General
MURBS Declares 34% Fund Value Growth at 7th AGM
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
General
Makerere University Launches First Writing Summer School to Strengthen Professional Writing Skills.
KAMPALA, UGANDA, EAST AFRICA.
On Monday 6th, Makerere University has officially launched its inaugural writing summer school, a week long professional development program aimed at equipping students, graduates, researchers and staff with practical writing skills required for academic excellence and success in today’s competitive job market. The program jointly organized by the Makerere University Writing Centre and Makerere University Press (MakPress), reflects the University’s commitment to nurturing graduates with not only academic knowledge but also the communication skills needed to thrive professionally.
Held virtually, the launch attracted more than 280 participants from Makerere University and other higher education institutions, demonstrating the growing demand for structured writing support beyond the classroom.
Building the Next Generation of Writers.
Speaking at the launch, the Director of Makerere Writing Press, Prof. William Tayeebwa, said the summer school represents an important investment in developing writers before their work reaches publication.
“The press has traditionally focused on publishing books, journals and scholarly work. Today, we are expanding that mission by helping and develop the writers who will produce tomorrow’s publication.
He noted that MakPress continues to support the publication of books and scholarly works produced by members of the Makerere Community. Using recently published books authored by a member of staff and a student as examples, he encouraged participants to submit manuscripts for publishing support rather than relying solely on self publication.
Writing as a Foundation for Academic and Professional Success.
Chairperson of the Makerere University Writing Centre, Prof. Frederick Muyodi, said the center was established to strengthen the writing competences among students, researchers and university staff.
” The Writers Center is here to support every stage of the writing process from CVs and application letters to research manuscripts, grant proposals, reports and responsible use of Artificial Intelligence in writing.”
He explained that the Centre supports writing across multiple disciplines and professional contexts, adding that its long term vision is to extend writing support beyond Makerere University to institutions across Uganda and the East African region.
Equipping Graduates for the Labour Market.
Officially launching the summer school, the First Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, described the initiative as a strategic investment in preparing graduates for an increasingly competitive labour market.
She observed that while universities successfully impart disciplinary knowledge, many graduates leave campus without the practical writing skills required to secure employment and other professional opportunities.
“We teach content very, but many students are never taught how to write an effective CV, application letter, motivation statement or scholarly essay. Yet these are the documents that often determine whether someone secures an opportunity.”
Prof. Ssali said the writing summer school would bridge the gap between classroom learning and professional practice by equipping participants with market ready communication skills.
Reaffirming her office’s commitment to the initiative, she added:
“My office is pleased to support this initiative as we institutionalize the Writing Summer School to ensure that Makerere graduates leave not only with degrees but also with practical competencies needed to thrive professionally,”
She officially declared the inaugural Writing Summer School open and expressed optimism that future editions would attract even more participants and resources.
Participants Gain Practical CV Writing Skills.
The first technical session was facilitated by Mr. Abdul Noor Luttamaguzi, a PhD student in the Department of Zoology, Entomology and Fisheries Sciences within the School of Bio sciences at Makerere University, a Senior Fisheries Officer with Luweero District Local Government, and the founder and director of the ANL Foundation, an organization that supports youth employment and capacity building.
During the session, he guided participants on developing competitive CVs tailored to specific professionals and employer expectations. He emphasized that applicants should customize their CVs to suit each opportunity instead of submitting the same document for every application. Participants also learned how effectively present their education, work experience, leadership roles technical competencies and professional achievements, while avoiding unnecessary personal information. Practical demonstrations using professional specific CVs provided participants with hands on examples of preparing competitive job application documents.
Looking Ahead.
The Writing Summer School continues throughout the week sessions on application letter writing, responsible use of artificial intelligence, professional communication and other essential writing skills aimed at improving academic productivity and employablity.
Through initiatives such as the Writing Summer School, Makerere University continues to strengthen its commitment to producing graduates who are not academically accomplished but also equipped with practical communication skills that enable them to compete and lead in today’s global workplace.
General
Makerere Launches Strategic Plan 2025-2030 to Drive Research, Innovation and National Development.
