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Exploring Africa’s Growth and Global Challenges: Participants rallied on effective utilization of resources, and adoption of green economy strategies

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By Ritah Namisango and Monica Meeme

On 19th August 2025, the College of Business and Management Sciences (CoBAMS) at Makerere University, hosted a public presentation titled Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges.”

Dr. Paul Mpuga, a visiting Scholar and Division Manager for Microeconomic Policy, Debt Sustainability, and Forecasting in the Economic Governance and Knowledge Management Vice-Presidency of the African Development Bank Group, delivered the presentation, which attracted both physical and virtual participants, comprising researchers, teaching staff, graduate, and undergraduate students.

The presentation covered critical topics including: Regional differences in growth performance and outlook, Inflation in Africa, Opportunities and Challenges to growth, emerging risks, and key policy recommendations.

The presentation provided valuable insights into the current economic challenges and opportunities facing Africa. His analysis highlighted the importance of sound policies, economic integration, and investment in key sectors such as education, infrastructure, and green growth. The discussion emphasized the need for collaboration among governments, the private sector, and academia to drive sustainable development and inclusive growth across the continent.

Associate Professor Faisal Buyinza. Presentation: “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges” by Dr. Paul Mpuga, a visiting Scholar and Division Manager for Microeconomic Policy, Debt Sustainability, and Forecasting in the Economic Governance and Knowledge Management Vice-Presidency of the African Development Bank Group, 19th August 2025, Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Associate Professor Faisal Buyinza.

Welcoming the participants, Associate Professor Faisal Buyinza, the Acting Dean of the School of Economics, emphasized that Dr. Mpuga’s work is significant not only for his academic contributions, but also for his role as a mentor, having taught and influenced many of the current faculty members.

“His impressive career journey, which began at the World Bank’s Kampala office and later took him to Ethiopia and other countries, reflects his deep expertise in key economic roles across the continent,” said Associate Professor Buyinza. He disclosed that Dr. Mpuga’s extensive experience has significantly contributed to the development of macroeconomic design and policy skills, an asset particularly crucial as Uganda navigates current economic challenges.

In addition to his professional achievements, the Acting Dean of the School of Economics commended the humanitarian spirit of Dr. Mpuga, recalling how he used to share meals with street children in Uganda, reflecting his compassion and values beyond academia.

In his address, the College Principal, Prof. Edward Bbaale welcomed Prof. Mpuga back to Makerere University. “Dr. Mpuga is a former Lecturer. Today, he returns to the School of Economics, his academic home, to share with us, his versatile knowledge, experience and expertise on a topic crucial for Africa’s transformation,” said the Principal. He commended Dr. Mpuga’s decision to deliver the presentation, highlighting that such academic engagements are vital and should become a regular part of the College’s culture.

Prof. Edward Bbaale. Presentation: “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges” by Dr. Paul Mpuga, a visiting Scholar and Division Manager for Microeconomic Policy, Debt Sustainability, and Forecasting in the Economic Governance and Knowledge Management Vice-Presidency of the African Development Bank Group, 19th August 2025, Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale.

Reiterating the role of knowledge sharing and mentorship within the academic community, the Principal shared his personal testimony, acknowledging Dr. Mpuga’s pivotal role in his own academic journey. He recounted how Dr. Mpuga mentored him early in his career by including his name on a research project—an opportunity that opened doors to numerous collaborations, professional growth, and academic advancement.

The Principal called upon the staff and students present to embrace a culture of regular academic public presentations, such as lunch-hour sessions across the School of Economics, School of Business, and the School of Statistics and Planning. He noted the close connections between the disciplines, highlighting the potential for cross-disciplinary learning and collaboration.  The Principal emphasized that as Makerere University implements its research agenda, sustained academic engagement is a key defining aspect of this identity.

Prof. Bbaale affirmed the College’s support for such initiatives, including modest research grants that have already enabled the publication of around 70 research papers, soon to be compiled under the CoBAMS Working Paper Series.

Expressing the commitment to this strategic approach, the College Principal used the opportunity to introduce Dr. Peter Babyenda, a Lecturer at the School of Economics, who was appointed as the College’s Policy Engagement Coordinator to support academic activities.  Prof. Bbaale assured all in attendance of the maximum support for this initiative and encouraged active participation from everyone.

