment and infrastructure,
- Undertaking capacity building and training programmes, awareness and sensitization campaigns,
- Strengthening institutional and regulatory frameworks, research and innovation support,
- Providing support for small and informal businesses by designing tailored interventions for micro and small enterprises, and
- Encouraging business clustering and cooperative models to enable shared access to eco-efficient technologies and resources.
MakRIF supports research that addresses national priorities
Professor Fred Masagazi Masaazi, Chairperson of Mak-RIF Grants Management Committee (GMC) emphasized the importance of research that addresses national priorities, noting that government support for research is meant to generate practical solutions.

Professor Masagazi Masaazi highlighted the critical role of micro, small, and medium enterprises (MSMEs) in Uganda’s economy, describing the research presented as both timely and relevant. “This is exactly the kind of research Uganda needs — research that directly impacts society and supports economic transformation,” he said.
He encouraged researchers to explore collaborations across disciplines. “Bringing together expertise from different fields can lead to stronger and more impact-oriented solutions that respond to the country’s development needs,” he added. He also called for greater engagement with policymakers and industry players during dissemination.
Research and Industry pathways
The Dean, School of Business, Associate Professor Godfrey Akileng urged researchers, faculty and participants at the dissemination workshop to rethink how research translates into real economic value, emphasizing stronger research to industry pathways at Makerere University and beyond.

Promoting environmental compliance
Mr. Peter Ssekajja, Senior Environmental Officer (Cleaner Production), National Environment Management Authority (NEMA) informed participants about the ongoing efforts to promote environmental compliance, referencing the establishment of a Compliance Assistance Unit and the introduction of the National Environment Sustainability Awards as some of the supporting measures.
He stated that these initiatives aim to support businesses in adopting sustainable practices while recognizing those that are leading the way. “Environment is no longer just about enforcement, but also about guidance, innovation and collaboration,” he emphasized.

Mr. Ssekajja reflected on the changing nature of environmental challenges as populations grow and resources becoming more strained. He appealed for efficient and responsible use of resources by business owners. He implored the business owners to consider sustainability not as a burden, but as an opportunity.
Participants enlightened on eco-efficiency and cleaner production
Dr. Jude Mugarura, the Head, Department of Marketing and Management, appreciated the dissemination workshop which presented them with an opportunity to listen to both the research project team and two practitioners namely Makerere University Guest House, and the National Management Environment Authority (NEMA). “We are therefore able to bridge the academia and the field of practice,” said Dr. Mugarura.

Dr. Seperia Bwadene Wanyama, from the School of Business, thanked Mr. Peter Ssekajja from NEMA for his presentation on cleaner production and eco-efficiency, which demonstrated to the participants some of the day-to-day wasteful practices with respect to resources, that they were engaged in, without knowing the implications. A key highlight focused on the usage of water in toilets which indicates the button to press after a short call, and the one to press after a long call, which would greatly save water consumption. “Learning is a continuous process. I have learned from the presentations of the findings by the research project team, as well as, Mr. Peter Ssekajja, who provided an informative presentation on real life practices on eco-efficiency and cleaner production.”
Conclusion: Toward a Clean and Resilient Economy
The workshop concluded with a strong call for collective action to support MSMEs in adopting eco-efficient practices. With the right support, small businesses can become engines of sustainable development. “This study provides practical insights that, if implemented, can transform MSMEs into drivers of sustainable development,” Dr. Sendawula emphasized.

Overall, the research outlines a clear pathway toward a greener, more resilient Ugandan economy—where MSMEs thrive while contributing to environmental sustainability and social well-being.
Business & Management
Academia Urged to Probe Donor Behaviour as Aid Cuts Threaten Service Delivery
Published
2 months agoon
April 20, 2026By
Jane Anyango
Academics, researchers and students at Makerere University have been urged to deepen research into whether international donors cooperate or compete in the provision of aid, amid growing concerns that shifts by major funders could significantly affect service delivery in developing countries.
The call was made during a public lecture delivered on April 16, 2026, by French economist Nathalie Ferriere, titled “Donor Cooperation or Competition: What Do We Know from Economics Research and What Should We Investigate.” The lecture, part of the Environment for Development Initiative seminar series, attracted faculty, researchers and students .

Ferriere, an Associate Professor at Sciences Po Aix affiliated with the Aix-Marseille School of Economics, is in Uganda for a two-week research engagement involving consultations with government institutions including the Ministries of Finance and Health as well as local governments.
Study Donor Reactions to Aid Withdrawals
Ferriere said her research focuses on how donors respond when a major funder withdraws support particularly in sensitive sectors such as family planning.
“My research here is about the interaction between family planning providers’ aid. I look at how the withdrawal of US aid in given years affects the spending of other donors,” she explained.
She noted that her findings show a delayed but concerning pattern.

“Once the US stops giving family planning aid, other donors at the beginning do not react for one or two years but after, they also start to reduce funding,” she said.
Ferriere warned that such trends could have direct implications for countries like Uganda, where a significant portion of health services relies on foreign aid.

“If you have a decrease in this aid, you will have a decrease in family planning provision,” she said adding that governments must anticipate such shifts.
“If you want to keep the same level of services, the government should increase its own expenditure. My next research will be to understand how governments respond in such situations,” she added.

Lecture Opens New Research Frontiers
College Principal and EfD centre Director Edward Bbaale described the lecture as timely and aligned with the university’s strategic direction to strengthen research and international collaboration.
“The topic speaks a lot to me because it opens up research frontiers. What should we really take on as researchers? How else can we look at cooperation or competition in terms of aid?” Bbaale said.

He commended Ferriere for partnering with Makerere researchers on aid-related studies, noting that such collaborations are critical for building a research-driven institution.
“We are excited that of all universities in Africa, you chose to work with researchers from Makerere University,” he said.

Bbaale emphasized that the university is positioning itself as a research-led institution, with internationalization and partnerships at its core.
“A research university is not only about teaching. It is about meetings like this to exchange ideas, to understand where we are and where we are going,” he added.
Donor Behaviour Key to Development Outcomes
Lecturer John Bosco Oryema said the lecture underscored the importance of understanding donor dynamics for countries dependent on external funding.

“When a big donor behaves in a specific way, other donors will follow in the same way,” Oryema noted.
“For developing countries that depend on aid, we need to study the behaviour of our donors. When one reduces, others may also reduce, and our development interventions may fail,” he warned.

Researcher Alice Nalwera highlighted the tendency of donors to align their decisions based on actions taken by leading funders.
“Most donors tend to cooperate and follow what others are doing. There is an aspect of information sharing,” she said.

“What the US is doing will greatly influence what other donors do in terms of disbursement,” she added..
Evelyn Nizame, a third-year economics student said cooperation among donors is essential.

“It is very important for donors to cooperate on key projects to deliver quality services to the people,” she said.
Another student, Nabakoza Joan, emphasized the risks of fragmented aid. “When there is a lot of competition, there is fragmentation of funds. But if donors cooperate under one policy, it leads to better outcomes for developing countries,” she explained.

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