Business & Management
First African Symposium underscores the role of the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling
Published
8 months agoon

During the First African Symposium on Natural Capital Accounting and Climate-Sensitive Macroeconomic Modelling held on 12th and 13th February 2026 at Makerere University-Kampala, notable speakers and experts urged government ministries and universities to initiate institutionalized approaches and frameworks to mitigate the natural capital account threats in Africa.
The discourse centred on the theme, Climate-Sensitive Macroeconomics: Rethinking Growth in Africa’s Natural Resource Base, which explored innovative approaches to integrate natural capital and climate risks into economic planning. The symposium highlighted that Africa’s economic transformation must be climate-informed and resilience-driven.
Committed to African-led capacity building, Makerere University is taking the lead in engaging other African universities to support fiscal policy in climate change modelling and analysis.
The participants and stakeholders across the globe lauded Makerere University, for partnering with the Ministry of Finance, Planning and Economic Development (MoFPED), and the Environment for Development Initiative (EfD), to establish the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM).
Highlights about the CEACM
During the symposium, the Vice Chancellor of Makerere University-Prof. Barnabas Nawangwe, the Principal, College of Business and Management Sciences-Prof. Edward Bbaale, the Dean of the School of Economics-Associate Professor Ibrahim Mike Okumu, Dr. Peter Babyenda, Dr. Wilson Asiimwe and other members of faculty, articulated the mandate of the CEACM.

Situated at Makerere University, CEACM is anchored within the School of Economics in the Department of Policy and Development Economics, under the College of Business and Management Sciences. It is aligned with the Master of Science in Economic Policy and Investment Modelling, a program jointly facilitated by Makerere University, the Ministry of Finance, Planning and Economic Development and the Bank of Uganda.
Promotion of Africa-led Modelling
Addressing the participants, the University leadership and faculty, highlighted the Centre’s strong commitment to Africa-led modelling, as its key distinguishing feature.

According to Prof. Nawangwe, the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling-is a strategic initiative addressing Africa’s climate, environmental, and fiscal challenges.
Citing Africa’s unique economic realities such as heavy reliance on natural capital, widespread informality and heightened vulnerability to climate shocks, the Centre prioritizes the development of analytical frameworks that are rooted in local contexts rather than merely adapting externally developed models. This approach ensures that policy interventions, recommendations, and investment strategies are firmly grounded in the specific economic, environmental, and social dynamics of African countries.
University-Government collaboration to safeguard Africa
The Vice Chancellor stated that the Centre builds on a strong partnership between Makerere University and the Ministry of Finance, Planning and Economic Development (MoFPED), creating a direct bridge between academic training and real-world policy application. Through this structure, the Centre is preparing a new generation of economists equipped to embed climate considerations into macroeconomic analysis and public financial management.
“Our collaboration with the Ministry stands as an example of how academia and government can work together to strengthen economic management. This partnership has advanced macroeconomic modelling capacity, supported fiscal policy analysis, strengthened public investment management systems and enhanced training for economists and planners across government institutions,” he said.
Prof. Nawangwe observed that African economies remain deeply dependent on natural resources for livelihoods, public revenues and structural transformation, yet these resources are under increasing stress from climate shocks and ecological decline. In this context, he noted that economic transformation can no longer be pursued in isolation from environmental sustainability. The Centre was therefore established to strengthen analytical tools, policy frameworks and institutional capacities that integrate climate risks, natural capital accounting and long-term fiscal resilience into macroeconomic modelling.
He noted that the Centre strengthens Uganda’s contribution to continental and global climate finance and policy platforms, including the Coalition of Finance Ministers for Climate Action (CFMCA) and the Pan-African Coalition of Finance Ministers on Climate Action (PAFMCA). By supporting research, training, policy dialogue and modelling innovation, the Centre positions Makerere University as a regional hub for advancing climate-sensitive macroeconomic policy across Africa.
Capacity-Building Support for Climate and Nature-Resilient Economic Policies
Tackling the role of universities in Climate Fiscal Policy, Prof. Bbaale commended the strong collaboration between Makerere University and government through the Ministry of Finance, Planning and Economic Development, which provides a platform for academia-policy interface.

