Business & Management
Uganda Launches Policy Briefs on Natural Capital Accounts to position Nature at the Centre of Economic Planning
Uganda has launched five policy briefs on Natural Capital Accounts aimed at integrating the value of the country’s forests, wetlands, water resources, land, energy systems and ecosystems into national economic planning and decision making.
The Policy Briefs, developed by the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM) under the College of Business and Management Sciences, were launched on Wednesday 15th July 2026 at Makerere University.
The initiative brings together government, academia and development partners to promote climate-informed economic policies as Uganda pursues sustainable development and its economic transformation targets.
The five policy briefs address Uganda’s energy transition, declining wood stocks, natural capital integration into development planning, sustainable land use, and national water accounting amid climate change.
The five policy briefs include:
- Uganda’s Wood Stock on a Declining Pathway to Extinction: A Call for Policy Review and Action
- Uganda’s Energy System at a Crossroads: The Unsustainable Reliance on Biomass and the Need for Energy Transition
- Integrating Natural Capital into Development Planning in Uganda: Insights from the Ecosystem Service and Asset Accounts (1990-2015)
- Leveraging Land Natural Capital to Drive Uganda’s Sustainable and Inclusive Growth
- National Water Accounts Development: Tracking Uganda’s Progress amidst Climate Change.
Link to the Policy Briefs: https://bams.mak.ac.ug/policy-briefs/
Speaking at the Launch of the policy briefs, the Minister of State for Environment, Hon. Beatrice Atim Anywar who represented the Minister of Water and Environment, said natural capital accounting provides Uganda with a new approach to valuing its environmental resources.
“Today, we are launching a new way of seeing, planning and managing Uganda’s development,” Hon. Anywar said.
She noted that for years, Uganda’s economic progress has largely been measured through indicators such as Gross Domestic Product (GDP), which do not capture the decline or improvement of natural resources.
“But GDP does not tell us if our forests, water sources and wetlands are shrinking. It does not tell us if our forests can still hold our waters or whether our soils will still feed the next generation,” she said.
Hon. Anywar said Uganda’s natural capital, including forests, wetlands, water resources, biodiversity, minerals and fertile soils, supports livelihoods, tourism, energy generation and climate resilience. “This natural capital supports over 70 percent of our population and powers our hydropower. It feeds into tourism and buffers us against droughts and threatening floods,” she said.
She warned that degradation of these resources represents a loss of national wealth. “When natural capital is degraded, we are not just losing trees, wetlands, water or soils. We are losing wealth. We are losing jobs for our children and future generations,” she said.
The Minister said natural capital accounting allows Uganda to place nature on its economic balance sheet. “This is what natural capital accounting does. It puts nature on the balance sheet. I studied basic accounting, but I never imagined that natural resources could also be reflected on a balance sheet. Today, that is becoming a reality,” she said.
She challenged all stakeholders to ensure that every future development decision considers its impact on Uganda’s natural capital, stressing that informed choices today will secure sustainable prosperity for generations to come.
Hon. Anywar also called for recognition of the role communities play in protecting natural resources, saying traditional knowledge must complement modern science.
“Our ancestors protected the environment without maps, technology or scientific reports. They knew which areas were sacred, where water sources were protected and where forests should not be disturbed,” she said. “When communities understand that protecting a wetland or forest protects their own livelihoods, we will not need constant enforcement. People themselves will become protectors of nature,” she added.
Research Must Drive Policy Decisions
Delivering the opening remarks, the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe highlighted the event as a significant milestone in strengthening climate-sensitive economic planning.
He noted that the theme of the launch and dissemination workshop, “Advancing Climate-Informed Economic Policy for Sustainable Development in Africa,” aligns with the research-led agenda of Makerere University.
Prof. Nawangwe said the launch demonstrates the role of universities in generating evidence to support national development. “Today’s event demonstrates the power of collaboration between academia, government and development partners in generating knowledge that informs public policy and advances Uganda’s sustainable development agenda,” he said.
Prof. Nawangwe said the policy briefs provide evidence needed for integrating natural capital into national planning, budgeting and investment decisions. He said the University will continue strengthening research capacity to support Uganda and Africa.
Emphasizing the urgency of informed decision-making, he observed that Africa remains one of the regions most affected by climate change while experiencing rapid population growth, placing increasing pressure on natural resources. He stressed that research-driven policies are essential for achieving climate resilience and sustainable economic growth.
