Business & Management
EfD-Mak, GRO Foundation & BoU Hold High-Level Roundtable on Green and SDG-Linked Financing
Makerere University on Wednesday hosted a high-level policy dialogue bringing together researchers from the Environment for Development (EfD-Mak) Centre, representatives from the Green Gas + Reforestation +Offset (GRO) and Bank of Uganda, to explore alternative financing mechanisms for climate action and sustainable development.
The roundtable, held ahead of the Tumusiime-Mutebile Annual Public Lecture, focused on “Building Capacity and Market Readiness for Green and SDG-Linked Financing Mechanisms through Private Sector Mobilisation Towards Achieving the 10-Fold Economic Transformation (ATMS).”
Discussions highlighted Uganda’s urgent need to expand climate financing, build capacity among financial institutions, and strengthen evidence-based policymaking as climate shocks increasingly affect productivity and inflation.
Partnership With GRO Will Build Capacity for Climate Finance Access – Peter Babyenda
EfD-Mak Policy Engagement Specialist and Research Fellow Peter Babyenda said the centre is implementing an Inclusive Green Economy capacity-building program, with this year’s focus on climate-smart agriculture—an area that requires substantial financing for farmers and enterprises.
“For you to promote climate-smart agriculture, you need people who can provide finances for farmers to buy the technologies,” he said.
Babyenda explained that EfD-Mak’s collaboration with GRO is aimed at equipping the private sector and financial institutions with the capacity to mobilize and access climate finance, especially for climate-smart investments.
He added that EfD-Mak has recently partnered with the Ministry of Finance to provide evidence for climate action and stands ready to support GRO through stakeholder linkages, technical training and policy research.
“This roundtable is the start of our collaboration with GRO,” he noted, emphasizing that both institutions are aligned in scaling capacity and readiness for climate financing.
Uganda Must Mobilize Private Capital to Meet Climate and Growth Goals– Prof. Bbaale
Delivering the keynote address, Prof. Edward Bbaale, Principal of CoBAMS and Director of EfD-Mak Centre, warned that abnormal weather patterns such as the extreme heat recorded in November underscore Uganda’s growing climate vulnerability.
“When 26th November feels like January or July, then something is not working well with our environment,” Bbaale said.
He stressed that Uganda’s ambition to achieve a ten-fold economic transformation requires a financing ecosystem that supports sustainability, innovation and private sector participation. He noted that Uganda needs US$228 billion to implement its Nationally Determined Contributions (NDCs), yet climate finance access remains constrained.
“The question is not whether we can participate in the global green financing momentum, but how quickly and effectively we can mobilize the private sector and strengthen institutional capacity,” he said.
Bbaale Reaffirms EfD-Mak’s Readiness to Build Capacity and Partner Across Sectors
Prof. Bbaale placed strong emphasis on capacity building as a cornerstone of Uganda’s transition to a green economy. He highlighted EfD-Mak’s ongoing regional program that trains senior civil servants from five East African countries on using fiscal policy to spur green transformation.
“At the EfD-Mak Centre we believe that knowledge, evidence and partnerships are essential ingredients for real transformation,” he said. “We are ready to collaborate with government, with GRO, with international partners to build the capacity needed to advance climate-responsive and SDG-aligned economic planning.”
He underscored that Makerere University has become more open to partnerships and is pursuing a research-led, innovation-driven agenda, adding that such collaboration is central to the university’s strategic plan.
“Makerere is now more collaborative than ever before. As a research-led university, our success depends on partnerships, knowledge-sharing and internationalisation,” he said.
Bbaale Stresses Need for Evidence to Guide Policy, Fiscal and Monetary Decisions
Bbaale highlighted that researchers must generate real-time evidence to support government and financial sector decisions, especially as climate shocks begin to influence macroeconomic indicators such as inflation.
He noted that changing weather patterns have altered harvest cycles, with crops maturing earlier and reducing food availability—factors that directly affect inflation and complicate the Bank of Uganda’s monetary policy operations.
“If the environment is hitting output and therefore inflation, then monetary policy must speak to environmental shocks,” he said.
