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MURBS Declares 34% Fund Value Growth at 7th AGM

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Financial forecasts at the 6th Makerere University Retirement Benefits Scheme (MURBS) Annual General Meeting (AGM) held in October 2016 were noncommittal especially in the wake of the February 2016 presidential election in Uganda and the then upcoming Kenyan General Election in August 2017. Trustees in their remarks then braced attendees for the worst performance, especially since the East African equity markets, which hold a substantial amount of the Scheme’s investments, are dominated by foreign players. These closely monitor the regional political climate and are known to withdraw their investments whenever any political event that will likely affect the markets looms. The situation was not helped by failing commercial banks in the region and conflict in South Sudan.

Fortunately, whereas the markets behaved as predicted, MURBS’ fund value grew by 34% from UGX 78.2billion as at 30th June 2016 to UGX 104.5billion as at 30th June 2017, thanks largely to retiree contributions and recovery of UGX 10billion as partial settlement of outstanding retirement benefits both from Makerere University.  Addressing Members at the 7th AGM, held on Thursday 26th October 2017, the Chairperson-elect, Board of Trustees Mr. Wilber Grace Naigambi also noted that the Scheme made net returns on investments worth UGX 12.5billion compared to UGX 3.5billion the previous year. “This performance was driven mainly by a positive performance in fixed income owing to high interest rates prevailing on government securities” explained the Chairperson. Government securities in the form of treasury bonds and bills account for approximately 72% of the Scheme’s total investments.

L-R: Dr. John Kitayimbwa, Mr. Wilber Naigambi, Mr. David Ssenoga, Mr. John Peter Okello and Mrs. Dorothy Kabanda at the 7th MURBS AGM

The Scheme’s membership also grew from 3,301 members the previous financial year to 3,763 members. The Chairperson in his remarks introduced the MURBS Departmental Ambassadors Programme, aimed at enhancing the Scheme’s governance by directly involving members who are trained and exposed to the operations of MURBS. “These volunteers will assist with clarifying informal queries from members at departmental level and they will form a team from which potential trustees can be identified and mentored” said Mr. Naigambi.

MURBS emerged winner of the Retirement Benefits Schemes category of the Financial Reporting (FiRe) Award 2016. At the 7th AGM, the Chairperson Mr. Naigambi presented the FiRe Award 2016 to members present. MURBS remains the top institution in this category thanks largely to the work by the Audit Committee headed by Mr. David Ssenoga. Mr. Ssenoga informed the AGM that a new format of the Auditor’s report has since been adopted and the Scheme reasonably complied with new financial reporting guidelines as issued by the Uganda Retirement Benefits Regulatory Authority (URBRA). He further noted that the Scheme duly complies with all Income Tax Requirements and reassured the AGM that MURBS maintains a meticulous track record of all owed to it by the sponsor Makerere University.

L-R: Former MURBS Chairperson-Hajati Fatumah Nakatudde, with retired Trustees Prof. Julius Zake and Mr. Bruce Twesigye at the 7th AGM

The 7th MURBS AGM held in the main hall was a well-attended affair with representation from both University Leadership and staff associations. The days emcee, Mr. Louis Kakinda often used the breaks in between sessions to introduce key members of the University leadership and staff associations. In attendance were; Mr. Bruce Kabaasa-The Chairperson Appointments Board, who represented Eng. Dr. Charles Wana-Etyem, the Chairperson University Council, Ag. Director of Human Resources-Mrs. Dorothy Senoga Zake, Deputy Dean of Students-Mr. Stephen Kateega, members of Council and staff.

Earlier, the Secretary to the Board of Trustees-Dr. John Kitayimbwa had introduced the new Trustees as appointed on 1st April 2017. These are; The Chairperson-Mr. Wilber Grace Naigambi, Mr. John Peter Okello and Mrs. Dorothy Nannozi Kabanda. In addition to Dr. Kitayimbwa who was reappointed as Secretary to the Board, Mr. William Ndoleriire also returned as one of five Trustees of the Board. Mr. David Ssenoga and Dr. Saul Hannington Nsubuga by virtue of their being Chairperson and Member of the Audit Committee respectively are in addition co-opted Members of the Board.