Additionally, the partnership of Makerere University, the College of Business and Management Sciences (CoBAMS), the Environment for Development Initiative (EfD), the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM), with the Ministry of Finance, Planning and Economic Development (MoFPED), positions the University, as an active technical partner to the Coalition of Finance Ministers for Climate Action (CFMCA).
Academic training, research and policy engagement
Firmly grounded in Makerere University’s three core pillars of academic training, research, and policy engagement, the Centre brings these pillars to life by equipping students and practitioners with robust analytical skills, producing rigorous and policy-relevant research, and translating evidence into actionable insights that directly inform decisions shaping economies and communities across Africa.
Prof. Bbaale noted that the establishment of independent research centres enables Makerere University to go beyond traditional academic instruction and focus deeply on societal challenges, particularly those related to climate change, environmental degradation, and biodiversity loss.
He reported that the Centre is structured to advance methodological innovation, develop new data systems, and strengthen climate-sensitive macroeconomic tools that are tailored to the African context.
Interventions on Climate issues in Africa
Prof. Bbaale outlined the following interventions being undertaken by Makerere University to address climate issues in Africa.
- Academic anchoring through the Master of Science in Macroeconomic and Investment Modelling at the School of Economics
- Establishment of the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling, which serves as a capacity building arm for PAFMCA
- Research that integrates Natural Capital Assets into National Policy and Fiscal planning
- Capacity building through short term courses at CEACM
- Publications featuring the MoFPED and Makerere University CEACM research efforts
Prof. Bbaale informed the audience that in collaboration with the respective government ministries and sectors, Makerere University is taking the lead in drafting fiscal policy briefs using existing Natural Capital Accounts (NCA) to inform Macro-Fiscal Policies.
CEACM Shaping Uganda’s Policy landscape
Building on to Prof. Bbaale’s presentation, Dr. Peter Babyenda- a member of faculty at the School of Economics, presented the Model for Natural Capital Policy Assessment (MONCAP). With support from GIZ Uganda, the EfD Centre at Makerere University, and the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling, developed the MONCAP model for the Ministry of Water and Environment (MoWE) in collaboration with MoFPED, Uganda Bureau of Statistics (UBOS), National Planning Authority (NPA) among other stakeholders. The MONCAP model represents a holistic government approach to embedding environmental sustainability within national economic planning frameworks.
Dr. Babyenda explained that the model was developed in response to Uganda’s ambitious development trajectory, particularly the country’s 10-fold growth strategy under the National Development Plan. The model integrates natural capital accounting into macroeconomic analysis, thereby enabling policymakers to quantify environmental assets, assess climate risks and emissions, and evaluate how economic activities impact the country’s natural resource base.
Beyond tool development, Dr. Babyenda underscored the Centre’s commitment to capacity building through trainings, short courses, in addition to the Master of Science in Macroeconomic and Investment Modelling, which started this academic year (August 2025).

“To ensure capacity and produce more modellers, we are offering short courses on integrating climate and natural capital into macro models, as well as, the Master of Science in Macroeconomic and Investment Modelling. We call for continuous collaboration between policymakers, academia, and development partners so that we can develop more of these models,” he submitted.
Integrating data into macroeconomic models
Dr. Wilson Asiimwe, Senior Lecturer at the School of Economics, stressed the importance of integrating climate and natural capital data directly into macroeconomic models. He explained how forests, water, fisheries and land, which are vital for GDP and carbon sequestration, can be systematically incorporated into tools such as multiplier and CGE models using an Environmental Social Accounting Matrix.
“The first step is preparing the Social Accounting Matrix that captures all economic transactions in an economy—the demand and supply relationships among all economic agents. To integrate climate issues into CGE or multiplier models, you must map climate and natural capital data onto the existing Social Accounting Matrix of the country,” he said.
He elaborated that these models allow policymakers to simulate policy scenarios from forestry investments and infrastructure development to energy transitions, linking environmental outcomes to GDP, employment, revenue, and sectoral performance. By capturing emissions, resource use, and climate risks, Dr. Asiimwe emphasized that this approach provides actionable insights for sustainable growth, green investment, and climate-resilient planning in Uganda.
Symposium Outlook
By hosting the inaugural African Symposium on Natural Capital Accounting and Climate-Sensitive Macroeconomic Modelling, the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM-established in August 2025) reinforced its role as a continental hub for research, training, and policy dialogue. The symposium was supported by the Global Green Growth Institute (GGGI) and the Partnership for Action on Green Economy (UN PAGE), with thanks to the generous contribution of its funding partners -European Union, Germany, Finland, Norway, Korea, Sweden, Denmark, and Switzerland.
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Makerere University Signs MoU with World Association of Noonomy: Sets pace for the African Centre of Excellence
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Makerere Leads Africa in Pioneering Theory of Noonomy
Business & Management
Makerere University Signs MoU with World Association of Noonomy: Sets pace for the African Centre of Excellence
Published
2 weeks agoon
September 22, 2026
By Ritah Namisango and Monica Meeme
Makerere University has signed a Memorandum of Understanding (MoU) with the World Association of Noonomy, setting the pace for academic collaboration, research and the establishment of a Centre of Excellence for Noonomy in Africa.
On behalf of Makerere University, the MoU was signed by Professor Sarah Ssali, Deputy Vice Chancellor (Academic Affairs), during the World Congress on Noonomy held in Rome, Italy, from 16th-19th September 2026, paving the way for the establishment of a dedicated institute of Excellence for Noonomy at College of Business and Management Sciences (CoBAMS).
Uganda was the only African country represented at the World Congress on Noonomy, with a Makerere University delegation including Prof. Sarah Ssali-Deputy Vice Chancellor (Academic Affairs), Prof. Edward Bbaale-Principal College of Business and Management Sciences (CoBAMS), Dr Peter Babyenda-Lecturer at the School of Economics and Policy Engagement Coordinator, College of Business and Management Sciences (CoBAMS), and Mr. Tonny Mayambala Sebbaggala, a Ugandan Economist based in Russia.

