Business & Management
Participants advocate for Climate-Integrated Economic Decision-Making at First African Symposium on Natural Capital Accounting
Published
2 months agoon

Makerere University successfully hosted the First African Symposium on Natural Capital Accounting and Climate-Sensitive Macroeconomic Modelling (12th to 13th February 2026), a landmark continental gathering aimed at strengthening Africa’s ability to integrate climate and natural capital issues into economic and fiscal decision-making.
Held under the theme “Climate-Sensitive Macroeconomics: Rethinking Growth in Africa’s Natural Resource”, the two-day symposium attracted over 250 participants from Africa, Europe and beyond, consisting of policymakers, researchers, universities, think tanks, development partners, and media representatives, who collectively called for deeper research–policy collaboration to drive sustainable development.
Consensus on Natural Capital Accounting and Climate-Sensitive Macroeconomic Modelling
Following the two-day proceedings, including a compelling keynote address, expert opinions, technical and research-informed presentations, panel discussions, the participants agreed to undertake the following strategic approaches.
- Strengthening Macroeconomic Analysis and Uptake
- Building National Eco-Systems
- Promoting Peer Learning and Regional Exchange
- Building an Africa knowledge and learning community
Africa-Centred strategies
The participants committed to the development of Africa knowledge and learning community on Climate-Sensitive Macroeconomics, as part of the Pan-African Finance Ministers’ Forum on Climate Action (PAFCA), with the following objectives:
- Producing regionally anchored analysis that supports the economic case for climate action in Africa
- Strengthening the relevance of economic analysis to support Governments in Africa to deal with trade-offs and take informed policy decisions
- Ensuring sustainability and local ownership by systematically strengthening the capacity of national universities, research centres, and training institutions
- Fostering peer-learning, maximizing synergies, and avoiding duplication of research and training initiatives
Emphasizing the role of regional centres of excellence
The participants stressed the role of regional centres of excellence, such as the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM) at Makerere University, in convening dialogue, and supporting collaboration among institutions.
Highlights
The symposium was officially opened on 12th February 2026 by the Minister of State for Finance (General Duties), Hon. Henry Musasizi. The Minister of State for Environment, Hon. Beatrice Anywar Atim, also participated in the Symposium.

The Symposium was intended to strengthen Africa’s analytical and institutional capacity to ensure that climate risks and natural resource depletion are reflected in national planning, macroeconomic modelling, and fiscal frameworks.
Call for Research that Impacts Policy
Addressing the participants at the symposium, Prof. Edward Bbaale, Principal, Makerere University College of Business and Management Sciences (CoBAMS), emphasised the need for African institutions to build stronger coalitions and improve knowledge sharing to avoid duplication of research efforts.

“We are doing research, and we developed a Natural Capital Accounting model and developed a short course. We are involved in the NCA processes and we are engaging the relevant MDAs. We are writing fiscal policy briefs on existing NCA accounts,” Prof. Bbaale said.
He added that Makerere University is already expanding its academic offerings to respond to Africa’s emerging climate governance needs. “We are looking at integrating natural capital and climate into modelling and many other short courses already part of our menu. We partner but Africa is looking at its uniqueness,” he said.
Prof. Bbaale stressed the need for collaboration across institutions. “We want to partner with other ministries, universities and other think tanks and have a feedback relationship,” he stated.

Climate Policy is a Governance Challenge
Prof. Bbaale urged participants to look beyond technical modelling and address governance barriers that prevent evidence-based decision-making.
“Bridging the gap between climate science and policy is not merely a technical task — it is a governance challenge that requires structured collaboration between researchers and decision-makers,” he said.
Finance Ministry integrating Climate into Macroeconomic Models

Dr Albert Musisi, Commissioner for Macroeconomic Policy at the Ministry of Finance, Planning and Economic Development (MoFPED) said Uganda is increasingly prioritising climate-sensitive planning due to its vulnerability to climate shocks.
“There is a need to build capacity in climate-sensitive macroeconomic modelling. We are integrating climate change into macro models,” Dr. Musisi said.
He noted that Uganda’s development planning must incorporate both climate mitigation and adaptation strategies. “We need to combine mitigation and adaptation in our work,” he added.
Dr. Musisi explained that climate change has already affected Uganda’s economic growth, prompting government to improve its modelling systems. “Our growth was being affected by climate change which wasn’t being captured and we decided to capture this into our integrated model. We are extending the social accounting matrix to fit in our IMEM,” he said.
He said government is still relying on external models and requires collaboration with academic institutions to strengthen local capacity.
“We have not yet been able to conclude and that’s why we need to collaborate with Makerere University, and other partners. We are using external models. We need a framework to bring in all issues to do with mitigation and adaptation,” Dr. Musisi said.
He added that Uganda is now factoring climate financing into its planning frameworks. “Uganda has higher vulnerability to climate change shocks and lower scores for readiness to respond compared to peer states in East Africa. This is why the Ministry of Finance, Planning and Economic Development (MoFPED) is incorporating climate change into its macroeconomic planning,” Dr. Musisi said.
“What we are now doing is incorporating climate financing in all our plans,” he added.
Experts Urge Climate Research that Shapes Investment Decisions
Associate Professor and Dean at Makerere University School of Economics, Dr. Ibrahim Mike Okumu, said climate research must go beyond theory and directly influence investment and policy.

