General
MURBS Declares 34% Fund Value Growth at 7th AGM
Published
8 years agoon
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.
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.
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.
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.
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.”
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
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General
Makerere University Affirms E-Mobility Push with Fast-Charging Station Launch
Published
12 hours agoon
March 13, 2026By
Mak Editor
In a landmark event symbolizing Uganda’s stride towards sustainable transportation, Hon. Dr. Monica Musenero Masanza, Minister of Science, Technology, and Innovation, commissioned the first Electric Fast-Charging Station at Makerere University on Friday 13th March 2026. The ceremony, held at the Senate Building Parking Lot, marks a pivotal moment in the nation’s e-mobility journey, blending academic innovation with industrial application and governmental support.
The station, a DC Fast Charger C6-180 installed in collaboration with Kiira Motors Corporation (KMC), is designed to power electric vehicles efficiently, supporting Uganda’s shift from fossil fuels to renewable energy sources. This setup ensures high-power DC charging ideal for fleet operations.
Hon. Dr. Musenero, in her keynote remarks, highlighted the profound significance of the occasion, tracing its roots back to 2011 when Makerere unveiled the Kiira EV – Uganda’s first electric vehicle prototype. “This infrastructure is the physical manifestation of a journey that began on this very hill nearly two decades ago,” she stated, emphasizing how the university’s initial proof-of-concept challenged skepticism about Africa’s role in automotive technology.

The event, she noted, completes a narrative full circle, with the birthplace of the Kiira EV now hosting the infrastructure to sustain a modern electric fleet. The commissioning aligns seamlessly with Uganda’s National E-Mobility Strategy, which aims to localize 65% of the e-mobility value chain by 2040 and create over 500,000 high-quality green jobs.
Hon. Dr. Musenero underscored the strategy’s focus on reducing dependence on imported fossil fuels while enhancing environmental well-being. “We are transforming Uganda into a net source of e-mobility solutions,” she declared, pointing to the potential for Ugandan intellect to produce vehicle parts and charging systems domestically.
In his remarks at the event, the Vice Chancellor Prof. Barnabas Nawangwe described the launch as a “multi-faceted achievement,” not only advancing the institution’s inclusive agenda but also setting an example for public institutions in adopting e-mobility. In so doing, Makerere University has positioned itself at the forefront of this transition.
On September 26, 2025, President Yoweri Museveni commissioned the Kiira Vehicle Plant in Jinja and handed over three Kiira Motors Corporation (KMC) buses to Makerere University to enhance staff and student mobility. The fleet included two diesel-powered Kayoola Coaches and one electric Kayoola EVS 8.5m bus donated by KMC specifically to aid the movement of differently-abled staff and students. This move demonstrates academia’s capacity to integrate home-grown solutions into daily operations, impacting the economy through practical science.

The commissioning of the fast-charging station is rooted in a long history of collaboration. The Kiira Electric Vehicle Project, hatched in the former Faculty of Technology, has evolved into a national movement for automotive manufacturing. Hon. Dr. Musenero praised this progression: “We have moved beyond proving that an electric vehicle can be built in Uganda. We are now ensuring our electric vehicles are deployed across the continent, solving Africa’s mobility problems.”
Academia’s role remains central, as Hon. Dr. Musenero elaborated. While government provides policy frameworks and the private sector offers capital, universities supply the essential knowledge. The E-Mobility Skilling Programme at Makerere University‘s Innovation Pod (Mak-UniPod) is training the next generation of electric vehicle engineers, who are tackling “moonshot projects” to redefine urban transport. Research into optimizing local resources, such as Uganda’s lithium and cobalt deposits for battery production, is also underway.
A key environmental highlight of this development is Uganda’s renewable energy advantage. With over 95% of the national grid powered by hydroelectric dams, every charge at this station utilizes clean energy. “We are using our own water to power our own vehicles, keeping our wealth within our economy rather than exporting it to purchase foreign oil,” Hon. Dr. Musenero remarked, framing the launch as Uganda plugging into the global renewable shift. She pledged the Science, Technology, and Innovation (STI) Secretariat’s continued collaboration with Makerere University, KMC, and partners to proliferate such stations across Kampala and beyond.
Addressing Makerere students, Hon. Dr. Musenero issued a challenge: “See this charging station as a symbol of your own potential. The engineers who built the first Kiira EV were once sitting exactly where you are. They did not wait for permission to be great.” She urged them to leverage available resources to innovate, building on a legacy that has shifted national conversations.

