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MURBS declares Market-high Rate of Return for 2nd year running

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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.

Members listen attentively to the proceedings of the 4th MURBS AGM, 18th December 2014, CEDAT, Makerere University,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.

MURBS Legal Counsel-Prof. Jean Barya updated the 4th AGM on the court proceedings to recover contributions from the employerShe 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.

URBRA CEO-Mr. Moses Bekabye reassured the 4th AGM of the regulator's support towards MURBS bid to improve members' welfareIn 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.

MURBS BoT Secretary-Dr. John Kitayimbwa (L) confers with emcee Mr. Louis Kakinda during the 4th AGM, CEDAT, Makerere UniversityIn 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

Mark Wamai

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Call for Applications: Government Sponsorship 2026/27

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Makerere University -Main Building

The Academic Registrar, Makerere University informs all Head Teachers of Advanced Level (UACE) Schools with UNEB Centre Numbers that applications for admission to Public Universities and other Tertiary Institutions for 2026/2027 Academic Year for government sponsorship will be done electronically/online using the Academic Management Information
System (ACMIS) from 15th October, 2025 to 31st December, 2025. The Public Universities include:
(a) Makerere University
(b) Makerere University Business School
(c) Mbarara University of Science and Technology
(d)Kyambogo University
(e) Gulu University
(f) Busitema University
(g) Muni University
(h) Kabale University
(i) Lira University
(j) Soroti University
(k) Mountains ofthe Moon University

NB: The list of Other Tertiary Institutions is provided on the online application portal.

Other Important documents:

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Business & Management

PIM Centre Holds 9th Steering Committee Meeting, Set to Benefit from World Bank Support

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Mak PIM COE Steering Committee

The Public Investment Management (PIM) Centre of Excellence at Makerere University today, October 10th, 2025, held its 9th Steering Committee Meeting to review progress made in the first quarter of the financial year and plan for the months ahead.

The meeting was chaired by Ms. Getrude Basiima, who represented Mr. Hannington Ashaba, Director Budget at the Ministry of Finance, Planning and Economic Development (MoFPED). Ms. Basiima commended the Centre for its continued commitment to strengthening public investment management capacity across government institutions.

In her remarks, Ms. Basiima applauded the Centre for successfully hosting the Public Investment Management Conference held in August at Makerere University. The conference attracted key policymakers, development partners, and academics who deliberated on how to enhance the efficiency, sustainability, and impact of public investments in Uganda.

She further shared exciting news that the Government of Uganda has secured funding from the World Bank to support the public investment management function. The PIM Centre, she announced, will be among the key beneficiaries of these funds — receiving support for the construction and acquisition of a permanent home to enhance its institutional sustainability and training capacity.

Reviewing the Centre’s quarterly performance, Ms. Basiima congratulated the team for successfully conducting three specialized trainings in the first quarter, reaching officials from various Ministries, Departments, and Agencies. These trainings continue to strengthen the technical competencies required for effective project preparation, appraisal, and implementation in line with Uganda’s National Development Plan.

The PIM Steering Committee in a meeting held at Emin Pasha Hotel

She encouraged the Centre to integrate climate change considerations into its future training programmes, noting that sustainable public investment must now account for environmental resilience and climate adaptation.

The centre team presented the proposed  structure/ organogram, the financial performance of 2024/2025, research areas for 2025/2026 and the strategic plan for 2025 – 2030.

The Steering Committee reaffirmed its commitment to supporting the PIM Centre’s vision of becoming a regional leader in building capacity for efficient, transparent, and sustainable public investment management.

Betty Kyakuwa
Betty Kyakuwa

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Strengthening Collaboration between Makerere University and the University of Groningen

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Seated: Prof. Sarah Ssali (C), Dr. Dinie Bouwman (L) and Dr. Anita Veltmaat (R) with teams from Makerere University and the University of Groningen during the meeting on 7th October 2025. Strategic meeting between Makerere University and the University of Groningen, Netherlands to move beyond existing collaborations and formalize a new Double Doctorate (PhD) program, 7th October 2025, Main Building, Kampala Uganda, East Africa.

A significant development unfolded at Makerere University during a strategic, hour-long meeting in the vice chancellor’s boardroom on 7th October 2025, marking a deepening bond with the University of Groningen in the Netherlands. The primary goal was to move beyond existing collaborations and formalize a new Double Doctorate (PhD) program. Prof. Sarah Saali, the Deputy Vice Chancellor for Academic Affairs, set the tone by emphasizing that institutional partnerships are crucial to Makerere University, which she proudly called the leading research and most collaborative university in the world.

