General
Makerere University Explores Expanded Partnership with Stanbic Bank to Advance Innovation and Investment
On 5th March 2025, the Vice Chancellor, Makerere University, Prof. Barnabas Nawangwe, paid a courtesy visit to Stanbic Bank Uganda’s Chief Executive Officer, Mr Mumba Kalifungwa. The purpose of the visit was to explore areas for further collaboration with Stanbic Bank Uganda to strengthen innovation, entrepreneurship, and strategic investment.
The engagement reaffirmed the long-standing relationship between the two institutions and provided an opportunity to explore how academia and the financial sector can work together to unlock opportunities for students, staff, alumni, and the broader Ugandan community.
Discussions during the meeting focused on innovation and entrepreneurship support, student development programs, infrastructure partnerships, and investment opportunities linked to the University’s strategic development agenda.
Driving Innovation and Youth Entrepreneurship
During the engagement, the Vice Chancellor highlighted Makerere’s continued efforts to position itself as a research-led and innovation-driven university, emphasising the importance of partnerships with industry in translating academic research and ideas into practical solutions.
He underscored the need to empower young people with the skills and support required to create enterprises and generate employment opportunities, given Uganda’s fast-growing population, particularly the mushrooming young population. According to UBOS, by 2024, the young population was approximately 22.8 million persons out of a total population of 45.9 million people.
“If we do not support young people to innovate and create enterprises, we risk facing serious economic and social challenges. The employment of the future will increasingly be created by young people themselves,” he noted.
Among the proposals discussed was the possibility of establishing a Stanbic-supported innovation competition, aimed at stimulating entrepreneurship and providing a platform for students and young innovators to transform ideas into viable businesses.
Such an initiative could build on existing innovation and incubation programs run at Makerere and Stanbic Bank while strengthening collaboration between academia and the private sector in supporting enterprise development.
Expanding Strategic Collaboration
Speaking during the meeting, Mr Mumba Kalifungwa, the Chief Executive Officer of Stanbic Bank Uganda reaffirmed the bank’s commitment to strengthening its partnership with Makerere University.
He noted that while the bank has long provided financial services to the university and its staff, there is a significant opportunity to deepen collaboration in areas that generate broader societal impact.
“As an institution, we are interested in partnerships that go beyond financial services to create meaningful impact in society through the Stanbic Bank positive impact agenda. Education is one of the most important sectors through which we can drive that impact,” he noted.
The CEO also highlighted Stanbic Bank’s National Schools Championship program, which promotes innovation among secondary school students across Uganda, noting that a similar approach could potentially inspire initiatives at the university level.
Exploring Investment and Infrastructure Opportunities
The meeting also explored opportunities for collaboration in investment and commercialisation initiatives linked to university infrastructure and land assets.
University representatives shared insights into ongoing efforts to explore public–private partnership (PPP) models for strategic investments aimed at improving infrastructure and unlocking value from underutilised university assets.
Potential development opportunities discussed include projects related to hospitality facilities, commercial spaces, and other revenue-generating infrastructure within and around the university. Such initiatives could provide sustainable revenue streams for the university while creating opportunities for private sector participation in campus development.
Supporting Students, Staff, and Alumni
Additional discussions focused on expanding programs that benefit the wider Makerere community. These include financial literacy initiatives for students, expanded internship and graduate training opportunities, and collaborative programs to support student entrepreneurship and enterprise development.
The meeting also explored opportunities for collaboration in alumni engagement, leveraging Makerere’s extensive global alumni network to strengthen partnerships between the university and industry.
Programs aimed at improving financial preparedness and retirement planning for staff were also discussed, alongside potential housing and asset financing solutions tailored to the needs of university employees.
“Through this partnership, we are exploring opportunities that support the entire Makerere community, from financial literacy and entrepreneurship programs for students to internship pathways, alumni engagement, and financial preparedness initiatives for staff. These efforts will be anchored within the renewed collaboration framework between Makerere University and Stanbic Bank Uganda,” said Mr Awel Uwihanganye, Chief Advancement Officer.
The Chief Advancement Officer further noted that these initiatives are expected to be anchored within a renewed Memorandum of Understanding (MoU) between Makerere University and Stanbic Bank.
A Shared Vision for Impact
Both institutions expressed optimism about the potential of the partnership to contribute to national development by supporting innovation, enterprise creation, and the development of future leaders.
As Makerere University continues to strengthen its role as a leading research and innovation institution in Africa, partnerships with forward-looking institutions such as Stanbic Bank Uganda remain critical in advancing the university’s mission of generating knowledge, nurturing talent, and driving solutions that address national and global challenges.
Caroline Kainomugisha is the Communications Officer, Advancement Office, Makerere University
Makerere University has once again cemented its place as a regional leader in academic excellence after successfully hosting the East African Universities Debate Championships (EAUDC) 2026, welcoming the continent’s brightest young minds for a week of intellectual competition, cultural exchange, and leadership development.
Held from 26th July to 1st August 2026, the championship brought together more than 200 student debaters, adjudicators and delegates from 25 universities across Uganda, Kenya, Tanzania, Rwanda, South Sudan and other invited institutions, transforming the Ivory Tower into East Africa’s premier arena for ideas, innovation and public discourse.
The week-long tournament featured rigorous British Parliamentary debate rounds, public speaking competitions, adjudication workshops and networking sessions designed to sharpen critical thinking, leadership and persuasive communication. Participants debated contemporary issues ranging from governance and economic transformation to technology, public health, climate change and Africa’s future.
Speaking at the opening ceremony, the Deputy Vice Chancellor welcomed delegates to Makerere University, emphasizing the institution’s enduring commitment to nurturing graduates who are not only academically accomplished but also capable of leading meaningful conversations that shape society. The championship reflected Makerere’s vision of producing graduates who are innovative, analytical and prepared to address regional and global challenges.
Beyond competition, EAUDC 2026 became a celebration of East African unity. Delegates experienced Uganda’s rich cultural heritage through social events, campus tours and cultural showcases that fostered friendships beyond national borders. The interactions reinforced the championship’s belief that dialogue remains one of the strongest foundations for regional integration and peaceful cooperation.
The tournament concluded with an electrifying Grand Finale witnessed by students, alumni, university leaders, invited guests and debate enthusiasts. The Chairperson of the Parliamentary Committee on Education and Sports Hon. Eng. Cuthbert Abigaba represented the Speaker of Parliament as the Guest of Honour. In his remarks he congratulated Makerere University on the successful event and encouraged debate among students.
Prof Sarah Ssali the Deputy Vice Chancellor in charge of Academic Affairs at Makerere University pledged continuous support from the administration towards Makerere Debate Union. Teams demonstrated exceptional research, analytical reasoning and eloquence before a distinguished panel of international adjudicators, bringing to a close one of the most competitive editions of the championship.
The successful hosting of EAUDC 2026 marks another milestone in Makerere University‘s growing reputation as a centre of excellence for debating and public speaking. The event builds on the university’s long-standing tradition of producing outstanding debaters while providing students with opportunities to engage with peers from across the region in meaningful intellectual exchange.
As the championship drew to a close, participants departed Kampala with new friendships, stronger networks and renewed inspiration to continue using debate as a tool for leadership, democratic participation and social transformation.
With the East African chapter successfully concluded, attention now turns to the Pan-African Universities Debating Championship (PAUDC) 2026, where Makerere University will once again represent East Africa on the continental stage.
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