The Katikkiro of Buganda Ow’ekitiibwa Charles Peter Mayiga has accepted the Makerere University Endowment Fund (MakEF)’s invitation to grace the 2018 edition of the Makerere University Run (MakRun) as Chief Runner.
“I was humbled to receive the letter signed by the Makerere University Endowment Fund Board Chairman, Dr. Martin Aliker, I appreciate the thought and I am very happy to accept this invitation. As an alumnus, I am very proud of Makerere University and this is a great opportunity to give back to my alma mater” said the Katikkiro to the delegation led by the Vice Chancellor Prof. Barnabas Nawangwe.
The MakRun now in its second edition is one of the strategies by MakEF to raise funds for the University, and the construction of a state-of-the-art Students Centre is the flagship project. As final preparations get underway for the 25th March 2018 run, Prof. Barnabas Nawangwe accompanied by the Principal, College of Education and External Studies (CEES) and Buganda Minister of Education and Sports-Prof. Fred Masagazi Masaazi, Director Planning and Development Department (PDD)-Dr. Florence Nakayiwa and Ms. Gloria Nakyeyune-PDD officially presented the Katikkiro with his MakRun kit on Monday, 5th March 2018 at his offices in Bulange, Mengo.
“Heading Makerere University is a prestigious position that comes with great responsibility, and I congratulate you upon being elected Vice Chancellor,” said the Katikkiro to Prof. Barnabas Nawangwe. “Despite all the challenges, Makerere is still the leading Higher Education Institution in the region and all the people I have talked to say that you are equal to the challenge. I have no doubt that you will overcome these challenges and take Makerere even greater heights” added Owek. Charles Peter Mayiga.
The Katikkiro further shared from his experience as a lawyer and employer that Makerere continues to produce graduates that have a sense of tradition, are unique and exhibit the quality demanded by the legal profession. “I commend the Management and staff upon setting the standard. Makerere has not lost its reputation as the top University and we must do all that we can to preserve its legacy and uphold its standards” said Owek. Charles Peter Mayiga.
In his remarks, Prof. Barnabas Nawangwe thanked the Katikkiro for receiving his delegation in a grand way. He acknowledged the rich history between Makerere and Buganda and appreciated the Kingdom for donating the land upon which the University is built. “Makerere still occupies some land under the Buganda Land Board’s jurisdiction and we sincerely thank you the Katikkiro for your support in ensuring that we have a cordial working relationship with the Board” said the Vice Chancellor.
Prof. Nawangwe shared that one of the Halls of Residence for gentlemen was named after former Buganda Katikkiro Martin Luther Nsibirwa in appreciation of Buganda Kingdom’s support to the University. The Vice Chancellor further said that as the home to top brains in the country, Makerere is willing to partner with Buganda Kingdom; with the endorsement of the Katikkiro, to support development projects aimed at improving the welfare of its subjects in Buganda and all residents of Uganda.
“Makerere University is one of the few leading institutions in the world that does not have its own Students Centre and Teaching Hospital. The purpose of our visit here today is to improve and increase collaboration between our two institutions and in particular ask you use all resources at your disposal to publicise the MakRun 2018 and raise funds for the Makerere University Endowment Fund” said Prof. Nawangwe.
After reviewing a brief video showcasing historical buildings such as the first Administration Block built in 1922 and innovations like the Kayoola electric bus, the Katikkiro thanked the Vice Chancellor and Makerere University for reaching out to him.
Commenting on the brief video, the Katikkiro said, “I saw an image of the first Main Building of 1922 and thought to myself, why not replicate this same design for the proposed Students Center? A careful observation shows that the Basilica of the Uganda Martyrs in Namugongo mimics the design of the Kasubi Tombs. The architect replicated the design of the traditional palace of that age. That’s the idea and as an architect, I think this would be a fantastic concept for the Students Centre,” enthused the Katikkiro to the Vice Chancellor.
Owek. Charles Peter Mayiga then vowed to mobilise his people, including his fitness partners and office staff come and join him at the MakRun 2018. “I am proud of Makerere University. My children have gone through the Hill; as we used to call it, and so have almost all Members of the Lukiiko who are degree holders. As one who spent some of my early years residing on campus with my late sister Theresa Nanziri, who was murdered by the Amin regime, and later as a Goat, resident at University Hall, we have to keep Makerere’s fire burning brightly,” he said.
The Katikkiro also took the opportunity to thank Prof. Fred Masagazi Masaazi for promoting and enriching the Luganda vocabulary, as well as Kingdom educational activities. He thanked the Makerere University Council and Office of the Vice Chancellor for contributing to the Buganda Kingdom treasury by purchasing certificates worth UGX1million and UGX500,000 respectively. He also thanked the delegation for presenting him with the Mak necktie, as well as an assortment of university branded souvenirs.
