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
On the evening of Friday, 13th February 2026, the Scholars of Mastercard Foundation embraced the new semester with enthusiasm and celebration, showcasing their rich cultural diversity at the annual cultural dinner. This event not only fostered a sense of community but also highlighted the importance of cultural exchange and understanding among the scholars. The purpose of the cultural dinner is to foster unity in diversity within the Scholars community and to enable young people to appreciate and respect each other’s cultural differences.
The Mastercard Foundation Scholars community at Makerere University is a vibrant tapestry of countries, cultures, and backgrounds. In recognition of this richness, the Program team has proposed organising an annual cultural dinner to kick off each new semester. This event aims to achieve several important objectives:
- Promote mutual understanding and cross-cultural appreciation among Scholars.
- Celebrate and highlight the unique cultural identities within our community.
- Encourage confidence and creativity through a dynamic talent showcase.
- Foster a sense of unity and excitement as we embark on the new academic semester together.
During the event, the Scholars proudly showcased their diverse cultures through a vibrant display of traditional attire, engaging dances, delectable dishes, and meaningful expressions in their native languages. The event showcased a rich tapestry of cultures, including the Baganda from Central Uganda; the Banyankore, Bakiga, Batooro, and Banyoro from Western Uganda; the Acholi from the North; the Karamojong from the Northeast; and the Basoga and Bagisu from the Eastern region, among many other indigenous tribes in Uganda. Additionally, attendees enjoyed cultural performances from South Sudan, Rwanda, and the Democratic Republic of Congo, celebrating the unique heritage of each community.
The event also featured a vibrant showcase of cultural attire, accompanied by traditional songs and dances. Attendees enjoyed cultural dress modelling, engaging performances, art displays, and interactive quizzes, culminating in exciting prizes awarded to outstanding performers. This diverse array of activities contributed to a rich celebration of creativity and cultural exchange.
The Mastercard Foundation Scholars Program at Makerere University is committed to fostering holistic development, community building, and leadership among Scholars. At the start of each semester, the Program Team hosts a cultural dinner to reconnect the Scholars community, share key Program updates, and create an inclusive space to strengthen belonging and engagement. The cultural dinner is a critical platform for raising awareness of the need to appreciate and respect cultural diversity.
Bernard Buteera is the Principal Communications Officer for the Mastercard Foundation Scholars Program at Makerere University.
More Photos from the Dinner
The degree of attentiveness was at its peak in the Yusuf Lule Central Teaching Facility (CTF) Auditorium as Ms. Janet Nabukeera addressed support staff during a Safeguarding and Inclusion training. Her words were firm, direct and reflective. Ms. Nabukeera, the Deputy Human Resource Officer in charge of Performance and Payroll, emphasized that a negative attitude in the workplace creates a toxic environment where colleagues feel hesitant to collaborate or share ideas.
“Avoid unnecessary confrontations with colleagues because jealousy and anger destroy more than they build. When you hold grudges at work, you slowly burden your own heart and mind. Stress can take a toll on your health and productivity. Safeguard yourself by choosing peace, love yourself first and extend that same grace and respect to others.” Ms Nabukeera, cautioned.
The training attracted over 300 Support Staff Members, including Security Personnel, Cleaners, Hall Attendants, Administrative Assistants, Librarians, and Laboratory Support Teams from across the University.
In his remarks, Dr. Rodney Rugyema, the Acting Principal Warden, urged staff to have a positive attitude towards their jobs and encouraged them to ensure that students, fellow staff and visitor’s feel safe, respected and protected.
“You are the eyes and ears of the University, while you may not deliver lectures, you are often the first to notice when something is wrong. So you have to promote an environment free from bullying, discrimination, neglect and intimidation. You have to ensure secure hostels, well-lit walkways, functioning locks and safe laboratory environments,” Dr Rugyema, said.
Makerere University has a duty of care to do no harm and promote the wellbeing of all students, staff, and other University community stakeholders. It seeks to enhance the learning environment to make it more secure, inclusive, and ethically sound for all stakeholders.
The Makerere University Safeguarding Policy lays out the University’s framework for embedding viable safeguarding measures into its ethos and all institutional activities and processes to: Identify, detect, and swiftly act on safeguarding risks; prevent the occurrence of harm; provide mechanisms for reporting all allegations or incidents that have occurred; respond appropriately to all reported incidences; and, continuously monitor, evaluate and learn from practices and experiences of managing safeguarding concerns.
“Safeguarding is not only for lecturers or University Management, it is everyone’s responsibility, If you have someone mistreating you, or you come across any risk, do not suffer in silence report through the MakSafeSpace,” Dr Rugyema, said.
The MakSafeSpace is the e-reporting platform complimenting the other University traditional reporting channels. It is an inclusive platform that provides for confidential modes of reporting safeguarding risks and incidences.
As the session concluded, there was a renewed understanding among participants that safeguarding is a collective duty. From the security guard at the gate to the cleaner in the Hall of Residence, it was clear that every staff member contributes to creating a safe and respectful learning environment.
To involve and create opportunities for students and staff members with disabilities, Light for the World Uganda trained the support staff to become inclusion champions.
Mr. Musa Mwambu, the Disability Inclusion Advisor at Light for the World Uganda, called upon staff to remove barriers limiting the full participation of students and colleagues with disabilities, in line with the UN Convention on the Rights of Persons with Disabilities.
“Just like any other person, people with disabilities have the right to education, health, and protection. Society has the duty to remove barriers that block participation. When barriers are removed, disability no longer limits opportunity,” Mr. Mwambu noted.
Drawing from his own lived experience as a person with a disability, he shared how access to the right support systems enables him to communicate effectively and perform daily tasks.
“It is about putting the right conditions in place to participate fully in society. We need multi-stakeholder collaboration to remove barriers and achieve an inclusive society,” he said.
Justine Namuddu, the Support Staff representative on the Makerere University Council, thanked the organizers for the insightful workshop. She reminded fellow staff that Makerere University is a home for everyone and urged them to take care of it.
“Fellow members, as you carry out your duties, ensure that you observe both emotional and intellectual safety. Before sharing information, first verify whether it is true. Safety is being at peace with yourself and with others,” Namuddu emphasized.
She also encouraged younger staff members to take advantage of educational opportunities provided by the University, noting that those who wish to continue with their studies may apply for tuition waivers.
The training concluded with reminders on professionalism and accountability. Staff were encouraged to consistently use the Biometric Attendance Management System to capture attendance accurately. With biometric clock-in devices installed at reception areas across the Main and Satellite campuses, the Directorate of Human Resources can monitor attendance in real time, while staff can keep track of hours worked.
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