General
Meet Mak Professor with 10 Acres of Livestock Fodder for the December–February Dry Season
Can Agriculture Professionals roll up their sleeves and blunt the biting effect of drought, occasioned by climate change, on livestock production through research, innovations and entrepreneurship?
The situation
Seasonality of forage is one of the major challenges in meeting nutritional requirements of dairy, beef and dual-purpose cattle, goats, sheep, horses and donkeys in Eastern Africa. Feed scarcity for the livestock is occasioned by frequent and erratic droughts some of which are prolonged. To address this challenge, fodder production and conservation technologies such as hay, silage and haylage production technologies have been introduced and promoted as a potential strategy to addressing feed scarcity among farmers. These technologies are aimed at increasing livestock feed availability during the dry periods in addition to diversifying income through sale of hay bales and grass seed among communities. However, while previous studies have shown an increasing trend of acceptance and adoption of forage and its conservation as hay among farmers in Kenya, Tanzania, Ethiopia, Somalia and Djibouti, farmers in Uganda have not fully embraced the fodder conservation technologies. Failure by farmers to adopt scientific innovations to solve the real challenges of feed scarcity that face livestock farmers during prolonged drought makes us wonder why?
Why the Need for agricultural professors to roll up their sleeves?
Despite the known benefits of fodder conservation, which has been taught at Makerere University and other institutions of higher learning for over 50 years, there is scarcity of information on fodder value chain that is crucial in informing development and up scaling the technology of hay production as a business among the communities.
Prof. Kabi, an animal scientist from the College of Agricultural and Environmental Sciences (CAES), Makerere University has innovated an alternative way of taking the university lecture room to the communities. Prof. Fred Kabi has rolled up his sleeves and has dedicated his livestock science knowledge, skills and over 10 acres of land situated in Kapeka to production of Chloris gayana hay intercropped with Centrosema pubscens legume. This could also be a driver for aspiring farmers to open up and learn a new approach to growing pastures and its conservation as hay for livestock feed as a way of diversifying enterprises at the farm. He is optimistic that within four years , he should open up about 40 acres populated with Chloris gayana and Cencherus ciliaris grasses together with Desmodium and Stylosanthes guianensis legumes all of which are drought tolerant pastures. In his words, this action is intended to blunt the biting effect of drought among dairy and beef farmers most of whom lose revenue during prolonged droughts when the milk prices are very high yet milk production drops due to insufficient fodder availability.
Ecological green gold for job creation and sustainable employment
High demand for milk and meat consumption in urban and peri-urban areas irrespective of seasons will be the major market driver for feeding hay to livestock as an alternative to the green chop of elephant grass during the dry seasons in Uganda. While elephant grass can be a promising source of fodder due to its prolific growth during the rainy season, its growth is seriously curtailed during the dry season leading to fodder deficiency. Moreover, it is during the dry season when the prices of milk go very high. Since the crude protein content of Chloris Gayana grass is comparable to that of elephant grass (about 9 to 12 %), Prof. Kabi thinks production of Chloris Gayana grass and the drought-tolerant legume pastures conserved as hay and their seeds needs to be exploited as an enterprise to meet the growing needs of farmers. Uptake of hay and seed production by entrepreneurs with the necessary factors of production, knowledge and skills is one way of turning the challenge of erratic and prolonged droughts into an opportunity for job creation and employment especially for the youth and women.
Together with his graduate students, Prof. Kabi thinks innovation along the dairy and meat value chains can lead to cottage industries where pasture hay can be pulverized into small pieces and mixed with other ingredients such as maize, cotton seed cake and minerals as a total mixed ration. When bagged rather than baling, Prof. Kabi considers this as a practical application of innovative feed solution for not only peri-urban farmers but as a potential export to the region. This is where the University don is advocating for a deliberate effort and government policy to make sure that just like Tourism is advertised, a deliberate effort to create jobs for the youth can be made by advertising Uganda as a possible source of bagged hay as green gold. Production of hay for local, regional markets is one of those efforts that can meaningfully engage the youth in the dairy and beef value chains. For effective exploitation of pasture hay as green gold, there is need for deliberate effort to organize not only production but the market. It is the belief of the professor of animal nutrition that the future of the youth involvement in the dairy or beef value chain only belongs to the organized. But organization of the youth in any production enterprise along any given value chain will only be successful if such production is driven by the market incentives Kabi says.
Turning the challenge into an opportunity
The CAES Communication office followed up Professor Kabi to Kapeka to establish the motivation behind his involvement in pasture grass establishment for livestock among the communities. The Don says that after careful analysis of the beef and dairy value chains from the perspective of an animal nutritionist, he has established that there were so many people who want to do dairy or beef farming business but lack pasture feed resource for their animals. Moreover, the scarcity of pastures is more prominent among peri-urban farmers with a good market of their milk and beef but with limited land to produce fodder for livestock. So, he took on that challenge as an opportunity.
“Secondly, during prolonged dry seasons which are due to the challenge of climate variability, livestock farmers cannot sustain the same number of animals at the farm kept in the wet season due to limited access to feeds. Since the consumers’ demand for milk and meat has gone up yet the farmers who produce milk and meat for one reason or the other cannot adopt technology for producing feeds for the milking animals during the dry season, someone has to close the gap but at a cost.
Scientists who preach the science of fodder conservation and nutrition in lecture room can now innovate and participate in value addition to pastures to bridge the gap of limited milk and meat supply during the dry season. Producing hay in Kapeka is like constructing a lecture room among the communities. This was one of my incentives to go into pasture production for hay. This will not only demystify the science of fodder production and conservation but will also create jobs among the youth, help in diversification of income and help build market for the hay and seed”, Prof. Kabi explained.
