Connect with us

General

MURBS declares 12.6percent interest rate at Third AGM

Published

on

All the financial figures and projections provided at the 3rd Annual General Meeting indicate a great improvement in the finances of the Makerere University Retirement Benefits Scheme (MURBS).

Addressing the members at the Annual General Meeting (AGM) held on Thursday 7th November 2013, in Lab 2 at the College of Computing and Information Sciences (CoCIS), the Chairperson Board of Trustees, Hajjati Fatumah Nakatudde said:  “We are happy to report that for the financial year ended 30th June 2013, the MURBS made a Gross income of UGX 8.6billion and Net income of UGX 5.4billion. The total Fund Value as of June 2013 stood at UGX 78.8billion. It is also important to note that it is during the same financial year that the NIC/DAP monies amounting to over UGX 20billion were paid out in benefits.”

Dr. Saul Nsubuga a Member of the Board of Trustees (BoT) MURBS contributes to the discussion at the 3rd AGm, 7th Nov 2013, CoCIS, Makerere University Kampala UgandaThe Board Secretary, Dr. John Kitayimbwa pointed out that the Board of Trustees (BoT) takes responsibility of the interest declared at 12.6% and applauded the fund managers for performing over and above BoT’s expectations.

“Our rate of return this year was 15.4%. Our declared interest for the year is 12.6% because we must have a reserve to absorb shocks and changes in the market. Compared with institutions/bodies that provide similar services in our current market, an interest ate of 12.6% is very good,” reechoed Dr. Kitayimbwa.
 

Also commenting on the declared interest rate of 12.6%, Dr. Saul Nsubuga, Member of the BoT said: “It is better to accrue a fair interest rate, within a regulated framework, but ensure that this money is available on retirement.”

Mr. Goddy Muhumuza, Senior Legal Officer, Makerere University (L) and other Members contribute to the discussion durint the 3rd MURBS AGM, 7th Nov 2013, CoCIS, Makerere University, Kampala UgandaThe well attended 3rd Annual General meeting (AGM) was characterized by precise questions and comments directed at the BoT, indicative of a strong desire for information sharing and exchange of ideas, appreciation for the work done, optimism and goodwill. The same scene played out as highlights of the Financial and External Auditor’s Reports for the Year ended June 2013 were presented.

 

The Emcee Mr. Louis Kakinda (with mic) moderated the well attended 3rd Annual AGM, 7th Nov 2013, CoCIS, Makerere University, Kampala UgandaThe day’s emcee Mr. Louis Kakinda provided a brief reflection on the 2nd AGM held on 25th October 2012; presented the agenda of the 3rd AGM and also introduced the current BoT comprising;  Hajjati Fatumah Nakatudde (Chairperson), Dr. John Kitayimbwa (Secretary), Ms. Edna Rugumayo, Dr. Saul Nsubuga, Mr. Dyson W. Maswere, Prof. Julius Zake, Mr. Bruce Twesigye and Ms Miriam Magala.

 

With regard to general composition, all permanent employees of the university under the age of 50 are eligible to join the MURBS as contributing members. During the AGM, the BoT made reference to the Trustee Some of the Members of Staff who attended the 3rd MURBS AGM, 7th Nov 2013, Makerere University, Kampala UgandaDeed signed between Makerere University and the MURBS, which stipulates that all permanent members of staff are eligible to join the Fund and therefore advised members to fill in the registration forms to enable BoT track all the finances due to them.

Another key message shared by the BoT assured the members that unlike past experiences with other pension/retirement schemes where members of staff retired without payment due to them, MURBS is committed to ensuring that the money is timely given to the concerned member upon retirement.

In the same spirit, members were advised that in addition to the designated 5% deducted from their salaries, Dr. John Kitayimbwa, Secretary BoT-MURBS addresses Members at the 3rd AGM, CoCiS, Makerere University, Kampala Ugandathey could liaise with the MURBS Secretariat and fill out forms to voluntarily increase their monthly contribution, which will inevitably increase on the savings they will access on retirement.