Bbaale also pointed to the critical need for natural capital accounting, fiscal policy reforms, and institutional strengthening to enable Uganda to unlock climate finance and achieve sustainable economic growth.
Prof. Bbaale urged participants to use the roundtable to diagnose gaps in market readiness, strengthen networks, and advance financial innovations that complement public funding.
“Let us approach today not just as an event, but as part of a broader national commitment to building resilient, green and inclusive economies,” he said.
He encouraged active engagement throughout the session and assured stakeholders that EfD-Mak would continue to support national, regional and global climate initiatives—including the Coalition of Finance Ministers for Climate Action, where Uganda currently serves as co-chair.
GRO Foundation Pledges to Mobilise $1 Billion Annually as Uganda Ramps Up Green and SDG-Linked Financing
Executive Director of the GRO Foundation Laban Joshua Musinguzi, announced that the organisation is committing to mobilising US$1 billion every year for the next five years to support Uganda’s climate finance ambitions, alternative financing mechanisms and the country’s broader goal of economic transformation.
Musinguzi described the session as both a tribute to the legacy of the late Governor Emmanuel Tumusiime-Mutebile and a call to accelerate Uganda’s readiness for innovative and market-based climate finance.
He opened his remarks by honouring the late Mutebile as a pioneer of macroeconomic stability, institutional reforms and private-sector-led growth.
“Today is memorable because we are here to honour a legacy and inspire the future,” he said. “Mutebile’s vision for resilient financial ecosystems still runs in the blood of young economists and statisticians. I am one of them—I studied here, so I am back home.”
He added that Mutebile’s emphasis on private sector participation remains central to Uganda’s ability to mobilise the financing needed for green growth.
Mr. Musinguzi explained that the GRO Foundation—Greenhouse Gas Reforestation Offsets is a social enterprise committed to alleviating poverty by unlocking climate finance through innovative financial instruments.
“We unlock climate finance by creating financial instruments,” he said.
“These include green bonds, carbon certificates, sustainability bonds and commodity-backed bonds.”
He highlighted that GRO is an “interesting space open to disruptive technology,” and reaffirmed the foundation’s willingness to deepen its partnership with Makerere’s EfD-Mak Centre, financial institutions and government agencies.
The foundation works under the “Fantastic Four framework”—forestation and deforestation, food security, water security, education and skilling, and green jobs—with the current engagement at Makerere falling under the education and skilling pillar.
Musinguzi said Uganda aims to transform its economy to US$500 billion by 2040, but global shifts are demanding new sources of capital, including green financing, SDG-linked financing and capital markets.
“COP30 reinforced alternative financing as key for developing economies,” he said, adding that Uganda made commitments at the global climate conference to accelerate green bonds and SDG-linked bonds.
Uganda is currently implementing five climate finance strategies—among them the green taxonomy and the climate financing vehicle but Musinguzi stressed that implementation now matters more than awareness.
“We are in the last phase of the SDG agenda. We have no time for awareness—we have time for implementation,” he said.
Gaps in Uganda’s Readiness: ESG Integration Still Below 20%
Musinguzi outlined several gaps affecting Uganda’s readiness to access global climate finance: Only 30–40 financial institutions have internal ESG reporting frameworks; Less than 20% of climate risk guidelines have been integrated into credit products; Commercial banks lack clarity on what qualifies as a “green loan” and that Uganda’s regulatory frameworks have not evolved at the pace of technological disruption
He added that Uganda’s first carbon revenue—about US$40 million took nearly a decade to materialise, underscoring how delays in documentation, data and compliance slow financing.
“We must demonstrate institutional capacity through monitoring, reporting and evaluation systems to unlock financing,” he said.“We must be ready for this money.”
GRO’s Track Record: $1.5 Billion Already Mobilised, New Target of $10 Billion
Musinguzi reported that GRO has already mobilised US$1.5 billion, a commitment made at COP Azerbaijan and later presented during Uganda’s National SDG Conference and the Ministry of Water and Environment’s annual reports.
For 2025–2026, the foundation has set a more ambitious target: “We aim to mobilise US$10 billion next financial year.” He emphasised that when GRO says “mobilise,” it means actualinflow, not mere pledges.
