At least five students of Actuarial science from Makerere University have been awarded USD 500 each by prudential Uganda.
Besides the monetary award, the students have also received scholarships to sit for their profession exams.
These are through the Prudential Actuarial Support Scheme (PASS), an initiative that was launched in October 2022 to develop Uganda’s actuarial capacity.
This year’s beneficiaries are; Muhumuza Mark, Kobugabe Michelle Audrey, Uwera Ruth Michelle Bunjo Steven Hugh and Namuddu Anneliz.
Mr. Tetteh Ayitevie, CEO, Prudential Uganda said during the award ceremony on Tuesday that the relentless pursuit of knowledge and the unwavering determination of the winners has set them apart as the best.
“Your relentless pursuit of knowledge and your unwavering determination have set you apart as the best and brightest in your field,” he said.
He added that Uganda sends few students to university yet so many of them walk on the streets jobless, citing the need to do things differently.
“In Sweden, 80% of the population goes to the university whereas in Uganda, it is only 6% and yet we can afford to have graduates walk on streets. I think there are things that we must do differently, it is a shame.”
Prof. Nawangwe, VC Makerere University warned students who misuse the tuition fees and end up failing to graduate.
“At Makerere, 1000 students drop out every year, and the majority, the reason they give is failure to raise school fees but our investigations show that they got the fees from their parents and bet it to make interest and end up losing,”he said.
This was the second cohort of the Prudential Actuarial Support scheme.
