Business & Management
Carbon Prices Too Low to Cut Emissions, Says Canadian Professor Mark Purdon at EfD-Mak Seminar
Kampala, Uganda – August 27, 2025
A new study spanning a decade has revealed that the prices currently offered for carbon credits and other climate finance instruments are too low to meaningfully reduce greenhouse gas emissions in developing countries.
The findings were presented by Canadian scholar Prof. Mark Purdon during a seminar at Makerere University, where he launched his new book “The Political Economy of Climate Finance Effectiveness in Developing Countries: Carbon Markets, Climate Funds, and the State.” The event, hosted by the Environment for Development (EfD) Mak Centre, attracted graduate students and academic staff from the Schools of Economics and Agricultural Sciences.
Prof. Purdon, an Associate Professor at Université du Québec à Montréal (UQAM), based his conclusions on a comparative study conducted between 2008 and 2018 in Uganda, Tanzania, and Moldova. His research showed that while carbon markets and climate funds are theoretically designed to reduce emissions, their real-world effectiveness is constrained by the low financial incentives attached.
“Carbon prices during the period I studied were simply too low to drive meaningful emission reductions,” said Prof. Purdon. “They only worked in contexts where governments were already trying to push development initiatives-like Uganda’s forestry projects and the climate finance just helped amplify that effort.”
The research contrasts Uganda’s relatively proactive approach with Tanzania’s limited engagement, attributing the difference not to institutional capacity but to political will.
“In Tanzania, the government just wasn’t genuinely interested in these instruments -they didn’t find the financial incentives compelling. Uganda, on the other hand, saw even the modest funding as worth integrating into its broader development goals,” he added.
Interestingly, Moldova also showed effectiveness similar to Uganda, despite having different levels of state capacity. Prof. Purdon emphasized that success in utilizing climate finance depends more on political interest than institutional strength alone.
The seminar highlighted the importance of domestic commitment in making international climate finance work. According to Purdon, climate finance is unlikely to succeed in countries lacking political interest, regardless of the mechanisms in place.
The professor’s book aims to inform policymakers, development agencies, and researchers about the conditions under which climate finance can effectively contribute to emission reduction. He expressed hope that students and faculty at Makerere University would further engage with the study’s findings.
“This is how ideas turn into action – through forums like this,” he said, noting his appreciation for the strong turnout and engagement at the event.
Prof. Purdon was in Uganda to attend the International Growth Center (IGC) conference later in the week, but used the opportunity to share his latest work with the Makerere academic community.
Uganda to Launch National Climate Finance Strategy as Experts Call for Private Sector Investment in Adaptation
Uganda is set to launch its first-ever National Climate Finance Strategy on September 12, 2025, a milestone development in the country’s climate policy architecture, according to remarks made by Dr. Peter Babyenda, Policy Engagement Specialist at the EfD-Mak Centre.
Speaking on behalf of Prof. Edward Bbaale, Director of EfD-Mak Centre, Dr. Babyenda emphasized that climate finance will only be effective if private sector participation is prioritized especially in adaptation-focused investments.
“The private sector will only invest where there’s a return. We must ask how to make climate investments profitable,” Dr. Babyenda said. “Much of our climate financing currently goes toward mitigation, but Uganda’s needs are more aligned with adaptation especially in agriculture, which remains highly vulnerable.”
He cited his recent consultancy with the International Fund for Agricultural Development (IFAD), which explored strategies for increasing private sector investment in agricultural adaptation. The findings, expected to be published soon, were presented to various donor communities and could shape future financing models in Uganda.
Dr. Babyenda noted that while mitigation efforts like tree planting are easier to quantify and attract funding, adaptation remains underfunded despite its critical relevance for Uganda. He called for targeted strategies to shift this imbalance.
Highlighting the significance of Prof. Purdon’s new book, “The Political Economy of Climate Finance Effectiveness in Developing Countries”, Dr. Babyenda stressed the importance of understanding political will in determining the success of climate initiatives.
