The Vice Chancellor of Makerere University Prof. Barnabas Nawangwe on Tuesday 26^th August 2025 hosted a delegation from Stanbic Bank to strengthen their longstanding relationship and explore future collaborations. The delegation, led by the Executive Director of Stanbic Bank, Mr. Samuel Mwogeza, included senior officials such as the Head of Personal Banking, Mr. Israel Arinaitwe, the Head of Affluent & Private Banking, Mr. Kiwanuka Arthure, and the Head of Client Coverage, Mr. Samuel Bulenzi.

In attendance were; the Acting (Ag) Deputy Vice Chancellor (Academic Affairs)-Prof. Buyinza Mukadasi, Ag. Deputy Vice Chancellor (Finance and Administration)-Prof. Winston Tumps Ireeta, University Secretary-Mr. Yusuf Kiranda, Principal College of Agricultural and Environmental Sciences (CAES) and Chair Intellectual Property Management Board-Prof. Gorettie Nabanoga, Dean of Students-Dr. Winifred Kabumbuli, Chair Convocation-Mr. George Turyamureeba, Manager Makerere University Innovation Pod (Mak UniPod)-Dr. Cathy Mbidde, Director Research Innovation and Partnerships (DRIP)-Prof. Robert Wamala, Chief Advancement Officer-Mr. Awel Uwihanganye, and Deputy Manager Mak UniPod-Dr. Margaret Nagwovuma.

Other members of the Stanbic delegation included the Manager Mortgage-Ms. Kairumba Damalie, CIB Relationships Manager-Mr. Baziwe Alan, Stanbic Branch Manager Makerere-Mr. Hasule Umaru, Relationship Manager-Mr. Kali Ronald Kali, and Manager Business-Mr. Eric Kalayi.

Stanbic Bank has been a significant partner to the university, supporting digitization through the provision of computers under the Laptop Loan Scheme Agreement and funding several projects including the Albert Cook Library renovation and Makerere’s centennial celebrations. The two institutions have an existing Memorandum of Understanding (MoU), which is due for renewal this year.

In his remarks, the Vice Chancellor, Prof. Barnabas Nawangwe, noted that the university has undergone remarkable transformation, moving away from the state it was in decades ago. He emphasized Makerere’s deliberate shift towards research and innovation as a core mission, driven by the need to contribute to Uganda and Africa’s prosperity and stability in line with global development trends. He highlighted challenges such as climate change, rapid population growth, and especially youth unemployment, which he described as the most pressing factor in determining the continent’s stability. To address these, he explained, the university is focusing on research into food security, drought-resistant crops, and improved agricultural productivity.

Prof. Nawangwe proposed investment opportunities and collaborations with the bank, particularly in the commercialization of innovations and infrastructure. He stressed that such partnerships would not only support investment but also build capacity for the future generation of citizens.

Adding to his voice, the DVCAA, Prof. Mukadasi Buyinza, said the university seeks to transform research into products ready for the market. “We are good in science but we want to commercialise,” he emphasized.

The University Secretary, Mr. Yusuf Kiranda, appealed to the bank to provide staff with resources that go beyond loan facilities. He also advocated for the solution to the University’s many accounts so as to ease transactions and monitoring.

Prof. Goretti Nabanoga invited Stanbic to partner with the university on Corporate Social Responsibility initiatives, especially tree planting. She noted that Makerere is recognized as a “green campus” and such an initiative would enhance both the bank’s carbon footprint and visibility. She also encouraged investment in student accommodation, an idea supported by the Dean of Students, Dr. Winifred Kabumbuli. Dr. Kabumbuli stressed that with only 10% of students in residence, 90% remain in need of housing. She added that such an investment would be mutually beneficial, as enrolled students would likely become loyal clients of the bank.

On her part, Dr. Cathy Mbidde, reported that the university generates numerous research outputs and innovations, with student and staff ideas developed into tangible products and services in the Mak UniPod maker spaces. However, she pointed out that scaling prototypes into large-scale commercial products remains a challenge. She highlighted at least five student companies already registered, including one developing a syrup for malaria treatment that has passed clinical trials and regulatory approvals. She appealed for support to commercialize such innovations to prevent innovators from being limited to selling on a small scale.

In his response, Mr. Mwogeza described the partnership with Makerere as “returning home,” commending the university’s leadership for pivoting towards commercialization, which he recognized as key for sustainability. He identified practical skilling as a critical intervention to address youth unemployment and outlined Stanbic Bank’s main focus areas as women in enterprise, agriculture, and youth empowerment. He further pledged the bank’s support towards completing the university’s indoor stadium as requested by management. He also underscored the role of the bank in supporting institutions with both financial and social capital, noting readiness to contribute to student accommodation and to leverage Makerere’s alumni network.  

During the discussions, members of the Stanbic delegation recommended that the partnership also focus on business coaching and financial literacy, debt management, wealth transfer, and broader financial education. It was noted that equipping both students and staff with these skills would not only foster responsible financial behavior but also prepare graduates to better navigate personal and business finances, thereby contributing to long-term stability and prosperity. Stanbic Bank reaffirmed its long-standing partnership as the primary banker of the university, having supported various initiatives including a UGX 150 million donation towards Makerere’s centenary celebrations in 2022.