“The question before us is not whether climate-research matters, but how it shapes policy and investment decisions,” Assoc. Prof. Okumu said.
He pointed to Uganda’s progress in climate budgeting while acknowledging that natural capital accounting is still evolving.
“In Uganda, initiatives such as climate budgeting signal progress. Natural Capital Accounting remains a work in progress. Climate change demands research in local capacity. Advancing macroeconomic modelling is essential for sustainability,” he said.
Development partners applaud Makerere’s Leadership
Amrei Horstbrink, a representative from the United Nations Partnership for Action on Green Economy (PAGE), applauded Makerere University and its partners for pushing the climate governance agenda forward.
She emphasised the need for universities to shift from academic outputs to measurable policy influence.

Training Gaps in Economics Curricula Highlighted
Meanwhile, Prof. Heinrich Bohlmann from the University of Pretoria warned that climate and macroeconomic modelling remains underrepresented in economics education across the continent.
“Economy-wide system thinking is key when evaluating climate shocks and policy responses, however, these remain largely absent from most economics curriculums. More training for both teachers and students are required,” he said.
Way Forward
The symposium concluded with renewed calls for African governments and academic institutions to build stronger institutional frameworks, invest in climate modelling skills, and develop locally-driven research capable of shaping fiscal policy.
Participants also urged universities to introduce more short courses in climate change and macroeconomic modelling, and to strengthen collaboration with ministries and development partners to ensure research translates into tangible policy reforms.

The symposium was held under the banner #AfricaNCASymposium26, with organisers describing it as a major step toward aligning Africa’s economic growth ambitions with environmental sustainability.
Organizers
The two-day Symposium was held under the auspices of Makerere University (Mak), the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM), in partnership with the Ministry of Finance, Planning and Economic Development (MoFPED) in Uganda, Environment for Development (EfD) Initiative, Mak College of Business and Management Sciences (CoBAMS), the Coalition of Finance Ministers for Climate Action (CFMCA), the Partnership for Action on Green Economy (PAGE), and the Global Green Growth Institute (GGGI).
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Business & Management
Driving Sustainable Growth: Eco-Efficiency and Cleaner Production are vital in shaping the future of Micro, Small and Medium Enterprises
Published
2 weeks agoon
April 20, 2026
By Ritah Namisango and Christopher Kaahwa
On Wednesday, 15th April 2026, the School of Business under the College of Business and Management Sciences (CoBAMS) at Makerere University hosted a project dissemination workshop that brought together researchers, practitioners, policymakers and faculty members.
The workshop focused on the presentation of findings and policy recommendations from the research project titled: Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda.
Opening the workshop, Associate Professor Godfrey Akileng, the Dean, School of Business represented by Dr. Anthony Tibaingana, the Head, Department of Marketing and Management welcomed participants and highlighted the role of research in connecting Makerere University to the wider community.
He noted that MSMEs form the backbone of Uganda’s economy making up the largest share of businesses across sectors and because of this, any meaningful research must speak directly to their realities.

The Dean of the School of Business commended the project team namely Dr. Marion Nanyanzi, Dr. Kasim Sendawula, and Associate Professor Peter K. Turyakira, for positively contributing to the university’s goal of being a research-led institution.
He explained that Eco-Efficiency (EE) is about using available resources wisely not just for today, but for tomorrow and generations to come. “In a country where most businesses operate on a small scale, understanding how to produce more with less is essential,” he said.
Dr. Tibaingana acknowledged the government of Uganda through the Makerere University Research and Innovation Fund (MakRIF) for funding the research project titled, Promoting Eco-Efficiency (EE) and Cleaner Production (CP) for sustainable development of Micro, Small and Medium Enterprises (MSMEs) in Uganda. He recognized Professor Fred Masagazi Masaazi, Chairperson of the Mak RIF Grants Management Committee (GMC) and thanked him, for gracing the dissemination workshop with his personal presence.
Achieving sustainable growth through eco-efficiency and cleaner production
The main presentation led by Dr. Marion Nanyanzi, the Principal Investigator (P.I.) unpacked the research project in a detailed and practical way. At its core, the study explored how MSMEs, particularly in the Food and Beverage (F&B) Service sector in Uganda can achieve sustainable growth by balancing three key areas: economic performance, environmental responsibility and social contribution.
From a social perspective, Dr. Nanyanzi stated that businesses were found to be playing an important role in creating jobs, supporting local suppliers, and contributing to community activities. She added that the study was also focused on reducing environmental harmful practices such as reliance on charcoal and firewood and adopting cleaner energy sources that would economically yield increased profits for enterprises.