Prof. James Kigongo a retiree on contract makes his contribution during the 7th MURBS AGM

In his address to the AGM and in response to some of the questions raised by members especially regarding the safety of their investments in seemingly unpredictable equity markets, Dr. Kitayimbwa reassured the gathering that the Scheme’s fund managers; Sanlam Investments East Africa and GenAfrica Asset Managers, are some of the best in the region and keenly follow market trends to return the best value on investment.

“All investments made by the fund managers on behalf of MURBS are informed by an actuary’s inventory” said Dr. Kitayimbwa. “Our investments are also guided by an investment horizon; which in our case, based on the average age of our membership, is 15years. We have to ensure that whereas we seeking the best investments to grow the fund value, we maintain a certain level of liquidity to pay members who are eligible to leave the scheme” he further explained.

L-R: Principal Pensions Officer-Ms. Susan Khaitsa, Mr. Joseph Njuguna-Octagon, Mr. Wilson Kayindi-KPMG and other service providers listen to proceedings during the interactive session

Responding to members who also felt that it was unfair to struggle with constantly rising interest rates on loans taken from commercial banks and yet they could borrow against their benefits portfolio, Dr. Kitayimbwa shared that MURBS is regulated by URBRA which has strict conditions under which a member may access their benefits, the key being upon retirement. He however reassured the AGM that URBRA is fronting the Retirement Benefits Sector Liberalisation Bill, which will hopefully provide for more flexible ways of accessing benefits to support mortgages, foot treatment costs and other needs. He further restored confidence in the members that there benefits are protected by law and in the unforeseeable event that the Scheme’s bankers were to go under, the regulator would first and foremost ensure that retirement benefits are secured before any other depositors are considered for compensation.

To reiterate Dr. Kitayimbwa’s point, Prof. Jean Barya-MURBS’ Senior Legal Counsel advised Scheme members to take keen interest and actively participate in the debates around the Retirement Benefits Sector Liberalisation Bill and the National Health Insurance Scheme bill. “Education and Health are two of the largest expenditures that we incur in life. You therefore need to be interested in these bills because we shall all benefit if they are passed in a proper manner.”

A cross-section of MURBS service providers; Octagon, Sanlam, GenAfrica, Stanbic and KPMG, at the 7th AGM

In closing the 7th AGM, the Chairperson Mr. Naigambi thanked all members for sparing time to attend the event in large numbers and urged them to further study the report they had received as well as all information on the MURBS website. “I encourage you to embrace the idea of additional voluntary contributions (AVC) in addition to the 5% by Makerere to further boost your benefits at the time of retirement” he concluded.

Article by Public Relations Office

Mark Wamai

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MUST Benchmarks Makerere’s Grants Management System

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Seated L-R: Prof. Sylvia Nannyonga-Tamusuza, Mr. Simon Kizito, Prof. Barnabas Nawangwe, Prof. Pauline Byakika-Kibwika, Prof. Joseph Ngonzi, Prof. Robert Bitariho, and Ms. Robinah Nakakeeto with Makerere Management and the rest of the MUST delegation (Standing) on 23rd July 2026. Vice Chancellor, Prof. Barnabas Nawangwe and Members of Management host delegation from Mbarara University of Science and Technology (MUST) led by the Vice Chancellor Prof. Pauline Byakika-Kibwika to benchmark the Grants Management System, 23rd July 2026, Makerere University, Kampala Uganda, East Africa.

The Vice Chancellor, Prof. Barnabas Nawangwe and Members of Management on 23rd July 2026 hosted a delegation from Mbarara University of Science and Technology (MUST) led by the Vice Chancellor Prof. Pauline Byakika-Kibwika. The visit follows the formation of the Grants Office under the newly opened MUST Research Institute. This delegation was therefore keen to benchmark Makerere University’s Grants Administration and Management Support Unit (GAMSU)’s experience as the office responsible for managing all MUST’s research and innovation funding takes shape.