“The experiences from Uganda, Moldova, and Tanzania outlined in the book show that effectiveness is possible where there is political interest. It is not just about institutional capacity it is about commitment,” he said.
He further revealed that Uganda’s Ministry of Finance, Planning and Economic Development has already established a Climate Finance Unit, which is now leading efforts to formalize the upcoming strategy.
In addition to national developments, Dr. Babyenda warned of growing international pressure. He pointed to upcoming European Union regulations, including the Cross-Border Adjustment Mechanism (CBAM), which could restrict exports such as coffee unless exporters prove their products are deforestation-free.
“If we don’t have systems like carbon taxes or certified credits, our goods will face fines or lose market access. We must prepare for this global shift,” he warned.
Dr. Babyenda also announced that Makerere and IGC would sign a Memorandum of Understanding, solidifying their continued partnership in climate economics research and policy development.
He closed by encouraging students to engage with the issues raised during the seminar, suggesting they could form the basis of graduate research or postdoctoral work, especially with available funding in climate-related fields.
“Monies are there and these are the issues. Our roads, our crops, our lives are being affected. We need solutions rooted in evidence and action,” he said.
Book Offers Critical Insights for Evidence-Based Policy, Says Reviewer Dr. Byakagaba
Dr. Patrick Byakagaba, a leading Ugandan environmental policy expert and one of the reviewers of the launched book, praised the publication for shedding light on the political economy factors that determine the success or failure of climate finance instruments in developing countries.
Dr. Byakagaba described the work as a timely and evidence-based resource that should inform both policy and practice.
“In my opinion, this book helps us understand the political economy factors that are critical for the effectiveness of the different climate financing instruments,” Dr. Byakagaba said. “It shows what is working, what is not, and what we must do to leverage successful measures.”
He emphasized the book’s relevance not only for academics but also for practitioners and students in economics, environmental science, and natural resource management – many of whom are directly involved in projects funded by international climate finance.
Unlike many theoretical publications, Dr. Byakagaba noted that the book stands out for its field-based evidence drawn from Uganda, Tanzania, and Moldova – countries with shared democratic governance structures but differing levels of engagement in climate finance initiatives.
“This isn’t just theoretical work,” he said. “It gives us a strong theoretical foundation but also backs it up with real-world evidence. That’s exactly what we’ve been missing – research that informs policy in a tangible, practical way.”
He stressed the importance of building on this research to expand the body of evidence needed for crafting effective and locally relevant climate finance strategies.
“If we are going to adopt evidence-based policy instruments, we must continue investing in research that reveals what’s actually working on the ground,” Dr. Byakagaba urged.
The seminar highlighted the growing need to critically evaluate and adapt international climate finance mechanisms to local political and economic realities – a message echoed by both Prof. Purdon and other experts at the event.
Book summary
There is ample evidence that engaging developing countries on climate change mitigation would have significant, positive impacts on global climate efforts. There is much debate, however, on the most effective strategy for unlocking these low cost mitigation opportunities. While the Clean Development Mechanism (CDM) emerged as the main climate finance instrument for engaging developing countries under the Kyoto Protocol, the carbon market approach it embodied would largely be replaced by a new array of climate finance instruments based on climate funds.
In The Political Economy of Climate Finance Effectiveness in Developing Countries, Mark Purdon shows that the effectiveness of climate finance instruments to reduce emissions under either strategy has depended on the interaction between prevailing ideas about how to develop a nation’s economy, as well as state interests in various economic sectors.
Based on multiple field visits over a decade in three countries, the author demonstrates that climate finance instruments have been more effectively implemented when the state treats them as vehicles for addressing priority development issues. Climate finance instruments were more consistently and effectively implemented in Uganda and Moldova than Tanzania, despite differences in state capacity between countries. This pattern held for the CDM,as well as subsequent instruments largely based on climate funds such as Reducing Emissions from Deforestation and Forest Degradation (REDD+) and other national mitigation actions. Contributing to broader debates on international climate cooperation, Purdon’s findings inform international efforts to support national climate plans and catalyze low-carbon development by emphasizing the importance of domestic politics and the state.