The Vice Chancellor commended the Government of Uganda, particularly the Ministry of Finance, Planning and Economic Development, on the country’s historic appointment as the first Co-Chair of the Coalition of Finance Ministers for Climate Action.
He recognised the Centre of Excellence for Africa Climate-Sensitive Macroeconomic Modelling (CEACM) for advancing interdisciplinary research and strengthening Uganda’s position as a regional leader in climate-sensitive macroeconomic modelling and evidence-informed policymaking.
“The Centre continues to build the capacity of African researchers and policymakers while fostering partnerships with government institutions, development partners, regional organisations, and the private sector,” he said.
Strengthening Africa’s Climate Policy Research Agenda
Prof. Edward Bbaale, the Director of CEACM and the Principal, College of Business and Management Sciences (CoBAMS), reported on Makerere University’s investment in establishing specialised centres that address critical policy challenges facing Uganda and the African continent.
He stated that CEACM was established to respond to growing global demands for climate considerations to become part of national planning, budgeting and macroeconomic decision-making.
“The Centre is committed to producing high-quality policy-oriented research while strengthening the capacity of policymakers and practitioners to respond effectively to climate and economic challenges,” he said.
He explained that CEACM was established because climate change can no longer be separated from economic planning. “It is very important that national planning, budgeting, macroeconomic frameworks and fiscal policies are not oblivious to climate change, but instead fully integrate climate-related considerations,” he said.
He stated that CEACM’s work aligns with emerging global and continental initiatives, including the Coalition of Finance Ministers for Climate Action and the Pan-African Forum of Finance Ministers on Climate Action, underscoring the increasing role of finance ministries in integrating climate priorities into economic planning and fiscal decision-making.
Prof. Bbaale added that Makerere University had positioned itself as a partner to government through research, evidence generation and capacity building. “We could not stand aside. We have to be part of this global effort and contribute the much-needed evidence, research and capacity building to support the Ministry of Finance in executing this important responsibility,” he said.
He noted that Uganda’s role as the first African country to co-chair the Coalition of Finance Ministers for Climate Action had created an opportunity for local institutions to strengthen climate-sensitive economic modelling.
Uganda’s Progress in Integrating Natural Capital into Economic Planning
Representing the GGGI Country Representative, the Manager of Climate Finance, Mr. Arthur Ssebbugga-Kimeze commended Uganda’s efforts to integrate natural capital accounting into national economic planning. “This is a critical step towards climate-resilient and sustainable development,” he acknowledged.
The Manager of Climate Finance applauded the collaboration between Makerere University, the Ministry of Finance, Planning and Economic Development, and development partners in generating evidence that supports informed policymaking.
He also recognised the Government of Denmark for its continued support in advancing climate-smart economic policies through the Denmark-EGP partnership.
Emphasizing the significance of natural capital as a key pillar of economic prosperity, Mr. Ssebbugga-Kimeze called for sustained investment in protecting these assets. “Uganda’s experience is increasingly informing climate finance and policy discussions across Africa through the Pan-African Finance Ministers’ Forum on Climate Action,” he added.
He called for strong partnerships among government, academia, and development partners to ensure that research continues to drive evidence-based policymaking and sustainable economic growth, reaffirming GGGI’s commitment to supporting Uganda’s green growth agenda.
Policy Briefs Must Move from Shelves to Decisions
Representing the Embassy of Denmark in Uganda, Ms. Nina Guldbæk van Leeuwen, Counsellor and Team Leader for Politics, Regional Affairs and Refugee Support, said natural capital accounting is critical for building climate-resilient economies.
She commended Uganda’s leadership as co-chair of the Coalition of Finance Ministers for Climate Action. “These policy briefs are crucial in enhancing the role of economic, fiscal and financial policies in addressing climate change in Uganda and Africa as a whole,” she said.
Ms. Van Leeuwen said reliable natural capital accounts enable finance ministries to integrate climate considerations into economic planning. “Ministries of Finance require these accounts to support macroeconomic modelling, which can only be developed through a strengthened and collaborative national statistical system,” she said.
She urged stakeholders to ensure the research informs actual decisions. “Let us ensure that these policy briefs do not remain on institutional shelves but are actively used to inform decisions and policies going forward,” she said.
Natural Capital Data will improve Economic Decision
The Acting Commissioner for Macroeconomic Policy at Uganda’s Ministry of Finance, Planning and Economic Development, Mr. Davis Vuningoma, called for climate change to be treated as a macroeconomic and fiscal challenge rather than solely an environmental issue.