The parties from Makerere University and the University of Groningen meeting in the Vice Chancellor's Boardroom. Strategic meeting between Makerere University and the University of Groningen, Netherlands to move beyond existing collaborations and formalize a new Double Doctorate (PhD) program, 7th October 2025, Main Building, Kampala Uganda, East Africa.
The parties from Makerere University and the University of Groningen meeting in the Vice Chancellor’s Boardroom.

The discussion promptly formed the core structure of the program: a four-year PhD (or three if the master’s was research-based), with supervision duties split 50-50% between the two institutions. A key feature is the mobility requirement, stipulating that PhD candidates would spend a total of six months in the Netherlands, potentially divided into two three-month periods. Crucially, the University of Groningen confirmed there would be no teaching requirement during this stay, allowing students full access to focus on their research. A major financial hurdle was overcome with the adoption of a fee-waiver policy; Makerere would waive tuition for incoming Groningen candidates, and Groningen would reciprocate for Makerere‘s students, significantly boosting the program’s financial viability.

Prof. Sarah Ssali (R) presents a Mak Souvenir to Dr. Anita Veltmaat. Strategic meeting between Makerere University and the University of Groningen, Netherlands to move beyond existing collaborations and formalize a new Double Doctorate (PhD) program, 7th October 2025, Main Building, Kampala Uganda, East Africa.
Prof. Sarah Ssali (R) presents a Mak Souvenir to Dr. Anita Veltmaat.

However, the critical issue of the stipend remained. Dr. Anita Veltmaat explained that to meet the required living standard of approximately €1,875 per month in Groningen, the incoming candidate must secure a partial external scholarship of around €250 per month. The positive news is that if the candidate secures this minimum scholarship, the University of Groningen is prepared to top up the amount to the full living standard for the six months the student spends in the Netherlands. It was noted that this initial financial hurdle might be simplified for Makerere students, as many are already staff members receiving a salary, which could help cover the required €250.

The meeting in session. Strategic meeting between Makerere University and the University of Groningen, Netherlands to move beyond existing collaborations and formalize a new Double Doctorate (PhD) program, 7th October 2025, Main Building, Kampala Uganda, East Africa.
The meeting in session.

The path forward was clear: it was to complete the agreement template guided by the setup committee from both institutions. The plan culminated in scheduling an online follow-up meeting for Tuesday, November 11th, to review the first revision of the agreement, capping a highly constructive discussion that solidified the two universities’ shared future in graduate education.

The Team from Makerere University from Left to Right: Dr. Ruth Nsibirano, Dr. Racheal Nuwagaba, Dr. Patricia Ndugga, Dr. Stella Achen, Dr. Joseph Watuleke, and Ms. Agatha Ainemukama. Strategic meeting between Makerere University and the University of Groningen, Netherlands to move beyond existing collaborations and formalize a new Double Doctorate (PhD) program, 7th October 2025, Main Building, Kampala Uganda, East Africa.
The Team from Makerere University from Left to Right: Dr. Ruth Nsibirano, Dr. Racheal Nuwagaba, Dr. Patricia Ndugga, Dr. Stella Achen, Dr. Joseph Watuleke, and Ms. Agatha Ainemukama.

Makerere University was represented by Prof. Sarah Ssali, the Deputy Vice Chancellor in charge of Academics Affairs; Dr. Ruth Nsibirano, Head of the Department of Gender Studies; Dr. Patricia Ndugga, School of Statistics; Dr. Stella Achen and Dr. Joseph Watuleke, School of Distance and Lifelong Learning; Agatha Ainemukama, School of Engineering; Racheal Nuwagaba, School of Psychology; Awel Uwihanganye, Martine Rugamba, and Hawa Ndagire from the Advancement Office; and Muhammad Kiggundu from the Institute of Gender and Development Studies.

Prof. Sarah Ssali (R) presents a Mak Souvenir to Mrs. Alette Arendshorst. Strategic meeting between Makerere University and the University of Groningen, Netherlands to move beyond existing collaborations and formalize a new Double Doctorate (PhD) program, 7th October 2025, Main Building, Kampala Uganda, East Africa.
Prof. Sarah Ssali (R) presents a Makerere Souvenir to Mrs. Alette Arendshorst.

The University of Groningen was represented by Dr. Dinie Bouwman, Senior Policy Advisor, Internationalization and Quality Assurance; Dr. Anita Veltmaat, Faculty of Social Behavior and Social Sciences, Department of International Studies, involved in mentorship programs for women; and Dr. Alette Arendshorst, Faculty of Behavioral and Social Sciences, working on graduation/collaboration for students/staff.

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