Dr. Peter Babyenda. Presentation: “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges” by Dr. Paul Mpuga, a visiting Scholar and Division Manager for Microeconomic Policy, Debt Sustainability, and Forecasting in the Economic Governance and Knowledge Management Vice-Presidency of the African Development Bank Group, 19th August 2025, Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Dr. Peter Babyenda.

Beginning his presentation, Dr. Paul Mpuga, Division Manager at the African Development Bank, offered a comprehensive overview of Africa’s economic realities, challenges, and opportunities. He emphasized that economic progress is not driven by sentiment, but by certainty, sound policies, and strategic investment.

Using a simple analogy, Dr. Mpuga explained that a baker doesn’t bake bread unless they are sure it will sell. In the same way, investors and entrepreneurs, will only take risks in economies where policy certainty and confidence are assured. He underscored the urgent need for policy coherence and economic stability, both globally and within African nations.

Reiterating the importance of Domestic Revenue Mobilization, Dr. Mpuga noted that Africa’s average tax-to-GDP ratio stands at just 17%—significantly lower than the 25–28% seen in more advanced economies such as South Africa and Botswana. These countries are able to finance up to 90% of their expenditures through domestic revenues, a target that many others on the continent still struggle to achieve.

He underscored the urgent need for reforms in tax systems and public finance management to reduce the over-reliance on external borrowing. “Africa requires an estimated $150–$170 billion annually for infrastructure development, yet currently mobilizes only about $80 billion, leaving a funding gap of $70–$100 billion,” he stated.

Dr. Paul Mpuga presents “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges.” Presentation: “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges” by Dr. Paul Mpuga, a visiting Scholar and Division Manager for Microeconomic Policy, Debt Sustainability, and Forecasting in the Economic Governance and Knowledge Management Vice-Presidency of the African Development Bank Group, 19th August 2025, Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Dr. Paul Mpuga presents “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges.”

Dr. Mpuga emphasized that infrastructure such as roads, energy, water systems, and transport is not a luxury, but a necessity for connecting production to markets and driving sustainable development.

He stated that youth unemployment remains alarmingly high, with 30–40% of African youth (aged 15–34) unemployed in some countries. “Many young people are not in education, employment, or training, leading to wasted talent and increasing social risks,” he highlighted. He emphasized the need for greater investment in skills development and education, noting that sustainable economic transformation depends on a well-equipped and empowered workforce.

Dr. Mpuga pointed out that economic integration and managed migration are strategies that can boost GDP growth, enhance policy stability, and reduce export concentration.

He noted that, despite being one of the regions most affected by climate change, Africa has made limited progress in green growth investments. “The continent is rich in natural resources, yet underutilized in terms of climate-smart development,” he stated.

Presentation: “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges” by Dr. Paul Mpuga, a visiting Scholar and Division Manager for Microeconomic Policy, Debt Sustainability, and Forecasting in the Economic Governance and Knowledge Management Vice-Presidency of the African Development Bank Group, 19th August 2025, Conference Room, Level 2, Block B, College of Some of the staff that attended the presentation. Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Some of the staff that attended the presentation.

He indicated a major opportunity gap, when he disclosed that the global green economy is valued at an estimated $3 trillion, but Africa’s private sector participation stands at only 14%.

He advocated for greater private sector involvement, the adoption of green infrastructure practices, and natural capital accounting to help African countries value, protect, and benefit from their resources.

For Africa to realise inclusive growth, Dr. Mpuga highlighted the following practical policy recommendations:

  • Improving fiscal transparency and efficiency
  • Strengthening tax administration using digital tools
  • Aligning monetary and fiscal policy, especially around inflation targeting
  • Building foreign reserves to cushion against shocks
  • Ensuring debt is used for productive investments such as energy and infrastructure
  • Accelerating structural reforms and economic diversification
  • Promoting integrated infrastructure planning (for instance roads with energy and ICT links)
  • Investing in value addition and agro-processing to uplift rural economies
Part of the audience. Presentation: “Africa’s Growth Trends and Prospects in Light of Evolving Global Challenges” by Dr. Paul Mpuga, a visiting Scholar and Division Manager for Microeconomic Policy, Debt Sustainability, and Forecasting in the Economic Governance and Knowledge Management Vice-Presidency of the African Development Bank Group, 19th August 2025, Conference Room, Level 2, Block B, College of Business and Management Sciences (CoBAMS), Makerere University, Kampala Uganda, East Africa.
Part of the audience.

