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
General
Makerere University and Xiangtan University Advance Strategic Partnership in Chemical Engineering
Makerere University and Xiangtan University are set to update their close to 20-year academic partnership, with a new focus on launching a joint Master’s degree program in Chemical Engineering and expanding student and staff exchange initiatives.
The commitment was reaffirmed during a recent visit by a delegation from Xiangtan University to Makerere University headed by Professor Dingyu Ou, in the company of Mr. Tang Fei and Professor Gilbert Gumshabe, the Chinese and Ugandan Directors of the Confucius Institute at Makerere University respectively.
While addressing the delegation, Professor Nawangwe highlighted that this initiative is part of a broader strategy to diversify academic offerings and contribute to national development through training in Chemical Engineering. Through this new initiative, the University will better prepare graduates for the petrochemical industry and support the country’s industrial growth.
The Vice Chancellor appreciated that the proposed collaboration aims to address Uganda’s growing need for industrial expertise, particularly as the country develops its petroleum sector. The two universities here are working toward a 1+2 training model, which will enable Makerere students to gain practical experience and access advanced laboratory facilities at Xiangtan University.
Professor Nawangwe further reiterated that “our relationship with the people of China, not just for Makerere but also for a big part of Uganda, has been opened wider by the establishment of the Confucius Institute, considering that many other collaborations like one being discussed now have come through this collaboration.”
The head of the Xiangtan delegation, Professor Dingyu Ou, expressed appreciation for the meeting, and acknowledged the history between the institutions. “As mentioned, we have a very long relationship and a very stable friendship between our two universities.”
Professor Ou extended appreciation for the support provided to the Confucius Institute at Makerere, the care shown to his colleagues, and looked forward to the successful start of the Chemical Engineering collaboration.
Assuring the delegation of Makerere’s readiness for the collaboration, Ms. Hawa Ndagire Kajumba the Lead, Partnerships and Stakeholder Engagement, Makerere University Advancement Office, aligned with the Vice Chancellor’s emphasis of University goal to have both theory and practice imparted to the students.
She said “the curriculum of the university and Uganda as a whole is moving towards competence-based education training to ensure students are equipped to demonstrate those skills in the actual field, particularly regarding petroleum exploration.”
Ms. Ndagire Kajumba also emphasised a shift in strategy for the partnership office, saying, “we are moving away from just signing MOUs that collect dust, and moving towards those that are more collaborative to benefit our faculty and students, just like this one.”
Professor Gilbert Kumushabe aligned his remarks with those of the Vice Chancellor and Ms. Ndagire Kajumba, and described the method used at Xiangtan University as “actually competence-based teaching.”
Based on his recent visit, Prof. Gumoshabe shared that students in China are divided into groups with dedicated teachers to perform practical, hands-on work beyond the theoretical lecturers. He expressed gladness that the same was being adopted for the Ugandan context.
Both institutions are now working to finalise the specific agreements for the joint degree and exchange programs. Beyond academic training, the collaboration will advance cultural and professional exchange.
Makerere University on October 8, 2026 commemorated Nkrumah Day with a Public Lecture at the Yusuf Lule Central Teaching Facility Auditorium. The Lecture gathered students, academics, historians and distinguished guests to discuss Kwame Nkrumah’s contribution and its relevance to Africa.
Organised by Nkrumah Hall under the theme “Leadership, Self-Reliance and Transformation: Reimagining Nkrumah’s Vision for the 21st Century African Youth,” the lecture explored how Nkrumah’s ideals of Pan-Africanism, self-reliance and African unity can guide the continent beyond political independence.
Endorsing Nkrumah’s Vision of Investing in Africa
The First Deputy Prime Minister and Chancellor of Makerere University, Rt. Hon. Dr. Crispus Walter Kiyonga, was the chief guest.
In remarks delivered on his behalf by Dr. Charles Kahigiriza, Dr. Kiyonga said the day was a moment to reflect on Nkrumah’s views on Pan-Africanism and the lessons on self-reliance still held for Africa today and emphasised the importance of keeping Africa’s young talent at home (in Africa).
He then discussed ways of encouraging young people to achieve Nkrumah’s vision, pointing out that Africa is losing skilled people to brain drain as many go abroad to work.
He encouraged young Africans to stay and contribute to the continent’s growth, describing Africa’s potential as a promising asset.