The study revealed that while these enterprises significantly contribute to employment and government revenue, they face serious constraints pointing out that high operational costs especially electricity remain a major challenge. “ So, many businesses are forced to turn to cheaper alternatives that are harmful to both health and environment creating a difficult balance between survival and sustainability,” she said.
Amidst these challenges, the study highlighted the resilience and creativity of entrepreneurs. It was found out that many business owners have developed coping strategies to remain operational with some of them adjusting production depending on customer flow especially in areas such as Kampala where demand fluctuates with academic calendars. Dr. Nanyanzi noted that other entrepreneurs have found ways to manage resources more carefully for instance through switching on refrigerators at night when electricity tariffs are lower or re-using water to reduce costs.
Makerere University Guest House highlights its cleaner production strategy
Adding a practical perspective to the study, Mr. Patrick Ojiambo Lwande, the manager of Makerere University Guest House shared how cleaner production is being implemented by the facility in its everyday operations. He mentioned that the facility undertakes waste segregation, recycling and proper waste management as key practices. “Organic waste is separated and repurposed, recyclable materials are re-used and hazardous waste is carefully handled to avoid environmental pollution,” he stated.

Appreciation of eco-efficiency and cleaner production measures
These practices reflect an emerging understanding of eco-efficiency by business owners who are beginning to recognize that reducing waste and conserving resources can directly improve their production line.
The study also found out that many enterprises are making efforts towards cleaner production. Hygiene standards are being improved, waste is better managed and emissions are controlled through simple measures such as chimneys and ventilation system. In some cases, food waste is used as animal feed while other organic materials are re-used in farming. However, the progress to transition towards more sustainable practices is slowed down by various obstacles including limited financial capacity, lack of technical skills and low awareness among business owners.
Key recommendations
To address these gaps, the project team proposed the following practical recommendations:
- Increasing access to affordable financing by government and financial institutions through introducing subsidies, grants, or low-interest green financing schemes to support investment in cleaner production technologies,
- Promoting public-private partnerships to lower the cost of eco-efficient equipment and infrastructure,
- Undertaking capacity building and training programmes, awareness and sensitization campaigns,
- Strengthening institutional and regulatory frameworks, research and innovation support,
- Providing support for small and informal businesses by designing tailored interventions for micro and small enterprises, and
- Encouraging business clustering and cooperative models to enable shared access to eco-efficient technologies and resources.
MakRIF supports research that addresses national priorities
Professor Fred Masagazi Masaazi, Chairperson of Mak-RIF Grants Management Committee (GMC) emphasized the importance of research that addresses national priorities, noting that government support for research is meant to generate practical solutions.

Professor Masagazi Masaazi highlighted the critical role of micro, small, and medium enterprises (MSMEs) in Uganda’s economy, describing the research presented as both timely and relevant. “This is exactly the kind of research Uganda needs — research that directly impacts society and supports economic transformation,” he said.
He encouraged researchers to explore collaborations across disciplines. “Bringing together expertise from different fields can lead to stronger and more impact-oriented solutions that respond to the country’s development needs,” he added. He also called for greater engagement with policymakers and industry players during dissemination.
Research and Industry pathways
The Dean, School of Business, Associate Professor Godfrey Akileng urged researchers, faculty and participants at the dissemination workshop to rethink how research translates into real economic value, emphasizing stronger research to industry pathways at Makerere University and beyond.

Promoting environmental compliance
Mr. Peter Ssekajja, Senior Environmental Officer (Cleaner Production), National Environment Management Authority (NEMA) informed participants about the ongoing efforts to promote environmental compliance, referencing the establishment of a Compliance Assistance Unit and the introduction of the National Environment Sustainability Awards as some of the supporting measures.
He stated that these initiatives aim to support businesses in adopting sustainable practices while recognizing those that are leading the way. “Environment is no longer just about enforcement, but also about guidance, innovation and collaboration,” he emphasized.