Using a humorous reference to Uganda’s famous grasshopper delicacies, Dr. Mpuga illustrated the need for economic transformation, saying, “We need to move beyond traditional activities and create value chains that can package and export even local foods globally. We shouldn’t be running to donors every day when we sit on so much wealth,” he noted. “Let us value what we have, manage it well, and build a prosperous, united, and green Africa.”

Responding to the questions, Dr. Mpuga emphasized the importance of formalizing economies, strengthening trade links, and building public confidence through sound policy frameworks such as inflation targeting and social contracts. He cautioned against excessive reliance on Artificial Intelligence in academic and professional settings. “AI can be useful for checking work or assisting with calculations, but it cannot replace human thought, creativity, or critical reasoning,” he advised.

Dr. Mpuga mentioned the need for better monitoring and maintenance systems, such as ensuring broken streetlights are tracked and fixed, drawing attention to practical governance concerns that affect everyday life.

 Monica Meeme contributed to this story as a Guest Writer

Ritah Namisango
Ritah Namisango

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The Gambia Benchmarks Makerere’s Public Investment Management Model

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Prof. Edward Bbaale and Prof. Eria Hisali pose for a group photo with Mr Baboucarr Jobe, his delegation and officials on 28th August 2026. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.

The Gambia is looking to deepen its public investment management (PIM) systems by drawing lessons from Uganda, with a high-level delegation from the West African country visiting Makerere University’s Public Investment Management (PIM) Centre of Excellence to benchmark Uganda’s experience.

The delegation, led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, visited Makerere University’s Public Investment Management (PIM) Centre of Excellence to learn from Uganda’s approach to project conceptualisation, appraisal, implementation, monitoring and evaluation.

The visit is part of wider reforms being undertaken by The Gambia to strengthen its economic, judicial and institutional systems, with public investment management identified as a critical area for improvement.

Speaking during the visit, Mr Jobe said The Gambia had embarked on PIM reforms in collaboration with the International Monetary Fund (IMF), which advised the country to benchmark its systems against countries with relevant experience.

“Several countries were recommended, but we ultimately chose Uganda. I am happy to say that we are glad we selected Uganda for this assignment,” he said.

He noted that although the delegation initially intended to focus specifically on public investment management, the visit had exposed them to broader areas with potential for cooperation between Uganda and The Gambia.

The delegation also visited Makerere University’s Innovation Centre, where it explored initiatives that could support collaboration between the two countries in advancing economic development.

Mr Jobe said institutions in The Gambia, including the University of The Gambia and the Civil Service University, could potentially collaborate with Makerere University and its Innovation Centre.

Closing gaps in public investment

Mr Jobe identified project conceptualisation, project evaluation, project implementation, monitoring and evaluation as some of the major gaps in The Gambia’s public investment management system.

He said the delegation was particularly impressed by Uganda’s systematic approach to managing public investments and the collaboration among institutions involved in the process.

Mr Baboucarr Jobe. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Mr Baboucarr Jobe.

“What has impressed us in Uganda is the manner in which the public investment management process is carried out step by step,” he said.

The Gambian delegation also observed collaboration among key government institutions, including the Ministry of Finance, Office of the Prime Minister, Office of the President and other stakeholders.

Mr Jobe said such institutional collaboration was an important lesson that The Gambia would seek to replicate.

The delegation had an opportunity to participate in a Development Committee meeting, where they observed how different government offices work together to advance Uganda’s development priorities.

Makerere Centre plays key role

The visit was hosted by the Public Investment Management Centre of Excellence, which is integrated into Uganda’s broader public investment management system.

Prof. Edward Bbaale welcomed the Gambian delegation and said the visit provided an opportunity for peer learning and exchange of practical experiences between the two countries.

He said countries were at different stages of strengthening their public investment systems, making peer learning an important avenue for identifying approaches that could be adapted to different institutional contexts.

Prof. Edward Bbaale. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale.

“We hope to share not only what has worked well, but also some of the challenges we have encountered and the lessons we have drawn from them,” Prof. Bbaale said.

He encouraged the delegation to engage openly with the Makerere team, ask questions and share their own experiences to ensure that the benchmarking exercise was practical and mutually beneficial.

Building capacity for better investments

Prof. Eria Hisali, who presented an overview of the Centre, emphasised the importance of strengthening public investment systems to ensure that limited public resources are used effectively.

He explained that capital investments remain a key driver of economic growth, but governments often face resource constraints that make it impossible to implement every proposed project.

