The Makerere University Retirement Benefits Scheme (MURBS) has declared a rate of 17% return to Makerere University Staff members which was above their target by three points. This was revealed during a press conference held on Tuesday, 16th October 2018 in the Quality Assurance Tele-presence Centre, Senate Building, Makerere University.
Between 1996 and June 2005, Makerere University operated a Deposit Administration Plan (DAP) with National Insurance Corporation (NIC) with the sole purpose of providing financial security to its staff after retirement. During that time it was discovered that benefits under DAP were not able to provide a decent life to members of staff upon retirement. MURBS was formally constituted and began operations in July 2010. Since inception, MURBS has been audited by leading Audit firms eight times, and is going to have its 8th Annual General Meeting (AGM) on Wednesday, 24th October 2018.
According to Mr. Wilber Grace Naigambi, the Chairperson MURBS Board of Trustees, during the financial year 2017/2018, the scheme paid out benefits amounting to UGX 3.79 billion to 99 existing members compared to UGX 3.22billion in the previous year.
“I am glad to report that during the financial year 2017/2018, we paid out benefits on average within six days. I note with much pleasure the significant progress made by MURBS in the various aspects of its governance and management,” said Mr. Naigambi.
He revealed that rating by the Uganda Retirement Benefits Regulatory Authority (URBRA) after a thorough evaluation indicated that the MURBS Board of Trustees is performing well. “URBRA rated MURBS as the 4th biggest scheme (in terms of assets) in Uganda after NSSF, Bank of Uganda and the Parliamentary Pension Scheme.”
The Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe said that Makerere University Management recognizes the importance of MURBS in the running of the University as it provides employees with an opportunity to assess their financial position in their working life.
“I am happy to learn that some of our staff currently have retirement benefits in excess of Uganda Shillings 200million. This has made the work of the University management easier,” said Prof. Nawangwe.
Prof. Nawangwe pledged that the University Management will continue working with MURBS to further consolidate all these achievements and reassure staff that Makerere University takes good care of its own upon retirement.
Eng. Dr. Charles Wana-Etyem, the Chairperson Makerere University Council said that Makerere University is building for a vibrant future retirement benefits sector through MURBS. He added that the 17% return MURBS has awarded to its members is going to translate into enhanced savings of Makerere University staff upon their retirement.
“Retiring staff now have a far higher financial security than it was previously. I wish to thank the University Management for nurturing this scheme and ensuring that monthly contributions are remitted promptly,” remarked Eng. Dr. Wana-Etyem.
The Secretary Board of Trustees, Dr. John Mulindwa Kitayimbwa, noted that all permanent staff are eligible members of the scheme, and MURBS has 15 policy documents that guide the flow of work, thus ensuring good governance. He revealed that the scheme is embarking on training Makerere University staff on how to appropriately use their retirement benefits.
MURBS is run as a fully transparent retirement benefits scheme that is fully compliant with all regulatory requirements. It intends to uphold this by laying a firm institutional foundation for its governance and management systems. In so doing, MURBS has raised the bar on transparency in Uganda’s retirement benefits sector.
Article by: Angom Pauline, Rachael Kanyi and Esther Joyce Nakibombo, Communication Volunteers-PR Office
Veteran Professor changed Makerere and Higher Education
When Professor John Ssebuwufu ambled up to receive a certificate of recognition for his ‘exceptional’ contribution to higher education from the Regional Universities Forum for Capacity Building in Agriculture (RUFORUM) at Makerere University (MU), he was thinking of many things, such as rewarding staff, that he could have done differently to impact university education more.
But he did what he could have done, under the circumstances.
He presided over MU (in 1993) when student enrolment was 5,000 and left in 2004 when the population was surging to more than 15,000.
He emphasised the use of information communication technologies in almost all the institutions he had been involved in and sent many academic staff on exchanges to boost research and innovation. Now, more African universities engage in ground-breaking research.
So, he proceeded to accept his recognition and make his acceptance speech, which was mostly about gratitude.
Ssebuwufu, 74, who is currently the chancellor at Kyambogo University and the vice-chancellor of the University of Kisubi, is credited for his exemplary leadership and pragmatic methods that have shaped higher education in Uganda and Africa as a whole.
Japan Africa Dream Scholarship (JADS) Program 2021/2022
The Japan Africa Dream Scholarship (JADS) Program is a capacity building project by the AfDB and Japan which was initiated in 2017 with the aim of providing two-year scholarship awards to highly achieving African graduate students to enable them to undergo post-graduate studies (i.e. a two-year Master’s degree program) in selected priority development areas on the continent and Japan. The overarching goal the AfDB and the Government of Japan seek to attain is to enhance skills and human resources development in Africa in under the Bank’s High 5s agenda (i.e. “Feed Africa”, “Light up Africa”, “Industrialize Africa”, “Integrate Africa” and “Improve the quality of life of the people of Africa”) and key Japanese development assistance initiatives. JADS core areas of study focus include energy, agriculture, health, environmental sustainability, and engineering. The program also seeks to promote inter-university collaboration and university-industry partnerships between Japan and Africa. Upon completion of their studies, the JADS scholars are expected to return to their home countries to apply and disseminate their newly acquired knowledge and skills in the public and private sectors, and contribute to national and continental socio-economic development.
About the JADS program
The JADS Program is open to applicants from AfDB member countries with relevant professional experience and a history of supporting their countries’ development efforts who are applying to a graduate degree program in energy development and related discipline. The program does not provide scholarships to any other graduate degree program.
The scholarship program provides tuition, a monthly living stipend, round-trip airfare, health insurance, and travel allowance.
Upon completion of their studies, the beneficiary scholars are expected to return to their home countries to apply and disseminate their newly acquired knowledge and skills, and contribute to the promotion of sustainable development of their countries.
Who is Eligible to Apply?
The program is open to those who have gained admission to an approved Masters degree course at a Japanese partner university. Candidates should be 35 years old or younger; in good health; with a Bachelor’s degree or its equivalent in the energy area or related area; and have a superior academic record. Upon completion of their study programs, scholars are expected to return to their home country to contribute to its economic and social development.
- Applicant requests for information and application forms and procedures from the chosen JADS partner university. For any inquiries, please contact JADS@AFDB.ORG
- Applicant completes required documents and sends them to the university.
- University evaluates and selects applicants.
- University sends selected candidates to the AfDB.
- AfDB reviews submissions from universities, prepares and approves the final list.
- AfDB contacts selected awardees, and informs the universities.
WHS Regional Meeting Africa 2021: Finance Chairperson’s Update
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