General
MURBS declares Market-high Rate of Return for 2nd year running
At the Fourth Annual General Meeting (AGM) of the Makerere University Retirement Benefits Scheme (MURBS) held on 18th December 2014, the Secretary-Board of Trustees (BoT), Dr. John Kitayimbwa declared at 12% yet another market-high rate of return for the Staff Scheme as compared to similar schemes like NSSF which declared 11%. The rate of return is used by schemes and corporations to measure the profit on any investments they have made over a period of time; and in the case of MURBS, in respect of the year ended 30th June 2014.
In his introductory remarks given at the Fourth AGM held in the College of Engineering Design Art and Technology (CEDAT) Conference Hall, Dr. Kitayimbwa lauded the BoT, MURBS Administrator-Liaison Financial Services as well as Fund Managers PineBridge Investments and StanLib for a job well done. He thanked officials from the Uganda Retirement Benefits Regulatory Authority (URBRA) for taking time off to attend the AGM. URBRA is the regulatory authority in charge of managing the operations of retirement benefit schemes in Uganda and was represented at the 4th AGM by the CEO-Mr. Moses Bekabye, Legal Services Manager-Ms. Rita Nansasi and Ms. Janet Iremera.
In her report, the MURBS Chairperson Hajati Fatumah Nakatudde was happy to note that MURBS is a fully licensed retirement benefits scheme in accordance with URBRA with eight out of nine Trustees licensed by the regulator. She noted that the gains made by MURBS were buoyed by the favourable investment climate as Uganda registered a positive growth of 4.7% driven mainly by Government expenditure on infrastructure. As a result, MURBS made a gross income of UGX 6.7billion and a net income of UGX 4.5billion. She further reported that the scheme paid out over UGX 2.4billion in benefits.
The Chairperson however noted that the scheme continues to experience challenges in the form of unremitted contributions from the employer amounting to UGX 3.94billion for the period November 2013 to June 2014. “As such it has been impossible to award interest on contributions received during the course of the year on a time-weighted basis” said the Chairperson.
She further reported that the total fund value of MURBS stood at UGX 65.72billion as compared to UGX 78.85billion the previous year. The drop in fund value was as a result of an impairment loss on contributions receivable from the employer amounting to UGX 33.46billion. The Chairperson however reassured members that the trustees with the help of courts of law were pressing for the recovery of this debt as owed to the scheme by the University.
Hajati Nakatudde was also glad to inform members that the scheme with the help of the Administrator had developed an online platform to enable members to access their profiles instantly. “We have developed an online platform that will allow members to access their MURBS records and member statements in real-time as well as make changes to their member details and we thank our Administrator Liaison Financial Services for this milestone” said the Chairperson.
Presenting the Financial Statements for the year ended 30th June 2014, the Scheme’s Principal Pensions Officer Mr. Vitalis Omondi noted that the scheme still had a number of qualifying members with uncollected benefits. He reported that MURBS membership grew from 3,193 to 3,254 as at 30th June 2014 implying an increased number of employee contributions to the scheme. MURBS Investments grew from UGX 43.3billion in 2013 to UGX 52.7billion in 2014 thanks to the great work by Fund Managers PineBridge investments and Stanlib.
Supplementing the Administrator’s report, Dr. John Kitayimbwa noted that MURBS received an investment income of UGX 5.2billion in 2014 with the biggest gains received from treasury bonds interest. Growth in income was also experienced due to gains in share price for brands like Safaricom where the scheme owns shares. He further noted that the scheme had saved money by not incurring any legal costs in 2014. He however appealed to URBRA to help expedite cases of members with medical conditions seeking to access their funds to meet treatment costs. He noted that the current Uganda Medical Board (UMB) assessment procedures were too tedious and often left members frustrated as they failed to use their own savings to pay for treatment.
In his remarks, the URBRA CEO Mr. Moses Bekabye informed members that the Retirement Benefits Regulatory Authority (URBRA) Act of 2011 has provisions mandating employers to contribute to their employees’ retirement benefits. He backed MURBS in recognizing the unremitted employer contributions as a debt in favour of scheme members but took a softer stance when he advised members to avoid litigation by settling any matters amicably. With regard to delays by UMB in assessing member requests to avail funds for treatment, Mr. Bekabye reassured the AGM that this matter was being addressed in the current submissions by URBRA in a bill before parliament. “Among the mandatory benefits that will make contributions to retirement benefits schemes will be i) Age Benefit ii) Survivor Benefit-in the event of employer death iii) Invalidity Benefit-in case one is sick or incapacitated and cannot work anymore and iv) Minimum Health Care Package. This will mean that employees who make mandatory contributions will be able to get medical treatment” said Mr. Bekabye.
In the reactions that followed from the audience, members urged the BoT to calculate how much the University owed MURBS such that stakeholders could be consulted on what action to take through their respective staff associations. Members also raised queries on who approves the expenditure by BoT, how much of beneficiaries’ contributions should be spent by the BoT as well as issues to do with impairment as shared in the Chairperson’s report to the AGM.
In response the BoT reassured members that Trustees are part of the URBRA Committee that checks expenditure ratios of Retirement Benefits Schemes in Uganda and so far, MURBS is one if the best performing schemes in the country with regard to compliance. Trustees further shared that the BoT budget is approved based on an annual work plan. and in compliance with URBRA regulations. With regard to the debt owed by the University which led to the impairment loss, the BoT advised that the best way of recovering this debt was through staff General Assembly action, which the association leaders present resolved to follow up.
