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MCF First Cohort Graduates advised to be useful citizens

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On 20th January 2016, the MasterCard foundation at Makerere University organized a flourish party for the First Cohort Scholars who graduated during the 68th Makerere University graduation. The highly colorful ceremony was attended by parents/guardians, Mastercard Foundation Project Implementation Team, Makerere University Management among other invited guests to celebrate the academic achievement of the Scholars.
 
Clad in their official graduation gowns, Scholars were ushered in the Makerere University Main Hall amidst applause from the overwhelmed audience. The overjoyed students could not hide their happiness as the School of Performing Arts and Film was invited to entertain the guests.

The Senior Program Manager at Mastercard Foundation Ms. Ivy Mwai, Makerere University Vice Chancellor Prof Barnabas Nawangwe and  the Coordinator of the MCF program at Makerere University , Dr Florence Nakayiwa impressed by the students testimonies

28 first cohort Scholars graduated during the 68th Graduation Ceremony of Makerere University held from Tuesday 16th to Friday 19th January 2018 in the University’s Freedom Square. One of the Scholars, Claire Muga Akinyi graduated with a First Class Honours degree in Community Psychology.

Presiding over the Graduation Party held on Saturday 20th January 2018 in the University Main Hall, the Chairperson of Makerere University Council, Eng. Dr. Charles Wana-Etyem congratulated the 1st Cohort MCF Scholars upon this milestone, advised Scholars to be disciplined, focus on excelling in different aspects of life and be useful citizens to the country.
“I am pleased that the graduates have been transformed by the education received … you came here naïve, but listening to the testimonies from the MCF Graduates this afternoon, you are now confident and positive about the future,” he said. “I am pleased that the graduates used their opportunity well.”

Eng. Dr. Wana-Etyem exalted MCF for supporting the students and the University as well as the country. “The graduates are an asset to Uganda, while the money received from MCF is also used to support other students through another scholarship programme, so we are grateful for the effort.”

The Chairperson of Makerere University Council, Eng. Dr. Charles Wana-Etyem handing over a gift to one of the scholars that graduated.

He appealed to the parents to encourage their children to study hard. “If it was not for education you would not have met me,” he added.

The Vice Chancellor Prof Barnabas Nawangwe, challenged the graduates to be more determined to succeed. “You must consider yourselves privileged because you came from a less privileged background … 85% of the first cohort have graduated, including a first-class degree, which is a major success.”

In 2013, Makerere University partnered with Mastercard Foundation to offer scholarships to 1,000 academically bright but economically disadvantaged youth from Africa to study at Makerere University.
According to Prof. Nawangwe, the partnership owes a lot to its two main champions, who include the former chancellor, Prof. George Mondo Kagonyera and the former programme coordinator, Ms Catherine Kanabahita, who designed the base framework of the partnership.

Scholars clad in their official graduation gowns.

“It was Prof. Mondo Kagonyera, who was attending a conference in India, who made the first call and persuaded Mastercard to partner with Makerere University,” he said. “If he had returned to Kampala after the workshop, no one would have known about it.”

He also applauded Ms Kanabahita, who has since been succeeded, Dr Florence Nakayiwa.

The Vice Chancellor thanked the MCF Advisory Board, MCF Steering Committee, MCF Project Implementation Team and the Mentors for the selfless service rendered.

For his part, Prof Kagonyera explained why he made the call to persuade Mastercard. “I’m passionate about the education of under privileged students especially Ugandans … I urge you graduates to help the person next to you and … do the best with the knowledge you have got and if you can get more knowledge.”

Prof Kagonyera urged the Government to match MCF’s contribution with its own funds. “This will help reach out to more young people out there. If this money is invested in education, it will be put to better use.”

The former chancellor, Prof. George Mondo Kagonyera and the former programme coordinator, Ms Catherine Kanabahita, who designed the base framework of the partnership

Speaking on behalf of MCF, Senior Program Manager, Ivy Mwai, exhorted the graduates to give back to their communities. “Our hope is that the graduates will spur development in Africa. I urge you to prepare yourselves for the boisterous journey of life,” she said. “I urge you to encourage your peers to join the programme.”