The event drew distinguished guests, including Members of Management, Eng. Paul Isaac Musasizi, KMC’s CEO and his management team, private sector partners, development agencies, and university faculty.
Looking ahead, this launch propels Uganda towards a “Qualitative Leap” in its economy, as Hon. Dr. Musenero described. By fostering innovation and investing in young minds, the nation aims to lead in technological advancement. The station not only powers vehicles but ignites progress, ensuring Uganda remains at the forefront of Africa’s e-mobility revolution.
As the ceremony which was intermittently “blessed” by drizzles drew to a close, the feeling of hope for a cleaner, self-reliant future – one charged by Ugandan ingenuity, was unmistakable.
General
Makerere University and International Partners Sign MoU for the 9th Kampala Geopolitics Conference
Published
2 days agoon
March 12, 2026
Makerere University, on 10th March, 2026, signed a Memorandum of Understanding with the Embassy of France in Uganda, the Konrad Adenauer Foundation (KAS), and Alliance Française de Kampala to organize the 9th edition of the Kampala Geopolitics Conference (KGC), scheduled to take place on 15–16 April 2026 at Makerere University.
The signing formalizes the continued partnership that has established the Kampala Geopolitics Conference as one of the region’s leading platforms for dialogue on global affairs, bringing together scholars, policymakers, civil society leaders, and students to debate the major geopolitical and socio-economic transformations shaping the world.
The conference, inspired by the Nantes Geopolitics Conference in France, was first launched in Kampala in 2018 and has since grown into a unique intellectual space for cross-continental exchange between Africa and Europe.
A Platform for Ideas, Dialogue, and Youth Engagement
Speaking at the signing ceremony, Makerere University Vice Chancellor, Prof. Barnabas Nawangwe, emphasized the importance of the Kampala Geopolitics Conference as a platform that connects academic discourse with global policy conversations while empowering students to engage with the complex challenges shaping the international system.

The Vice Chancellor noted that hosting the conference reflects Makerere University’s long-standing commitment to fostering intellectual exchange and positioning the institution as a hub for regional and global dialogue.
“Makerere University is proud to host the Kampala Geopolitics Conference because it creates an important platform for debate and exchange on the global issues shaping our world, while giving our students the opportunity to engage directly with leading thinkers and policymakers,” said Prof. Nawangwe.
Prof. Nawangwe further commended the Embassy of France in Uganda, the Konrad Adenauer Foundation, and Alliance Française de Kampala for their continued collaboration with Makerere University in organizing the conference over the years. He expressed confidence that the 2026 edition will once again provide a dynamic platform for dialogue, bringing together scholars, policymakers, and students to examine the geopolitical trends shaping Africa and the wider world.
Speaking at the signing ceremony, H.E. Virginie Leroy, Ambassador of France to Uganda, highlighted the significance of the conference as a platform that encourages dialogue on global issues while empowering young people to participate in shaping the future.

Since its inception, the Kampala Geopolitics Conference has created opportunities for students, researchers, policymakers, and entrepreneurs to engage with some of the most pressing global debates. The Ambassador noted that the curiosity and engagement of Ugandan students have become one of the defining features of the conference.
“This conference has become a unique space where students, researchers, policymakers and civil society exchange ideas on the major transformations shaping our world,” Ambassador Leroy said, adding that the event demonstrates the intellectual vitality of Uganda’s youth and the strength of the partnerships that sustain it.
Strengthening Partnerships for Global Dialogue
The Konrad Adenauer Foundation, a long-standing partner in the initiative, reaffirmed its commitment to supporting platforms that foster meaningful discussions on international affairs and regional dynamics.
Speaking during the ceremony, Anna Reismann, Director of the Konrad Adenauer Foundation in Uganda, emphasized the importance of the conference in connecting local perspectives with global debates.