The Political Economy of Climate Finance Effectiveness in Developing Countries: Carbon Markets, Climate Funds, and the State
By Mark Purdon
Oxford University Press 2024
Purchase Online: https://global.oup.com/academic/product/the-political-economy-of-climate-finance-effectiveness-in-developing-countries-9780197756836
Jane Anyango is the Communication Officer EfD Uganda.
The Public Investment Management Centre of Excellence (PIM CoE), Makerere University, has today, November 17, 2025, officially opened a two-week specialized training in Financial Appraisal and Risk Analysis for officials from the Kampala Capital City Authority (KCCA). The training, fully funded by KCCA, is taking place in Jinja and aims to strengthen the institution’s internal capacity to prepare, analyse, and manage high-quality public investment projects.
The workshop was opened by Prof. Edward Bbaale, Director of the PIM Centre of Excellence and Principal of the College of Business and Management Sciences, who commended KCCA for prioritising continuous professional development in public investment management.
Strengthening Capacity for Better Public Investments
In his opening remarks, Prof. Bbaale expressed deep appreciation to the Ministry of Finance, Planning and Economic Development (MoFPED) for its generous financial support to the PIM Centre of Excellence. He further acknowledged the Ministry’s strategic partnership with Makerere University, which has enabled the Centre to grow into a credible national hub for training, research, and policy dialogue in Public Investment Management.
“This particular cohort is unique and significant,” Prof. Bbaale said. “For the second time, KCCA has fully sponsored its officials to undertake this training, demonstrating strong dedication to improving the quality, efficiency, and overall effectiveness of public investments in the city.”
He thanked Makerere University management, faculty members from Makerere, MoFPED, and the National Planning Authority for their continued dedication to knowledge sharing and national capacity development.
From Theory to Hands-On Project Appraisal
Earlier, Dr. John Sseruyange, Manager of the PIM Centre of Excellence, welcomed participants and outlined the structure and importance of the training programme. He emphasized that governments worldwide increasingly require rigorous financial, economic, and risk appraisal of projects before implementation; a standard that Uganda is actively embracing.
Dr. Sseruyange noted that the training is designed to build practical skills in:
- Preparation of project concepts and profiles
- Financial appraisal and modelling
- Economic appraisal and stakeholder analysis
- Integration of climate change, environmental, and social considerations
- Risk analysis using modern tools and techniques
“Our approach blends theory with hands-on practical sessions,” he said. “By the time you complete this course, you will have acquired skills that you can apply to multiple projects beyond the one you analyse here. The goal is to ensure that you become competent project appraisal professionals capable of supporting your institution and the wider public sector.”
He also highlighted upcoming government requirements starting July 2025, which will extend appraisal to policies, bills, and programmes; skills that participants can also support once trained.
Toward a Stronger Public Investment System
Prof. Bbaale encouraged participants to fully engage in the sessions and take advantage of the opportunity to strengthen their technical competencies. He also invited them to return for the Economic Appraisal module in the near future, after which they will earn a dual certificate issued jointly by Makerere University and MoFPED.
Beyond training, he highlighted the Centre’s recent achievements, including:
- Revision of the Development Committee Guidelines
- Assessment of project performance since NDPI
- Hosting the inaugural Public Investment Management Conferences in 2024 and 2025
“These efforts demonstrate our commitment to contributing to Uganda’s public investment reform agenda,” he said. “We look forward to partnering with you in research, outreach, and capacity-building initiatives.”
Looking Ahead
The two-week KCCA training marks another milestone in the Centre’s mission to enhance Uganda’s public investment ecosystem. Over the coming days, participants will engage with real-world projects from sectors such as health, roads, education, electricity, water, and energy; equipping them with practical skills essential for driving development in the city and the country. The opening ceremony concluded with a call for collaboration, professionalism, and a shared commitment to improving public investment outcomes for national development.