The Board Secretary, Dr. John Kitayimbwa thanked the members for supporting the current Board of Trustees since they assumed office on 1st April 2013.  “The term of office for the previous Board of Trustees chaired by Dr. Augustus Nuwagaba ended on 31st March 2013. A new BoT chaired by Hajjati Fatumah Nakatudde was constituted following the provisions in the Trustee Deed. We thank the previous BoT for laying a firm foundation. We also thank you members for supporting the new BoT to seamlessly transition into service,” remarked Dr. Kitayimbwa.

In agreement, one member, Ms Grace Christine Bazaya applauded the old and current BoT and the Executives of Staff Associations for working tirelessly to deliver the NIC/DAP funds to members at the time they needed it most.  Commenting on the future of MURBS, Ms Bazaya proposed a mechanism of checks and balances to ensure accountability and transparency at all levels.

Hajjati Fatumah Nakatudde, Chairperson BoT-MURBS answers Members' queries at the 3rd AGM, CoCIS, Makerere University, Kampala UgandaRegarding the members’ contributions which are yet to be remitted by Makerere University to MURBS, Hajjati Fatumah Nakatudde reported that BoT had sued the University, but were advised to settle the matter out of court and since then several negotiation meetings have been held between BoT and the University Management. However, since the Makerere University Council is the employer, a joint committee comprising membership from BoT and University Management is scheduled to present to the University Council on whether to pay interest on the contributions from the members who benefited from the previous In-house Retirement Scheme. She added that BoT is committed to the welfare of her members and they were optimistic that the negotiations at the different levels would all yield positive results.

Mr. Michael Kimoni, Partner, Ernst & Young, Auditors, MURBS at the 3rd AGM, 7th Nov 2013, CoCIS, Makerere University, Kampala UgandaAccording to the External Auditors Report to the members of MURBS by Ernst & Young-Certified Public Accountants, the financial statements presented fairly, in all material respects, the statement of net assets available for benefits of MURBS as at 30 June 2013. Ernst & Young further assented, that the reports represented changes in the net assets available for benefits and cash flows for the year then ended, in accordance with International Financial Reporting Standards and the Requirements of the Trust Deed.

The Fund Managers, Pine Bridge Investments (E.A.) Limited (PINE) and STANLIB in their report informed the AGM that they prepared the financials and shared the information with the Auditors.

Dr. George L. Openjuru, CEES, makes his contribution to the discussion, 3rd Annual AGM, 7thNov2013, CoCIS, Makerere University, Kampala Uganda“The Year closed with UGX 78.8billion. There was a reduction in the fund by UGX 5.7billion because of the NIC/ DAP funds which were paid out to the members during the year. The assets as of June 2013 added up to UGX. 78.8billion. If the MURBS was to be wound up today, we would sell our assets worth UGX 78.8billion and pay our liability,” highlighted the statement from PINE and STANLIB.

Responding to the Fund Managers’ report, the Board Secretary, Dr. John Kitayimbwa had this to say
“The Fund Managers work on behalf of the BoT, which takes full responsibility of the interest declared. The two fund managers (PINE and STANLIB) performed over and above our expectations. The Board of Trustees will consider giving them a bonus,’’ commended Dr. Kitayimbwa.

The BoT, MURBS, during the 3rd Annual AGM, 7th Nov 2013, CoCIS, Makerere University, Kampala Uganda

To toast to this historic achievement, the BoT hosted a cocktail for its Members at the Makerere University Guest House.

 

Story by:   Ritah Namisango and Mark Wamai, Public Relations Office
Photos by:  Henry Mukasa, Service Provider

Mark Wamai

Continue Reading

General

Bid Notice: Refugee Law Project Mid-Term Review

Published

on

An aerial view of Left to Right: Mitchell Hall, Senate, CoCIS Blocks B and A, Lincoln Flats, Frank Kalimuzo Central Teaching Facility and School of Social Sciences (white) Buildings, Makerere University, with Kampala City in the background, October 2018. Uganda.