Welcoming the delegation, most of whom are alumni of Makerere University, the Vice Chancellor Prof. Barnabas Nawangwe commended MUST on strides made in human capacity development throughout the 37 years of existence, particularly in the health sciences.

Prof. Pauline Byakika-Kibwika signs the Visitors' Book during her courtesy call on Prof. Barnabas Nawangwe in his office. Vice Chancellor, Prof. Barnabas Nawangwe and Members of Management host delegation from Mbarara University of Science and Technology (MUST) led by the Vice Chancellor Prof. Pauline Byakika-Kibwika to benchmark the Grants Management System, 23rd July 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Pauline Byakika-Kibwika signs the Visitors’ Book during her courtesy call on Prof. Barnabas Nawangwe in his office.

“We have collaborated in various areas, particularly in medicine – I see many of our researchers publishing together, and we have joint programmes, especially in HIV/AIDS research” the Vice Chancellor remarked, before adding “Our collaboration in medicine is very strong, and it would be good to expand this collaboration to other disciplines.”

Prof. Nawangwe emphasized that although this was a benchmarking visit, the learning process is two-way and as such, the team from Makerere is equally keen to learn from their MUST counterparts. “As a slightly smaller university, you may have more time to reflect on issues than we do,” he explained.

Prof. Barnabas Nawangwe (L) presents the Makerere@100 Coffee Table Book to Prof. Pauline Byakikia-Kibwika (R). Vice Chancellor, Prof. Barnabas Nawangwe and Members of Management host delegation from Mbarara University of Science and Technology (MUST) led by the Vice Chancellor Prof. Pauline Byakika-Kibwika to benchmark the Grants Management System, 23rd July 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Barnabas Nawangwe (L) presents the Makerere@100 Coffee Table Book to Prof. Pauline Byakikia-Kibwika (R).

In her remarks, Prof. Byakika-Kibwika thanked the Vice Chancellor and University Management for accepting to host the benchmarking delegation, noting that it was a homecoming visit for her and several colleagues. She equally acknowledged that collaborations in Medicine take the lion’s share of existing work between two intuitions.

“Our largest faculty, formerly the Faculty of Medicine, has recently been renamed the Faculty of Health Sciences to better reflect its broader mandate. However, our other faculties include: Faculty of Science, Faculty of Business and Management Sciences, Faculty of Interdisciplinary Studies, Faculty of Computing and Informatics, and the Faculty of Applied Sciences and Technology (Engineering)” she explained.

Prof. Pauline Byakikia-Kibwika revels in the colours of her Alma mater. Vice Chancellor, Prof. Barnabas Nawangwe and Members of Management host delegation from Mbarara University of Science and Technology (MUST) led by the Vice Chancellor Prof. Pauline Byakika-Kibwika to benchmark the Grants Management System, 23rd July 2026, Makerere University, Kampala Uganda, East Africa.
Prof. Pauline Byakikia-Kibwika revels in the colours of her Alma mater.

She added that in 2026, MUST established the Faculty of Agriculture, Environment and Veterinary Sciences, and is restructuring the Faculty of Interdisciplinary Studies to strengthen its focus as a science and technology university. Away from academia, Prof. Byakika-Kibwika shared that MUST’s hitherto semi-autonomous research centres had been brought under the umbrella of a Research Institute, “to provide a coordinated framework for research.”

They include the Centre of: Pharmaceutical Biotechnology and Traditional Medicine; Innovation and Technology Transfer; Tropical Forest Conservation; Maternal, Newborn and Child Health; Entrepreneurship; and Public Policy and Economic Data.

Turning to the gist of the visit, Prof. Byakika-Kibwika noted that as MUST continues to restructure its units and grow it’s grants portfolio, tapping into Makerere University’s wealth of experience in attracting and managing funding from both the Government and development partners is inevitable.