The 3rd Board of Trustees of the Makerere UniversityEndowment Fund (MakEF) has been officially inaugurated in a ceremony presided over by Mrs. Lorna Magara, Chairperson of the University Council on 23rd October 2025, and moderated by the Secretary to the Board, Mr. Emmanuel Kitamirike
In her address, Mrs. Magara commended the outgoing board, led by Dr. Margaret J. Kigozi, for their remarkable stewardship that saw the Fund grow from UGX 8.66 billion in 2021 to UGX 14.54 billion in 2025. She underscored the Endowment Fund’s vital role in ensuring the University’s financial sustainability amidst fluctuating public funding, reaffirming the Council’s commitment to providing policy and institutional support. Mrs. Magara further urged the incoming Board to uphold transparency, strengthen alumni engagement, and pursue innovative investment strategies to expand the Fund’s impact as Makerere continues to build for the future.
Mrs. Lorna Magara addresses the meeting.
Board composition
The newly inaugurated 3rd Board of Trustees (2025–2029) brings together a team of distinguished professionals whose expertise spans business, academia, finance, governance, and social advocacy. Notably, some members have been reappointed in recognition of their exceptional service and contribution to the Fund’s growth during the previous term. The Board is chaired by Dr. Margaret J. Kigozi, a seasoned business leader and former Executive Director of the Uganda Investment Authority (UIA). She is joined by accomplished members including Ms. Jennifer Mwijukye, CEO and founder of Unifreight Cargo Handling Limited; Mr. Ninsiima John Chris, Director of Programmes at NUDIPU and member of the Makerere University Council; Mr. Kenneth Mugambe, former Director of Budget at the Ministry of Finance; Prof. Buyinza Mukadasi, Makerere University’s Academic Registrar and Professor of Forestry Resource Economics; and Mr. Sam Ayesiga, a governance and investment expert with vast experience across Africa. Their diverse backgrounds and renewed commitment are expected to steer the Fund toward even greater stability, innovation, and impact in the years ahead.
Representing the Vice Chancellor, Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, commended the outgoing Board of Trustees of the Makerere University Endowment Fund for their exceptional service marked by growth, innovation, and accountability. She noted that the growth of the fund to UGX 14 billion is a clear testament to strategic vision, prudent management, and confidence in Makerere University’s long-term sustainability. Prof. Ssali praised the Board for initiatives that have united thousands of alumni, staff, and partners, notably through the Makerere Run, which has supported disability inclusion and empowerment.
The Acting Vice Chancellor Prof. Sarah Ssali.
She also recognized the introduction of the MakAdvance digital platform as a milestone in promoting efficiency and transparency. She welcomed the incoming Board, and challenged the new team to grow the Fund beyond UGX 25 billion through deeper engagement, innovative fundraising, and stronger partnerships. She reaffirmed Management’s commitment to supporting the Fund within robust governance frameworks that inspire stakeholder confidence, emphasizing the shared vision of building a financially resilient Makerere University.
During the handover ceremony, Dr. Margaret J. Kigozi, the Chairperson, reflected on the remarkable progress achieved under the 2021–2025 term, noting the Fund’s growth from UGX 8.66 billion to UGX 14.54 billion — a 68% increase despite global economic challenges. She highlighted key milestones including the institutionalization of the Makerere Run, establishment of the Makerere Gift and Souvenir Shop, launch of The Legacy e-newsletter, and the creation of the Jawaher Fund for the Advancement of Women’s Education, supported by NAMA Establishment in the UAE. Dr. Kigozi expressed gratitude to the outgoing Trustees and reaffirmed her commitment, alongside the new Board, to advance transformative projects such as the construction of the Makerere University Students’ Centre and development of the Makindye land. She emphasized that the Fund’s goal remains to build a financially sustainable Makerere University capable of supporting innovation, research, and academic excellence for generations to come.
Mrs. Lorna Magara (Right) with Dr. Margaret J. Kigozi and her award for her previous tenure as Chairperson.
At the inauguration, the Deputy Vice Chancellor in charge of Finance and Administration, Prof. Winston Tumps Ireeta underscored the Fund’s central role in ensuring Makerere’s financial sustainability and institutional legacy. He described the Endowment Fund as a cornerstone of the University’s vision—an instrument through which Makerere secures its future, strengthens its independence, and sustains strategic investments in teaching, research, and innovation. He extended heartfelt appreciation to the outgoing Board, chaired by Dr. Margaret J. Kigozi, for their dedicated service and strong leadership that fortified the Fund’s governance, fundraising, and asset management.
Welcoming the new Board, he congratulated the members on their appointment and urged them to continue expanding and mobilizing resources with integrity and innovation. He reaffirmed his office’s commitment to providing administrative and financial support to ensure that the Fund thrives beyond annual budgetary constraints, contributing meaningfully to Makerere’s vision of becoming a research-led, financially resilient, and globally respected institution.