DETAILED BID NOTICE UNDER OPEN BIDDING

Invitation to bid for Consultancy Services for Midterm Review of The Embassy of The Kingdom of Netherlands Funded Project; Securing Refugee-Host Relations Through Enhanced Protection, under Refugee Law Project, School of Law, Makerere University.
Proc. Ref. No. MAK/SRVCS/2025-26/00013

  1. The Makerere University under Refugee Law Project has allocated funds to be used for the acquisition of Consultancy Services for Midterm Review of The Embassy of The Kingdom of Netherlands Funded Project; Securing Refugee-Host Relations Through Enhanced Protection, under Refugee Law Project, School of Law, Makerere University.
  2. The Entity invites sealed bids from eligible bidders for the provision of the above consultancy services.
  3. Bidding will be conducted in accordance with the open domestic bidding procedures contained in the Public Procurement and Disposal of Public Assets Act, 2003, and is open to all bidders.
  4. Interested eligible bidders may obtain further information and inspect the bidding documents at the address given below at 8(a) from 8:00am to 5:00pm.
  5. The Bidding Documents in English may be purchased by interested bidders on the submission of a written application to the address at 2 above and upon payment of a non-refundable fee of UGX. 100,000/= (One Hundred Thousand), only. The method of payment shall be cash payment after downloading Application Advice Slip from https://payments.mak.ac.ug/ and thereafter obtain a receipt from the bank before picking the document.
  6. Proposals must be delivered to the address below at 8(c) at or before 10:00am on Wednesday 20th August 2025. All proposals must be accompanied by a proposal securing declaration which must be valid until 28th February 2026. Late proposals shall be rejected. Proposals will be opened in the presence of the consultants’ representatives who choose to attend at the address below at 8(a) at 10:15am on 20th August 2025.

See below for detailed bid notice.

Mak Editor

Continue Reading

General

The Alumnet Magazine 2025-26

Published

on

Prof. Barnabas Nawangwe (Left) shakes hands with Elizabeth Gabeya during the role play. 21-year-old Elizabeth Gabeya, a Bachelor of Agricultural and Rural Innovation First Year Mastercard Foundation Scholar at Makerere University, takes charge of the Vice Chancellor's office for two days- March 10th and 11th 2025, Main Building, Kampala Uganda, East Africa.

I would like to extend warm congratulations from the University Management and myself to the Mastercard Foundation Scholars Program Team for securing the Second Phase of the Scholars Program at Makerere University, which will run from 2023 to 2034. This achievement is commendable! Makerere University takes great pride in its long-standing partnership with the Mastercard Foundation, which has yielded numerous valuable outcomes over the past decade. This collaboration has profoundly impacted the Scholars Program and various other initiatives.

During the challenging times of the COVID-19 pandemic, when many academic institutions shifted to online learning, the Mastercard Foundation played a pivotal role in enhancing our e-learning infrastructure through the E-learning Initiative project. This initiative has enabled the university to create high-quality, inclusive academic online content and support systems that benefit all Makerere University students and those from affiliated institutions across Uganda.

Additionally, Makerere University is working with the University of Cape Town and the University of Cambridge on another important Mastercard Foundation project: The Climate Resilience and Sustainability Collaborative. As part of this initiative, we will offer 40 PhD scholarships, 250 MSc scholarships, and skilling programmes for 500 youth. Moreover, 40 women- and youth-led green innovations will be supported, along with 30 postdoctoral scholarships. This demonstrates the immense value of our collaboration with the Mastercard Foundation, and we are optimistic about continuing this partnership for many years.

Like the first phase, the second phase of the Scholars Program will focus on providing scholarships to vulnerable young people from various backgrounds. Special attention will be given to refugees, young people with disabilities, those from refugee-hosting communities, and other underserved individuals from hard-to-reach areas. This emphasis on inclusivity will further enhance opportunities for deserving youth.

I am pleased to share that Makerere University is progressing significantly toward fostering inclusivity for all students. We have established the Disability Support Centre on the ground floor of the Frank Kalimuzo building, designed to serve as a comprehensive resource for our students with disabilities and other vulnerable young individuals. Thanks to the contributions from the Mak Run 2024, the Centre is now equipped with vital ICT services, including screen readers, JAWS, Fusion, Braille services, and other essential amenities to ensure our students can easily pursue their studies.