Mr. Ssekajja reflected on the changing nature of environmental challenges as populations grow and resources becoming more strained. He appealed for efficient and responsible use of resources by business owners. He implored the business owners to consider sustainability not as a burden, but as an opportunity.
Participants enlightened on eco-efficiency and cleaner production
Dr. Jude Mugarura, the Head, Department of Marketing and Management, appreciated the dissemination workshop which presented them with an opportunity to listen to both the research project team and two practitioners namely Makerere University Guest House, and the National Management Environment Authority (NEMA). “We are therefore able to bridge the academia and the field of practice,” said Dr. Mugarura.

Dr. Seperia Bwadene Wanyama, from the School of Business, thanked Mr. Peter Ssekajja from NEMA for his presentation on cleaner production and eco-efficiency, which demonstrated to the participants some of the day-to-day wasteful practices with respect to resources, that they were engaged in, without knowing the implications. A key highlight focused on the usage of water in toilets which indicates the button to press after a short call, and the one to press after a long call, which would greatly save water consumption. “Learning is a continuous process. I have learned from the presentations of the findings by the research project team, as well as, Mr. Peter Ssekajja, who provided an informative presentation on real life practices on eco-efficiency and cleaner production.”
Conclusion: Toward a Clean and Resilient Economy
The workshop concluded with a strong call for collective action to support MSMEs in adopting eco-efficient practices. With the right support, small businesses can become engines of sustainable development. “This study provides practical insights that, if implemented, can transform MSMEs into drivers of sustainable development,” Dr. Sendawula emphasized.

Overall, the research outlines a clear pathway toward a greener, more resilient Ugandan economy—where MSMEs thrive while contributing to environmental sustainability and social well-being.
Business & Management
Academia Urged to Probe Donor Behaviour as Aid Cuts Threaten Service Delivery
Published
2 weeks agoon
April 20, 2026By
Jane Anyango
Academics, researchers and students at Makerere University have been urged to deepen research into whether international donors cooperate or compete in the provision of aid, amid growing concerns that shifts by major funders could significantly affect service delivery in developing countries.
The call was made during a public lecture delivered on April 16, 2026, by French economist Nathalie Ferriere, titled “Donor Cooperation or Competition: What Do We Know from Economics Research and What Should We Investigate.” The lecture, part of the Environment for Development Initiative seminar series, attracted faculty, researchers and students .

Ferriere, an Associate Professor at Sciences Po Aix affiliated with the Aix-Marseille School of Economics, is in Uganda for a two-week research engagement involving consultations with government institutions including the Ministries of Finance and Health as well as local governments.
Study Donor Reactions to Aid Withdrawals
Ferriere said her research focuses on how donors respond when a major funder withdraws support particularly in sensitive sectors such as family planning.
“My research here is about the interaction between family planning providers’ aid. I look at how the withdrawal of US aid in given years affects the spending of other donors,” she explained.
She noted that her findings show a delayed but concerning pattern.

“Once the US stops giving family planning aid, other donors at the beginning do not react for one or two years but after, they also start to reduce funding,” she said.
Ferriere warned that such trends could have direct implications for countries like Uganda, where a significant portion of health services relies on foreign aid.

“If you have a decrease in this aid, you will have a decrease in family planning provision,” she said adding that governments must anticipate such shifts.
“If you want to keep the same level of services, the government should increase its own expenditure. My next research will be to understand how governments respond in such situations,” she added.

Lecture Opens New Research Frontiers
College Principal and EfD centre Director Edward Bbaale described the lecture as timely and aligned with the university’s strategic direction to strengthen research and international collaboration.
“The topic speaks a lot to me because it opens up research frontiers. What should we really take on as researchers? How else can we look at cooperation or competition in terms of aid?” Bbaale said.

He commended Ferriere for partnering with Makerere researchers on aid-related studies, noting that such collaborations are critical for building a research-driven institution.
“We are excited that of all universities in Africa, you chose to work with researchers from Makerere University,” he said.

Bbaale emphasized that the university is positioning itself as a research-led institution, with internationalization and partnerships at its core.
“A research university is not only about teaching. It is about meetings like this to exchange ideas, to understand where we are and where we are going,” he added.
Donor Behaviour Key to Development Outcomes
Lecturer John Bosco Oryema said the lecture underscored the importance of understanding donor dynamics for countries dependent on external funding.

“When a big donor behaves in a specific way, other donors will follow in the same way,” Oryema noted.
“For developing countries that depend on aid, we need to study the behaviour of our donors. When one reduces, others may also reduce, and our development interventions may fail,” he warned.