“Climate risks pose significant threats to agricultural productivity, energy generation, infrastructure, government revenues, and fiscal stability,” he noted.
Mr. Vuningoma said natural capital accounting will strengthen Uganda’s ability to make informed economic decisions.
He warned that climate change poses economic risks that could affect Uganda’s fiscal space. “If we do not address these challenges, our fiscal space could shrink, and our ability to provide public services could be affected,” Mr. Vuningoma said.
He said Uganda’s natural resources have historically not been fully reflected in traditional economic measurements. “Uganda is richly endowed with natural capital, including forests, wetlands and water resources. However, traditional measures of economic performance have often failed to fully capture the value of these assets,” he said.
Mr. Vuningoma said the policy briefs provide practical options for government as Uganda seeks to expand its economy. “This is particularly important at a time when Uganda is pursuing ambitious economic transformation targets, including the goal of growing the economy tenfold and achieving a USD 500 billion economy,” he said.
Key Findings Highlight Pressure on Uganda’s Natural Resources
Presenting the highlights, Dr. Peter Babyenda, the Coordinator of CEACM, disclosed that the policy briefs highlight growing pressure on Uganda’s natural resources.
The Energy System at Crossroads brief found that traditional biomass accounts for about 87 percent of Uganda’s final energy consumption, highlighting continued dependence on firewood and charcoal.
The Wood Stock Declining Pathway brief found that Uganda’s national wood resources declined by 45 percent between 1990 and 2015, with projections warning of possible exhaustion of available wood supply between 2032 and 2040 under current trends.
The Land Natural Capital brief identified unsustainable agricultural expansion, deforestation and urbanisation as major drivers of land degradation.
The Ecosystem Services and Asset Accounts brief noted that although the monetary value of ecosystem assets increased between 1990 and 2015, natural capital value per person declined by 17.7 percent due to population growth.
The National Water Accounts brief highlighted agriculture as the largest water user, accounting for 55.4 percent of total water abstraction in 2024, while warning of increasing climate risks.
Panel Discussion: Advancing Climate-Informed Economic Policy for Sustainable Development in Africa
Moderated by Prof. Edward Bbaale, the session featured the following panellists: Dr. Ronald Kaggwa-National Planning Authority, Mr. Wilson Asiimwe-Ministry of Finance, Planning and Economic Development, Mr. Nathan Mununuzi-Ministry of Water and Environment, Mr. Godwin Kamugisha-National Environment Management Authority, and Dr. Peter Babyenda-CEACM Coordinator and member of faculty at Makerere University College of Business and Management Sciences (MakCoBAMS).
The Panelists argued that assigning monetary value to forests, wetlands, water resources, and other ecosystems would enable evidence-based budgeting, investment decisions, and environmental protection while capturing costs ignored by traditional GDP measures.
They stressed the need for stronger institutions, increased funding, enhanced research and capacity building, and closer collaboration between government, academia, and development partners.
The event, organized by CEACM, brought on board distinguished stakeholders including the Minister of State for Environment, Hon. Beatrice Atim Anywar who represented the Minister of Water and Environment, Hon. Maj. Gen. (Rtd.) Kahinda Otafiire, Makerere University Vice Chancellor, Prof. Barnabas Nawangwe, the Principal, College of Business and Management Sciences (CoBAMS), and Director CEACM, Prof. Edward Bbaale and representatives from different Ministries and Agencies such as, the Embassy of Denmark in Uganda, the Global Green Growth Institute (GGGI), Ministry of Finance, Planning and Economic Development, the Ministry of Water and Environment, the National Environment Management Authority (NEMA), the Ministry of Lands, Housing and Urban Development, Ministry of Energy and Mineral Development, and among others.
CEACM is a research and policy centre that supports African countries in integrating climate change and natural capital into economic planning through research, capacity building, and evidence-based policymaking. CEACM is one of the centres within the School of Economics at the College of Business and Management Sciences (CoBAMS) at Makerere University.
“I have enjoyed working with educated and brilliant people,” remarked Mr. Peter Mubiru at the handover of the office of the College Bursar held on 31st August 2026 at the College of Business and Management Sciences.
Reflecting on his career journey at Makerere University, which commenced in 1998, Mr. Mubiru who has served with dedication and distinction said: “Professionalism is key in management success.”
