Godfrey Akileng, PhD

+256 771 874220

Godfrey Akileng, PhD

Associate Professor, Dean School of Business

Department of Accounting & Finance

Contact Information

Tel: +256771874220

Email: godfrey.akileng@mak.ac.ug | gakileng@gmail.com

Office Location: School of Business, Room 3.12


Godfrey Akileng, is a currently Associate Professor of Accounting and the Dean School of Business, at the College of Business and Management Sciences at Makerere University. He is a facilitator of Accounting, Finance and Corporate governance courses. Beyond teaching, Godfrey does research and supervises both PhD and master’s students. Godfrey is an editor in Accounting journals.

He is also currently external examiner for Universities in Uganda and in Africa. Godfrey, is a member of a couple of Boards of Directors of corporations and some institutions in Uganda, where he is mostly Chair of Finance committee or Chair of Audit and Risk committee. He is also the President of the Alumni of his former high school, Teso College Aloet. Godfrey, is also consultant in financial management systems improvement and valuations in institutions in Uganda and Internationally.


  • PhD Accounting, National University of Ireland- University College Cork
  • Master of Science Accounting and Finance, Makerere University
  • Bachelor of Commerce, Makerere University

Research Interests

Market Microstructure, Markets based accounting research, Valuation of accounting information, Financial reporting analysis, Corporate governance, Rural finance innovations and modelling, financial inclusion and deepening

Courses Taught

Financial Accounting, Financial Reporting, Financial Management, Cost and Management Accounting, Business Statistics, Financial Markets and Institutions and Corporate Governance.


  • Mulungu.K, Katumba.P,Ratanshi. R.P,Twimukye. A, Castelnuovo. B, Nanvuma. A and Akileng. G (2021). Intrapreneurship and technological innovation in optimizing qualitative research as evidenced at Infectious Diseases Institute, Uganda. Journal of Innovation and Entrepreneurship.
  • Akileng., G. Nzibonera., E and Kobumanzi., D. (2019). Board Attributes and Financial Performance of Listed Firms in Uganda.Research Journal of Finance and Accounting.Vol.10, No.14.
  • Akileng, G., Eric Nzibonera and Michael Mutagaana (2018) The Influence of Foreign Exchange Volatility, Interest Rates on the Stock Performance of Uganda Securities Exchange.Journal of Finance and Investment Analysis, vol. 8, no. 2, 2019, 1-26.
  • Akileng, G., Ogwang A. A and Ssendyona, C. (2018), Determinants of performance of Securities exchanges in East Africa. Journal of Finance and Investment Analysis, Vol 7 no.3.
  • Akileng G., Nzibonera E., And Lawino G. (2018), Determinants of Financial Inclusion in Uganda. Journal of Applied Finance And Banking, Vol.8, No.4.
  • Akileng, G. (2014), The Efficacy of Corporate Governance in Reducing Opportunistic Accounting Earnings Manipulations, Research Journal of Finance and Accounting, Vol 5, No. 24 Pp 44-69.
  • Akileng, G. (2014), Adoption of International Financial Reporting Standards (IFRS) and Quality of Accounting Information,International Journal of Economics, Finance and Management, Vol 3, No.2 pp 93-99;
  • Akileng,G., and Donelly,R.,(2013), The Market Valuation of Abnormal Accruals and Corporate Governance, International Journal of Managerial and Financial Accounting Vol. 5 No.4 pp 391-417;
  • Akileng, G, (2013), Market Valuation of Accounting Earnings; Review of Evidence and methodological Issues, International Journal of Economics, Finance and Management Vol 2, No 6 pp 429-437;
  • Akileng, G., (2006), Presumptive Income tax and Performance of Small Business Enterprises. Makerere Business Journal, Volume 2 pp 63.

Working Papers

  • Akileng. G, Nzibonera. E, Ssekiboobo.D, Omonuk.J.B and Ssendaula.K.(2022). Corporate governance and Disclosure of financial Information; A case of Firms listed in Sub Saharan Africa. Accepted for publication by the International Journal of Governance and financial intermediation.
  • Akileng. G, Omonuk, J.B and Kasigwa, G (2022) Developing and Validating Scales for Public Sector Audit Effectiveness Based on Auditees in Uganda. Under review
  • Kasigwa, G. Akileng. G. and Omonuk. J.B (2022) External audit Effectiveness and its Antecedents in the Public Sector in Uganda. Under review
  • Ssekiboobo. D, Akileng.G, and Namanya.D (2022). Board Gender Diversity and Abnormal Accruals: Evidence from listed firms in the Sub-Saharan Africa. Under review
  • Ssekiboobo. D, Akileng.G, and Namanya.D (2022). Value Relevance of Accounting information. Evidence from listed firms in the Sub-Saharan Africa. Under review