Researcher Alice Nalwera highlighted the tendency of donors to align their decisions based on actions taken by leading funders.
“Most donors tend to cooperate and follow what others are doing. There is an aspect of information sharing,” she said.

“What the US is doing will greatly influence what other donors do in terms of disbursement,” she added..
Evelyn Nizame, a third-year economics student said cooperation among donors is essential.

“It is very important for donors to cooperate on key projects to deliver quality services to the people,” she said.
Another student, Nabakoza Joan, emphasized the risks of fragmented aid. “When there is a lot of competition, there is fragmentation of funds. But if donors cooperate under one policy, it leads to better outcomes for developing countries,” she explained.

Business & Management
EfD Uganda sends off internee Ruth Asiimwe to African Development Bank, prides in strong mentorship
Published
2 weeks agoon
April 20, 2026By
Jane Anyango
Environment for Development (EfD) Centre at Makerere University on 16th April 2026 bid farewell to its third intern, Ruth Asiimwe, who has secured a position with the African Development Bank in Juba South Sudan, with staff and alumni hailing the programme’s growing record of nurturing top talent.
Asiimwe’s departure adds to a list of successful transitions by EfD interns into key national and international institutions. The centre’s first intern, Alice Nalweera, joined the Economic Policy Research Centre (EPRC) before becoming an assistant lecturer at Makerere University’s School of Economics, while the second, Lean Ankunda, was recruited by the Bank of Uganda.
Speaking at the farewell, Policy Engagement Specialist Peter Babyenda said Asiimwe’s achievement reflects the strength of EfD’s mentorship model.

“In the same way we bid farewell to Alice and Lean as they moved on to EPRC and Bank of Uganda respectively, today we are here again because of the mentorship we are providing,” Babyenda said. “Ruth is now joining the African Development Bank in Juba, and we are proud of her.”
Babyenda also credited the EfD leadership and partners, noting that the Sida-funded centre, established in 2019, has consistently invested in building research capacity among young scholars.

“We started this mentorship programme to help students learn from what we are doing and become researchers. Wherever you go, please represent us well,” he added.
“A nursery bed for young professionals”
The Director of the EfD Makerere Centre, Prof. Edward Bbaale, described the centre as a “nursery bed” for young professionals, emphasizing its role in shaping future leaders.
“EfD is a place where we nurture seedlings and later transplant them into the main garden. Ruth has been very diligent and professional, and I have no doubt she will represent us well,” Bbaale said.

He added that Asiimwe’s move extends the centre’s influence beyond Uganda. “She is not leaving the EfD network; rather, our footprint is expanding to the African Development Bank and to another country. This makes collaboration easier and strengthens our presence.”
Centre Manager and Supervisor Gyaviira Ssewankambo said the internship programme was introduced to strengthen internal capacity and has since evolved into a critical talent pipeline.

“Ruth has made us proud. She set a high benchmark, and we expect those coming in to build on that,” Ssewankambo said.
Research Fellow Dr. Nicholas Kilimani highlighted the importance of targeted mentorship and talent identification in building a strong team.

“We are dealing with highly specialised talent. The approach of identifying and nurturing dedicated young professionals has paid off, and Ruth is a clear example,” he said.
Staff members also praised Asiimwe’s character, describing her as humble, disciplined, and professional. Data Manager Fred Kasalirwe noted that beyond academic excellence, her soft skills set her apart.

“You may be academically strong, but without soft skills it is difficult to thrive. Ruth is extremely humble and will blend well in any environment,” he said.
Administrative Officer Hilda Makune echoed similar sentiments, saying Asiimwe’s positive attitude and interpersonal skills made her stand out.

“We will miss her. Her humility and teamwork have been exceptional, and we are confident she will represent us well,” Makune said.
Alice Nalwera, the pioneer intern, urged Asiimwe to uphold the centre’s reputation and inspire others.

“Wherever we go, we carry EfD with us. Talk good about the centre and inspire other young women to follow this path,” Nalwera said.
In her remarks, Asiimwe credited EfD for shaping her professional journey, emphasizing the importance of a supportive work environment.

“I have learned that working in a good environment with supportive leadership motivates you to do better. EfD has given me that foundation,” she said.
She also thanked her supervisors and colleagues for mentorship and guidance, noting that the experience had prepared her for the demands of her new role.

Asiimwe’s departure coincided with the introduction of a new intern, Kevin Apolot, who takes over as the centre continues its mentorship programme aimed at producing the next generation of researchers and policy professionals.

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