Mr. Mubiru reached the mandatory retirement age on 25th August 2026, marking the end of a career spanning nearly three decades in Makerere University’s audit and financial management functions. In his 28 years of service, which he described as a rich and rewarding experience, Mr. Mubiru held the following positions: Assistant Internal Auditor, Head of Revenue and Expenditure Office, Principal Accountant, and College Bursar.
Addressing the College leadership and staff as well as University officials from the Directorate of Internal Audit, and the Directorate of Finance who convened to witness the colourful handover ceremony to Mr. George Lusiba, Mr. Mubiru appreciated the different offices at the University for their cooperation throughout his years of service.
In a very special way, he was delighted to note that Mr. George Lusiba who was taking over the mantle as the new College Bursar has worked with him closely in the execution of several tasks and activities within the Directorate of Finance. “To Mr. Lusiba, I wish you the best of luck in the position of the College Bursar,” said Mr. Mubiru.
From Internal Audit to Financial Management
Mr. Mubiru joined the University service in 1998 as Assistant Internal Auditor, a position that he held for one year. During this period, Mr. Mubiru prepared a report examining the collection and management of revenue at Makerere University.
According to Mr. Mubiru, the recommendations in the report impressed the University Management and Council. Consequently, he was transferred from Internal Audit to the Finance Department, where he served as Head of Revenue and Expenditure, presenting to him an opportunity to contribute directly to implementing some of the recommendations. He was later promoted to Principal Accountant, which positioned him to serve the College of Business and Management Sciences, and a key specialist in financial management and implementation within the University and beyond.
At the College level, Mr. Mubiru has been responsible of overseeing the financial functions within the college, management of the college annual budgeting processes, preparing financial reports at the university and college level, and ensuring compliance with financial guidelines of the university.
He acknowledged the tremendous support received from the following members of staff whom he has been supervising at the College level: Mr. Charles Ssuna, Ms. Florence Amoding, and Ms. Mary Taaka.
Recognition of impactful service
The Principal of the College of Business and Management Sciences (CoBAMS), Prof. Edward Bbaale, applauded Mr. Peter Mubiru, for his dedicated service and contribution to the College over the years.
He welcomed the incoming College Bursar, Mr. George Lusiba, and expressed the readiness of the College leadership and staff to work with him to ensure an efficient and effective financial management function. “Through his service, Mr. Lusiba will contribute to the continued growth and effective administration of the College,” said the Principal.
A Legacy of Leadership and Mentorship
The Dean, School of Business, Associate Professor Godfrey Akileng praised Mr. Peter Mubiru for the outstanding service, leadership, and mentorship.
“Mr. Mubiru is a straightforward and dedicated professional whose contributions had left a lasting impact on the School of Business and the wider university community,” he added.
He encouraged Mr. Mubiru to embrace retirement as an opportunity to pursue new ventures, wishing him good health, fulfillment, and God’s abundant blessings.
Compliance and Continuity in Office Transitions
Mr. Patrick Akonyet, the Head of the Internal Audit Directorate at Makerere University, highlighted the Public Service Standing Orders that govern the handover of office. He noted that these guidelines provide the minimum standards for conducting a lawful and transparent handover, accountability and safeguarding of public resources, as well as promoting continuity in institutional operations.
Collaboration, Accountability and Financial Stewardship
Delivering his acceptance remarks, Mr. Lusiba pledged to work with the College leadership, staff and stakeholders in the execution of the financial management function.
“I am deeply honoured to take on the responsibility of the College Bursar. I thank the College leadership and staff for the warm welcome and I pledge to collaborate with everyone to strengthen financial stewardship, accountability and service to excellence.”
The handover ceremony was witnessed by following university staff: Prof. Edward Bbaale-Principal, Associate Professor James Wokadala-Deputy Principal, Dean, School of Business-Associate Professor Godfrey Akileng, Dean, School of Economics-Associate Professor Ibrahim Mike Okumu, Dean, School of Statistics and Planning-Dr. Margaret Banga, Mr. Patrick Akonyet-Head of Internal Audit, Mr. George Turyamureeba-Deputy University Bursar, Ms Racheal Ikiriza-College Human Resource, Mr. David Ikoma-College Procurement Officer, Ms. Ritah Namisango-Principal Communication Officer, Ms. Stella Butamanya-School Registrar, Mr. Joseph Ikarokok-Chief Custodian, Mr. Julius Muhwezi-Planning Officer and among other members of staff at the College level.