Commenting on the development, the Vice Chancellor, Professor Barnabas Nawangwe said, “By signing this MoU, the African Centre for Noonomy has been established at Makerere University. This adds to the growing number of African continental research centres that are coordinated by Makerere University. Makerere is clearly a leader on the Continent.”
The MoU signed on 19th September 2026 in Rome-Italy, builds on the inaugural conference on Noonomy, held in Uganda on 20th August 2026 at Makerere University under the theme, “The Theory of Noonomy and its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation.”
At the Global Congress of the World Association of Noonomy, the scholars from Makerere University delivered three (3) presentations focusing on Noonomy and development challenges in East Africa, the transition from informal to formal employment, and the role of universities in advancing Noonomy.
About the Theory
The Theory of Noonomy is an emerging theoretical approach developed by Professor Sergey Bodrunov, Director of the S.Y. Witte Institute, which examines the changing relationship between knowledge, technology, production and human development. The theory places emphasis on knowledge and human potential as important drivers of development, while highlighting humanistic values and solidarity in shaping economic and social progress.
Advancing Alternative Economic Thought in Africa
Speaking at the Annual gathering in Rome, Prof. Sarah Ssali described Makerere University’s partnership as a great honour, highlighting the importance of creating space for broader theoretical perspectives on political economy and the global economy.
Reflecting on the evolution of political science and political economy studies, Prof. Ssali noted that following the era of Glasnost and Perestroika, free-market ideology and neoliberalism became increasingly dominant in global economic thinking.
“This dominance created a need for scholars to critically examine both the opportunities and limitations of market-based approaches,” she said.
She welcomed the opportunity to explore alternative ways of understanding the world, including not only the material relations of production, but also the material relations of consumption.

Prof. Ssali also acknowledged the Witte Institute for initiating the initiative and for choosing Makerere University as a key partner on the African continent.
She said Makerere University plans to establish a dedicated centre focused on the emerging area of study, with the institution aiming to launch the centre in February 2027.
“We hope the centre will become a leading African platform for research, teaching and dialogue on these issues,” she asserted.
Prof. Ssali noted that the ideas emerging from the Kampala meeting (held on 20th August 2026) are already being incorporated into Makerere University’s theoretical classes, with plans to substantially expand the initiative following the establishment of the centre of excellence.
She reaffirmed Makerere University’s commitment to the partnership and to expanding scholarly engagement on alternative approaches to political economy.
Call for Growth that Advances Social Welfare
Delivering the presentation titled: “The Role of Noonomy in Addressing Development Challenges in East Africa,” Prof. Edward Bbaale, Principal of the Makerere University College of Business and Management Sciences (CoBAMS), explored the potential of Noonomy as an alternative framework for understanding and addressing persistent development challenges in East Africa.
Prof. Bbaale noted that the approach contributes to emerging academic discussions on how economic systems can better connect economic growth with social wellbeing and inclusive development outcomes in the region.
“The study contributes to emerging academic discussions on how economic systems can better link economic growth with social wellbeing and inclusive development outcomes in the region,” he said.