Furthermore, I want to assure all our students, staff, partners, and the broader community that the University Management is deeply committed to creating a safe and supportive learning environment. With the University Council’s and partners’ invaluable backing, we have developed and launched the Safeguarding Policy. This vital framework outlines our measures to protect everyone from abuse and harm at Makerere University. We are building a community where everyone can learn, work, and thrive.

Makerere University remains a top choice for young people seeking higher education. The university’s vision is “To be a thought leader of knowledge generation for societal transformation and development.” Its mission is “To provide transformative and innovative teaching, learning, research, and service responsive to dynamic national and global needs.” These aspirations place the university in a unique position, and it›s essential to uphold them always. As a University, we will continue to strengthen our efforts to focus on the key issues facing humanity and meet our obligations to a broader society beyond education and research.

In conclusion, we are grateful to our invaluable partner, the Mastercard Foundation. The renewal of the partnership with Makerere University for another 10 years of Phase Two of the Scholars Program is a significant commitment that will empower 1,000 young people in Uganda and throughout Africa. We sincerely appreciate the Foundation’s support and dedication to this mission. The University Management is committed to supporting the Mastercard Foundation Scholars Program to realize the vision and mission of Makerere University and the Mastercard Foundation as We Build for the Future.

Professor Barnabas Nawangwe
VICE CHANCELLOR

Mak Editor

Continue Reading

General

Mary Stuart Hall Reborn: Makerere Celebrates Reopening of Historic Female Residence

Published

on

Hon. Janet Kataaha Museveni (2nd Left) flanked by Left to Right: Hon. Balaam Barugahara, Mrs. Lorna Magara and Prof. Barnabas Nawangwe at the official reopening of Mary Stuart Hall on 15th August 2025. First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, by the National Enterprise Corporation (NEC), August 15, 2025, Makerere University, Kampala Uganda, East Africa.

Makerere University officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, carried out by the National Enterprise Corporation (NEC). The reopening ceremony, held on August 15, 2025, was presided over by the First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni, who expressed profound gratitude to God, the government, and the University leadership for what she described as a long-awaited answer to prayer. The function begun with an opening prayer led by Rev. Dr. Lydia Kitayimbwa of St. Francis Chapel.

Hon. Janet Kataaha Museveni, Hon. J.C. Muyingo, Dr. Kedrace Turyagyenda and other officials are given a brief tour of Mary Stuart Hall by Mrs. Lorna Magara, Prof. Barnabas Nawangwe and Makerere Leadership. First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, by the National Enterprise Corporation (NEC), August 15, 2025, Makerere University, Kampala Uganda, East Africa.
Hon. Janet Kataaha Museveni, Hon. J.C. Muyingo, Dr. Kedrace Turyagyenda and other officials are given a brief tour of Mary Stuart Hall by Mrs. Lorna Magara, Prof. Barnabas Nawangwe and Makerere Leadership.

Mary Stuart Hall, the largest and oldest female residence at Makerere, was constructed in 1947 and named after Mary Stuart, wife of Anglican Archbishop Simon Stuart, who championed women’s admission to the University. For decades, it has been home to generations of accomplished women, including cabinet ministers, diplomats, academics, and entrepreneurs. Yet in recent years, the hall had fallen into a state of disrepair, with broken facilities, leaking roofs, and a lift that had remained non-functional for nearly 50 years.

Hon. Janet Kataaha Museveni beams as she listens to some of the speeches. First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, by the National Enterprise Corporation (NEC), August 15, 2025, Makerere University, Kampala Uganda, East Africa.
Hon. Janet Kataaha Museveni beams as she listens to some of the speeches.

In her address, the First Lady recalled touring Makerere’s halls of residence during the COVID-19 lockdown in 2020, where she was distressed by their poor condition. Believing that one’s environment directly shapes one’s mindset, she was moved to pray for their restoration. The reopening of Mary Stuart Hall, she noted, symbolized God’s faithfulness and the government’s commitment to dignified student living. She commended NEC for its timely and high-quality work, praised the Ministry of Finance, Planning and Economic Development for providing the funding, and reaffirmed the NRM government’s pledge to gradually restore all Halls of Residence across the University.