Business & Management
Uganda National Academy of Science inducts Professor Edward Bbaale as Distinguished Fellow
On Friday 31st October 2025, Professor Edward Bbaale, the Principal of the College of Business and Management Sciences, at Makerere University, was inducted into the prestigious fellowship of the Uganda National Academy of Sciences (UNAS).
With this induction into UNAS, Professor Bbaale adds to his numerous national and international awards, the title- Fellow of the Uganda National Academy of Sciences (FUNAS).
Professor Bbaale’s induction as a distinguished Fellow of the Uganda National Academy of Sciences reflects his outstanding scholarly achievements and leadership in advancing research, policy, mentorship and academic development.
The 2025 Induction Ceremony of Fellows symbolizes UNAS’ continued commitment to recognizing and harnessing local intellectual excellence in driving the nation’s path toward self-reliance and sustainable growth.
The induction ceremony provided a platform to celebrate academic excellence, scientific innovation, and national contribution as 27 distinguished scholars were formally received into the prestigious fellowship of the Academy — 9 female and 18 male inductees representing four key disciplines namely: Medical Sciences, Social Sciences, Agricultural Sciences, and Physical Sciences.
Some of the scholars and researchers from Makerere University who were inducted as Fellows include: Professor Edward Bbaale, Professor Helen Nambalirwa Nkabala, Professor Rev. Sr. Dominica Dipio, Associate Professor Egeru Anthony, Professor Nazarius Mbona Tumwesigye, Associate Professor Arthur Tugume, Associate Professor Jackie Bonabana and Associate Professor Frank Mugagga.
According to the UNAS Vice President, Dr. Mary Goretti Nakabugo, the process leading to the fellowship is strictly merit-based, stressing that individuals do not apply for fellowship themselves, specifying that they are nominated in recognition of their exceptional contributions to science and society. She disclosed that when the call is publicized, existing members/fellows propose qualified candidates who meet the set criteria. Highlighting UNAS’s commitment to quality assurance, she revealed that the vetting process is meticulous and time-intensive. “When the vetting is completed, a report is submitted to another committee for further scrutiny before final approval by the UNAS Council,” she explained.
Nomination of Professor Edward Bbaale as Fellow of UNAS:
For induction into the UNAS fellowship, Professor Edward Bbaale was nominated by Dr. Ibrahim Mike Okumu, an Associate Professor and Dean at the School of Economics at Makerere University. The nomination was seconded by Professor Ronald Bisaso, the Deputy Principal of the College of Education and External Studies at Makerere University. Their endorsement highlighted Professor Bbaale’s distinguished academic record, strategic leadership, and impactful contribution to research and economic policy, which have significantly shaped higher education and national development discourse.
Presentation of Professor Edward Bbaale for Induction:
Professor Ronald Bisaso said: “I have the honour to present to you-Professor Edward Bbaale for Induction.”
Edward Bbaale is a Professor of Economics, with research focusing on development microeconomics, holding a PhD in Economics from Johannes Kepler University of Linz, Austria, and both a Master’s and Bachelor’s in Economics from Makerere University. Professor Bbaale, the Principal of CoBAMS, has previously served as Director of Research and Graduate Training, Dean of the School of Economics at Makerere University, and currently leads the Environment for Development Center, the Public Investment Management Center of Excellence, and coordinates the Inclusive Green Economy Program. He also serves as Council Member and Chair of the Humanities and Social Sciences Committee of the Uganda National Council for Science and Technology (UNCST), and as Council Member of Makerere University Business School (MUBS).
“His research focuses on development microeconomics, with over 50 publications in peer-reviewed journals. He has undertaken numerous research projects in collaboration with government and international agencies and has made significant contributions to resource mobilization through competitive grant writing, research support, training, and policy engagement initiatives that advance science and development in Uganda and beyond.