The paper was co-authored with Dr Peter Babyenda and formed part of the scholarly contributions presented at the World Congress on Noonomy in Rome, Italy.
Prioritizing Human-Centred Development
Dr Peter Babyenda said Makerere University’s participation in the World Congress on Noonomy in Rome marked an important step in the University’s international engagement with the Theory of Noonomy.
“The engagement paves the way for establishing a Centre of Excellence for Noonomy at the School of Economics, under the College of Business and Management Sciences (CoBAMS),” he stated.
Dr Babyenda explained that the Theory of Noonomy places human welfare at the centre of development, arguing that development should be assessed not only through productivity and infrastructure, but also by how it improves people’s wellbeing.
He said consumption, knowledge transfer and solidarity are important considerations, including in the application of emerging technologies such as Artificial Intelligence.
Dr Babyenda revealed that Uganda has been offered an opportunity to host an upcoming World Congress on Noonomy, which he said could bring together participants from more than 55 countries and create opportunities for academic exchange, industry engagement and international visibility for Uganda.
He called upon the academia and industry to collaborate with Makerere University in advancing its engagement with the emerging field.
The Signing of the MoU at the Global Congress of the World Association of Noonomy marks a milestone in Makerere University’s efforts to contribute to international scholarly discussions on alternative approaches to understanding economic systems and development.
Business & Management
Makerere Leads Africa in Pioneering Theory of Noonomy
Published
2 weeks agoon
September 21, 2026By
Mak Editor
Makerere University once more leads the African continent in pioneering working with the Theory of Noonomy by signing a Memorandum of Understanding (MoU) with the World Association of Noonomy on 19th September 2026 during its Annual gathering in Rome, Italy.
The MoU was signed on behalf of Makerere by the Deputy Vice Chancellor in charge of Academic Affairs (DVCAA) Prof. Sarah Ssali and Prof. Sergey Bodrunov who developed the Theory of Noonomy. In attendance at the gathering and MoU signing were the Principal, College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale, Dr. Peter Babyenda-CoBAMS, and Ugandan Economist based in Russia, Dr. Tonny Mayambala-Sebbaggala.
Commenting on the development, the Vice Chancellor, Prof. Barnabas Nawangwe said, “By signing this MoU, the African Centre for Noonomy has been established at Makerere University. This adds to the growing number of African continental research centres that are coordinated by Makerere University. Makerere is clearly a leader on the Continent.”
The Theory of Noonomy is effectively a Political Economist Approach to studying the material relations of production and consumption, for a more sustainable world.
Congratulations Team Makerere University on this milestone!
Related Video: https://twitter.com/Makerere/status/2101214896666947735/video/1
Business & Management
CoBAMS, European Partners Launch Programme to Equip Students with Polycrisis Management Skills
Published
4 weeks agoon
September 8, 2026
By Hasifa Kabejja and Ritah Namisango
Makerere University, through the College of Business and Management Sciences (CoBAMS), in collaboration with international partners, is implementing a Blended Intensive Programme (BIP) aimed at equipping a new generation of professionals in Africa and Europe with the knowledge and practical skills needed to understand and respond to complex, interconnected global crises.
Held under the PolyCIVIS network, the programme, titled Enhancing Skills in Polycrisis Management: African and European Approaches, brings together participants from Makerere University, the University of Salzburg, the National and Kapodistrian University of Athens, and Universidad Autónoma de Madrid.
It was competitively secured under the 6th Call for CIVIS Blended Intensive Programmes by the Makerere PolyCIVIS team, comprising Prof. Edward Bbaale from the School of Economics, CoBAMS; Dr. Anthony Tibaingana from the School of Business, CoBAMS; and Dr. Kamatara Kanifa from the College of Agricultural and Environmental Sciences (CAES).

The European facilitators include Prof. Gudrun Zagel, Dr. Sabine Hennig, and Dr. Roman Puff, all from Paris-Lodron University of Salzburg, Austria.
Tackling the Growing Reality of Polycrises
Funded by the European Union through the Erasmus+ Programme under the Jean Monnet Networks, the initiative responds to the growing reality of polycrises – situations in which multiple crises, including climate change, pandemics, displacement, poverty, environmental degradation and economic instability, interact and compound one another, often resulting in consequences more severe than those of individual crises.
The BIP Workshop at Makerere University
The BIP combines virtual and physical learning to give participants both theoretical grounding and hands-on experience in polycrisis management.
During the virtual component conducted in May 2026, participants including students and academics from the participating institutions worked in interdisciplinary teams to analyze real-world scenarios, including climate disasters, refugee crises, pandemics and urban waste management. The students were required to develop and present polysolutions from the perspectives of different stakeholders, including governments, civil society and academic institutions.

The physical component, taking place in Kampala from 7th-11th September 2026, brings together students from across CIVIS consortium universities to complete the remaining course content, participate in practical activities, and develop solutions to real-world polycrisis challenges. It also provides participants with an opportunity to examine real-life Ugandan cases, including the Kitezi landfill disaster and the Bulambuli landslides. Through these case studies, students will explore how crises intersect with public health, environmental protection, poverty, security, and sustainable development, while gaining practical insights into integrated approaches to crisis management.
On the first day of the training, participants undertook an excursion to the Kiteezi Landfill. During the week, they will also engage with experts from the Kampala Capital City Authority (KCCA), civil society and academia, and work in thematic groups to explore the legal, economic, sociological, historical, communication and educational dimensions of Kampala’s waste management challenges.
The teams will subsequently develop a Kampala waste policy paper and accompanying presentations, proposing integrated approaches to addressing the city’s waste crisis.