Chairperson of Council, Mrs. Lorna Magara, hailed the First Lady’s nine years of transformative leadership in the education sector, pointing to substantial improvements in human resource investment, infrastructure development, and research funding. She noted that staff salary allocation at Makerere had increased by 116%—from UGX 102.4 billion in FY 2016/17 to UGX 221.6 billion today—including successful salary harmonization, with professors now earning up to UGX 15 million per month. Infrastructure investment has also more than doubled, with the development budget rising from UGX 10.1 billion in FY 2016/17 to UGX 23.4 billion, a 132% increase, enabling projects such as the restoration of the Main Building, construction of the Schools of Law and Dentistry, and perimeter wall construction. In addition, government support has boosted research excellence, with annual funding growing from zero in FY 2016/17 to UGX 20 billion today. She described the reopening of Mary Stuart Hall as a visible symbol of this broad, sustained commitment to higher education.

Mrs. Lorna Magara delivers her speech on the occasion. First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, by the National Enterprise Corporation (NEC), August 15, 2025, Makerere University, Kampala Uganda, East Africa.
Mrs. Lorna Magara delivers her speech on the occasion.

Vice Chancellor Professor Barnabas Nawangwe described the reopening as not just the restoration of a building, but the renewal of a legacy. He noted that Mary Stuart Hall has always been more than a residence, “it has been a sanctuary of sisterhood, leadership, and inspiration for women” he said. The renovations have transformed the hall into a modern facility housing 521 students, complete with a new lift, modern washrooms, laundry facilities, bright corridors, pantries, a reading room, and a senior common room. NEC has also committed to installing a solar lighting system and landscaping the grounds, while plans are underway to modernize the kitchen and dining area. He further thanked the First Lady for the meticulous leadership in the education sector.

Prof. Barnabas Nawangwe makes his remarks. First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, by the National Enterprise Corporation (NEC), August 15, 2025, Makerere University, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe makes his remarks.

The 91st Guild President, H.E. Ssentamu Churchill James, speaking on behalf of students, called the reopening a restoration of hope and pride for the Makerere community. He urged fellow students to cherish and protect the renewed facility as a place of ideas, friendships, and shared teachings, while carrying forward the hall’s proud legacy of resilience and leadership.

Chairlady of Mary Stuart Hall, Ms. Anthea Ampaire, a fourth-year medical student, spoke with gratitude and renewed hope, describing the reopening as a rebirth of the hall. She celebrated the hall’s historical significance as the first female residence at Makerere, praising its new inclusive features such as ramps and a lift for persons with disabilities. She encouraged fellow students to embrace the new facilities with a sense of responsibility and to use them as a foundation for creating brighter futures.

Chairlady of Mary Stuart Hall, Ms. Anthea Ampaire. First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, by the National Enterprise Corporation (NEC), August 15, 2025, Makerere University, Kampala Uganda, East Africa.
Chairlady of Mary Stuart Hall, Ms. Anthea Ampaire.

The ceremony, attended by dignitaries including State Minister for Higher Education Hon. J.C. Muyingo, was marked by joy, prayers, and reflection on the hall’s historic role in shaping Uganda’s women leaders. As Mary Stuart Hall officially reopens, it stands not only as a restored building but also as a renewed commitment to inclusivity, empowerment, and the holistic development of the Makerere student community.

The First Lady poses for a group photo with officials at the Mary Stuart Hall signpost. First Lady and Minister of Education and Sports, Hon. Janet Kataaha Museveni officially reopened Mary Stuart Hall after a year-long renovation project that cost UGX 10.5 billion, by the National Enterprise Corporation (NEC), August 15, 2025, Makerere University, Kampala Uganda, East Africa.
The First Lady poses for a group photo with officials at the Mary Stuart Hall signpost.

Eve Nakyanzi
Eve Nakyanzi

Continue Reading

Trending