A strong public investment management system, he said, enables governments to assess and select projects based on their potential returns and development impact.

The Centre aims to support this process by building a pool of well-prepared projects at different stages of development, enabling government to make informed decisions about which projects to finance and implement.

Prof. Eria Hisali (L) presents Makerere's Souvenir Coffee Table Book to Mr Baboucarr Jobe (R). Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Eria Hisali (L) presents Makerere University‘s Souvenir Coffee Table Book to Mr Baboucarr Jobe (R).

The PIM Centre of Excellence was established with support from the Foreign, Commonwealth and Development Office (FCDO), the UK Trust Fund and the Government of Uganda. It initially operated as a project before being mainstreamed into the Government of Uganda, with its resources now coming directly from government.

Since its establishment, the Centre has trained 526 public-sector officials in areas related to public investment management.

Its training programmes cover key stages of the PIM cycle, including project conceptualisation, integrated analysis, feasibility studies, financial and economic appraisal, risk analysis, project execution, procurement and evaluation.

Strengthening South–South cooperation

For Mr Jobe, the visit was also an opportunity to challenge the tendency of African countries to look outside the continent for solutions to development challenges.

He argued that African countries operate in broadly similar environments and face many common challenges, making the continent an important source of knowledge and practical solutions.

“We need to move away from always looking outside Africa for solutions. There are many valuable initiatives being undertaken by our African brothers and sisters, and it is important that we learn from one another,” he said.

Prof. Eria Hisali takes the delegation on a brief guided tour of the Main Campus. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Eria Hisali takes the delegation on a brief guided tour of the Main Campus.

He proposed stronger partnerships between institutions in Uganda and The Gambia, including possible collaboration between universities and civil service training institutions.

“This visit is one step in that direction. South–South cooperation needs to be further strengthened,” he said.

Investing limited resources for greater impact

The Gambian delegation’s interest in public investment management is closely linked to the country’s development challenges.

According to Mr Jobe, The Gambia’s GDP is currently just under US$3 billion, with annual economic growth estimated at between five and six per cent. Inflation has declined significantly from double-digit levels to approximately seven per cent, although poverty remains high at more than 50 per cent.

He said strengthening public investment management was therefore essential to ensuring that the country’s limited public resources generate tangible benefits for citizens.

Prof. Edward Bbaale takes the delegation on a guided tour of the upcoming Makerere Museum. Public Investment Management (PIM) Centre of Excellence hosts high-level delegation from The Gambia led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, 28th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale takes the delegation on a guided tour of the upcoming Makerere Museum.

“This visit will help us ensure that public investment and the limited public resources available to us are utilised efficiently and provide benefits to the average Gambian,” he said.

He added that achieving value for money from public resources would enable citizens to experience greater benefits from government investments and contribute to poverty reduction. The visit marked an important step towards strengthening institutional cooperation between Uganda and The Gambia, while positioning Makerere University and its PIM Centre of Excellence as a potential partner in building public-sector capacity beyond Uganda.

Betty Kyakuwa
Betty Kyakuwa

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Makerere University Inaugural Conference on Noonomy Paves way for Centre of Excellence in Africa

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Seated L-R: Prof. Sarah Ssali, Mr. Sergey Lobanov-Head of Mission, Russian Embassy in Uganda, Prof. Nikolay D. Dmitriev, Prof. Edward Bbaale, Dr. Robert Ngobi, Mr. Davis Vuningoma and Prof. Ibrahim Mike Okumu with Dr. Peter Babyenda and CoBAMS Students (Standing) on 20th August 2026. College of Business and Management Sciences (CoBAMS) supported by the Makerere University Research and Innovations Fund (Mak-RIF) in collaboration with the Witte Institute for New Industrial Development and St. Petersburg Polytechnic University, Russia Conference on The Theory of Noonomy and its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation, 20th Aug 2026, Senior Common Room, Main Building, Makerere University, Kampala Uganda, East Africa

Makerere University on 20th August 2026, hosted the historic inaugural conference on the Theory of Noonomy, bringing together scholars, policymakers, international partners and students to explore a bold new paradigm for addressing modernity’s deepest crises. Organised by the School of Economics, College of Business and Management Sciences (CoBAMS) in collaboration with the S.Y. Witte Institute for New Industrial Development, St. Petersburg Polytechnic University, Russia and supported by the Makerere University Research and Innovations Fund (Mak-RIF), the conference was held under the theme “The Theory of Noonomy and Its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation.”