Professor Bbaale commits to advancing research, innovation, scholarship and mentorship:
Following his induction, Professor Edward Bbaale expressed profound gratitude for the honor of being admitted as a UNAS Fellow. He described the recognition as both humbling and deeply inspiring, thanking his nominator, seconder, and the entire UNAS leadership for the confidence and trust they had bestowed upon him. Professor Bbaale noted that being named a Fellow was not merely a personal achievement, but a reaffirmation of his lifelong commitment to advancing the frontiers of knowledge through research, innovation, and mentorship.
Professor Bbaale reflected on the significance of the honor as a renewed responsibility to contribute even more meaningfully to Uganda’s scientific and socio-economic transformation. He emphasized that the role of scientists extends beyond academia, underscoring the need to apply research and evidence-based insights to address real societal challenges and inform national policy.
Professor Bbaale pledged to continue fostering a culture of inquiry, collaboration, and excellence among emerging scholars, particularly those in the fields of economics, development, and public policy. He thus dedicated his induction to the next generation of scientists, affirming his commitment to guide and empower them to use science and knowledge as powerful tools for national progress and sustainable development.
“I am greatly humbled for this honor. To me, this confidence and trust is a unique call to contribute more in science and research, and also to nurture and build up the next generation of scientists,” stated Professor Bbaale.
UNAS Fellows tasked to be agents of national and community development:
The President of the Uganda National Academy of Sciences (UNAS), Professor Grace Bantebya Kyomuhendo, congratulated the newly inducted Fellows and officially welcomed them to the Academy, urging them to remain active and committed to advancing science and service to society. She commended the new Fellows for their remarkable achievement, noting that induction into UNAS is both an honor and a responsibility.
“Having accepted and signed our book of records, I officially congratulate and welcome you as new Fellows of the Uganda National Academy of Sciences . May you always remember this occasion and strive to live up to the aims and ideals of this Academy in all your professional and personal endeavors,” said Prof. Bantebya Kyomuhendo.
Professor Bantebya Kyomuhendo reminded the new fellows that the honor of induction carries the enduring responsibility to use their knowledge and influence to serve the country and uplift their communities, “After being inducted as members of UNAS, please remain in touch and active. As UNAS, we want to use science to serve our country and our communities. We must give back to society,” she urged.
UNAS President highlights the importance of trust, core responsibilities and obligations:
Reflecting on the UNAS Annual Scientific conference theme, “Renewal from Our Roots: Uganda’s Path to Self-Reliance and Self-Sufficiency,” Professor Bantebya Kyomuhendo encouraged participants to draw strength from Uganda’s cultural and intellectual heritage, noting that the nation already possesses within itself the foundation for growth through its culture, heritage, and shared history, which she said form the roots from which self-reliance and self-sufficiency can be nurtured.
She underscored the importance of trust as a cornerstone for development and progress. “The concept of trust has come up a lot — trust at individual, family, community, and national levels. As we move forward, we must build and strengthen trust, for it is through trust that we can harness the potential within us and the resources around us,” she said.
Professor Bantebya Kyomuhendo outlined to the newly inducted fellows the core responsibilities and obligations that come with being a Fellow of the Academy. She highlighted that fellowship is both an honor and a responsibility, requiring dedication to scientific excellence, ethical leadership, and service to the nation. She emphasized that Fellows must uphold the UNAS Constitution, contribute to the Academy’s mission, vision and objectives. She urged them to remain active in their fields, participate in Academy activities, maintain high standards of conduct, and foster positive relationships within the scientific community and the public.
UNAS Vice President elaborates the quality assurance measures for selection of Fellows:
Speaking about the induction process, Dr. Mary Goretti Nakabugo, the UNAS Vice President articulated the thorough and transparent procedure followed in identifying and approving new Fellows. She explained that the Fellows and Membership Committee, guided by the UNAS Constitution, works closely with the Secretariat to open a window for nominations, during which existing members propose qualified candidates who meet the set criteria. She noted that each nomination is supported by a nominator and a seconder and accompanied by detailed documentation demonstrating the nominee’s qualifications and contributions.
