By Innocent Anguyo and Raymond Walwimbi
Renowned corporate business manager, Dr. Martin Jerome Okec Aliker has been appointed the founding chairperson of the Board of Trustees, Makerere University Endowment Fund.
The seven-member board is tasked with the responsibility of hunting for alternative sources of funding for Makerere, in light of reducing the 90-year university’s financial dependence on tuition and government subvention.
The Board was inaugurated yesterday, in a two-hour ceremony held at Makerere University.
Other members of the board include; Barnabas Tumusingize of Sebalu & Lule Advocates; Grace Isabirye, the former acting director of NSSF; Martin Owiny, a former board member of KCB; Ambassador Edith Ssempala; Youth MP, Gerald Karuhanga and Makerere Vice Chancellor, Prof. John Ddumba Ssentamu.
Makerere University Chancellor, Prof. Mondo Kagonyera and Makerere University Council Chairman, Dr. Charles Wana Etyem inaugurated the board.
The Makerere University Council, the institution’s supreme governing body recently approved the establishment of the Makerere University Endowment Fund and the board to steer it.
(Left-Right) Martin Owiny, Chairperson, Makerere University Council Eng. Charles Wana-Etyem, Vice Chancellor, Prof. J Ddumba Sentamu, Chairman Board of Trustees Dr martin Aliker, Chancellor, Prof. Mondo Kagonyera, Ambassador, Edith Ssempala, Hon Gerald Karuhanga, Grace Isabirye and Barnabas Tumusingize in a group photo during the launch of the board of trustees of the Makerere University endowment fund at Makerere University Kampala on July 17, 2014. PHOTO/Tony Rujuta
According to an official statement issued by the university, the purpose of the endowment fund is to mobilize resources from Makerere alumni and well-wishers to diversify the institution’s constrained resource base.
The fund will be initially operationalised using the endowment fund (880,000 British Pounds) for the university, previously managed by Crown Agents of London.
Crown Agents has been managing the funds on behalf of Makerere.