Pleased with Mr. Peter Mubiru’s record of a service, Dr John Bosco Oryema, a member of faculty at the College of Business and Management Sciences said: “Congratulations upon reaching the mandatory retirement. You served with a smile and dedication. I remember when you were the Chief Cashier in the Main Building, you supported many of us in processing the Staff Development Fund. Enjoy the fruits of the hard work.”
Goodwill messages from staff and colleagues
Dr Jude Mugarura: It was a great service coupled with commitment and professionalism. Well done my dear brother, Mr. Peter Mubiru.
Dr Faisal Buyinza: Dear Peter Mubiru, congratulations upon your dedicated service to Makerere University.
Dr Zaina Nakabuye: Congratulations Mr. Peter Mubiru upon reaching this milestone.
Dr Aisha Nanyiti: Congratulations Mr. Peter Mubiru on your dedicated service.
Dr Susan Namirembe Kavuma: Well done Mr. Peter Mubiru, we wish you the best in your new chapter of your life.
Dr Issa Sekatawa: My brother, you have served. We enjoyed our brotherhood before I joined Makerere University
Dr Christopher Muganga: Mr. Peter Mubiru, for your great service to Makerere University and humanity at large, and all the best in your upcoming engagements.
Agnes Ssempebwa: Congratulations Mr. Peter Mubiru on your dedicated service, I wish you od’s blessings in your new chapter of life
Geoffrey Nuwagaba: Thank you Mr. Peter Mubiru for serving us diligently and retire with flowers. I pray that more gates open for you in the next endeavours.
Dr. Patricia Ndugga: Congratulations Mr. Peter Mubiru on your diligent service. Best wishes ahead.
Emmanuel Ssemuyaga: Congratulations on your retirement. It has been a pleasure and privilege working with you. I truly enjoyed the time we interacted, and your contribution, warmth, and collegiality made the experience both exciting and memorable.
Peter Kisaakye: Congratulations Mr. Peter Mubiru. Wishing you well.
Dr Sarah Bimbona: Congratulations. Wishing you all the best in the new Chapter.
Dr Godfrey Akileng: Congratulations. Thank you for completing your tour of duty in building for the future. Your diligent contribution and professionalism leaves a mark. You have been a brother. May the good Lord bless you abundantly.
Dr Kasim Sendawula: Well done Mr. Peter Mubiru. We have indeed enjoyed your dedicated service. May the Almighty God bless you as you embark on a new chapter of life.
Dr Marion Nanyanzi: Congratulations Mr. Peter Mubiru. May the Almighty God bless and guide you as you begin a new chapter.
Dr John Mushomi: Well done Mr. Peter Mubiru. Thanks for keeping young and cool. I am sure work has just started at yours as you retire. The world needs your service more than ever before.
Tadeo Masimengo: May you be blessed as you retire from Makerere University
Dr Peter Babyenda: Thank you for the work well done. Best wishes.
Chris Alioni: Congratulations Mr. Peter Mubiru. You have served well.
Dr Stephen Wandera: Congratulations Mr. Peter Mubiru. You have served us well. I will miss this great partnership and collegial work ethic.
Dr Lillian Tukahirwa: You have served Makerere University with dedication. To God be the glory for the accomplishments and good work.
Jude Sebuliba: Congratulations Mr. Peter Mubiru. I wish you a successful and fruitful re-engagement.
Patience R. Mushengyezi: Congratulations Mr. Peter Mubiru. May God guide you in your next phase.
Paneah Asiimwe: You are a good man. Mr. Peter Mubiru, enjoy your retirement.
Dan Kiganda: Congratulations Mr. Peter Mubiru. Thank you for the dedicated service.
Eric Tumwesigye: Enjoy your next deployments because definitely, you are going for fresh and awesome deployments.
Pictorial:
The Gambia is looking to deepen its public investment management (PIM) systems by drawing lessons from Uganda, with a high-level delegation from the West African country visiting Makerere University’s Public Investment Management (PIM) Centre of Excellence to benchmark Uganda’s experience.
The delegation, led by Mr Baboucarr Jobe, Permanent Secretary in The Gambia’s Ministry of Finance, visited Makerere University’s Public Investment Management (PIM) Centre of Excellence to learn from Uganda’s approach to project conceptualisation, appraisal, implementation, monitoring and evaluation.