The learning approach incorporates case studies, simulations, role-play, guest lectures, peer learning, interdisciplinary teamwork, and problem-based learning. Participants are encouraged to move beyond identifying problems to developing practical and sustainable solutions.
Call for Integrated Approaches to Complex Global Challenges
Officially opening the programme, Makerere University Vice Chancellor, Prof. Barnabas Nawangwe, represented by the Deputy Vice Chancellor (Finance and Administration), Prof. Henry Mwanaki Alinaitwe commended the team for securing the programme.
Addressing participants, he emphasized the need for universities to move beyond fragmented approaches to problem-solving and develop integrated responses to increasingly complex global challenges.
“Interconnected problems cannot be adequately addressed through fragmented solutions,” Prof. Nawangwe observed, stressing the importance of collaboration across disciplines, institutions, sectors and countries.

He noted that no single discipline or institution possesses all the knowledge required to address the challenges confronting societies today, calling for stronger integration of fields such as economics, public health, environmental science, engineering, governance, technology and the social sciences.
Embracing Innovative and Sustainable “Polysolutions”
Prof. Nawangwe further emphasized the importance of developing innovative and sustainable “polysolutions”- integrated responses that address multiple, interconnected crises while minimizing unintended consequences across other sectors.
He underscored the value of combining African and European perspectives, noting that while crises may manifest differently across regions because of differences in history, institutions and resources, challenges such as climate change, migration, pandemics, conflict and economic instability increasingly transcend national boundaries.
He described the partnership as an opportunity for mutual learning and co-creation of knowledge, rather than a one-way transfer of expertise.

“We must bring these experiences into conversation and determine what works, under what circumstances, and how solutions can be adapted to different social, economic and institutional contexts,” Prof. Nawangwe said.
Collaboration Beyond the Blended Intensive Programme
The Vice Chancellor expressed hope that the collaboration would extend beyond the BIP into joint research, publications, teaching, student supervision and other sustained academic initiatives.
He challenged the participants to make the most of the opportunity by learning across disciplinary boundaries, questioning established assumptions and focusing on solutions.
“The world you are preparing to lead will require people who can understand complexity, work across institutional and disciplinary boundaries, and convert knowledge into practical responses,” he said.
Ebola Outbreak Demonstrates the Interconnected Nature of Modern Crises
The Vice Chancellor further observed that the postponement of the physical component of the training following the outbreak of Ebola underscored the interconnected nature of modern crises. He noted that a health emergency can quickly disrupt education, international mobility, economic activity and institutional planning.

Appreciation by the Vice Chancellor
He commended the PolyCIVIS team and partner universities for bringing the initiative to fruition, expressing confidence that the programme would generate practical and innovative polysolutions to some of the challenges facing societies.
Strengthening international academic collaboration
In his capacity as Principal of CoBAMS, Prof. Edward Bbaale described the programme as a significant reflection of the College’s commitment to fostering an integrated approach to teaching, research, policy engagement and international collaboration.
He noted that the increasingly complex challenges facing society require institutions and professionals to transcend geographical and disciplinary boundaries and collaborate across diverse fields of expertise.

Prof. Bbaale further highlighted the value of bringing Makerere students and faculty into direct engagement with colleagues and practitioners from partner universities.
“Such engagements enrich the learning experience while creating opportunities for sustained collaboration in research, teaching and student supervision. For Makerere University, the programme represents a practical expression of its internationalization agenda, creating opportunities for students and academics from different countries to exchange knowledge, share expertise and work together to address complex societal challenges.”
Preparing future leaders for complex challenges
The programme seeks to enable learners to identify, assess and manage polycrisis situations in line with the UN Sustainable Development Goals (SDGs), while building competencies in addressing the social, environmental and economic dimensions of crises.

It also aims to develop practical skills in designing and evaluating integrated policies and polysolutions, including effective communication and public awareness strategies.
Ultimately, the initiative seeks to strengthen participants’ critical thinking, digital, spatial and 21st-century skills while promoting interdisciplinary and transdisciplinary collaboration.
The BIP also serves as a pilot initiative for the planned Joint Master’s Programme on Managing Polycrises under the PolyCIVIS framework.
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