“We mobilise, not promise,” he said. “By the time we call it mobilising, we have already brought the money into the country.”
These funds will support Climate finance business windows, Carbon certification schemes (100 million certificates already registered), Private-public-community partnership models and Clean energy, food security, waste management and youth skilling programmes
Concluding his remarks, Musinguzi urged policymakers, academia, financial institutions and development actors to treat climate finance readiness as a national priority.
“The conversation begins here,” he said. “If not now, then when? And if not us, then who?”
He reaffirmed GRO Foundation’s commitment: “We are ready to mobilise US$1 billion every year for Uganda for the next five years.”
Bank of Uganda Positions Sustainability at Core of Financial Sector Reform
The Bank of Uganda (BoU) has intensified efforts to embed sustainability and Environmental, Social and Governance (ESG) standards across the country’s financial system, describing sustainable development as a “strategic imperative” for Uganda’s long-term economic resilience.
Prisca Ampumuza Rwamare, BoU’s Director of Strategy and Innovation, said Uganda cannot achieve its development goals or meet global commitments without a stable, forward-looking financial sector that is prepared for climate shocks, demographic shifts and resource pressures.
“Sustainable development is no longer optional. It is central to building long-term economic resilience,” Ampumuza said, noting that Mutebile himself consistently emphasised the impact of financial institutions on society.
She revealed that the Bank has redefined its purpose and mission under the 2022–2027 strategic plan to reflect its commitment to socioeconomic transformation. “We had to rethink our business model and strategy,” she said. BoU has integrated sustainability into monetary policy operations, financial stability oversight, payment systems modernisation and risk management frameworks.
The central bank has also signed up for the Sustainability Standards Certification Initiative and revised its corporate social responsibility policy to align with ESG priorities.
Ampumuza highlighted several regulatory steps already underway. In partnership with the Uganda Bankers Association, BoU co-developed an ESG framework for the banking sector, launched in June 2024, with commercial banks now reporting quarterly on progress. BoU has also issued guidelines for managing climate-related financial risks and is reviewing its micro- and macro-prudential supervisory tools to enforce ESG compliance.
A key concern, she said, is preventing “greenwashing” in the financial sector. “We take this very seriously,” she noted, warning against superficial sustainability claims that do not reflect real environmental or social impact.
Innovation, Culture Shift and Collaboration Critical
According to Ampumuza, sustainable finance cannot be achieved through policy updates or digital systems alone. She stressed the need for institutional culture change, data-driven supervision and innovative solutions. That week she said the Bank launched an ambitious Innovation Strategy to support this transformation.
She noted that BoU is undergoing a culture change programme to empower its young workforce over 100 newly recruited staff to champion SDGs and sustainable finance within a traditionally cautious institution.
BoU is also collaborating with international partners including the World Bank, IMF, IFC and the global Network for Greening the Financial System (NGFS) to strengthen policy frameworks and build capacity.
Despite progress, Ampumuza said banks continue to struggle with implementing sustainable finance principles due to capacity gaps, absence of baseline ESG data and limited availability of bankable green projects. She revealed that BoU, the Uganda Bankers Association and the Institute of Bankers recently completed a curriculum on sustainable finance to support sector-wide training.
Ampumuza concluded that sustainability is now fully integrated into BoU’s internal operations. A dedicated department and ESG coordination division have been established, and all projects across currency management, logistics and infrastructure must demonstrate compliance with environmental and social standards. “If this is replicated across the banking sector, we will make significant impact,” she said.
Participants Chart Path to Green and SDG-Linked Financing
A panel, moderated by Canary Mugume, comprising Dr. Peter Babyenda, a climate finance economist from Makerere University, Ms. Elizabeth Mwerinde, Head of Commercial Banking at Ecobank, and Dr. John Sseruyange, an environmental economist at Makerere University examined Uganda’s readiness for green and SDG-linked financing, with a special focus on institutional perspectives and market preparedness.
The discussion underscored that sustainable development is no longer optional for Uganda—it is a strategic imperative for economic transformation. Global financial shifts are creating new opportunities through green finance networks, SDG-linked instruments, and carbon markets. Yet, while Uganda’s macroeconomic fundamentals are strong, the greening component of its economy remains weak.