The Chairperson of the MCF Steering Committee, Dr Ernest Okello-Ogwang also had a message for the graduates.

“Don’t think that you are too privileged to multiply your gifts – take your gifts to the community. This is the first cohort to graduate, and many more are scheduled to graduate in future.” He also commended MCF for its contribution and saluted Prof. Mondo Kagonyera for seizing the opportunity to bring MCF to Makerere University.

The Coordinator of the MCF partnership, Dr Florence Nakayiwa expressed optimism for the programme.

he former chancellor, Prof. George Mondo Kagonyera together with the the Chairperson of the Makerere University Council, Eng. Dr. Charles Wana-Etyem joined the students during the cake cutting.
“When you undertake a project, you don’t know how it will end but from seeing the fruits, we are already gratified by the success,” she said.

Speaking on their cohort’s behalf, Clare Mugga Akinyi, who obtained a first-class bachelors degree in Community Psychology, seemed to capture their mood.

“We are not average. We have to act exceptional as we are representatives of MCF and the great Makerere University,” she said, to loud cheers.
Mackline Banaga, who now holds an upper second class Bsc in Quantitative Economics, was chosen to speak for her female counterparts. “I thank God for this opportunity, because we were thousands of applicants and only 50 were selected. It is never too late to carry on the vision of the Mastercard foundation, not to forget who you are,” she said.

Speaking on behalf of the male MCF Graduates, Matia Mulumba, who holds an upper second class Bachelor of Agribusiness Management degree, said he was already giving back to his community in Kagadi.

Students, parents and invited guests were treated to a sumptuous dinner.
“I was chosen from among all the poor in Kagadi, and I have returned to work in Kagadi, where I’m already giving advice and support to the locals. I thank Mastercard for the opportunity accorded to me to touch and support others,” he said.

Speaking for all the parents, Jane Namazzi, a mother to one of the graduates, Christine Namagambo, praised MCF. “I thank God that my daughter did not disappoint and has graduated. Even when she was unwell, she was well taken care of, which was unexpected for a poor mother like me.”

On behalf of parents, Ms. Jane Namazzi, a mother to one of the graduates, Christine Namagambo, praised Mastercard Foundation for its generous support towards their children. be sides is the Makerere University Senior Public Relations Officer Ms. Ritah Namisango.

“I’m really amazed at the gift of education given to my daughter from a tiny village in Butambala … I pray for more blessings to Mastercard, who have supported us all this time.”

The colourful ceremony with befitting entertainment from students and staff of Performing Arts and Film climaxed with the cutting of the cake and a sumptuous dinner.

Article by: Mak News Team

 

 

Proscovia Nabatte

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MURBS has declared 13.40% interest on members’ balances for the financial year that ended on 30th June 2024.

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By: Ritah Namisango

Dr. Elizabeth Patricia Nansubuga, Chairperson of the Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees, announced this milestone during the 14th Annual General Meeting (AGM) for the year 2023/24 held on Thursday, 24th October 2024, at Makerere University Main Campus, School of Public Health Auditorium.

The AGM attracted various stakeholders, including trustees, Audit Committee Chairperson CPA David Ssenoga, Board Evaluation Consultant Vincent Kaheeru, URBRA Representative Mark Lotukei, Audit Committee members, co-opted members, and university administrators.

Presenting the performance report, on behalf of the Board of Trustees, Dr. Nansubuga highlighted that this is the highest interest declared by the scheme in the past five years, and she anticipates continued improvements. She noted that for the previous financial year, which ended in June 2023, the Board of Trustees declared an interest an interest of 12.34%.

Dr Nansubuga also announced that the scheme has achieved a Net Investment Income of UGX 44.6 billion, far higher than the UGX34.4 billion collected in Contributions during the year.

The Chairperson of the Board also revealed that the fund value had grown from UGX352.4 billion recorded at the end of the last financial year to UGX409.2 billion, indicating an increase of 16.1%.