The event held in the Senior Common Room, Main Building underscored Makerere’s strategic commitment to thought leadership in Africa’s transformation, positioning the University as a continental hub for alternative development thinking.

Bold Thinking Amid Global Crises

Representing Vice Chancellor Prof. Barnabas Nawangwe, the Deputy Vice Chancellor in charge of Academic Affairs (DVCAA), Prof. Sarah Ssali described the gathering as both timely and historic.

“Across the globe, we continue to witness systemic crises rooted in market fundamentalism, unchecked resource depletion, and the ideology of growth for the sake of growth. These contradictions are not abstract, but they manifest in climate change, widening inequality, and the erosion of social cohesion” Prof. Ssali stated.

On this note, she lauded the Theory of Noonomy, developed by Prof. Sergey Bodrunov, as a transformative lens. She noted that Prof. Sergey Bodrunov’s Theory of Noonomy that prioritizes reason, humanistic values and solidarism, offers a sustainable path forward in the midst of global crises driven by market fundamentalism, resource depletion and endless growth, exacerbated by climate change, inequality, and social erosion. The Theory envisions a shift to a New Industrial Society of the Second Generation (NIS.2) where knowledge, technology, and human potential drive progress.

Prof. Sarah Ssali. College of Business and Management Sciences (CoBAMS) supported by the Makerere University Research and Innovations Fund (Mak-RIF) in collaboration with the Witte Institute for New Industrial Development and St. Petersburg Polytechnic University, Russia Conference on The Theory of Noonomy and its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation, 20th Aug 2026, Senior Common Room, Main Building, Makerere University, Kampala Uganda, East Africa
Prof. Sarah Ssali.

“Hosting this conference is not accidental,” Prof. Ssali affirmed, adding that it “Reflects our commitment to shaping debates that matter for Africa’s future.” She outlined the conference’s five core objectives: to introduce and contextualise Noonomy within Africa’s socio-economic realities; to explore solutions to systemic challenges such as inequality, resource scarcity and climate change; to identify pathways for integrating Noonomy principles into policy, education and institutional frameworks; to foster collaboration among scholars, policymakers and practitioners; and to lay the groundwork for establishing a Noonomy Centre at the School of Economics, CoBAMS.

She added that once established, the Centre will serve as a hub for continental dialogue, research, and innovation, hence positioning Makerere and her partners to “transform the theory of Noonomy into a living agenda for Africa, that prioritizes knowledge, human potential, and sustainable transformation”.

Noonomy’s Emphasis of Knowledge as the Primary Productive Force

Prof. Sergey Bodrunov, Director of the S.Y. Witte Institute and author of the theory, addressed the conference virtually and underscored Noonomy’s relevance in an era of technological power that can either destroy or elevate humanity. He argued that neoliberal models have entrenched inequality and ecological crises, while the gradual removal of humans from direct material processes open a path to a non-economic mode of satisfying rational human needs.

Prof. Sarah Ssali (L) and Prof. Nikolay D. Dmitriev (R) and member of the delegation from Russia (C). College of Business and Management Sciences (CoBAMS) supported by the Makerere University Research and Innovations Fund (Mak-RIF) in collaboration with the Witte Institute for New Industrial Development and St. Petersburg Polytechnic University, Russia Conference on The Theory of Noonomy and its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation, 20th Aug 2026, Senior Common Room, Main Building, Makerere University, Kampala Uganda, East Africa
Prof. Sarah Ssali (L) and Prof. Nikolay D. Dmitriev (R) and member of the delegation from Russia (C).

Additionally, Prof. Nikolay Dmitriev, Director of the S.Y. Witte Institute expanded on the practical implications for Africa. He stressed that technological sovereignty must be pursued without repeating the dependency traps of earlier industrialisation. Cognitive technologies, he noted, can either subordinate humans to the technosphere or place technology in service of human potential. On the other hand, he noted that Africa’s rapid demographic growth and cultural diversity make it a critical laboratory for Noonomy’s application.

Panel Scrutinizes Noonomy under the lens of Ugandan Realities

Moderating the high-level panel, the Principal CoBAMS, Prof. Edward Bbaale, set the stage with a question on the Ugandan context: Can the country move from a technology-consuming economy to a knowledge-producing one while remaining human-centred and inclusive? He outlined three tests any technology adoption should pass under a Noonomy lens; productivity, human development, and inclusion.