Speakers emphasized the strategic role of diverse actors in mobilizing green finance. Academia, the private sector, financial institutions, and government all share responsibility, but partnerships must also reach beyond traditional stakeholders to include religious and cultural leaders who can influence public awareness and mindsets. The private sector, in particular, was identified as the engine for Uganda’s ambitious economic transformation.
Despite the potential, persistent challenges remain. Low institutional awareness, limited readiness among financial institutions, and the absence of a strong pipeline of bankable green projects hinder progress. Critical data gaps were highlighted, with Uganda possessing “data sets, not databases,” and research outputs were said to insufficiently inform policy and decision-making.
Panelists stressed the need for evidence-based approaches: different sectors require tailored policy instruments, and academia and think tanks have a vital role in guiding government policies, investment design, and risk assessment. Institutions must deepen their understanding of green financing mechanisms, climate risks, and ESG compliance, while reporting standards and transparency must be strengthened across all levels of the financial system.
Innovations and ongoing initiatives offer a glimpse of progress. The launch of a Sustainable Finance Curriculum for financial institutions and platforms like the monthly “Carbon Tuesdays” at Kati Kati are building capacity and creating space for innovative ideas on carbon markets and climate finance. Meanwhile, the government’s deliberate role in shaping regulatory frameworks and deploying policy instruments—including incentives, guarantees, blended finance, and public-private partnerships—was highlighted as essential.
Mobilizing private capital was presented not as a replacement for public finance, but as a critical complement, expanding Uganda’s financing capacity. The country’s credibility, transparency, and demonstrated ability to manage large-scale investments are key to attracting private investors, alongside a clear pipeline of viable instruments.
The roundtable concluded with a call for a renewed strategy: Uganda must return to the drawing board, scale up bankable green projects, and strengthen institutional capacity. Success, panelists agreed, will depend on partnerships, credible data, strong governance, and unified commitment across sectors—a holistic approach to greening Uganda’s economy and advancing sustainable development.
Jane Anyango is the Communication Officer, EfD-Mak Centre
Makerere University Environment for Development Initiative (EfD- Mak Centre) has graduated five senior government officials under the 2025 Inclusive Green Economy (IGE) Fellowship Programme, equipping them with advanced knowledge and skills to champion climate-smart agriculture (CSA) and sustainable development in Uganda.
The fellows graduated during a ceremony held on Thursday June 25, 2026 at the Makerere University Agricultural Research Institute, Kabanyolo (MUARIK), where university leaders, government representatives, development partners, researchers and policymakers gathered to celebrate the completion of the year-long training programme.
The graduates included Eng. Thomas Epeet from the Ministry of Agriculture, Animal Industry and Fisheries; Ms. Getrude Basiima, a Commissioner in the Ministry of Finance, Planning and Economic Development; Mr. Nicholas Magara from the Ministry of Water and Environment; Ms. Irene Kemigisha from the Ministry of Lands, Housing and Urban Development; and Mr. Boaz Tumusiime Mboijana from the Ministry of Tourism, Wildlife and Antiquities.
Representing the Vice Chancellor, Professor Robert Wamala congratulated the fellows for successfully completing what he described as a rigorous and impactful programme that lasted one year.
“Today’s graduation is more than a celebration of academic achievement. It is a testament to our collective commitment to building the knowledge, skills and partnerships required to address one of the defining challenges of our time — climate change and its effects on agriculture, livelihoods and sustainable development,” Wamala said.
He noted that the 2025 cohort undertook training under the theme, “Accelerating the Adoption of Climate-Smart Agriculture,” which aligns closely with Makerere University‘s research agenda on agricultural transformation, food security and livelihoods.
According to Wamala, climate variability and environmental degradation continue to threaten agricultural production, food security and rural livelihoods, making the need for innovative, evidence-based and scalable solutions increasingly urgent.
Through the fellowship, participants gained practical exposure to climate-smart irrigation technologies, resilient farming systems, soil and water conservation practices, and other innovations aimed at strengthening agricultural productivity and resilience.
