The Speaker of Parliament, Rt. Hon. Rebecca Kadaga, has called for transparency and accountability as she launched the inaugural Makerere University Run aimed at raising money towards the university’s Endowment Fund.
The Speaker flagged off runners in the 5km and 10km Run starting at Makerere University Freedom Square on Sunday 14th May 2017. She took part in the 5km race in the Run that attracted alumni, staff, students and well-wishers.
Kadaga urged the alumni, staff, students and well-wishers, to continue supporting Makerere University to enable it attain financial independence through such causes.
“There have been numerous reports that Makerere is a leading institution in the region primarily in research and publication. However, I believe the institution can achieve more if we support it to attain its vision, mission and do more in output,” Kadaga said.
The Speaker contributed Ushs 1m and promised that Parliament would contribute Ushs 40m to the Fund.
The Speaker noted that Makerere holds a position as one of the most prestigious universities in the world and that the Endowment Fund should be used to ensure that the university undertakes more work to maintain its top position.
Kadaga said that the reported US$30 billion Endowment Fund raised by Harvard University, was not achieved but rather through rigorous and transparent management.
Kadaga also called upon the University’s administration to invite the institution’s senior alumni including former Tanzania President Benjamin Mkapa and Kenya’s Mwai Kibaki to participate in the University’s fundraising activities.
University’s Vice Chancellor, Prof. John Ddumba Sentamu noted that they hoped to raise more than Ushs 150m for the start so as to support the construction of a students’ centre.
“All over the world, Universities survive on endowment funds. We want to start this initiative such that the proceeds can help us to do a lot of things annually,” Prof. Ddumba Sentamu said.
Other people present included; the Chancellor of Makerere University, Prof. Ezra Suruma, Chairperson of Council, Eng. Charles Wana-Etyem and, Endowment Fund Board Chairperson, Dr Martin Aliker.