Kampala, Uganda – 25 February 2026

A delegation from Botswana’s public investments sector on 25^th February 2026 visited Makerere University’s Public Investment Management Centre of Excellence to benchmark its sustainable training model and draw lessons from Uganda’s well-established Public Investment Management (PIM) framework.

The team, composed of specialists in public investments, is exploring ways to strengthen capacity within Botswana’s public sector institutions. The delegation underscored the importance of structured and sustainable capacity-building programmes, noting that effective public investment management is central to driving national development and ensuring value for money in public projects.

During the engagement, the Botswana team sought to understand the Centre’s operational model, including how it designs and delivers training programmes that remain impactful over time. Particular interest was placed on the Centre’s approach to sustainable training delivery, the documentation of challenges and successes, and mechanisms used to ensure that public officers acquire long-term, practical skills that translate into improved project planning, appraisal, and implementation.

The visiting delegation commended Uganda’s commitment to institutionalizing PIM training and emphasized that cross-country learning is vital for strengthening public financial management systems across Africa. They observed that Uganda’s experience offers practical insights into building a resilient and responsive PIM framework anchored in continuous professional development.

As part of their recommendations, the delegation proposed the introduction of a hybrid training model to enhance accessibility for international participants. Under this approach, the theoretical components of PIM courses would be delivered online, allowing participants to engage remotely from Botswana and other countries. This would then be followed by in-person sessions in Uganda focused on hands-on, experiential learning at the Centre.

According to the delegation, such a model would significantly reduce travel costs and time while preserving the value of face-to-face practical training. The hybrid approach would also provide flexibility for busy public officers, enabling them to balance professional responsibilities with structured learning.

The visit further strengthened regional collaboration and reaffirmed the role of Uganda’s Public Investment Management Centre of Excellence as a hub for capacity development in public investment management across the continent.

26^th February 2026– The third day of Makerere University’s 76^th Graduation Ceremony, held on 26^th February 2026, underscored the University’s central role in shaping economic thought, business leadership, and public policy in Uganda and beyond. On this day, the College of Business and Management Sciences (CoBAMS) together with Makerere University Business School (MUBS) presented their graduands for the conferment of degrees and award of diplomas.

CoBAMS Graduation Statistics

Across the University, a total of 9,295 graduands will be presented during the 76^th graduation ceremony (24^th to 27^th February 2026). The College of Business and Management Sciences presented 975 graduands, comprising 14 Doctor of Philosophy (PhD) degrees, 334 Master’s degrees, 2 Postgraduate Diplomas, and 625 Bachelor’s degrees. This robust academic profile reflects the College’s sustained investment in advanced research, graduate training, and industry-relevant programmes designed to equip graduates with analytical competence, ethical grounding, and leadership capacity required to contribute meaningfully to economic transformation, institutional development, and enterprise growth at national, regional, and global levels.

Prof. Nawangwe emphasized that CoBAMS remains a key pillar in advancing the University’s research agenda. Through strategic partnerships with government ministries, the business community, and the private sector, the College has produced over 60 high-quality research outputs under the CoBAMS Working Paper Series, many of which have been published in internationally recognized peer-reviewed journals. These outputs he said are aligned with the UN Sustainable Development Goals (SDGs), Uganda’s 10-fold National Economic Growth Strategy, and the University’s Strategic Plan, reinforcing CoBAMS’ role in driving evidence-based development.

The Vice Chancellor commended the College for its five dynamic research centres—Entrepreneurship and Innovation; Statistics and Demography; Public Investment Management; the Environment for Development Initiative; and the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling—which collectively form the backbone of the College’s research enterprise. Through these centres, he noted CoBAMS continues to advance high-level scholarship, foster interdisciplinary collaboration, and deepen policy engagement, firmly positioning itself at the forefront of national and regional economic discourse.

In his message to the graduands, Prof. Nawangwe tasked them to become job creators, who are ready to turn challenges into opportunities. He encouraged them to remain proud ambassadors of Makerere University, upholding integrity and excellence, and to utilize their knowledge to transform communities and nations.

“You are all graduating with disciplines that are needed by society. We have equipped you with the knowledge and skills that will make you employable or create your own businesses and employ others. Do not despair. If you cannot find employment, reflect on the immense opportunities around you and raise to the occasion as an entrepreneur,” Prof. Nawangwe stated.

Addressing the congregation, the Guest of Honour, Hon. Janet Kataaha Museveni, First Lady and Minister of Education and Sports commended Makerere University for its pivotal role in transforming lives and shaping Uganda’s future. She congratulated the graduands upon reaching a significant academic milestone and reflected on the broader purpose of higher education in developing both knowledge and character.

She highlighted the success of the Emerging Leaders Programme, launched at Makerere University as a deliberate initiative to cultivate a generation of leaders grounded in values, integrity, and service. Founded on the conviction that higher education must shape both mind and character, the programme equips young people to navigate real-world challenges. She noted that 20 graduates from the inaugural cohort of the Emerging Leaders Programme were being celebrated at the 76th graduation.