“The first test is the productivity test. Does it improve what society can produce? The second test is the human development test. Does it expand skills, creativity, capabilities, and quality of life? And then number three, the inclusion test. Are its benefits widely spread, or does it deepen exclusion?” Prof. Bbale pondered, as he equally thought to interrogate how the theory aligns with Uganda’s tenfold growth strategy and National Development Plan IV.

Panellists included Prof. Robert Wamala-Director of Research, Innovations and Partnerships (DRIP), Makerere University, Dr. Robert Ngobi-Director Policy Research, National Planning Authority (NPA), Mr. Davis Vuningoma who represented Dr. Albert Musisi-Commissioner Macroeconomic Department, Ministry of Finance, Planning and Economic Development (MoFPED) and Prof. Nikolay D. Dmitriev. Discussions centred on mainstreaming knowledge as a productive force in national planning, financing long-term knowledge-intensive capabilities, and ensuring industrialisation expands rather than displaces human potential.

Prof. Wamala emphasised the need to Africanise the theory, “We should not simply import the concept… Our role should be to interrogate, Africanise and generate evidence on what a knowledge and intelligence-driven economy means in the African context.” He proposed an interdisciplinary research programme, curriculum transformation from knowledge transmission to intelligence development, and the creation of an African Noonomy network led by Makerere.

L-R: Prof. Edward Bbaale with Panelists-Mr. Davis Vuningoma, Dr. Robert Ngobi, Prof. Robert Wamala and Prof. Nikolay D. Dmitriev. College of Business and Management Sciences (CoBAMS) supported by the Makerere University Research and Innovations Fund (Mak-RIF) in collaboration with the Witte Institute for New Industrial Development and St. Petersburg Polytechnic University, Russia Conference on The Theory of Noonomy and its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation, 20th Aug 2026, Senior Common Room, Main Building, Makerere University, Kampala Uganda, East Africa
L-R: Prof. Edward Bbaale with Panelists-Mr. Davis Vuningoma, Dr. Robert Ngobi, Prof. Robert Wamala and Prof. Nikolay D. Dmitriev.

Dr. Ngobi in his submission noted that although the principles of Noonomy are already addressed by aspects of developing planning, he pointed to the need to address a series of “missing middles” attributed to: reliable and well-costed electricity supply to support hi-tech industries; infrastructure in form of roads, digital infrastructure; seamless interconnectivity in the form of mass rapid transport systems for people and goods; mass education systems; mass health systems that are not only sensitive to local diseases but also viable for medical tourism; as well as knowledge research and innovation informed by national priorities.

Addressing financing of national development priorities, Mr. Vuningoma emphasised the Government appreciation of the need to fund Science, Technology and Innovation (STI) as a pillar for economic transformation. As such he shared that over UGX 1 Trillion had been allocated to the STI sector to support innovations particularly in health.

Prof. Dmitriev on his part addressed the research topics that should become priorities for the first stage of cooperation between Makerere University and the World Association of Noonomy and the S.Y. Witte Institute of Noonomy and New Industrial Development.

Questions from the floor and online participants focused on inclusivity of youth and women, reconciliation of Artificial Intelligence (AI) with African cultural values and indigenous knowledge, and mechanisms to prevent elite capture of automated production. Panelists stressed that Noonomy’s emphasis on solidarity and human-centred development provides the ethical foundation for addressing these concerns through joint research.

Courtesy Call on the Vice Chancellor

Key on the agenda of the visiting delegation was a courtesy call on the Vice Chancellor, Prof. Barnabas Nawangwe. In his remarks, Prof. Nawangwe thanked Prof. Sergey D. Bodrunov, author of the Theory of Noonomy and Prof. Dmitriev for choosing Makerere out of all African Universities as partner in advancement of future collaborations and research. He added that setting up a Centre of Excellence in Noonomy at the School of Economics would bolster the University’s aspirations to become Africa’s thought leader in knowledge generation for societal transformation and development.

Prof. Barnabas Nawangwe shakes hands with Prof. Nikolay D. Dmitriev. College of Business and Management Sciences (CoBAMS) supported by the Makerere University Research and Innovations Fund (Mak-RIF) in collaboration with the Witte Institute for New Industrial Development and St. Petersburg Polytechnic University, Russia Conference on The Theory of Noonomy and its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation, 20th Aug 2026, Senior Common Room, Main Building, Makerere University, Kampala Uganda, East Africa
Prof. Barnabas Nawangwe shakes hands with Prof. Nikolay D. Dmitriev.

