National
Makerere University urged to invest abroad
Publish Date: Aug 24, 2014
Makerere University urged to invest abroad
Makerere University chancellor Prof. Mondo Kagonyera.
  • mail
  • img
newvision

By Edward Anyoli

THE Makerere University chancellor Prof. Mondo Kagonyera, has proposed that the University should invest abroad in order to get sound return on investments.

Speaking at the inauguration of Makerere University Holdings Company Ltd meeting, Kagonyera urged the board of directors to consider investing more abroad.

“Let us therefore not only stop at investing in Uganda but consider going beyond our borders to destinations that offer safe and sound return on investment,” Kagonyera

Kagonyera, advised the board members to take advantage of the investment packages offered abroad and urged the administration and staff of the University to collectively use the board to create a much better institution for both current and the future.

Makerere university Vice- chancellor Prof. John Ddumba Ssentamu argued the board to put the University land to good use to increase revenue for the University.

Ddumba said Makerere will concentrate on its core businesses such as teaching, training, research knowledge transfer, partnerships and networking and leave board members to manage the holdings.

“We should move out of all the non-core businesses like accommodation for students, feeding students. These non-core businesses should go to our new holding company. Let the company make money for us and then we use it to improve our core businesses,” Ddumba said.

Ddumba  said  Makerere University  as an institution  has  wealth  of  land  resources located  in  the upper Kololo and  Makindye. 

Makerere  University  holding  company   board  of  directors   Charles  Mbire, (shareholder MTN) Dr.William Bazeyo (dean of school of public  health), Charles Ocici, executive  director (Enterprise  Uganda) Ruth Biyinzika (director private  sector foundation Uganda), Dan Kasirye (Investment officer) Dr. Gorretti Nsubuga (deputy principal of college of agriculture) and Dr. Winifred Tarinyeba (lecturer school of law) are tasked to  managed  the University holdings.

Ddumba said some of Makerere University assets include: 350 acres of land Main campus which is located on Makerere Hill, 45 acres of land at College of Health Sciences (Formerly Faculty of Medicine and School of Public Health) at Mulago adjacent to the National Referral Hospital.

Agricultural Research Institute, Kabanyolo which is located North of Kampala, others are 350 acres Buyana Stock Farm under the College of Veterinary Medicine, Animal and Husbandry.

Ddumba told the board directors that if the university assets are managed well, sound return investment can be   generated can enable the university to run more efficiently.

Mbire said on his part he will ensure that there is transparency in managing holdings.

Related stories

Makerere students demonstrate over meals

Lawyers fault Makerere over admissions

Makerere earmarks sh1.3bn for climate change innovations

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
UBTEB exams start on Monday
The Uganda Business and Technical Examinations for the end of this year will kicking off on Monday where a total of 49, 834 candidates registered to sit for them....
Two Pallisa women killed over family land
An elderly woman and her daughter in Pallisa district are hacked to death over land wrangles within their family....
Court orders status report on terror suspect property
Grade one magistrate Simon Zirintuusa has ordered a status report on the confiscated property of one of the 10 Al shabaab-linked terror suspects arrested in September in the city suburb of Kisenyi....
Uganda’s young population soars
About 13.1 million Ugandans are aged 10-24, according to a new United Nations Population Fund (UNFPA) report.The report shows that Uganda’s population at 38.8 million, contradicting the national census results which put the figure at 34.9 million....
MPs pin energy ministry officials over sh13b
The ministry of energy and mineral development chief accountanting officer, Eng. Paul Mubiru has come under scrutiny when MPs raised a red flag, for failure to take action on the ministry’s workers who have not accounted for over sh13bn....
Interpol call for roadmap to tackle fake drugs
Interpol has called for a greater global response to pharmaceutical crime as it warned criminal gangs were capitalising on weaknesses in legislation and border controls.At a conference in Dublin, the global crime agency said the growth in crime involving fake or tampered-with medicines threatens the lives of millions of people and undermines health systems worldwide....
Should workers be subjected to a 4% Health Insurance Tax??
Yes
No
Can't Say
follow us
subscribe to our news letter