Busitema University Fund (SMC) Limited

Busitema University Fund  (SMC) Limited is a private arm of the University that started operating on 3rd October 2018 and  Busitema  University Council is its sole owner. The Tenure has stood up for a taste of time i.e. for Four (4) years. The company is located in Busia, Busitema sub-county in Busitema University grounds along the Tororo - Kampala Highway. Prof . Mary Okwakol and Mr.Ajer Basil are the pioneers and have played a significant role in the betterment of the company.

The company’s purpose is to utilize the assets of the University to generate revenues to subsidize government funding. The company manages the University’s extensive assets which include; properties, projects, and enterprises either directly or indirectly through subsidiaries.

Authority

The University Council appointed the Board of Directors, which consists of individuals with varying qualifications, experiences, and expertise as well as independent knowledge of the business and its operating environment, all with an emphasis on Gender diversity, to oversee the company.

The following is the hierarchy:

  1. Board of Directors

  2. University Council

  3. The Company's Management

 Board Of Directors

The Board is in charge of monitoring the administration of the Company's overarching roles and making sure that its goals and functions are effectively carried out appropriately. The Board of Directors represents the University Council and comprises various stakeholders, including widely recognized members of the public and business sectors. Three distinguished committees enable the board to operate, which involves

 

University Council

The company's sole owner, the University Council, operates through a unified Board that is comprised of three distinct committees.

The Company's Management

This group consists of company officers who have been selected by the Board of Directors to lead the Organization's administrative and strategic initiatives.
 

Its MOTTO is

           ‘’Change it’’

Its VISION is 

          ‘’A Center of Excellence in Business Entrepreneurship and Division’’

Its MISSION is 

           ‘’To Create Value for our Customers through meaningful Innovations’’ 

 Its goal is

“To become a destination of quality products and services”.

Core Values

  • Customers first:
    Superior customer satisfaction is our ultimate aim.

  • Innovativeness:
    The Company applies solutions that meet new requirements and articulate the market/ community needs.

  • Teamwork:
    We help each other to succeed

  • Sustainability:
    We are committed to building a better world

  • Quality:
    We invest in projects that constantly improve the quality of life through their products.

Successes
Compared to the previous huge budget the university was operating, the company has permitted the University to cut its expenditures on vehicle service and maintenance drastically.

The university has developed and approved several projects through the company as a step toward becoming self-sufficient.