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Mak Unlocks its Financial Potential through Property Investment

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On 5th December 2017, hundreds of potential investors convened at Serena Hotel Kampala to participate in the Makerere University Property Investor Conference organized by the Makerere University Holdings Limited (Mak Holdings Limited).

Officially opened by the Chancellor Prof. Ezra Suruma represented by the Chairperson of Council Eng. Dr. Charles Wana Etyem, the conference attracted national, regional and international property development stakeholders including financiers, developers, advisors, fund managers, investment managers and introduced them to grand investment opportunities of more than 32 acres of Makerere University Prime land that awaits development. The prime land is located in three areas of Kampala that is the Main Campus, Kololo and Makindye; upscale of the Kampala suburb.

Chaired by Dr. Charles Mbire, the Mak Holdings Limited Board of Directors consists of the following members: Mr. Charles Ocici, Prof. William Bazeyo, Ms. Ruth Biyinzika Musoke, Mr. Dan Kasirye, Dr. Winifred Tarinyeba-Kiryabwire and Dr. Gorrettie Nsubuga Nabanoga.

L-R: Chair Council-Eng. Dr. Charles Wana-Etyem, DVCFA-Prof. William Bazeyo and Vice Chancellor-Prof. Barnabas Nawangwe share a light moment during the Investors Conference

Addressing investors at the conference, Dr. Charles Mbire said that Makerere University is looking for potential investors who have the key to unlock the University investments to enable the proposed projects to take off. “We are looking for bidders to bring forward innovative plans for financing and implementing the project, including investment of their own or in collaboration with others, to maximize the project benefits,” he said.

The projects are envisaged to diversify the university financial resources and transform the institution into a modern university of the 21st century.  The projects to be undertaken include;
Project 1: Conference Centre and 3-Star Hotel at the current Makerere University Guest House
Project 2: 5 Star Luxury Hotel, Commercial Centre and Upmarket Apartments – Kololo
Project 3: Gated Community and Upmarket Apartments – Makindye
Project 4: Student Accommodation at Makerere University Main Campus
Project 5: Student Centre at Makerere University Main Campus among others

Dr. Mbire remarked that the property development shall be undertaken by means of private sector participation and investment and Mak Holdings Limited is duly mandated and authorized to evaluate, procure and oversee the projects.  The envisaged project structure is for a development lease of 49 years with a lease premium and annual lease paid up by the project company.

L-R: Dr. Gorettie Nabanoga, Ms. Ruth Biyinzika Musoke, Mr. Cyriaco Kabagambe, Prof. Edward Kirumira, Eng. Christina Kakeeto, Mr. Frank Kitumba at the Investors Conference

The Project will be implemented as a developmental lease contractual arrangement wherein the private proponent will be required to design, construct and finance the project facilities and assume construction related risks arising from cost overruns, delays and other performance risks connected to construction.

“This is a Build, Operate and Transfer venture where after 49 years, all the developments on the land will be transferred to Makerere University.  The investors are expected to recover their capital investment on the land between 7-10 years and start enjoying the profits for the rest of the years,” he said.

In a speech read by the Chairperson of Makerere University Council, Eng. Charles Wana Etyem, the Makerere University Chancellor Prof. Ezra Suruma, commended the move by the University to diversify the resources through private-public investor partnerships.  

“At Makerere University, we are renowned for teaching; our academic skills and talent are commendable.   However, with this conference we want to chart out new territories that will ensure that the University which is at the forefront of Uganda’s Innovation can reach its full financial potential,” he said.  

Some of the Bidders and their representatives that attended the First Ever Makerere University Property Investor Conference, 5th December 2017, Kampala Serena Hotel

The Chancellor recognized the visionary leadership of Eng. Dr. Charles Wana Etyem during the process of resourcing finance for the University. He thanked Prof. Nawangwe and the Management team for setting a new precedent in the great history of Makerere University and the country at large. He thanked the Chair Board Mak Holdings Limited Dr. Mbire as well as the Planning and Development Department for the milestone and great contribution towards a successful investor’s conference.

Over the past few decades, Makerere University has been facing financial challenges amidst abundance of resources. According to the Vice Chancellor Prof. Barnabas Nawangwe, Makerere University has for so many years depended on Government and donor funding which is inadequate given the enormous resources required to implement University activities.

According to Prof. Nawangwe, there is a need for Makerere University to revamp its financial resources and ensure that the institution becomes financially sustainable if it is to transform into a modern university.

Makerere University is one of the best universities in Africa and world at large. We pride to be the top research institution in Africa, we are destined to be the prime movers of our country and our continent however, we can only do that when we are financially stable,” the Vice Chancellor said.

The Cake cutting ceremony at the Property Investor Conference was carried out by Prof. Barnabas Nawangwe, Hon. Irene Ovonji-Odida, Eng. Dr. Charles Wana-Etyem and Dr. Charles Mbire as L-R: Prof. William Bazeyo, Dr. Gorettie Nabanoga, Ms. Ruth Biyinzika Musoke, H.E. King Caesar Augustus Mulenga and Dr. Charles Ibingira witness during the Investors Conference

The Acting Deputy Vice Chancellor in charge of Finance and Administration, Prof. William Bazeyo welcomed the investors and assured them of the university support and necessary information they need during the process of securing investment bids and proposals.

“I would like to assure you that the project potential is big and we will do anything possible to make sure that you find minimum constraints in these projects.  As the Management we are ready to work with you, as we transform Makerere University and Uganda at large,” he said.