She noted that Africa has increasingly become a focal point in global geopolitics, attracting engagement from a wide range of international actors through investments, trade, security cooperation, and diplomatic partnerships. While these engagements create new opportunities for economic growth and technological advancement, they also raise important questions about sustainability, governance, and the terms of international cooperation.
According to Reismann, the conference provides an important forum to examine these issues and to encourage dialogue that bridges academic perspectives with practical policy considerations.
The 2026 edition of the Kampala Geopolitics Conference will focus on key global and regional issues shaping international relations and development.
Among the themes to be explored are the future of development cooperation, particularly as global aid dynamics evolve and countries explore more sustainable and balanced partnerships. Another panel will examine youth and public policy in Africa, recognizing the critical role that young people play in shaping governance, innovation, and development across the continent.
With Africa home to the youngest population in the world, discussions will highlight the importance of ensuring that young people are not only beneficiaries of public policies but also active contributors to their design and implementation.
Makerere University at the Centre of Global Conversations
Hosting the conference reflects Makerere University’s continued commitment to fostering intellectual exchange and positioning the institution as a hub for regional and international dialogue.
Through its partnerships with global institutions such as the Embassy of France, the Konrad Adenauer Foundation, and Alliance Française de Kampala, Makerere continues to create platforms that connect academic knowledge with policy discussions and real-world challenges.

The Kampala Geopolitics Conference is expected to once again bring together leading experts, scholars, and practitioners from across Africa and Europe, while providing students with a rare opportunity to engage directly with global debates.
As preparations for the 2026 edition gather momentum, the partners expressed confidence that the conference will continue to inspire critical thinking, encourage dialogue across disciplines and generations, and strengthen cooperation between Africa and its international partners.
Caroline Kainomugisha is the Communications Officer, Advancement Office, Makerere University.
Makerere University has kicked off the three-day Careers Fair 2026, bringing together students, industry leaders, and policymakers to discuss the future of work in the era of Artificial Intelligence (AI).
The first day of the expo, held under the theme “Man or Machine: Exploring AI’s Impact on Careers” and sponsored by the National Social Security Fund (NSSF), explored the impact of AI on industries and careers.
The annual expo offers career guidance, job opportunities, entrepreneurship training, and networking platforms for students. It builds on previous themes focused on employability, innovation, and adapting to rapidly changing work environments.
In her keynote address, Hon. Dr. Monica Musenero Masanza, Minister for Science, Technology and Innovation, stressed the need for Uganda to strategically position itself in the digital economy.

She noted that Africa missed the first and second industrial revolutions and warned that the current digital revolution could also bypass the continent if deliberate efforts are not made to participate in it.
“Africa was just here, minding her own business, hunting her animals, resting. A distant industrial revolution impacted us very negatively,” she said, referencing the slave trade and colonization that followed the first industrial revolution.
The minister emphasized that Uganda must focus on producing digital goods and services rather than merely consuming them.
“We are still down there, but we are facing up. We must give Uganda a clear chance at sustainable and progressive transformation,” she said.
She observed that Uganda’s digital economy is currently skewed toward consumption, resulting in significant financial outflows.

“Our net flow in this digital economy, including AI, is negative. We are losing money, jobs, and opportunities,” she added.
Musenero urged young people to move beyond simply using digital tools and instead focus on creating value.
“Mind or machine, it must give us a positive economic voice. Whichever one gives us that, we should go for it,” she said.
Speaking on behalf of the Vice Chancellor, Professor Moses Musinguzi, the Principal of the College of Engineering, Design, Art and Technology acknowledged the inevitability of Artificial Intelligence in modern society and urged stakeholders to focus on harnessing its potential.

“The general consensus worldwide is that we cannot condemn AI. Instead, we should see how we can make better and more productive use of it,” he said.
Musinguzi highlighted some of the challenges posed by AI in academia, noting that students can easily generate answers within minutes, potentially undermining the learning process.
“A student using AI can generate your answer in less than a minute. And that’s not what we want. We want to impart knowledge and skills to students,” he stressed.
He encouraged institutions to adopt AI responsibly while maintaining the core objective of producing skilled graduates.