“By 30th June 2023, MURBS had a fund value of UGX 352.4 billion. The Board of Trustees targeted Fund growth of 17%, and I am glad to inform you, that the fund value of MURBS, as per the Audited Financial Statements of 30th June 2024 is UGX 409.2 billion, which is an increase of 16.1%. This achievement was made possible by strategic periodical activities undertaken by the Board and our fund managers, supported by the strong oversight committees of the Board,” she reported.

Dr. Elizabeth Patricia Nansubuga(Centre) responding to questions from members.

She attributed the positive growth to factors such as improved debt recovery, operational efficiency, timely remittance of contributions by the sponsor (Makerere University), an increase in project and contract contributions, and the recovery of UGX8.85 billion in debts.

Dr. Nansubuga also expressed gratitude to Makerere University, the scheme’s sponsor, for consistently remitting contributions, a key factor that has significantly contributed to MURBS’ smooth operation. “I am happy to announce that the sponsor-Makerere University remitted your retirement benefits for the financial year 2023/24,” she said.

In the same development, Dr. Nansubuga reported that MURBS registered a legal victory against Uganda Revenue Authority (URA) over a real estate investment in Sonde undertaken in 2019, and which URA sought to tax heavily. She notified the AGM that MURBS won the case and was awarded costs which also set a precedent.

Consultant Mr. Vincent Kaheeru and CEO of Profiles International

“On behalf of the Board of Trustees, I am pleased to inform you that during the financial year, we received a favorable outcome on a key court case. How did we end up with this case? In 2019, MURBS invested in real estate, we bought land in Sonde,” Dr Nansubuga explained.

“Uganda Revenue Authority (URA) then charged us with a tax assessment worth UGX600 million. It has been four (4) years in the tax appeals tribunal. Since then, the lawyers, the former and current trustees, have been appearing before the appeals tribunal, but in December 2023, MURBS won the case. We challenged URA, and this case was awarded with costs. URA has to pay MURBS. We therefore saved UGX600 million,” she added.  

In terms of governance, Dr Nansubuga said that the scheme made changes in the board. Initially, the trustees were six and they needed a seventh member, and following a competitive race, they recruited another trustee; CPA Edina Rugumayo who has over thirty years in accounting.

Part of the MURBS members who physically attended the Annual General Meeting

“In terms of governance, we continue to uphold good governance practices and we align with international standards. Last year during the presentation, I said we were six and we needed to have the seventh trustee because the Board composition is supposed to be seven,” she explained.

“So, following a competitive process, we recruited an independent trustee. It was a very competitive position. You must have served on board which has over UGX50 billion. So, from that process, we were able to recruit CPA Edna Rugumayo Simbwa. She is a certified public accountant with over thirty years of experience in accounting, taxation, and corporate governance,” she mentioned.

She also thanked other stakeholders for making sure that MURBS activities run smoothly. These entities include Makerere University, KPMG, Gen Africa, Arcadia Advocates, Zamara, URBRA, and Stanbic Bank among others.

While discussing investments, Dr. Nansubuga mentioned that 86% of MURBS’ funds are currently invested in government bonds, but added that the Board is exploring diversification to reduce risks. 

“86% percent of our money is invested in government bonds, and sometimes, you do not have to put all your eggs in one basket, there is a high concentration of risk. so that is one of the key material risks that we want to address to reduce the amount we have in government securities. We want to diversify our portfolio and avoid investing heavily in government securities. The Board will venture into other fields in order to earn money or return on investment from the diverse undertakings,” she said.

Mr. Mark Lotukei, represented the CEO of Uganda Retirement Benefits Regulatory Authority

In terms of membership, Dr. Nansubuga reported a 4.4% increase, with the number of members rising from 8,229 to 8,590. She attributed this growth to the reinstatement of in-house beneficiaries and an increase in project and contract staff.

Dr. Kakuba also thanked the sponsor-Makerere University for remitting the membership contributions timely which has helped the scheme to grow.

Dr. Godwin Kakuba -Secretary, MURBS Board of Trustees, who presented the record of the 13th Annual General Meeting stressed that the AGM climaxes a financial year and the Board of Trustee has been vigilant on this and has not missed any AGM for 14 years now.