“The experiences have equipped our fellows not only with technical competencies but also with the capacity to translate knowledge into practical solutions for communities and institutions,” he said.
The programme is implemented by the Environment for Development (EfD) Initiative through the EfD-Makerere Centre and is funded by the Swedish International Development Cooperation Agency (Sida). It seeks to strengthen evidence-based policymaking by bridging the gap between research and policy while promoting the use of economic policy instruments to support a just green transition.
Speaking at the ceremony, Professor Edward Bbaale, Director of the EfD-Makerere Centre and Principal of the College of Business and Management Sciences(CoBAMS), said the fellowship targets senior civil servants and policymakers from Eastern Africa to strengthen their capacity to formulate and implement green economy policies.
“The goal is to promote the use of economic policy instruments to achieve a just green transition. The programme bridges gaps between research and policy and between researchers and policymakers to strengthen evidence-based decision-making,” Bbaale said.
Since its inception, the programme has trained 30 senior policymakers drawn from ministries, departments and agencies across the region.
Bbaale said, one of the programme’s unique features is its regional approach, which enables fellows from Uganda, Kenya, Rwanda, Ethiopia, Tanzania and South Africa to share experiences and learn from one another’s policy interventions.
“We are able to learn from what other governments are doing in these Eastern African countries, compare with our policy environment and identify solutions that can work back home,” he said.
The 2025 cohort focused on accelerating climate-smart agriculture adoption, a priority area as governments seek to mitigate the impacts of climate change on food production and rural livelihoods.
Bbaale announced that the next cohort, to be recruited later this year, will focus on forestry and water management. The programme intends to recruit five additional senior government officials from institutions including the Ministry of Water and Environment, the National Environment Management Authority (NEMA), the National Planning Authority (NPA), and the Ministry of Finance.
Host institution MUARIK also used the occasion to highlight its contribution to agricultural research and innovation.
Welcoming guests to the institute, MUARIK Director Dr. Peter Ebanyat described the facility as a leading centre for agricultural research, training and innovation whose history dates back to 1953.
He noted that the institute has played a significant role in developing agricultural technologies that have had national impact, including the development of soybean varieties grown across Uganda.
“Our vision is to be a thought leader in sustainable agricultural and environmental innovations. Our mission is to generate and disseminate knowledge, innovations and technologies through research, training and community engagement for improved agricultural productivity, environmental sustainability and rural livelihoods,” Ebanyat said.
He said hosting the graduation was particularly significant because MUARIK serves as a living laboratory where researchers, students, policymakers and development practitioners interact to generate solutions to challenges facing the agricultural sector.
The graduation ceremony underscored the growing importance of partnerships among universities, governments and development agencies in addressing climate change, promoting food security and advancing inclusive green growth across Uganda and the wider East African region.
As the fellows return to their respective institutions, university leaders challenged them to become ambassadors of climate-smart agriculture and champions of sustainable development, using the knowledge acquired through the programme to influence policies, strengthen resilience and improve livelihoods in their sectors.
The Inclusive Green Economy Fellowship Programme will continue until 2027 under Sida funding, with Makerere University remaining one of the key regional centres driving research, policy engagement and capacity building for sustainable development.
Graduating Fellows Call for Stronger Climate-Smart Agriculture Policies
Senior government officials who completed Makerere University‘s IGE Fellowship Programme called for stronger policy interventions, increased investment and wider public awareness to accelerate the adoption of climate-smart agriculture in Uganda.
The senior civil servants highlighted climate change as a growing threat to agriculture, food security and rural livelihoods.
Speaking on the sidelines of the graduation ceremony, Makerere University‘s Policy Engagement Specialist and coordinator of the programme, Dr. Peter Babyenda, said the 2025 cohort focused on developing policy instruments that can accelerate the adoption of climate-smart agricultural practices across the country.
“This cohort has been looking at accelerating the adoption of climate-smart agriculture because agriculture remains the backbone of Uganda’s economy and one of the sectors most affected by climate change,” Babyenda said.
He explained that the year-long fellowship trains senior civil servants and policymakers to design economic and policy incentives that promote environmentally sustainable development.