“When we advertise, members of UNAS nominate those who are eligible to become inductees. We have a nomination form that outlines all the criteria and requirements for one to be considered. This form is filled by the nominee, with the assistance of the nominator, and it is usually supported by a seconder. Once the documentation is complete, it is submitted to us,” the Vice President explained.
She extended her appreciation to the Secretariat and organizing team for their dedication in ensuring the success of the UNAS Annual Scientific conference and induction ceremony. She lauded the excellent panels, engaging discussions, and the spirit of collaboration that characterized the event, emphasizing that it was through collective effort that the meeting had been successful.
Business & Management
Brewing Innovation: 9th Annual Youth Expo showcases enterprises in Uganda’s coffee value chain
By Ritah Namisango and Monica Meeme
On 17th October 2025, the Makerere University Freedom Square was a beehive of activity as over 600 students from the College of Business and Management Sciences (CoBAMS) participated in the 9th Annual Innovation and Youth Expo.
Organized by the Makerere University Entrepreneurship and Outreach Centre, the 2025 Innovation and Youth Expo, focused on Uganda’s most strategic Agricultural sector – COFFEE.
Under the theme, Brewing Prosperity: Youth Entrepreneurship in Uganda’s Coffee Value Chain, student entrepreneurs exhibited more than 300 innovations including youth coffee brands, brewing demonstrations, agri-tech prototypes, live cupping sessions, among others.
The Youth Expo focused on amplifying youth-led innovations across the entire coffee value chain—from farm to cup, providing a hands-on, interactive platform for young entrepreneurs to exhibit their products, prototypes, and business ideas, while engaging directly with industry stakeholders.
By placing the youth at the center of the value chain, the Youth Expo demonstrated the untapped potential of innovation, creativity, and enterprise among Uganda’s next generation of entrepreneurs.
Student innovations for real-world impact:
The Director of the Makerere University Entrepreneurship and Outreach Centre, Dr. Sarah Bimbona, urged students to view their innovations not just as academic projects, but as the starting point for real-world impact.
“These innovations should not just end here or be seen as projects for marks. Continue nurturing those dreams, take them further, and make them a reality,” she advised.
She recognized the critical role of faculty and mentors, specifically appreciating them for their tireless support in guiding students through their innovation undertakings.
Dr. Bimbona emphasized the importance of linking academic learning with practical enterprise, highlighting that student-led innovations have the potential to create meaningful economic and social change.
Students encouraged to embrace entrepreneurship:
The Dean, School of Business, Associate Professor Godfrey Akileng specified that entrepreneurship is one of the flagship initiatives of the College of Business and Management Sciences. He encouraged the students to seize the moment. “This is your opportunity to showcase your innovations, to interact with industry players, and to change your mindset from job-seekers to job creation,” he said. “Let the entrepreneurship Expo awaken a new spirit in you-one that says-yes, I can make it.”
Associate Professor Akileng cited the story of Bill Gates as an example of what determination and innovation can achieve, reminding the students that greatness often starts from simple beginnings. “There is no reason we cannot build something extraordinary from coffee and other local products,” he stated, emphasizing the value of entrepreneurship in national transformation.
The Dean, School of Business, expressed deep appreciation to the industry partners for their collaboration and generosity. “You have invested time, knowledge and financial support to be here. Thank you for supporting the Entrepreneurship Congress and Expo,” he remarked.
BRAC Uganda participates in the Expo:
The Communications Officer of BRAC Uganda, Ms. Barbra Ampaire, stressed that BRAC aims to equip youth with the tools and knowledge to discover and maximize their potential.
“We have supported thousands of youth through tailored programs in areas such as tailoring, livestock farming, agribusiness, financial literacy, and value addition. These initiatives are supported not just with training, but also with seed capital, equipment, and ongoing mentorship,” she said.