The meeting in session. Vice Chancellor, Prof. Barnabas Nawangwe and Members of Management host delegation from Mbarara University of Science and Technology (MUST) led by the Vice Chancellor Prof. Pauline Byakika-Kibwika to benchmark the Grants Management System, 23rd July 2026, Makerere University, Kampala Uganda, East Africa.
The meeting in session.

Makerere, as the leading university in the country, continues to support other universities, and we would like to benefit from that experience,” Prof. Byakika-Kibwika remarked. “We hope to learn from both your achievements and your challenges so that we can improve our own systems” she concluded.

The meeting was attended by the Acting University Secretary-Mr. Simon Kizito, University Bursar-Mr. Evarist Bainomugisha, Director Research, Innovation and Partnerships-Prof. Robert Wamala, Director Research and Graduate Training-Prof. Julius Kikooma, Head GAMSU- Prof. Sylvia Antonia Nakimera Nannyonga-Tamusuza, Member of Makerere University Research and Innovations Fund (Mak-RIF) Coordinator-Dr. Roy William Mayega and Advancement Office’s Mr. Vincent Lubega Nsamba.

The MUST delegation included; Deputy Vice Chancellor (Academic Affairs)-Prof. Joseph Ngonzi, Deputy Vice Chancellor (Finance and Administration)-Prof. Robert Bitariho, University Secretary-Mr. Vincent Kansiime Kwatampora, and Chief Human Resources Officer-Mr. Prinari Behangana. Others included Finance Manager-CPA Annah Atuhaire, MUST Research Institute Chief Research Officer-Assoc. Prof. Angella Musiimenta, Principal Legal Officer-Mr. Timothy Mugumya, Deputy Secretary (Planning)-Ms. Robinah Nakakeeto and Dean Faculty of Business and Management Sciences-Dr. John Baguma Kule.

Mark Wamai

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Charting The Course for Tomorrow; Makerere University Unveils its Strategic Plan 2026-2030

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Makerere University launches the strategic plan 2025-2030 central(c)Hon. Henry Musasizi, left(L) Mrs. Lorna Magara, second right Guild President Makerere University, third right Prof. Barnabus Nawangwe.

By Murungi Gloria N.

Building a century of excellence, Makerere University Strategic Plan 2026-2030 lays a clear roadmap to strengthen research, innovation, transformative education as well as national and global development over the next five years.

Makerere University launches the strategic plan 2025-2030 central(c)Hon. Henry Musasizi, left(L) Mrs. Lorna Magara, second right Guild President Makerere University, third right Prof. Barnabus Nawangwe.

Makerere University launches the strategic plan 2025-2030 central (c) Hon. Henry Musasizi, left (L) Mrs. Lorna Magara, second right Guild President Makerere University, third right Prof. Barnabus Nawangwe

On Thursday 2nd July 2026, at Makerere Main Campus, the launching event gathered government leaders, development partners, university leaders and dignitaries such the Minister of Finance, Planning and Economic Development, representative of the Executive Director of the National Planning Authority as well as the University Vice Chancellor. Makerere launched its strategic plan under the theme; ‘Optimizing the University’s Research Potential for National and Global Transformation.’

Preparing the strategic plan

‘Preparing this plan has been a process,’ the Deputy Vice Chancellor Finance and Administration, Prof. Herny Alinaitwe said. He emphasized that the strategic plan was developed through careful consultation, review and participation rather than being created in isolation. The previous Makerere University plan used to have long term of 10years. However, around 2019-2020 the National Planning Authority advised to adjust to the five years of National Development Plan (NDP IV) ensuring that the University contributes directly to the country’s development.

Prof. Henry Alinaitwe

Accelerating to national transformation

The Makerere University Vice Chancellor, Prof. Barnabas Nawangwe, began his speech by reaffirming University’s long-term vision. ‘Our vision is to be an outstanding leader of knowledge generation for societal transformation and development.’ He added the Makerere’s mission is to provide transformative and innovative teaching, learning, research and service responsive to dynamic national and global needs.