The visit is part of wider reforms being undertaken by The Gambia to strengthen its economic, judicial and institutional systems, with public investment management identified as a critical area for improvement.
Speaking during the visit, Mr Jobe said The Gambia had embarked on PIM reforms in collaboration with the International Monetary Fund (IMF), which advised the country to benchmark its systems against countries with relevant experience.
“Several countries were recommended, but we ultimately chose Uganda. I am happy to say that we are glad we selected Uganda for this assignment,” he said.
He noted that although the delegation initially intended to focus specifically on public investment management, the visit had exposed them to broader areas with potential for cooperation between Uganda and The Gambia.
The delegation also visited Makerere University’s Innovation Centre, where it explored initiatives that could support collaboration between the two countries in advancing economic development.
Mr Jobe said institutions in The Gambia, including the University of The Gambia and the Civil Service University, could potentially collaborate with Makerere University and its Innovation Centre.
Closing gaps in public investment
Mr Jobe identified project conceptualisation, project evaluation, project implementation, monitoring and evaluation as some of the major gaps in The Gambia’s public investment management system.
He said the delegation was particularly impressed by Uganda’s systematic approach to managing public investments and the collaboration among institutions involved in the process.
“What has impressed us in Uganda is the manner in which the public investment management process is carried out step by step,” he said.
The Gambian delegation also observed collaboration among key government institutions, including the Ministry of Finance, Office of the Prime Minister, Office of the President and other stakeholders.
Mr Jobe said such institutional collaboration was an important lesson that The Gambia would seek to replicate.
The delegation had an opportunity to participate in a Development Committee meeting, where they observed how different government offices work together to advance Uganda’s development priorities.
Makerere Centre plays key role
The visit was hosted by the Public Investment Management Centre of Excellence, which is integrated into Uganda’s broader public investment management system.
Prof. Edward Bbaale welcomed the Gambian delegation and said the visit provided an opportunity for peer learning and exchange of practical experiences between the two countries.
He said countries were at different stages of strengthening their public investment systems, making peer learning an important avenue for identifying approaches that could be adapted to different institutional contexts.
“We hope to share not only what has worked well, but also some of the challenges we have encountered and the lessons we have drawn from them,” Prof. Bbaale said.
He encouraged the delegation to engage openly with the Makerere team, ask questions and share their own experiences to ensure that the benchmarking exercise was practical and mutually beneficial.
Building capacity for better investments
Prof. Eria Hisali, who presented an overview of the Centre, emphasised the importance of strengthening public investment systems to ensure that limited public resources are used effectively.
He explained that capital investments remain a key driver of economic growth, but governments often face resource constraints that make it impossible to implement every proposed project.
A strong public investment management system, he said, enables governments to assess and select projects based on their potential returns and development impact.
The Centre aims to support this process by building a pool of well-prepared projects at different stages of development, enabling government to make informed decisions about which projects to finance and implement.
The PIM Centre of Excellence was established with support from the Foreign, Commonwealth and Development Office (FCDO), the UK Trust Fund and the Government of Uganda. It initially operated as a project before being mainstreamed into the Government of Uganda, with its resources now coming directly from government.
Since its establishment, the Centre has trained 526 public-sector officials in areas related to public investment management.
Its training programmes cover key stages of the PIM cycle, including project conceptualisation, integrated analysis, feasibility studies, financial and economic appraisal, risk analysis, project execution, procurement and evaluation.
Strengthening South–South cooperation
For Mr Jobe, the visit was also an opportunity to challenge the tendency of African countries to look outside the continent for solutions to development challenges.
He argued that African countries operate in broadly similar environments and face many common challenges, making the continent an important source of knowledge and practical solutions.
“We need to move away from always looking outside Africa for solutions. There are many valuable initiatives being undertaken by our African brothers and sisters, and it is important that we learn from one another,” he said.
He proposed stronger partnerships between institutions in Uganda and The Gambia, including possible collaboration between universities and civil service training institutions.
“This visit is one step in that direction. South–South cooperation needs to be further strengthened,” he said.
Investing limited resources for greater impact
The Gambian delegation’s interest in public investment management is closely linked to the country’s development challenges.
According to Mr Jobe, The Gambia’s GDP is currently just under US$3 billion, with annual economic growth estimated at between five and six per cent. Inflation has declined significantly from double-digit levels to approximately seven per cent, although poverty remains high at more than 50 per cent.
He said strengthening public investment management was therefore essential to ensuring that the country’s limited public resources generate tangible benefits for citizens.