Ms. Ampaire noted that Makerere University, being a hub for students and young innovators, aligns perfectly with BRAC’s focus on empowering youth while they are still developing their ideas and ambitions.
A case for domestic consumption and local processing:
One of the participants from the BRAC Scholar Transition Fund, Mr. Godwin Birungi, emphasized the need for domestic consumption and local processing, highlighting that exporting raw coffee reduces employment opportunities and stunts economic growth.
“When we consume and process our coffee locally, we not only improve public health, but also create jobs and stimulate our economy.”
He encouraged young entrepreneurs to embrace patience, maintain consistency in their efforts, and stay focused on their goals, emphasizing that building a successful and sustainable business is a gradual process that requires dedication and resilience.
“Building a sustainable business takes time. Many successful entrepreneurs spent over a decade before making a profit. Find your passion, refine your strategy, and stay the course.” he said.
Student entrepreneurs speak out:
The Marketing Manager of Victory Cakes students’ enterprise, Ms. Keziah Nasenga, explained that the team offers two main product variations including coffee cupcakes with icing and those without, catering to different customer preferences.
She noted that the cupcakes are crafted using brewed coffee mixed with hot water, then blended with traditional baking ingredients such as flour, vanilla, and other flavor-enhancing components.
A student from the Ring Hair Stimulator group, Ms. Martha Alwe, said their product is a premium hair care solution designed to promote healthy hair growth, prevent breakage and hair loss in women, and enhance beard growth in men through a specialized beard oil.
“The full product line includes beard growth oil, hair shock treatment, hair spray, leave-in conditioner, and hair growth shampoo each carefully developed to address a wide range of hair care needs with quality and effectiveness,” she said.
The Marketing Manager of the team of Coffee Cupcake, Ms. Catherine Nasaazi, explained that the shampoo is enriched with sodium benzoate, tea tree oil, and other ingredients.
Precursor to the Youth Expo:
The 3rd Uganda Entrepreneurship Congress held on 16th October 2025 at Makerere University Yusuf Lule Central Teaching Facility Auditorium, provided a perfect transition into the 9th Annual Makerere University Youth Expo held on 17th October 2025 at the Freedom Square.
During the Uganda Entrepreneurship Congress, students listened to lived experiences and case presentations from young, mid-level and senior entrepreneurs. The panelists who discussed topics on Market Readiness, Value Addition and Story Telling, as well as, Financing the Future, enlightened the students and upcoming entrepreneurs to creating impact, access to markets and capital, and breaking the barriers in a competitive world.
The students gained valuable knowledge from the Chief Guest-Mr. Odrek Rwabwogo, Chair of the Presidential Advisory Committee on Exports and Industrial Development, and the Keynote Speaker- Mr. Moses Nyabila, CEO of aBi Development Ltd.
Mr. Rwabwogo challenged the young entrepreneurs to think beyond Uganda’s borders, when he highlighted that true entrepreneurship lies in producing goods that can compete on the international market.
“When you build a business that can sell in another person’s market, you are a hero or heroine because what you have done is disrupting the status quo, which praises imports over exports. In this country, for instance in Kikuubo business area, you hear statements such as my container is about to reach Uganda, and not my container is leaving the yard in Uganda and is taking avocado to Spain or another country. I want the language to change.”
Partners of the Uganda Entrepreneurship Congress and Youth Expo: Makerere University (Mak), Ministry of Agriculture, Animal Industry and Fisheries (MAAIF), National Coffee Research Initiative (NaCORI), BRAC Uganda, Tooke, Mastercard Foundation Scholars Program at Makerere University, Vision Group, Mountain Harvest, Pepsi, Rainforest Alliance, Sumz, and the Banana Industrial Research & Development Centre.
Writers: Ritah Namisango, Principal Communication Officer at Makerere University & Monica Meeme, a student of Bachelor of Journalism and Communication at Makerere University.
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