According to Babyenda, previous cohorts focused on issues such as clean cooking energy, biomass reduction and electric mobility, while the latest group examined how government can encourage farmers to adopt climate-smart technologies such as solar-powered irrigation systems and sustainable farming practices.
“We have trained them on how to design policy packages and interventions that encourage adoption of climate-smart agriculture and improve resilience among farming communities,” he said.
The graduation brought the number of fellows trained under the Sida-funded programme to 30 since its inception. The initiative is implemented by Makerere University‘s Environment for Development (EfD) Centre in partnership with the University of Gothenburg in Sweden.
Babyenda revealed that the next cohort, expected to be recruited later this year, will focus on forestry and water management as part of efforts to reduce emissions and strengthen climate resilience.
He also disclosed that Makerere University is considering upgrading the fellowship into an academic programme offering diploma and master’s qualifications in green economy studies.
“We are already developing a curriculum. The idea is to transform this capacity-building programme into an academic award programme that could eventually offer both diploma and master’s degrees in green economy,” he said.
Representing the graduating fellows, Engineer Thomas Epeet from the Ministry of Agriculture, Animal Industry and Fisheries said climate-smart agriculture is critical to safeguarding Uganda’s agricultural sector against the effects of climate variability.
“Agriculture contributes significantly to employment, rural livelihoods and the country’s GDP. However, prolonged droughts and erratic rainfall patterns are threatening production, making climate-smart agriculture more important than ever,” Epeet said.
The fellows identified weak extension services, limited awareness, counterfeit agricultural inputs and inadequate access to modern technologies as some of the major barriers to the adoption of climate-smart agriculture.
Epeet said the cohort’s research found that women farmers face particular challenges, including limited access to land ownership and agricultural resources, which affects their ability to adopt climate-smart practices.
He called for stronger involvement of the private sector in supplying quality agricultural technologies and inputs needed to support sustainable farming.
“The private sector has a critical role in providing irrigation equipment, improved seeds and other technologies that farmers need. Without a strong private sector, government interventions alone may not achieve the desired impact,” he said.
Nicholas Magara, Acting Assistant Commissioner in the Ministry of Water and Environment, said the training had equipped him with practical knowledge on how economic incentives can be used to address climate-related challenges.
He noted that environmental degradation, including forest and wetland destruction, continues to affect rainfall patterns and agricultural productivity.
“As policymakers, we must encourage farmers not to depend solely on natural weather patterns. Technologies such as irrigation, mulching and minimum tillage are becoming increasingly important in ensuring year-round production,” Magara said.
He recommended expanding the programme to accommodate more participants and upgrading it from a certificate programme to a diploma-level qualification.
“The content is extensive and highly professional. It deserves a higher academic recognition,” he added.
Irene Kemigisha, an economist from the Ministry of Lands, Housing and Urban Development, emphasized the need to strengthen land tenure security, particularly for women, to improve access to credit and increase investment in climate-smart agriculture.
She said many women are unable to access agricultural financing because they lack land ownership documents that financial institutions require as collateral.
“We need to ensure that women have secure land rights and access to affordable agricultural credit if we are serious about increasing adoption of climate-smart agriculture,” Kemigisha said.
She also called for stronger agricultural extension services and improved market access for farmers to ensure that increased productivity translates into higher incomes.
Meanwhile, Boaz Tumusiime from the Ministry of Tourism, Wildlife and Antiquities said the programme had highlighted the strong links between climate change, agriculture and tourism.
He said participants discovered that many climate-smart solutions already exist, but limited dissemination of information continues to slow adoption.
“Our transformative initiative focused on improving access to information and climate-smart solutions because the biggest challenge is often the gap between researchers, policymakers and the public,” Tumusiime said.
He praised the programme’s regional approach, which allows participants from Uganda, Kenya, Rwanda, Tanzania and Ethiopia to share experiences and learn from successful policies implemented across East Africa.
The fellows urged government, development partners and academic institutions to expand climate-smart agriculture training beyond senior civil servants to include private sector actors and grassroots agricultural practitioners.
They argued that broader participation would help accelerate the adoption of sustainable farming practices needed to strengthen food security, improve rural livelihoods and support Uganda’s climate adaptation efforts.