Kampala, Uganda East Africa.
Makerere University has officially launched its Strategic Plan 2025-2030, reaffirming its commitment to advancing research, innovation, academic excellence and human capital development in support of Uganda’s national transformation agenda.
The Strategic Plan, unveiled by the Minister of Finance, Planning and Economic Development, Hon. Henry Musasizi, provides a road map for strengthening the University’s contribution to Uganda’s Tenfold Growth Strategy through research, innovation, entrepreneurship and the production of highly skilled graduates.
The launch, held at the University’s Main Hall, brought together government officials, members of the University Council, management, development partners, staff and students to witness what leaders described as the beginning of Makerere University’s next phase of institutional transformation.
Positioning Makerere for National Transformation.
Delivering his remarks, Vice Chancellor Prof. Barnabas Nawangwe said the Strategic Plan reflects Makerere University’s ambition to become an even stronger research led institution that responds directly to Uganda’s development priorities.
He noted that the University intends to restore student enrollment to pre COVID levels while significantly increasing postgraduate training to produce more researchers, innovators and professionals capable of addressing national challenges.
Prof. Nawangwe also highlighted the University’s growing research portfolio, commending researchers and research centers that continue to attract substantial international funding.
“when you combine the grants won by all our researchers through competitive international funding, the total exceeds US$200 million,” He said.
The Vice Chancellor also pointed to the need to strengthen the University’s academic workforce, noting that although progress has been made, more investment is required to fill approved academic positions, particularly at professor and associate professor levels.
Strategic Plan Sets Ambitious Institutional Targets.
Chairperson of the University Council, Dr. Lorna Magara, described the Strategic Plan as more than an institutional document, calling it “a public covenant with the people of Uganda.”
She said the Plan outlines measurable commitments that will guide the University’s performance over the next five years, including expanding postgraduate enrolment, increasing STEM participation, improving doctoral completion rates and strengthening research productivity.
“Ambition is precisely what this moment demands. A strategic plan is not measured by the elegance of its language, but by the lives it transforms,” she said.
Dr. Magara emphasized that every investment in Makerere University should translate into tangible benefits for society through research, innovation, leadership and skilled graduates.
She also called for reforms to Uganda’s Universities and Other Tertiary Institutions Act to strengthen university governance and create an enabling environment for innovation and knowledge production.
Government Reaffirms Support.
Launching the Strategic Plan, Hon. Henry Musasizi commended Makerere University for aligning its institutional priorities with Uganda’s Vision 2040, the Fourth National Development Plan (NDP IV) and the country’s Tenfold Growth Strategy.
He observed that universities remain central actors in national development because they produce the knowledge, innovation and skilled workforce required to transform Uganda’s economy.
“Universities are central actors in national transformation. they are engines of knowledge creation, innovation and human capital development,” he said.
The Minister emphasized government’s commitment to supporting research, innovation and stronger collaboration between universities and industry to ensure that knowledge generated within higher education institutions contributes directly to economic growth.
Universities Critical to Uganda’s Tenfold Growth Strategy.
Presenting the national development perspective, Samuel Kasule, Senior Planner at the National Planning Authority, explained that the Strategic Plan aligns closely with the Uganda’s long term development framework.
He noted that achieving the country’s ambitious economic growth targets will depend heavily on universities producing competent graduates, expanding research and strengthening innovation ecosystems that support priority sectors including agriculture, tourism, ICT, minerals, manufacturing, and oil and gas.
Kasule further underscored the importance of competency based education and post graduate training in building the human capital required for sustainable national development.
A Shared Vision for the Future.
Throughout the launch, speakers emphasized that Makerere University’s future lies in becoming an increasingly research intensive, innovation driven institution that responds to national and global development challenges.
The Strategic Plan 2025-2030 outlines priorities that include strengthening research excellence, promoting innovation and commercialization, expanding digital transformation, enhancing partnerships with industry, and producing graduates equipped to drive socioeconomic transformation.
Its launch marks a renewed commitment by Makerere University to remain at the forefront of knowledge generation and to contribute meaningfully to Uganda’s long term development aspirations.
General
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