“We are now trying to see better methods of using AI while still maintaining the objective of producing students who have the skills and knowledge to advance the world,” Musinguzi said.
He further noted that AI will inevitably affect traditional careers, making adaptation essential.
“If we don’t innovate, there is a threat that we shall be exterminated,” he warned, urging students to embrace innovation and contribute to Africa’s development.
Earlier, Lameck Kavuma from AI Studio Uganda explained the fundamentals of AI, describing it as a system built on pattern recognition and mathematical models that predict the next word or action.
“AI is all about pattern recognition,” he said, noting that the technology still has limitations, particularly when dealing with noise or changes in context.

Kavuma observed that AI has existed since the 1990s in forms such as spam filters and recommender systems. However, recent advances in generative AI now allow machines to process long texts and hold conversations, making it appear as though AI is crossing into traditionally human roles.
He emphasized that AI could level the playing field by increasing productivity and removing traditional barriers to access.
“AI is a leveler. It removes gatekeepers,” Kavuma said.
On his part, Gerald Paul Kasato, Deputy Managing Director of NSSF, stressed the importance of collaboration between humans and machines.
“The future is not about humans competing with machines. It is about humans learning how to work with machines,” he said.
Kasato noted that AI, automation, and digital technologies are rapidly reshaping the workplace and creating new opportunities.
“AI, automation, and digital technologies will transform industries, but they will also create new careers, new businesses, and new opportunities,” he said.

He urged students to equip themselves with the right skills, mindset, and adaptability to thrive in the evolving job market.
“The real challenge is ensuring that young people are equipped with the right skills, mindset, and adaptability to thrive in this new world,” Kasato emphasized.
Kasato revealed that NSSF continues to promote financial literacy among young people, with more than 130,000 students registered and over UGX 235 billion saved.
“The future belongs to those who are curious, adaptable, innovative, and willing to continuously learn,” he said.
Also speaking at the event, Michael Ssegwaya, Executive Director and Chief Financial Officer at ABSA Bank, emphasized the need to adapt to a rapidly changing world driven by AI.
“The world is changing, and the banking sector is also changing. We handle millions of transactions, many of which are processed through AI systems,” he said.
Ssegwaya encouraged students to use AI tools to enhance productivity while maintaining independent thinking.
“I told my daughter, you can use AI, but your answers should not look like they came directly from AI. I need you to think and think differently,” he said.
He also highlighted ABSA’s “Ready to Work” program, which aims to prepare students for the evolving job market.

Ssegwaya urged students to develop skills such as creativity, communication, and empathy, which are less likely to be replaced by machines.
“Critical thinking is going to be important. Creativity may not necessarily be replaced,” he said.
He challenged students to become job creators rather than job seekers.
“I hope you are going to the university to become a job creator and not just a job seeker,” he added.
Similarly, Charlotte Kukunda from ACCA highlighted the need for professionals to adapt to the rapidly evolving technological landscape.
“The pace of change in AI is phenomenal, and it is also scary,” she said.
Kukunda revealed that ACCA is reimagining its qualification structure to include employability modules such as entrepreneurship, digital technology, and innovation.

“We have included optional employability modules so that students can choose what makes sense for their career paths,” she explained.
ACCA’s revised qualification, set to launch in June and September 2027, will emphasize skills such as data analysis, financial investment, and sustainability reporting.
She encouraged students to embrace AI while strengthening human intelligence.
“Accountants are embracing artificial intelligence and exploring its potential while paying attention to the risks,” she said.
Meanwhile, Douglas Opio, Executive Director of the Federation of Uganda Employers, challenged students to consider becoming employers.
“We have an acute shortage of employers,” he said.
Opio emphasized the importance of strong theoretical foundations, describing theory as the basis for practical innovation.

“Theory is like the operating system of practice,” he noted.
He urged students to view skills as a renewable resource that can drive growth and innovation.
“AI must be part of the skill set that you actively look for,” he added.
The NSSF Career Expo, launched in 2010, aims to bridge the gap between education and employment by equipping students and graduates with the skills, knowledge, and networks needed to thrive in the modern workforce.
The event promotes a culture of saving, innovation, and entrepreneurship while bringing job opportunities closer to students.

Key features of the expo include career guidance and counseling, job opportunities, entrepreneurship training, mentorship, and networking platforms. This year’s expo is being held in 15 universities across Uganda, including Makerere University, Kyambogo University, and Uganda Martyrs University, Nkozi.
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