Transformation Requires Discipline
The keynote address was delivered by Prof. Gerald Karyeija, a political analyst and Head of Quality Assurance at the Uganda Management Institute (UMI).
He discussed Nkrumah’s role in championing Pan-Africanism and the formation of the African Union. He acknowledged that “his legacy was also very complex” due to a number of challenges.
Regarding leadership, the professor argued, “leadership does not begin with the title. It begins with responsibility,” adding that “leadership is not only about power, privilege, entitlement, or status. It’s about service. It’s about stewardship.”
He encouraged attendees to emulate Nkrumah by using their knowledge and power for good.
“Don’t get the intellectual power from Makerere to become evil,” he cautioned, stressing that transformation requires discipline.
Universities Turn Knowledge into Action
Associate Professor Gorettie Nabanoga, the Acting Deputy Vice Chancellor for Finance and Administration, represented Professor Barnabas Nawangwe, the Vice Chancellor of Makerere University.
She aligned herself with the previous speakers and urged participants to move beyond simply celebrating Kwame Nkrumah’s memory and begin implementing his vision.
She called for practical action, urging the mobilisation of Pan-Africanism beyond slogans. “Perhaps the Pan-Africanism of this generation must therefore move from solidarity to capacity, from rhetoric to institutions, from potential to production, and from aspirations to implementation,” she said.
On the role of universities, she reiterated that Makerere University is a hub for innovation rather than just a degree-granting institution.
“We are building for the future when we develop people who can think critically, when we generate knowledge, when we challenge perceived knowledge and wisdom, and when we innovate,” she said.
Addressing the students present, she said, “You are not simply the leaders of tomorrow; you are citizens of Africa today. The opportunity you enjoy at Makerere University comes with responsibility.”
Dr. Winifred Kabumbuli, the Dean of Students at Makerere University, set the tone at the 2026 Nkrumah Day Public Lecture.
She revealed that this lecture organised under Nkrumah Hall highlights its significance as a symbol of Makerere University‘s commitment to Pan-Africanism. “The name Nkrumah Hall has stood the test of time and sounds like a horn beautifully over the African continent and beyond,” she said.
She elaborated on the lecture’s theme of leadership, self-reliance and transformation, noting its alignment with the university’s mission to nurture future leaders.
Direction of Pan-Africanism
During a panel discussion, speakers questioned how far Africa has come. Associate Professor Zahara Napeewo, Deputy Dean of the School of Law at Makerere University, stated that the continent was still lagging behind the progress Nkrumah would have wanted.
She shared that while educational institutions provide knowledge, they must go further and encourage graduates to become problem-solvers who can create employment for themselves rather than wait to be employed.
Dr. Zaid Sekitto, a Lecturer in the Department of History, Archaeology and Heritage Studies at Makerere, added that the structures of colonialism that Nkrumah fought against were still in place. “They must be addressed”, he said, or Africa would remain trapped in colonialism and lose sight of Nkrumah’s vision.
The Youth and the Unfinished Struggle
The students also had an opportunity to share their perspectives on the unfinished struggle for Pan-Africanism.
Nkrumah Hall Chairperson Joseph Sekabira noted that the Africa Nkrumah fought for was not the Africa that exists today.
He urged young people to take up leadership now rather than wait until they were older.
Mark Kwikiriza, a final-year Bachelor of Arts in Music student and resident of Nkrumah Hall, said Nkrumah’s legacy remained relevant because the problems he faced in Ghana were similar to those society faces today.
He recommended that society could rejuvenate the spirit of “Osagyefo,” the title meaning “redeemer” by which Nkrumah was known.
Honouring 13 Years of Service
The event also recognised Mr. John Kamya for his 13 years of outstanding service as Warden of Nkrumah Hall, a position he held from 2007 to 2020.
He received an appreciation award presented by the Chief Guest’s representative in the presence of the Hall Chairperson and other dignitaries.
In his acceptance remarks, Mr. Kamya noted that the 2018 visit to the Hall by Kwame Nkrumah’s daughter, Ms. Samia Yaba Nkrumah, was one of the fondest memories of his time in office. He thanked Makerere for the opportunity to serve the University community and its stakeholders.
At the peak, the event concluded with tree planting and cake-cutting activity in front of Nkrumah Hall. The audience was left contemplating one message of Kwame Nkrumah’s vision of a united, self-reliant Africa, freed first in the mind, that remains unfinished and in the words of some speakers, has been handed to the current generation as a task to accomplish.
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