Panelists Call for Climate-Smart Agriculture Integration
The graduation ceremony was also marked by a roundtable discussion moderated by Prof. Edward Bbaale.and focused on how Uganda can integrate climate-smart agriculture into its national development agenda. The dialogue brought together leading academics, policymakers and development practitioners to explore strategies for sustainable agricultural transformation.
Key discussants included Prof. Robert Wamala, Director of Research, Innovations and Partnerships at Makerere University; Michael Ahimbisibwe from the National Planning Authority (NPA), representing Dr. Ronald Kaggwa; Victor Olejje from SunCulture Uganda; Wilson Asiimwe from the Ministry of Finance, Planning and Economic Development, representing Dr. Sam Koojo; and Robert Turyakira from AGHNET.
The discussions highlighted Makerere University‘s commitment to research translation and intellectual property protection, the National Planning Authority’s emphasis on climate-smart agriculture as a key driver of economic growth, and the Ministry of Finance’s focus on integrated financing and market alignment. The panel also underscored the importance of ensuring that climate-smart interventions are properly costed, financed and implemented.
Responding to a question on how Makerere University is strengthening the translation of research into climate-smart solutions, Prof. Robert Wamala, Director of Research, Innovations and Partnerships at Makerere University, explained that the institution coordinates research across its nine colleges under strategic themes, including agricultural transformation. He noted that Makerere has established an Innovation and Technology Support Centre to help researchers protect intellectual property, build industry partnerships, and commercialize innovations.
“We are developing a Research Impact Framework so that every project considers its long-term effect on policy and community livelihoods right from the design stage,” Prof. Wamala said.
He added, “An idea is not truly yours until it is protected,” emphasizing the importance of patents and copyrights in transforming research into sustainable livelihoods.
Addressing the role of climate-smart agriculture in advancing Uganda’s Tenfold Growth Strategy, Michael Ahimbisibwe, representing the National Planning Authority, emphasized that climate-smart agriculture is central to both the strategy and Uganda’s Vision 2040. He outlined its contribution to ensuring sustainable raw material supplies, building resilience to climate change, enhancing export competitiveness, supporting inclusive livelihoods and unlocking access to green financing.
“By embedding these approaches, agriculture becomes the backbone of our growth strategy,” Ahimbisibwe said, pointing to drought-tolerant crop varieties, water harvesting technologies, and compliance with international trade standards as critical interventions.
Responding to a question on how public investment and financing mechanisms can support climate-smart agriculture, Wilson Asiimwe from the Ministry of Finance argued that climate-smart agriculture must be approached holistically, with policies integrated across sectors. He explained that government investments, such as valley dams for livestock production, should be aligned with existing development programmes, while additional financing can be mobilized through carbon credit schemes, climate funds, and international grants.
“Productivity must be matched with markets; otherwise, we risk food mountains with no buyers,” Asiimwe cautioned.
He further noted that emerging export regulations, such as the European Union’s deforestation requirements, make climate-smart agricultural practices essential not only for environmental sustainability but also for maintaining trade competitiveness.
Explaining how planning processes ensure that interventions are properly costed and implemented, Ahimbisibwe further noted that planning serves as the bridge between policy and financing. Under Uganda’s National Development Plan IV, the government employs a programme-based approach, with agro-industrialization identified as a key programme. Each programme includes costed interventions that are monitored annually through compliance assessment mechanisms.
“This way, climate-smart agriculture is not just a policy idea but a funded and monitored reality,” he said, stressing that planning ensures government allocations, releases, and expenditures remain aligned with national development priorities.
The panel underscored a shared vision in which Makerere University drives research translation and intellectual property protection, the National Planning Authority positions climate-smart agriculture as a pillar of economic growth, the Ministry of Finance ensures integrated financing and market alignment, and planning frameworks guarantee effective implementation of costed interventions. Together, these efforts aim to embed climate-smart agriculture at the heart of Uganda’s long-term development strategy.
