KAMPALA: Prof Juma Wasswa Balunywa has bid farewell to Makerere Business School (MUBS) as he prepares to replace the outgoing Deputy Governor at Bank of Uganda.
The DG slot at Bank of Uganda fell vacant after Dr. Louis Kasekende’s contract ended weeks ago.
With Balunywa set to take over, it means he has to leave his role as MUBS Principal.
And last week, a farewell party to thank him for a job perfectly executed was held at the Nakawa campus with Bebe Cool and comedian Alex Muhangi entertaining guests.
Balunywa is a scholar in management, leadership and entrepreneurship and an academic administrator who has served as the Principal of Makerere University Business School (MUBS) for ages.
Throughout the years, Museveni has shown admiration for Balunywa, praising him as a person that has always been on the right side of the liberation ideology.
Prof Balunywa has been credited with having
revolutionized business education and spearheading the private students’ scheme in Uganda that has become a model for many universities across the country and region.
Prof Balunywa started his academic career as lecturer in 1983, in the then Department of Commerce at Makerere University. In 1987, he was appointed a senior lecturer in the Department of Accounting, Banking and Finance, also at Makerere, serving there from 1987 until 1990.
He then served as Dean Faculty of Commerce, Makerere University from 1991 to 1998. In 1997, he was instrumental in the creation of Makerere University Business School (MUBS).
MUBS was created in 1997 by the merger of the former faculty of Commerce at Makerere University and the then National College of Business Studies, Nakawa. Prof. Balunywa headed MUBS at its inception in 1997 as the school’s first Director.
In 1998, the position of Director was changed to Principal. In June 2018, Waswa Balunywa began another three-year term as the Principal of MUBS.
He also served on the Board of Directors of the Bank of Uganda and national banking regulator, from 2001 until 2012.