He emphasised that the new strategic plan is designed to transform Makerere into a research-led University and for this to happen we need to have more than 419 professors and 473 associate professors. Currently the university has 73 professors and 144 associate professors.

Prof. Barnabas Nawangwe

We are not removing undergraduate programmes but we want to reduce them gradually and increase graduate numbers because those are the ones going to do the innovations and transform the economy,’ continued Prof. Nawangwe. He stressed the postgraduate students play a crucial role in research and innovation and increasing postgraduates from 10% to 16.1% enrolment is therefore central to achieving the University’s vison of becoming a leading research institution.

He said, ‘Makerere University continues to contribute its fair share to transforming human capital in the country and economic development.’ He thanked and encouraged the government and other partners to further increase the goodwill towards the institution.

‘Today marks not the end of the process but the beginning of an even greater responsibility it’s successful implementation,’ noted the Chairperson of Makerere University Council, Mrs. Lorna Magara. reminded stakeholders that the launch is only the first step and its success will depend on faithful implementation.

She highlighted the central roles of higher education, research and innovation in Uganda’s economic transformation. ‘Let us therefore move with courage, lead with integrity, purse excellence without compromise and together we will build a much stronger Makerere for a stronger Uganda.’

 Transformation objectives

Prof. Nawangwe and the chairperson University Council Mrs. Lorna presented possible targets in the strategic plan, among them increasing PhD student enrolment from 15% to 35%, registered patents from 15 to 45, commercialised innovations from 25 to 65, STEM enrolment from 32% to 55%, postgraduate enrolment from 3700 to 7000 by 2030 and raise graduate employability from 45% to 65%within six months of graduation.

Mrs. Lorna Magara

Government commitment to the strategic plan

Speaking as the Guest of Honor, Minister of Finance, Planning and Economic Development, Hon. Henry Musasizi launched the strategic plan 2025-2030 describing it as a timely and forward-looking roadmap that aligns with Uganda’s vision 2040, the Fourth National Development Plan (NDP IV), and the country’s Tenfold Growth Strategy.

Hon. Henry Musasizi

‘This Strategic plan comes at an important time as the country works to grow its economy from about USD50 billion to over USD500 billion by 2040.’

 The Chief Guest, Hon. Herny Musasizi noted that Uganda’s ambition to expand its economy from approximately USD50 billion to over USD500 billion by 2040 will require sustained investment in research, innovation, industrialisation and human capital development, with universities playing a central role in achieving these aspirations.

He reaffirmed government’s commitment to continue working with Makerere University to build a growing income, industrialised and knowledge driven economy while stressing accountability, innovation and the need to apply research in solving Uganda’s development hardships. He also commended Makerere for aligning its strategic priorities with national development goals, explaining that such alignment would facilitate government support and resource allocation through the national budgeting process.

Leading to national economic transformation through universities

Reflecting on the central role of higher education in Uganda’s economic transformation, Samuel Kasule, the Senior Planner for Education and Skills, National Planning Authority appreciated Makerere roles.

Samuel Kasule

‘At the cornerstone of increased labour productivity is the role of universities especially in supporting the high impact sectors identified in the tenfold growth strategy,’ Mr. Kasule remarked.

He elaborated that universities are expected to equip graduates with the knowledge, skills and competencies needed to drive innovation across sectors such as minerals, oil and gas, agro-industrialisation, tourism and agriculture. He also argued the by producing highly skilled human capital as well as fostering innovation institutions like Makerere University will play a pivotal role in increasing labour production and accelerate economic growth achieving Uganda’s ambition of becoming a USD500 billion from USD50 billion under the Tenfold Growth Strategy.

Conclusion

Guided by its strategies direction of excellence, accountability, professionalism, integrity and respect together with inclusivity, the University has reinforced its commitment to advancing quality education, research and innovation. The launch of strategic plan 2025-2030 reflects this commitment by positioning the University as a key partner in Uganda’s development and transformation, consistent with national priorities.