In her closing remarks, the Chairperson Hajati Fatumah Nakatudde thanked all present for contributing to the discussion at the 4th AGM. She further requested members present to remind all retirees to pick their benefits from the scheme, according to the lists of names published in the media.
The emcee of the day and Public Relations Officer for the Academic Staff Association (MUASA) Mr. Louis Kakinda thanked the BoT for their transparency which had led to a fruitful 4th AGM. He further urged members present to support the MUASA Executive and Management in the quest to get the Government to deliver on its promises. “Remember that our contributions are meager and we are pushing Government to give us the UGX 15million for a Professor pro rata, and so we urge you to keep supporting us,” he concluded.
Article by Public Relations Office
Today, Monday 18th May 2026, most students will begin their End of Semester Two Examinations, and they have been encouraged to remain confident and calm during the examination season.
Data from the University Counselling and Guidance Centre shows that even the best-prepared students experience anxiety, pressure, fear of failure, sleep difficulties and emotional exhaustion during examinations.
Addressing students during a pre-examination mental health workshop organised by the Mastercard Foundation Scholars Program at Makerere University on 15th May 2026, Prof. Buyinza Mukadasi, Academic Registrar, reminded students that their mental health is far more important than any grade.
“This workshop comes at the right time. I encourage all students to understand that your worth is not defined by a single examination or grade. Examinations are only one part of your educational journey. What matters equally is your ability to remain healthy, focused, ethical and hopeful throughout the process,” Prof Buyinza, said.
Prof. Buyinza shared practical tips to help students avoid fatigue and excessive stress during this period.
“Prepare a realistic reading timetable and avoid last-minute cramming. Take short breaks while studying to allow your mind to recover and improve concentration. Get adequate sleep and avoid excessive consumption of caffeine and energy drinks,” he noted.
During the session, he also encouraged students to engage in light physical activity, stretching or short walks to refresh their minds and reduce tension.
“Maintain a positive mindset and avoid comparing yourself excessively with others. Stay connected with supportive friends, family members, mentors or counsellors whenever you feel overwhelmed,” Prof. Buyinza advised.
He reaffirmed the University’s commitment to supporting students not only academically, but also in their mental and psychosocial wellbeing, encouraging learners to seek help from counsellors, lecturers, mentors, peers, family members and available support systems whenever necessary.
Speaking at the event, Ms. Prossy Nakayiki, the Deputy Academic Registrar in charge of Examinations and Transcripts warned students against examination malpractice and urged them to uphold academic integrity.
“Anxiety should never push anyone into examination malpractice, do not enter an examination room with a smart watch, phone or any hidden paper commonly known as bullets. Preparation, honesty, rest and self-belief remain the best approaches to success,” Ms. Nakayiki, said.
She also advised students who had not yet printed their examination cards to do so early, noting that delays at the last minute could cause unnecessary panic and disorganisation.
In her presentation about the reality of examination stress and coping strategies, Connie Evelyn Kharono, a Counselling Psychologist at the Counselling and Guidance Center, called upon students to adopt the 5, 4,3,2,1 Ground technique before an exam or intense study session.
The 5, 4,3,2,1 ground technique, is one of the easiest mindfulness strategies designed for managing stress and anxiety, as it can be done almost anywhere and at any time. You name 5 things you can see, 4 you can touch, 3 you can hear, 2 you can smell and 1 you can taste.
She advised students to focus on what they can control.
“You can control your study schedule, your sleep and how kindly you speak yourself. You cannot control the exact questions that will be on the paper, so channel your energy only into the preparations you can influence,” Ms Kharono, said.
Ms Kharono encouraged students to maintain a regular sleep schedule and ensure that they are eating balanced meals and staying hydrated.
Ms Christine Nimusiima, a senior Psycho-Social Officer at the Mastercard Foundation Scholars Program at Makerere University, called upon the students to practise positive self-talk and maintain a healthy mindset.
“During this examination season, avoid comparing your revision progress or predicted grades with your peers. Your only competition is who you were yesterday. Take a deep breath, trust in the work you have done and remember that you have the resilience to succeed. Best of luck with your preparations,” Ms. Nimusiima said.
By Dr. Racheal Ddungu Mugabi
The Alliance for African Partnership, Africa Office, today received a delegation from the University of Bergen (UiB)’s Division of Research and Innovation. The visiting team comprised Kristin Svartveit, Vivil Valvik Haraldsen, and Emmanuel Ovon Babatunde.
The delegation was officially introduced by Prof. Sylvia Antonia Nakimera Nannyonga-Tamusuza, Head, Grants Administration and Management Support Unit (GAMSU), together with Dr. Ronald Semyalo (Makerere University coordinator for UiB)
The visit aimed to strengthen institutional collaboration and promote research excellence through international partnerships. The key objectives of the meeting included:
- UiB team sharing information and experiences on enhancing success in EU grant acquisition and management.
- UiB application support process for Postdoc fellowships at Bergen up to a period of 2 years
- AAP Africa Office providing insights into the AAP consortium programs and activities in order to foster collaboration between the AAP consortium and UiB.
The engagement provided an important platform for knowledge exchange, networking, and exploring opportunities for future collaborative research initiatives between Makerere University, the AAP consortium, and the University of Bergen.
The Author is the Director of the AAP Africa Office
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