“We recognised that our young people face real challenges such as moral decay, violence, addiction, exploitation and sometimes a loss of purpose and direction. The Emerging Leaders Programme was a deliberate commitment to raise a generation of leaders grounded in values, integrity and service to others. Today, 20 graduates represent the early visible fruit of that vision. They have deliberately chosen to build their lives on a foundation of strong moral values and servant leadership,” the Minister said.

The Minister urged graduands to view their achievements not as an end, but as a commissioning. She called upon them to lead with courage, humility, and responsibility, emphasizing that the world needs graduates who embody not just skills and knowledge, but character, integrity, and service. She reminded graduates that as they step into society, they carry the promise of a new Uganda, one where talent, ambition, and knowledge are matched by integrity, purpose, and service,” she exhorted, celebrating the role of higher education in nurturing both excellence and character.

Delivering the commencement address, Dr. Patricia Ojangole, Managing Director of Uganda Development Bank and a proud Makerere University alumnus, lauded the University for equipping graduates with a strong intellectual foundation and the confidence to navigate the complexities of the modern world. She recognized the sacrifices of parents, guardians, and relatives, noting that behind every graduand lies a story of perseverance, encouragement, and unwavering support.

Dr. Ojangole urged the graduands to look beyond traditional employment, highlighting the vast opportunities for entrepreneurship and innovation in today’s digitally connected and globally integrated Uganda. She reminded them that the skills, exposure, and knowledge they possess, position them to create solutions, build enterprises, and drive economic and social transformation.

She emphasized lifelong learning, adaptability, and the cultivation of emotional intelligence and leadership as essential tools for sustained success, noting that the most effective leaders inspire and empower others. Above all, she urged the graduates to guard their integrity, develop strong networks, and remain resilient in the face of setbacks, framing every challenge as an opportunity to strengthen character.

“Learning does not end with this degree. The world of work is constantly evolving—technology advances, markets shift, and customer needs change. Those who stop learning quickly fall behind. Graduates must develop skills in artificial intelligence, data literacy, analytical thinking, forecasting, and strategic planning, while also cultivating emotional intelligence and leadership. These abilities are essential in the 21st-century workplace, where people follow leaders who inspire. Lifelong learning, adaptability, curiosity, and a willingness to embrace change are no longer optional—they are the new currency of corporate and business success,” she submitted.

The Makerere University Chancellor, Dr. Crispus Kiyonga urged graduates to view their time at Makerere not only as an academic journey, but as an opportunity to engage with the world around them. He encouraged them to identify opportunities within their communities and the nation at large, highlighting that while some may secure government or private sector jobs, others will need to create their own paths through entrepreneurship.

“Beyond pursuing your courses, seize the opportunities at the university to broaden your knowledge of the world, your country, and the communities in which you live. Be attentive to the opportunities around you—those you can leverage to engage in meaningful and viable activities that bring prosperity,” the Chancellor advised.

A key highlight of the day was the conferment of the Doctor of Letters (Honoris Causa), of Makerere University upon Dr. Japheth Buleetwa Katto, recognizing him as an Honorary Scholar of Makerere University. A distinguished professional with remarkable achievements, Dr. Katto has made significant contributions to Uganda, the East African region, and beyond, particularly in advancing the accountancy discipline and strengthening the capital markets industry. His work has played a transformative role in Uganda’s social and economic development while also influencing the accountancy profession on a global scale.

Accepting the Honorary Doctorate Doctorate, Mr. Japheth Buleetwa Katto expressed deep gratitude to Makerere University and those who supported his journey. Reflecting on fifty years in corporate governance and finance, he emphasized a key lesson: integrity, diligence, and ethical leadership are always noticed, and the rewards of sowing excellence will inevitably follow, even if it takes decades.

“This recognition comes as a surprise and brings with it an important lesson, I wish to share with everyone here: people are always watching. They notice when you choose integrity over shortcuts, when you champion good governance even when it is unpopular. They see not only the good, but also the bad and the ugly. We must never forget the eternal law of the harvest: we reap what we sow. If you sow excellence, diligence, and ethics, the harvest—though it may take decades—will always find you,” Dr. Katto said.

Addressing the graduands, Mr. Japheth Buleetwa Katto urged them to embrace the unexpected, recognize that integrity is their greatest strength, and harness the power of networking. He reflected on his own journey, crediting teachers, mentors, colleagues, and family for their support, and encouraged the new graduates to always strive to make a positive impact in everything they do.

View on CoBAMS

By Wilber Tumutegyereize

In a significant step toward strengthening fiscal governance and enhancing evidence-based decision-making, the Parliament of Uganda, in collaboration with the Ministry of Finance, Planning and Economic Development and Makerere University, has launched a five-day intensive training programme on Integrated Macroeconomic Modelling.

