The Institute of Certified Public Accountants of Uganda (ICPAU) has announced the winners of the award of Certified Public Accountants of Uganda (CPA) scholarships for students who applied in September 2021.
Under the third cohort, only 10 beneficiaries were selected out of 206 applicants. The beneficiaries selected based on their performance in their final examinations are fresh graduates from both public and private universities.
At the event held at Protea Hotel by Marriott Kampala Skyz on Tuesday afternoon, ICPAU also launched the application entries for 2022.
Only students from chartered universities of Busitema University, Gulu University, Kabale University, Kyambogo University, Lira University, Makerere University, Mbarara University of Science & Technology, Mountains of the Moon University, Muni University, Soroti University, Bugema Adventist University, Islamic University, Kampala International University, Ndejje University, Nkumba University, Uganda Christian University and Uganda Martyrs University are eligible to apply.
The beneficiaries of the 3rd Cohort of CPA Scholarships include;
Ms. Alinda Charity Renela from Uganda Christian University – Bachelor of Public Administration and Management
Ms. Amon Vinky from Lira University – Bachelor of Business Administration
Ms. Murungi Lyonah from Makerere University – Bachelor of Entrepreneurship and Small Business Management
Mr. Mwanje Lawrence from Mbarara University of Science and Technology – Bachelor of Science in Accounting and Finance
Ms. Nakasoma Carolyne Sharon from Kyambogo University – Bachelor of Science in Accounting and Finance
Ms. Nalugo Hanifah from Makerere University Bachelor of Science in Human Nutrition
Ms. Namwano Emmily from Uganda Martyrs University – Bachelor of Business Administration and Management
Mr. Nuwamanya Bruno from Mbarara University of Science and Technology – Bachelor of Science in Accounting and Finance
Mr. Okello Walter Haggard from Gulu University – Bachelor of Business Administration, and
Mr. Wochete Joseph from Makerere University – Bachelor of Commerce
CPA Derick Nkajja, the Chief Executive Officer of ICPAU revealed that the Institute’s scholarship package covers registration, annual renewal examinations fees, as well as study material.
He revealed that also, the institute has partnered with Glory Professional Consultants and Trainers and MAT ABACUS that will cover tuition fees.
“The beneficiary students must complete the course within two and a half years,” he said.
As part of the CPA learning framework; students are required to demonstrate their knowledge and skills through attaining practical experience, with the major fields being financial reporting, management, accounting, taxation, auditing, financial management, information Technology, insolvency practice, communication skills personal skills, and organisational skills.
Officiating at the event, CPA Dr. Hajj Twaha Kigongo Kaawaase, Partner at Sejjaaka Kaawaase & Co., Certified Public Accountants urged the beneficiaries to make better use of the opportunity and become better professional accountants.
“An accountant is a person who has gone through the training for professional accountancy, not necessarily the first degree in accounting. First degree gives you a foundation to becoming a professional accountant.”
Twaha, also the First Deputy Premier of Buganda Kingdom said that the course will open many opportunities for them once well utilized.
“Accountants can fit in any environment provided there is money. Any institution that has an in and out flow of funds, there is a need for an accountant.”
He also encouraged them to always equip themselves with professional code of ethics, particularly integrity in order to keep their names clean.
“If you are not truthful you will end in jail,” he reminded them, adding that “be known by works but only good works.”
CPA Constant Othieno Mayende, the President of the Institute of Certified Public Accountants of Uganda told the beneficiaries that “This is a life opportunity that will usher you into the accountancy professional world.”
He said that the primary goal of the Student Scholarship Programme which was launched in 2019 is to nurture talent among the young people by providing an opportunity to pursue the CPA course.
Mayembe revealed that so far, twenty (20) beneficiaries from the first and second cohorts, were enrolled on the CPA course but their studies were disrupted by the effects of COVID-19, “but nonetheless, there is progress.”
Ugandan enterprises urged to explore regional oil and gas opportunitiesThe beneficiaries of the first cohort enrolled in November 2019 are;
Mr. Irene Namusaazi – Makerere University
Ms. Audrey Nshabire – Makerere University
Ms. Catherine Namuyomba – Makerere University
Mr. Chanes Nasasira – Makerere University
Mr. Isaac Matsiko – Mbarara University of Science and Technology
Ms. Lillian Bukirwa – Mbarara University of Science and Technology
Ms. Shalom Zaninka – Uganda Christian University
Mr. Geofrey Bogere – Bugema University
Mr. Beatrice Waryingira – Kyambogo University, and
Mr. Donglas Tukamuhebwa – Ndejje University
Beneficiaries of 2020 Scholarships are;
Ms. Rachea Nahurira – Makerere University
Mr. Francis Mubiru – Kyambogo University.
Mr. Alex Kisakye – Makerere University
Mr. John Michael Muyobo – Kyambogo University
Ms. Precious Aheirwe – Kyambogo university
Mr. Emmanuel Bugembe – Makerere University
Ms. Mercy Onshaba – Uganda Christian University
Mr. Jotham Wante – Makerere University
Mr. Andrew Ocen – Kabale University, and
Ms. Mary Carolyne Najjemba – Makerere University
CPA Nkajja noted that professionalism in accountancy is key to enhancing good governance and accountability in organisations.
“The CPA course builds on foundational education to, impart technical and professional skills as well as the required values, attitudes and behaviour,” he said. “Therefore, it is important that all accountants acquire these skills, if they are to enhance their competence,” he added.
Since the inception of the programme, 30 beneficiaries have been awarded scholarships.
ICPAU is the national professional accountancy organization, established in 1992 by an Act of Parliament, now the Accountants Act, 2013.