“This visit will help us ensure that public investment and the limited public resources available to us are utilised efficiently and provide benefits to the average Gambian,” he said.
He added that achieving value for money from public resources would enable citizens to experience greater benefits from government investments and contribute to poverty reduction. The visit marked an important step towards strengthening institutional cooperation between Uganda and The Gambia, while positioning Makerere University and its PIM Centre of Excellence as a potential partner in building public-sector capacity beyond Uganda.
Business & Management
Makerere University Inaugural Conference on Noonomy Paves way for Centre of Excellence in Africa
Makerere University on 20th August 2026, hosted the historic inaugural conference on the Theory of Noonomy, bringing together scholars, policymakers, international partners and students to explore a bold new paradigm for addressing modernity’s deepest crises. Organised by the School of Economics, College of Business and Management Sciences (CoBAMS) in collaboration with the S.Y. Witte Institute for New Industrial Development, St. Petersburg Polytechnic University, Russia and supported by the Makerere University Research and Innovations Fund (Mak-RIF), the conference was held under the theme “The Theory of Noonomy and Its Role in Resolving Modernity Issues: Pathways to Sustainable Social and Economic Transformation.”
The event held in the Senior Common Room, Main Building underscored Makerere’s strategic commitment to thought leadership in Africa’s transformation, positioning the University as a continental hub for alternative development thinking.
Bold Thinking Amid Global Crises
Representing Vice Chancellor Prof. Barnabas Nawangwe, the Deputy Vice Chancellor in charge of Academic Affairs (DVCAA), Prof. Sarah Ssali described the gathering as both timely and historic.
“Across the globe, we continue to witness systemic crises rooted in market fundamentalism, unchecked resource depletion, and the ideology of growth for the sake of growth. These contradictions are not abstract, but they manifest in climate change, widening inequality, and the erosion of social cohesion” Prof. Ssali stated.
On this note, she lauded the Theory of Noonomy, developed by Prof. Sergey Bodrunov, as a transformative lens. She noted that Prof. Sergey Bodrunov’s Theory of Noonomy that prioritizes reason, humanistic values and solidarism, offers a sustainable path forward in the midst of global crises driven by market fundamentalism, resource depletion and endless growth, exacerbated by climate change, inequality, and social erosion. The Theory envisions a shift to a New Industrial Society of the Second Generation (NIS.2) where knowledge, technology, and human potential drive progress.
“Hosting this conference is not accidental,” Prof. Ssali affirmed, adding that it “Reflects our commitment to shaping debates that matter for Africa’s future.” She outlined the conference’s five core objectives: to introduce and contextualise Noonomy within Africa’s socio-economic realities; to explore solutions to systemic challenges such as inequality, resource scarcity and climate change; to identify pathways for integrating Noonomy principles into policy, education and institutional frameworks; to foster collaboration among scholars, policymakers and practitioners; and to lay the groundwork for establishing a Noonomy Centre at the School of Economics, CoBAMS.
She added that once established, the Centre will serve as a hub for continental dialogue, research, and innovation, hence positioning Makerere and her partners to “transform the theory of Noonomy into a living agenda for Africa, that prioritizes knowledge, human potential, and sustainable transformation”.
Noonomy’s Emphasis of Knowledge as the Primary Productive Force
Prof. Sergey Bodrunov, Director of the S.Y. Witte Institute and author of the theory, addressed the conference virtually and underscored Noonomy’s relevance in an era of technological power that can either destroy or elevate humanity. He argued that neoliberal models have entrenched inequality and ecological crises, while the gradual removal of humans from direct material processes open a path to a non-economic mode of satisfying rational human needs.
Additionally, Prof. Nikolay Dmitriev, Director of the S.Y. Witte Institute expanded on the practical implications for Africa. He stressed that technological sovereignty must be pursued without repeating the dependency traps of earlier industrialisation. Cognitive technologies, he noted, can either subordinate humans to the technosphere or place technology in service of human potential. On the other hand, he noted that Africa’s rapid demographic growth and cultural diversity make it a critical laboratory for Noonomy’s application.
Panel Scrutinizes Noonomy under the lens of Ugandan Realities
Moderating the high-level panel, the Principal CoBAMS, Prof. Edward Bbaale, set the stage with a question on the Ugandan context: Can the country move from a technology-consuming economy to a knowledge-producing one while remaining human-centred and inclusive? He outlined three tests any technology adoption should pass under a Noonomy lens; productivity, human development, and inclusion.
