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The five are; Mark Muhumuza, Michelle Audrey Kobugabe, Ruth Michelle Uwera, Steven Hugh Bunjo and Anneliz Namuddu.
Actuaries are business professionals who analyze the financial consequences of risk. They use mathematics, statistics, and financial theory to study uncertain future events, especially those related to insurance and pension programs.
The Prudential scheme is an initiative seeking to develop actuarial capacity in Uganda by rewarding excellence in actuarial science and supporting top graduating students with mentorship, internship opportunities and financial assistance to become certified actuaries.
Speaking at the event held to honour the five students and their parents at Makerere University, Tetteh Ayitevie, the CEO Prudential Assurance Uganda commended the five for their “exemplary dedication and passion for actuarial science”
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“Your relentless pursuit of knowledge and your unwavering determination have set you apart as the best and brightest in your field,” he said.
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Tetteh also handed out a cheque of Shs 135million shillings to be split among the students.
On top of this, he announced that the students will receive mentorship and internship opportunities to propel them towards success in their future endeavours as was the case with the first cohort.
“As I speak, Mark Muhumuza has started his internship with us and Gloria Akumu who joined us last year, will be completing her internship at the end of this month,” he said.
In the same vein, Ttetteh expressed commitment to extending the program to cover more beneficiaries at the Business College.
Prof Eria Hisali, the COBAMS Principal had earlier in his remarks extended a request for the program to be expanded into other areas including research collaboration.
“We as the college have played our part and I believe that we have delivered more than what was expected. We think that it is time now for this arrangement to be expanded into other areas,” said Hisali.
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Makerere University Vice Chancellor, Prof Barnabas Nawangwe who spoke as Chief Guest at the event, congratulated the second cohort on their achievement and encouraged them to return to Makerere for further studies
He also expressed gratitude toward Prudential Uganda for this partnership, which is central to the operations of the university.
“One of our pillars as Makerere is partnerships; we believe that partnerships enrich what we are doing, and that is why we go out to get more and more of them,” he added.