“We applaud the sponsor because many of these positives in the chairperson’s report can only be attributed to the support by the sponsor through fulfilling the obligation of remitting members’ contributions to the scheme,” he added.

Dr. Godwin Kakuba (L) and Asad Ssenoga

Partner Asad Ssenoga, an independent auditor who audited the scheme said that he was impressed with the level of compliance that the scheme exhibited in all aspects. He said they focused on ensuring that the member contributions are supported with statements and allocated to members appropriately.

“Overall we were satisfied with the work we did on the audit, the numbers that were presented by the Chairperson are the correct numbers that we audited. We were comfortable with those numbers, due process was followed during the audit,” he said.

Mr. Mark Lotukei who represented the CEO of Uganda Retirement Benefits Regulatory Authority (URBRA) thanked the Trustees for always prioritizing governance, which has helped them to reach several milestones.

Members of the MURBS Secretariat led by Ms Susan Khaitsa(Centre)

“As URBRA, we look at governance as the biggest component of our compliance. MURBS Trustees from the former to the current, have taken governance as the most important aspect. We really encourage them to continue with this good practice because governance informs all the other aspects,” he said.

Mr. Arthur Kibira, a member in attendance, expressed his appreciation for the Board’s efforts. He urged them to explore higher-risk investments for potentially greater returns. He expressed concern over the scheme’s heavy reliance on government bonds.

“Dr Elizabeth Nansubuga, I want to congratulate you, and your team and also congratulate ourselves. But, I want to believe that there is room for improvement. I am one of those who do not believe that the sky is the limit, we are limited by our own thinking. I am thinking that high risks give high returns. Is there a way of managing those risks, so that we could push this 13.40% interest to a figure much higher? If we do so, we shall say we have learnt how to manage risks,”, he guided.

Ritah Namisango

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Makerere University at the 2024 O.R. Tambo Africa Research Chairs Annual Gathering in Ouagadougou, Burkina Faso

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Uganda’s Chair elect, Prof. David Meya of Makerere University’s College of Health Sciences (extreme left) and other O.R. Tambo Africa Research Chairs

The Research Chairs concept is similar to Centers of Excellence (for instance in supporting world-class research in a priority area), but also has many distinguishing features. Most notably, it recognizes individual excellence, leadership and talent. The O.R. Tambo Africa Research Chairs Initiative (ORTARChI) builds on the work of Oliver Tambo, a prominent South African and pan-Africanist with a science education background, who believed in creating change through education and in cooperation and solidarity among African nations. The Initiative focuses on celebrating his legacy in building knowledge-based economies for the advancement of Africa.

ORTARChI builds on and leverages existing continental frameworks and interventions geared towards institutional capacity strengthening; recruitment and retention of excellent researchers; and incentives to support research that contributes to socio-economic and transformative development. 

Ten (10) O.R. Tambo Africa Research Chairs across seven (7) countries in Africa, namely; Botswana, Burkina Faso, Ghana, Mozambique, Tanzania, Uganda and Zambia have been selected for funding through a rigorous and competitive two-stage review process. These research chairs are focused on research priorities identified by each host institution in conjunction with, especially the Science Councils, and in alignment with AU Agenda 2063 and STISA 2024.

[L-R] Prof. Henry Alinaitwe (DVC F&A, Mak), Dr. Dorothy Ngila (Director, NRF), Ms. Natasha Allie (CEO Oliver and Adelaide Tambo Foundation), Dr. Martin Ongol (Ag. Executive Secretary, UNCST), Associate Professor David Meya (Uganda Chair Elect, ORTARChI) and Assoc. Prof. Robert Wamala (Director, DRGT)

Prof. Noble Banadda from the College of Agricultural and Environmental Sciences had been inaugurated as one of the first 10 (ten) Oliver Tambo (ORTARChi) Chairs. Unfortunately, Prof. Banadda (R.I.P) passed on in July 2021, which created a vacuum. To ensure that Uganda and Makerere University continue to tap into the ORTARChi, we are glad to announce the appointment of Associate Professor David Meya from the College of Health Sciences at Makerere University for the purpose. The appointment will attract USD 170,000 annually for 5 years for graduate research with a target of training 5-6 PhDs, 10-15 Post-doctoral fellows and 10-12 Masters of Medicine and Master of Science Students at Makerere University and Mbarara University of Science and Technology.