Compiled and written by Jane Anyango, Communication Officer
Photo Credits: Peninah Nalubega
(Fourth-Year Journalism and Communication Student)
Business & Management
PIM Centre of Excellence, Ministry of Finance Launch 4th Cohort Training on Certificate of Financial Implications
Makerere University‘s Public Investment Management (PIM) Centre of Excellence, in partnership with the Ministry of Finance, Planning and Economic Development (MoFPED), has commenced the fourth cohort of the Capacity Enhancement and Hands-on Training on the Guidelines for Financial Clearance and the Certificate of Financial Implications (CFI) – Integrated Regulatory Cost-Benefit Analysis.
The two-week training, held in Jinja, brings together economists, policy analysts, and technical officers from Ministries, Departments and Agencies (MDAs) to strengthen their capacity in conducting financial and economic assessments of government policies and legislation.
Speaking at the opening ceremony, Assistant Commissioner Mohammed Kabaale, who represented the Permanent Secretary and Secretary to the Treasury (PSST) emphasized the critical role of the Certificate of Financial Implications in promoting sound fiscal governance and evidence-based policymaking.
“The Certificate of Financial Implications is not merely a procedural requirement. It is a critical safeguard within our public finance management framework,” Mr. Kabaale noted. “It ensures that all policy and legislative proposals submitted to Cabinet or Parliament are fiscally sustainable, consistent with Government’s macroeconomic objectives, and aligned with our national development priorities.”
Mr Kabaale explained that the revised Guidelines for Financial Clearance, which became effective at the start of the current financial year, provide a strengthened institutional and analytical framework for assessing policy proposals. The guidelines require Regulatory Impact Assessments, Statements of Financial Implications from respective MDAs, evidence of stakeholder consultations, and Integrated Regulatory Cost-Benefit Analysis conducted by the Ministry of Finance.
According to the PSST, these requirements are intended to strengthen inter-agency coordination, improve the quality of the financial clearance process, and ensure that public resources are allocated in a manner that delivers maximum value for money to citizens.
The training is being delivered in partnership with Makerere University‘s Public Investment Management Centre of Excellence, established in 2023 to build national capacity in public investment management and policy analysis.
Representing Makerere University, the Dean of the School of Economics, Prof. Ibrahim Mike Okumu, commended the Ministry of Finance for its foresight in establishing the PIM Centre of Excellence and investing in capacity development for public servants.
“Uganda faces a triple challenge of scale, scarcity and speed,” Prof. Okumu said. “As our population grows, financing becomes more constrained, and citizens demand faster service delivery, every shilling must deliver greater value. Cost-Benefit Analysis and Financial Implications assessments help government make decisions that are beneficial, affordable and resilient under real fiscal constraints.”
Prof. Okumu noted that while Cost-Benefit Analysis helps determine whether a policy or project is worthwhile, integrating Financial Implications assessments ensures that proposed interventions are fiscally sustainable and implementable.
He challenged participants to apply the skills acquired during the training at project, portfolio and policy levels by improving project selection, prioritizing investments that generate the highest economic returns, and institutionalizing evidence-based decision-making across government.
“Analysis must translate into transformation,” he said. “The ultimate measure of success will be the decisions that change because of your work, the value you unlock for Uganda, and the lives that are transformed because you asked the right questions.”
The Dean further observed that integrated financial and economic analysis is increasingly important globally as countries seek to mobilize resources for climate action, digital transformation and sustainable development. He described the participants as part of a growing community of professionals capable of strengthening investor confidence and enhancing public trust through credible policy analysis.
Both speakers underscored the importance of professional integrity, continuous learning and institutional collaboration in advancing Uganda’s public finance reform agenda.
The PSST encouraged participants to engage actively throughout the training and to champion the implementation of the revised guidelines within their respective institutions. The Ministry, he added, will continue investing in systems automation, capacity development and stakeholder engagement to strengthen evidence-based financial clearance processes across government.
The training marks another milestone in the partnership between Makerere University and the Ministry of Finance aimed at building a critical mass of public sector professionals equipped to support fiscally responsible, socially inclusive and economically sound policy decisions. The fourth cohort follows the successful completion of three earlier cohorts conducted during the current financial year and forms part of ongoing efforts to strengthen Uganda’s public investment management and policy formulation systems.
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