“The first test is the productivity test. Does it improve what society can produce? The second test is the human development test. Does it expand skills, creativity, capabilities, and quality of life? And then number three, the inclusion test. Are its benefits widely spread, or does it deepen exclusion?” Prof. Bbale pondered, as he equally thought to interrogate how the theory aligns with Uganda’s tenfold growth strategy and National Development Plan IV.
Panellists included Prof. Robert Wamala-Director of Research, Innovations and Partnerships (DRIP), Makerere University, Dr. Robert Ngobi-Director Policy Research, National Planning Authority (NPA), Mr. Davis Vuningoma who represented Dr. Albert Musisi-Commissioner Macroeconomic Department, Ministry of Finance, Planning and Economic Development (MoFPED) and Prof. Nikolay D. Dmitriev. Discussions centred on mainstreaming knowledge as a productive force in national planning, financing long-term knowledge-intensive capabilities, and ensuring industrialisation expands rather than displaces human potential.
Prof. Wamala emphasised the need to Africanise the theory, “We should not simply import the concept… Our role should be to interrogate, Africanise and generate evidence on what a knowledge and intelligence-driven economy means in the African context.” He proposed an interdisciplinary research programme, curriculum transformation from knowledge transmission to intelligence development, and the creation of an African Noonomy network led by Makerere.
Dr. Ngobi in his submission noted that although the principles of Noonomy are already addressed by aspects of developing planning, he pointed to the need to address a series of “missing middles” attributed to: reliable and well-costed electricity supply to support hi-tech industries; infrastructure in form of roads, digital infrastructure; seamless interconnectivity in the form of mass rapid transport systems for people and goods; mass education systems; mass health systems that are not only sensitive to local diseases but also viable for medical tourism; as well as knowledge research and innovation informed by national priorities.
Addressing financing of national development priorities, Mr. Vuningoma emphasised the Government appreciation of the need to fund Science, Technology and Innovation (STI) as a pillar for economic transformation. As such he shared that over UGX 1 Trillion had been allocated to the STI sector to support innovations particularly in health.
Prof. Dmitriev on his part addressed the research topics that should become priorities for the first stage of cooperation between Makerere University and the World Association of Noonomy and the S.Y. Witte Institute of Noonomy and New Industrial Development.
Questions from the floor and online participants focused on inclusivity of youth and women, reconciliation of Artificial Intelligence (AI) with African cultural values and indigenous knowledge, and mechanisms to prevent elite capture of automated production. Panelists stressed that Noonomy’s emphasis on solidarity and human-centred development provides the ethical foundation for addressing these concerns through joint research.
Courtesy Call on the Vice Chancellor
Key on the agenda of the visiting delegation was a courtesy call on the Vice Chancellor, Prof. Barnabas Nawangwe. In his remarks, Prof. Nawangwe thanked Prof. Sergey D. Bodrunov, author of the Theory of Noonomy and Prof. Dmitriev for choosing Makerere out of all African Universities as partner in advancement of future collaborations and research. He added that setting up a Centre of Excellence in Noonomy at the School of Economics would bolster the University’s aspirations to become Africa’s thought leader in knowledge generation for societal transformation and development.
Transitioning from Dialogue to Institutional Action
In his closing remarks, Dean of the School of Economics, Prof. Ibrahim Mike Okumu described the conference as the start of a sustained institutional relationship rather than a one-off event. He committed the School to developing a concrete research agenda with named outputs and timelines, including joint studies on automation and labour markets in African economies, doctoral exchanges, and empirical testing of Noonomy claims against Ugandan and East African data.
“Let us treat Noonomy as a diagnostic, not a blueprint,” Prof. Okumu urged. “Its greatest value to us is not a policy program awaiting adoption, but a lens sharpening the questions our own planners must answer directly. How do we build human and creative capacity alongside industrial capacity rather than after it? How does this school develop a research agenda that studies Uganda’s own transition rather than import a finished framework wholesale?” he pondered.
He announced Makerere’s forthcoming participation in the World Association of Noonomy Congress in Italy and reiterated the University’s determination to establish the proposed Noonomy Centre as a hub for continental dialogue, research and innovation.
The conference concluded with exchanges of gifts, group photographs and expressions of gratitude to partners including the Government of Uganda through Mak-RIF, the Russian Embassy, and the S.Y. Witte Institute.
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