In a presentation, Judy Rugasira Kyanda, the Managing Director of Knight Frank-a leading independent real estate consultancy in Uganda, said there is potential for viable investment on all Makerere University land and properties.

Article By: Mak Public Relations Office

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UNMA Advisory on Agriculture and Food Security Jun-Aug 2021

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A male researcher inspects a maize cob in a demonstration plot on 13th August 2010 at the Makerere University Agricultural Research Institute Kabanyolo (MUARIK), Wakiso Uganda.

The Uganda National Meteorological Authority (UNMA) on 7th June 2021 released the seasonal rainfall outlook for the June-July-August (JJA) 2021 period. Contained in the outlook were advisories to various strategic sectors of the economy.

Particularly, the advisory to the Agriculture and Food Security sector was;

  • JJA season is often part of the normal dry season in the areas of South-western, western, parts of the eastern, and central Uganda. The farming communities in these areas are therefore advised to be vigilant during post-harvest handling by considering proper drying of the harvest on clean surfaces, use of tarpaulins and drying on racks;
  • Preparation of good storage facilities of produce to avoid compromising on quality and safety;
  • Channeling of the run-off water into the gardens in order to maximize on the soil moisture conservation;
  • For those areas where near normal to above normal rainfall is expected (most parts of northern and eastern Uganda), farmers are encouraged to continue with regular weeding, pest and disease surveillance and control;
  • Due to the expected enhanced rainfall in those areas, water logging and proliferation of fungal and bacterial crop diseases are likely to occur.
  • Open drainage channels around household and gardens to reduce risks from stagnant water causing damage to root tuber crops;
  • Flash floods and waterlogging are highly anticipated to occur in low lying areas expected to receive enhanced rainfall such as Katakwi and Kapelebyong. Therefore, communities are encouraged to keep watch over their crops, animals and property;
  • In Karamoja sub-region, where wetter conditions are expected, the pastoral communities are advised to diversify into boosting the production of cereals (sorghum, millet, and maize), beans, and ground nuts and sustain pasture availability for livestock.

Please see Downloads for the detailed outlook.

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4th Call For Applications: MURBS Departmental Ambassadors

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URBRA’s Mrs. Ritah Nansasi Wasswa (2nd L) assisted by Ag. University Secretary-Mr. Yusuf Kiranda (L) hands over a plaque of recognition to Outgoing Trustee-Ms. Dorothy Nannozi Kabanda (2nd R) as Incoming Trustee-Ms. Franco Angida Mugyema (R) applauds during the MURBS Board Handover on 26th March 2021.

In February 2018, the Makerere University Retirement Benefits Scheme (MURBS) launched the Departmental Ambassadors Programme. MURBS hopes to use this Ambassadors Programme to engage more directly with its membership and enhance member education. MURBS further perceives this Programme as a means to mitigate succession planning risks.

MURBS Fund Value continues to grow, and as at 31st March 2021, it stood at Ushs 235.5bn as compared to Ushs 209.6bn as at 30th June 2020. Given this growth, there is increased need for prospective Trustees, who are well equipped with relevant knowledge and skills, and with practical exposure to the management and governance of MURBS.

Eligibility

  1. Must be employed by the University on permanent terms
  2. Must be an Active Member of the Scheme (currently contributing to the Scheme) and appear on the Official Register of the MURBS Active Membership as at 30th April 2021.
  3. Must be willing to commit time to trainings and other ambassadorial activities organised by the Scheme.

Mode of training for 4th Cohort of Ambassadors

Training for this (4th) Cohort of Ambassadors is envisaged to be conducted over the zoom online platform only, due to Covid-19 restrictions. The Scheme does not envisage any face-to-face interactions.

Tenure of Office & Termination or Withdrawal

There is no tenure of office for the Departmental Ambassador. As long as a member is willing to continue serving as an Ambassador, and the Ambassador continues to satisfy the eligibility criteria above, she or he will remain a MURBS Ambassador.

How to Apply

Interested members should complete the MURBS Departmental Ambassador Application Form 01-0218. The completed Form together with the requested attachments should be sent to info[at]murbs.mak.ac.ug and copy to wilber.naigambi[at]mak.ac.ug no later than 5:00 p.m. on Monday, 14th June 2021. We discourage hand delivery of applications.

Confirmation/Approval Process

MURBS shall acknowledge receipt of each application received within 12 hours and will respond to the applicants to confirm the status of their application in writing (by e-mail). Upon approval of the application, the name of the approved Ambassador together with the Department and School/Unit will be updated on the list of the MURBS Departmental Ambassadors in the Group 4 category and published on the MURBS website.

NOTE: There is no limit as to the number of ambassadors that MURBS can have in a department.

Please see Downloads for the detailed call and application form.

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Chair Council Communication on Closure of Makerere University

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An older photo of the Main Building, Makerere University, Kampala Uganda as seen from across the Freedom Square. Date taken: 22nd October 2012.

7th June 2021

All Members of Staff
All Students and Stakeholders
Makerere University

RE: CLOSURE OF MAKERERE UNIVERSITY

Following the address to the Nation by H.E. Yoweri Kaguta Museveni, President of Uganda, on 6th June 2021, this is to inform you that the University will be closed with effect from today 7th June 2021 for 42days.

During the closure, the University shall observe a 30% physical presence of staff while other faculty and administrative staff shall continue to work online.

Management will inform staff and students on the implementation of teaching, learning, and research activities online. Construction activities shall continue as per the President’s directives and with strict adherence to the COVID-19 SOPs.

Yours sincerely,

Lorna Magara (Mrs.)
Chairperson, Makerere University Council

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