The Makerere University Endowment Fund (MakEF) was established to secure the University’s financial sustainability by mobilizing, investing, and managing resources to support its core functions of teaching, research, and innovation. Originating from donations made as early as the 1930s, the Fund has evolved into a strategic vehicle that aims to reduce dependence on public funding. It is governed by a Board of Trustees appointed by the University Council, responsible for overseeing investments and resource mobilization. Through initiatives like alumni engagement, digital giving, and events such as the Makerere Run, the Fund continues to grow and strengthen Makerere’s vision of being a research-led and financially resilient institution.
The Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees on 23rd October 2025 during the 15th Annual General Meeting declared an interest on 13.56% on Members balances for the Financial Year 2024/2025. Held in the Main Hall for the first time since the Main Building’s reconstruction, the AGM was a chance for the Board of Trustees led by Dr. Michael Kizito to showcase the dedication, strategic initiatives and resilience that had enabled the fund to grow by 16.2% from UGX 409.2 billion as at 30th June 2024 to UGX 475.5 billion as at 30th June 2025.
MURBS asset classes and contributions
Some of these strategic initiatives included investing 86.4% of MURBS’ portfolio in long-term Ugandan Government Bonds. This decision was in line with the Uganda Retirement Benefits Regulatory Authority (URBRA)’s approved waiver, allowing investment of up to 90% in this asset class. Investments in other asset classes included Unit Trusts (10.3%), Real Estate (3.19%), as well as Equities and Fixed Deposits at 0.08% each.
Additional contributors to the fund growth included the remittances from the Sponsor, Makerere University, which grew by 6.4% from UGX 34.4 billion to UGX 36.6 billion. Of particular significance were remittances from staff on projects amounting to UGX 4.59 billion, attracting the Chairperson’s commendation.
“MURBS Trustees appreciate the Sponsor’s compliance and are grateful for the engagements so far to settle historical debts” enthused Dr. Kizito, before adding “We equally recognize Principal Investigators, Accountants and College Principals who remitted to MURBS retirement contributions for their staff on contract and under different projects.” Thirteen new projects were registered by MURBS during the last quarter of FY 2024/2025, bringing the total number of projects remitting staff benefits to the Scheme to 174.
The Vice Chancellor, Prof. Barnabas Nawangwe (Centre) with MURBS Trustees and Secretariat during their courtesy visit on 30th April 2025.
Membership and savings
As such, the number of MURBS Members actively contributing to the scheme grew from 3,137 last year to 3,368 as at 30th June 2025. Of these, the majority i.e. 1,648 (48.93%) had savings below UGX 50 million, followed by 524 (15.56%) with savings between UGX 500 and 550 million. The minority i.e. 1 (0.03%) member has the highest savings between UGX 650 and 700 million, followed by 2 (0.06%) with savings between UGX 600 and 650 million.
Retirement of staff is a normal practice and as such, MURBS paid benefits worth UGX 21.7 billion last financial year. As alarming as this figure was, the Chairperson reassured members that the rise in benefits paid is a normal trend “because it corresponds to rise in the value of individual holdings for members.
“Our retirement benefits packages now include partial withdrawals after retirement, annuity arrangement with reputable industry partners, and Mid-Term Access,” explained Dr. Kizito.
Milestones registered
MURBS registered a number of achievements during the last financial year in its bid to ensure transformative growth. These included completion of a benchmarking process that will see the procurement and introduction of a modern Management Information System (MIS) to strengthen operational efficiency. The Chairperson equally announced that the MURBS Mobile App had been developed and is ready for deployment. The App, he added, will “dramatically enhance the member experience by offering instant access to benefit calculators, account information, and real-time statements.”
Dr. Michael Kizito.
Other milestones highlighted by Dr. Kizito included the implementation of Document Management System (DMS) for efficient records management, and the acquisition of new office premises to accommodate the scheme’s growth and offer more member-focused services. On this note, the Chairperson appreciated the Makerere University Council and Management for their support in ensuring that MURBS continues to deliver “an enabling environment that promotes productivity, accessibility, and efficiency for both members and staff.”
Sector Regulator applauds MURBS Trustees
Speaking on behalf of URBRA, Mr. Mark Lotukei commended MURBS Trustees on leveraging sector rules to ensure that members receive the best return on investment for their benefits. “From this year’s presentation, your funds were invested more than 80% in government securities, which shows that your trustees were proactive enough to take advantage of shifts in the marketplace” he commended.
Mr. Lotukei urged MURBS members to use the platform provided by the AGM to not only question the Trustees decisions but also improve their own awareness of how scheme business is conducted. He equally encouraged members to make the most of the regular free online trainings provided by URBRA. “Those two hours could change a lot in terms of enabling you to plan better for your retirement”.