Gloria Murungi

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Gulu University Benchmarks Makerere University’s Management of Mature Age Entry Examinations

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Staff from the Office of the Academic Registrar with the delegation from Gulu University at the Senate Building on 21st July 2026.

By Ochwo Gerald

The Office of the Academic Registrar on Tuesday 21st July, 2026, hosted a delegation from Gulu University on a benchmarking visit aimed at learning from Makerere University‘s long-standing experience in the administration and management of Mature Age Entry Examinations.

The Gulu University delegation was led by Dr. Helen Christine Amongin and included: Dr. Simon Peter Alarakol, Deputy Dean, Faculty of Medicine; Dr. Emmanuel Okurut, Deputy Dean, Faculty of Law; and Mr. Paul Oboke, Principal Assistant Academic Registrar (Admissions).

The delegation was received on behalf of the Academic Registrar, Prof. Buyinza Mukadasi, by Mr. Thomas William Baguma, Principal Registrar and Personal Assistant to the Academic Registrar. Also present were Mr. Simon Musoke, Head of Mature Age Examinations; Mr. Ochwo Gerald, Liaison and Communications Officer; Ms. Ssozi Priscila, Ag. Head of the Transcripts Section; and Ms. Assumpta Tushabirane from the Ceremonies and Certificates Section.

The Mature Age Scheme promotes inclusivity by catering for candidates who can meet admission requirements but are not be eligible to apply under the Direct Entry Scheme. To be eligible for Makerere’s Mature Age Entry Examinations, candidates must be at least 25 years old before 1st August of the year the exam is offered. The Scheme is open to Ugandans, East Africans and International applicants.

A group photo with the delegation at the Senate Building entrance. Makerere University, Kampala Uganda, East Africa.
A group photo with the delegation at the Senate Building entrance.

The benchmarking meeting focused on strengthening the management of Mature Age Entry Examinations and admissions. The Gulu University team sought to understand how Makerere University attracts prospective Mature Age applicants, the programmes that consistently register the highest number of applicants, the administration and security of the examinations, quality assurance mechanisms, the criteria and process for equating international academic qualifications, and the timelines for processing and issuing Mature Age Entry certificates. The discussions also covered candidate registration, results management, admissions procedures, and the use of technology to support efficient service delivery.

Welcoming the delegation, the Makerere University team led by Mr. Simon Musoke, Head of Mature Age Examinations, shared experiences and best practices that have enabled the University to sustain a credible, transparent, and efficient Mature Age Entry Scheme over the years.

Speaking during the meeting, Dr. Helen Christine Amongin thanked the Office of the Academic Registrar for its warm reception and willingness to share its institutional experience.

“We are grateful to the Office of the Academic Registrar for accepting to host us and allowing us to benefit from Makerere University‘s long-standing experience in managing special examinations. Thank you for opening your doors to us. We are leaving with valuable lessons that will strengthen our own systems, and when we return, we hope it will be to share our progress.”

Responding on behalf of the Academic Registrar, Mr. Thomas William Baguma conveyed Prof. Buyinza Mukadasi’s apologies for not attending due to other official commitments. He thanked Gulu University for choosing Makerere University as its benchmarking partner, noting that such engagements create opportunities for mutual learning.

“Benchmarking is a two-way process. While one institution comes to learn, the host institution also gains fresh perspectives. These engagements challenge us to reflect on, validate and continuously improve our own processes.”

Mr. Baguma reiterated Makerere University‘s commitment to sharing knowledge and fostering collaboration among higher education institutions in pursuit of quality assurance and excellence in academic administration.

The visit concluded with a guided tour of the Office of the Academic Registrar, where the delegation interacted with staff from key sections responsible for Mature Age Examinations, admissions, transcripts, certificates and ceremonies, providing them with first-hand exposure to the University’s operational processes. Both institutions expressed their commitment to continued collaboration and knowledge sharing to strengthen academic administration and expand access to higher education through credible and efficient admission systems.

Ochwo Gerald is the Communications & Liaison Officer, Office of the Academic Registrar, Makerere University

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