The training brings together staff of the Parliamentary Budget Office (PBO) for a comprehensive capacity-building programme designed to deepen their analytical expertise in assessing national budgets, evaluating fiscal policy options, and generating independent, data-driven advice for Members of Parliament. The initiative forms part of a broader institutional strategy to reinforce Parliament’s oversight role and ensure that national budgeting processes are aligned with Uganda’s development priorities as articulated in the National Development Plan and Parliament’s Strategic Plan.

Strengthening Evidence-Based Fiscal Oversight

Speaking at the opening session on behalf of the Manager of the Public Investment Management (PIM) Centre of Excellence at Makerere University, Dr. Peter Babyenda emphasized that the increasing complexity of Uganda’s fiscal environment demands stronger analytical capacity within Parliament.

“This training comes at a critical time when the demands on Parliament to undertake rigorous scrutiny of fiscal and economic policy have never been greater,” Dr. Babyenda stated.

He noted that Parliament’s constitutional mandate—to legislate, appropriate public funds, and oversee government expenditure—requires objective, independent, and technically sound economic analysis. The Parliamentary Budget Office plays a central role in fulfilling this mandate by providing Members of Parliament with timely assessments of revenue projections, expenditure allocations, public debt sustainability, and macroeconomic trends.

Dr. Babyenda explained that the Government’s Integrated Macroeconomic Model provides a holistic framework for understanding the interconnections between economic growth, fiscal policy, public investment, inflation, debt dynamics, and household welfare. By incorporating this model into parliamentary analysis, the PBO will be better positioned to simulate alternative policy scenarios and assess their short- and long-term implications.

Institutional Priorities

Mr. Henry Waiswa, Deputy Clerk to Parliament in charge of Corporate Affairs, contextualized the training within Parliament’s broader institutional reform agenda. He underscored Parliament’s constitutional responsibility to legislate, allocate resources, and oversee the management of public finances.

“Since its establishment under the Budget Act and its anchoring under the Administration of Parliament Act, the Parliamentary Budget Office has become a cornerstone of evidence-based fiscal oversight,” Mr. Waiswa noted.

He observed that Uganda’s public financial management landscape has become increasingly complex, with evolving fiscal pressures, development financing needs, and global economic uncertainties. In such an environment, Parliament must not only examine headline budget figures but also anticipate the macroeconomic and distributional effects of policy decisions on households, businesses, and vulnerable communities.

Mr. Waiswa further expressed appreciation to the Ministry of Finance, Makerere University, and the Resource Enhancement and Accountability Programme (REAP) for their technical and financial support in designing and facilitating the training.

Academic Expertise and Analytical Rigor

Professor Edward Bbaale, Director of the PIM Centre of Excellence at Makerere University, highlighted the critical role of academia in strengthening public sector institutions. He emphasized that collaboration between Parliament, the Ministry of Finance, and Makerere University reflects a shared commitment to improving the quality of fiscal governance.

“When our key public institutions work together, we enhance the credibility of economic management and ensure that policy decisions are informed by rigorous analysis,” Professor Bbaale said.

He explained that Integrated Macroeconomic Models combine key economic indicators, such as Gross Domestic Product (GDP), government revenue and expenditure, inflation, debt, investment, and external balances, into a unified analytical framework. These models enable analysts to conduct “what-if” simulations, test policy assumptions, and evaluate trade-offs between competing fiscal priorities.

Professor Bbaale urged participants to fully utilize the five-day training to strengthen their technical proficiency and contribute meaningfully to Parliament’s oversight function.

Practical Application and Long-Term Impact

The training programme emphasizes hands-on learning, allowing participants to work directly with the Integrated Macroeconomic Model. Through practical exercises, PBO staff will learn how to:

• Simulate alternative fiscal and macroeconomic scenarios.
• Assess revenue and expenditure implications of policy proposals.
• Evaluate public debt sustainability and fiscal risks.
• Examine distributional impacts on poverty, inequality, and household welfare.
• Develop evidence-based policy briefs for Members of Parliament.

Dr. Babyenda reiterated that the value of the training lies in its practical application.

“The ultimate measure of success will be how effectively participants apply these tools to real parliamentary analysis,” he said. “It is through this application that Parliament can maintain rigorous oversight over public finances.”

A Strategic Investment in Institutional Capacity

By institutionalizing the use of Integrated Macroeconomic Modelling within the Parliamentary Budget Office, Uganda is making a strategic investment in sustainable institutional capacity. The initiative ensures that parliamentary analysts are trained using the same analytical frameworks applied in national fiscal planning, thereby reinforcing both technical quality and independence in budget scrutiny.

As Uganda navigates evolving economic challenges, the strengthened capacity of the PBO will enable Parliament to critically evaluate budget proposals, anticipate policy outcomes, and provide informed, transparent, and accountable oversight of public resources.

The five-day Integrated Macroeconomic Modelling training thus represents a pivotal milestone in advancing Uganda’s commitment to sound fiscal management, democratic governance, and evidence-based policymaking.