A pledge to continue delivering value
True to Mr. Lotukei’s encouragement, the AGM was concluded with a lively question and answer session, where members thoroughly probed the Trustees on various issues presented in the annual report. In addition to the Chairperson, other Trustees namely; the Board Secretary – CPA Francesca Angida Mugyema and Members – Mr. Joseph Ikarokok, Dr. Elizabeth Nansubuga, Mr. George Bamugemereire, and CPA Edna Rugumayo were on hand to provide responses, while Trustee Dr. Deus Kamunyu Muhwezi moderated the session.
The Principal Pension Officer (3rd Left) with Members of the Secretariat from Left to Right: Ms. Rebecca Nairuba, Ms. Juliet Nabukeera, Ms. Rhona Asingwiire, Ms. Doreen Namono, Ms. Julian Marembo, and Mr. Marvin Kakumba.
In addition to Trustees, the Board’s co-opted experts include; CPA David Ssenoga, Dr. Saul Nsubuga, Mr. Alan Lwetabe, and Mr. Paul Kuteesa. The Board of Trustees is supported in the daily running of Scheme business by the Secretariat that is made up of; Ms. Susan Khaitsa, Ms. Juliet Nabukeera, Ms. Julian Marembo, Mr. Marvin Kakumba, Ms. Rhonah Asingwiire, Ms. Rebecca Nairuba, and Ms. Doreen Namono.
In closing, the Chairperson reassured Members of the MURBS’ Trustees unwavering commitment to continue focusing on optimizing operations, enhancing revenue streams through alternative investments, and delivering value to stakeholders.
As part of her efforts to familiarize herself with the offices under her docket, the newly appointed First Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali, has embarked on a series of visits to different units that report to her office. One of these is the Makerere University Press (MakPress), which she visited today on 21st of October 2025, on a courtesy call. She was received by the Managing Editor for MakPress, Dr. William Tayeebwa, a Senior Lecturer in the Department of Journalism and Communication at the College of Humanities and Social Sciences. Previously, MakPress operated jointly with the Directorate of Graduate Training (DGT) and the Directorate of Research, Innovations and Partnerships (DRIP) before becoming a standalone entity. Accompanying Prof. Ssali on this visit were Prof. Julius Kikooma, the Director of DGT, and Mr. Mathias Ssemanda, the Acting Manager of the International Relations Office.
Prof. Sarah Ssali (2nd Right) flanked by Left-Right: Mr. Matthias Ssemanda, Prof. Julius Kikooma, Dr. William Tayeebwa and Ms. Eunice Rukundo signs the MakPress Visitors’ Book.
During her visit to MakPress, Prof. Sarah Ssali commended the Unit for its progress and partnerships while emphasizing the need to strengthen collaboration with key institutions such as the National Curriculum Development Centre (NCDC), the Ministry of Education and Sports, and other universities. She encouraged the Press to explore practical working models, including leveraging external expertise and streamlining its printing processes to enhance efficiency. Prof. Ssali also highlighted the importance of safeguarding intellectual property, ensuring fair contractual terms with partners, and maintaining transparency in publishing agreements. She advised that Makerere University Press should position itself strategically by producing high-quality academic materials that serve both national and international audiences. Additionally, she urged the team to adopt a more consistent publication schedule—launching books quarterly or biannually—and to organize events where authors can engage directly with readers, scholars, and policymakers. Prof. Ssali reaffirmed the administration’s support toward building a stronger, more vibrant university press that effectively contributes to research dissemination, academic dialogue, and national development.
Dr. William Tayeebwa (R) autographs a copy of the Centennial Publication “Makerere’s Century of Service to East Africa and Beyond” for Prof. Sarah Ssali (Right).
During the courtesy visit, Dr. William Tayeebwa highlighted the milestones and ongoing projects at the Press. He spoke about the growing partnerships with institutions such as the University of Chicago Press, the University of California Press, and the African Books Collective, which have enhanced both local and international visibility of Makerere’s publications. “Why make a university press when you have Makerere University Press”, Dr. Tayeebwa said urging public universities to utilize MakPress. Dr. Tayeebwa also shared that the Press has republished several titles, launched new book projects, and developed a digital platform that enables readers to access and purchase books online. However, he pointed out a number of challenges affecting the Press’s operations, including inadequate funding, limited printing capacity at the university printery, and delays that often affect the timely release of publications. He further noted the difficulty of accessing generated funds due to bureaucratic procedures, space and infrastructure limitations, and the continued confusion between the roles of the Press and the printery. Despite these challenges, Dr. Tayeebwa reaffirmed the commitment of his team to strengthen Makerere University Press as a central pillar in advancing research dissemination and academic publishing.
Dr. William Tayeebwa (3rd R) gestures during MakPress Staff interaction with the DVCAA.