Transitioning from Dialogue to Institutional Action

In his closing remarks, Dean of the School of Economics, Prof. Ibrahim Mike Okumu described the conference as the start of a sustained institutional relationship rather than a one-off event. He committed the School to developing a concrete research agenda with named outputs and timelines, including joint studies on automation and labour markets in African economies, doctoral exchanges, and empirical testing of Noonomy claims against Ugandan and East African data.

“Let us treat Noonomy as a diagnostic, not a blueprint,” Prof. Okumu urged. “Its greatest value to us is not a policy program awaiting adoption, but a lens sharpening the questions our own planners must answer directly. How do we build human and creative capacity alongside industrial capacity rather than after it? How does this school develop a research agenda that studies Uganda’s own transition rather than import a finished framework wholesale?” he pondered.

Prof. Barnabas Nawangwe (2nd L) and Prof. Nikolay D. Dmitriev (2nd R) with Prof. Ibrahim Mike Okumu (R) and Ms. Ritah Namisango (L) during the courtesy call. College of Business and Management Sciences (CoBAMS) supported by the Makerere University Research and Innovations Fund (Mak-RIF) in collaboration with the Witte Institute for New Industrial Development and St. Petersburg Polytechnic University, Russia Conference on The Theory of Noonomy and its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation, 20th Aug 2026, Senior Common Room, Main Building, Makerere University, Kampala Uganda, East Africa
Prof. Barnabas Nawangwe (2nd L) and Prof. Nikolay D. Dmitriev (2nd R) with Prof. Ibrahim Mike Okumu (R) and Ms. Ritah Namisango (L) during the courtesy call.

He announced Makerere’s forthcoming participation in the World Association of Noonomy Congress in Italy and reiterated the University’s determination to establish the proposed Noonomy Centre as a hub for continental dialogue, research and innovation.

The conference concluded with exchanges of gifts, group photographs and expressions of gratitude to partners including the Government of Uganda through Mak-RIF, the Russian Embassy, and the S.Y. Witte Institute.

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Makerere University launches two taught PhD Programmes in Management, Accounting and Finance

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Prof. Sarah Ssali and Assoc. Prof. Godfrey Akileng with CoBAMS Staff and the first cohort PhD Students at the launch on 4th August 2026. Launch of two taught Doctor of Philosophy (PhD) programmes namely: PhD in Management (by coursework) and PhD in Accounting and Finance (by coursework) by School of Business at the College of Business and Management Sciences (CoBAMS), 4th August 2026, Makerere University, Kampala Uganda, East Africa.

“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.

Prof. Sarah Ssali, Makerere University Deputy Vice Chancellor for Academic Affairs. Launch of two taught Doctor of Philosophy (PhD) programmes namely: PhD in Management (by coursework) and PhD in Accounting and Finance (by coursework) by School of Business at the College of Business and Management Sciences (CoBAMS), 4th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Sarah Ssali, Makerere University Deputy Vice Chancellor for Academic Affairs.

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

Prof. Edward Bbaale, Principal of College of Business and Management Sciences. Launch of two taught Doctor of Philosophy (PhD) programmes namely: PhD in Management (by coursework) and PhD in Accounting and Finance (by coursework) by School of Business at the College of Business and Management Sciences (CoBAMS), 4th August 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Edward Bbaale, Principal of College of Business and Management Sciences.

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

Assoc. Prof. Godfrey Akileng, Dean of the School of Business giving his remarks. Launch of two taught Doctor of Philosophy (PhD) programmes namely: PhD in Management (by coursework) and PhD in Accounting and Finance (by coursework) by School of Business at the College of Business and Management Sciences (CoBAMS), 4th August 2026, Makerere University, Kampala Uganda, East Africa.
Assoc. Prof. Godfrey Akileng, Dean of the School of Business giving his remarks.

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

A cross-section of the first cohort PhD Students who attended the launch. Launch of two taught Doctor of Philosophy (PhD) programmes namely: PhD in Management (by coursework) and PhD in Accounting and Finance (by coursework) by School of Business at the College of Business and Management Sciences (CoBAMS), 4th August 2026, Makerere University, Kampala Uganda, East Africa.
A cross-section of the first cohort PhD Students who attended the launch.

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.

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Ritah Namisango
Ritah Namisango

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