Makerere University has had the pleasure of attending 2024 O.R. Tambo Africa Research Chairs Annual Gathering in Ouagadougou, Burkina Faso. The annual gathering is co-hosted by the Joseph Ki-Zerbo University, National Research and Innovation Fund for Development (FONRID) and the National Research Foundation (NRF) of South Africa. The theme for this year’s gathering is: African Sovereignty: A Catalyst for Research Collaborations and Social Impact in the Continent“. At the annual gathering, Uganda was represented by Associate Prof. David Meya (Uganda Chair Elect, ORTARChI), Prof. Henry Alinaitwe (Deputy Vice Chancellor Finance and Administration, Mak), Associate Prof. Robert Wamala (Director, Research and Graduate Training) and Dr. Martin Ongol (Ag. Executive Secretary, UNCST). Assoc. Prof. David Meya – ORTARChI Chair Elect – is from Makerere University’s School of Medicine at the College of Health Sciences.  

[L_R] Prof. Henry Alinaitwe (DVC F&A, Makerere University), Dr. Dorothy Ngila (Director, NRF), and Assoc Prof. Robert Wamala (Director, Mak DRGT)

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CoBAMS Students Gain Hands-On Experience at Kingfisher Oil Field

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Students at Central Processing Facility, Kingfisher

Hoima and Kikuube Districts, Uganda – October 20, 2024

A group of third-year students from College of Business and Management Sciences’s Energy and Natural Resources Economics program visited the Kingfisher oil operations and Kabalega Airport in Hoima and Kikuube districts on October 20, 2024. Led by Dr. Peter Babyenda and Dr. John Sseruyange, and with authorization from the Petroleum Authority of Uganda, the visit offered the students an invaluable opportunity to connect classroom learning with field experience.

The primary objective of the field trip was to enhance students’ practical understanding of Uganda’s oil industry by observing the extraction and production processes firsthand. According to Dr. Babyenda, “Blending theory with real-world exposure is essential for these students, as it allows them to apply and expand their knowledge beyond the classroom.”

During the tour, students explored several key areas:

  1. Practical Exposure – Witnessing the operational procedures of oil extraction offered students a concrete understanding of how theoretical concepts play out in the field, enhancing their grasp of the industry.
  2. Economic Impact Analysis – Observing the economic role of oil production in Hoima and Kikuube allowed the students to explore its broader impact on local and global markets and its contributions to community development and Uganda’s economic landscape.
  3. Technical Knowledge – The students gained insights into the technical aspects of oil extraction, learning about the complexities of the operations, the innovations employed, and the challenges faced by the industry.
  4. Environmental and Social Considerations – Students observed the environmental practices in place and evaluated the social dynamics involved, gaining an understanding of how oil companies balance production with community and environmental sustainability.
  5. Career Insights – With opportunities to interact with professionals in the oil sector, students received guidance on potential career paths in the industry, helping them make informed decisions about their futures.
  6. Current Industry Issues – The group also delved into the status of the East African Crude Oil Pipeline (EACOP) project and discussed challenges in oil and natural gas production, examining where Uganda stands in terms of production timelines, obstacles, solutions, and the role they can play as future energy professionals.
Students at Luwero Industries Waste Treatment Plant

Reflecting on the trip, Dr. Sseruyange highlighted the importance of this experience in solidifying students’ understanding of Uganda’s evolving oil industry. “This field experience not only complements what they’ve learned in lectures but also equips them with a real sense of the operational and societal impact of the energy sector,”he noted.

The students expressed their gratitude for the immersive experience, noting how it broadened their perspectives and deepened their knowledge. The field trip served as an essential step in preparing them for careers within Uganda’s energy and natural resources sectors, bringing them closer to the industry’s forefront and the future of sustainable energy in the region.

Betty Kyakuwa
Betty Kyakuwa

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