The don cites the experience of farmers in Uganda who planted maize and had to sell it at a price of UGX200 a kilogram. But a kilogram of hay goes for UGX500-700 or a bale of 10 to 15 kg from UGX5,000-7,000 while a kilogram of Chloris Gayana seeds fetches up to UGX3,000-4,000 while that of green leaf desmodium can fetch up to UGX150,000. This puts a farmer’s land and knowledge to good use and contributes to the dairy and beef value chain.
Clad in his blue overalls, the Professor cuts the mature Chloris Gayana, pauses and says, “Here, we are with the question – Can agricultural sciences, innovations and entrepreneurship blended with policies be able to solve the challenge of youth unemployment?”
The answer according to the Professor can be yes or no.
Prof. Kabi observed that farming in Uganda has been mainly on a small-scale subsistence without organized markets and this can never appeal to the youth as a cool engagement. In the affirmative, however, once there is organized market, this will be the driver for accepting scientific innovations and a way of igniting entrepreneurial skills among the youth for as long as they can be able to earn from their engagement in agriculture.
However, Kabi explains that understanding the whole dairy or beef value chains at the local, regional or at international level is crucial for positioning agriculture as a source of employment to the youth. For instance, about 50 years ago, Africa commanded about 6% of the global trade volume. This has been declining over the years and right now, Africa transacts about 2.4% of the global trade volume. To be specific, the current trend now indicates that the volume of trade of Africa excluding South Africa, Egypt and Morocco i.e. Sub Saharan Africa is 1.7% of the entire global trade. According to the Professor, this creates a worrying challenge of unemployment because there is an imbalance of trade.
“So how can agricultural sciences, innovations and entrepreneurship be able to take us back into commercial trade and export that was enjoyed by Africa in the 1950s? This is where export drive livestock production is so crucial to the nation Uganda. Uganda needs to understand the dairy, and meat value chains so that we can be able to position ourselves to penetrate the international market. This can be through non-conventional agricultural produce such as hay and pasture seed production”, explained the Professor as he pointed at the garden.
Borrowing from the Ethiopian experience, Professor Kabi said, at the last quarter of the year 2018 there was a deliberate effort in Addis Ababa for the country to access regional markets in terms of hay. Demand for hay market could go as far as the Middle East as a result of climate change, a development that entrepreneurs were taking advantage of.
In the middle East, Kabi cited that the market is interested in live meat goats of a given conformation. Finishing such goats on processed hay seems like a plausible way of meeting standards for such external markets. Relatedly, in an international meeting organized by the International Livestock Research Institute (ILRI) under the auspices Food and Agricultural Organization (FAO) of the United Nations, the representatives of Intergovernmental Authority for Development (IGAD) opined that some countries can indirectly participate in the dairy and meat value chain by producing fodder that is required for the industry.
Prof. Kabi asserts that Uganda too, can have a cottage industry to process hay and make it ready for farmers who keep dairy and beef animals, spearheaded by professors who are the proponents of feed conservation but driven by the youth. The whole of Kampala for example has small holder farmers practicing zero grazing. The 10 acres of land under Chloris Gayana pasture production for hay is equivalent to 4 hectares. Each hectare can yield 25 to 35 tons of hay dry matter per year, which is estimated to annually feed 5-6 mature cows.
Kabi says, if we have several of such hay farmers organized into a cooperative, we can feed the dairy industry at a local level but with excess available for export to countries like Kenya which are yearning for feeding materials. But is there a deliberate effort by Uganda to organize both production and market of non-conventional produce so that people do not only look at growing priority crops such as maize but diversify to fodder as an alternative source of foreign exchange?” He asked.
Prof. Kabi notes that Uganda can be able to export hay to Kenya and middle east but this requires a deliberate effort to get both production and market organized. This he said is what happened when colonialists were able to organize markets for coffee, minerals and cotton.
“This explains why paradoxically the African share of the global trade almost a sixth of what it was 50 year back. The decline in the volume share of trade from Africa as a proportion of the global trade is certainly a reflection of the real poverty on the continent and together with unemployment for the youth”, He said.
The professor thinks that the only way to solve the challenge of imbalance of trade is to think beyond conventional trade especially of agricultural produce and to diversify it with alternative ecological exportable produce including processed hay for income and employment creation for the youth. Value addition through cottage industries where science, innovation and entrepreneurship is blended with deliberate policy of production driven by export trade is needed. Uganda can surely be marketed and known to be a hay basket for the whole region.
Prof. Kabi further notes that if a deliberate effort is not taken to create the markets for unconventional products, then the country can never have its agriculture produce access regional and international markets. However, he emphasized the need to export produce in a sustainable way, where sustainability means making use of low input natural resources like the Chloris Gayana intercropped with Centrosema as a legume that is naturally occuring but with value addition to be competitive in the market. This can be the basis for inspiring the youth to get involved in agriculture.
Nutritional value of Chloris Gayana
The high yield of Chloris Gayana of 25 to 35 tons per ha per year coupled with its high crude protein content of between 9-12% is comparable to that of 10 to 50 tons of elephant grass with crude protein content of 10 to 13 %. The most important point is that Chloris Gayana can withstand dry conditions making it the right crop in the face of climate change. It simply rejuvenates after cutting unlike elephant grass which is only prolific in growth during the rainy season. Besides, Chloris Gayana can be intercropped with legumes such as centrosema , desmodium (both green and silver leaf), siratro (Bishops purple), stylosanthes and glycine.
Farm management practices
The seedbed for Chloris has to be a fine tilled just as is the case for millet, because the seeds of the pasture are quite small. After seedbed preparation, you have to ensure that you plant at the onset of the rains in the same planting season of maize. Furrows are dug either manually or mechanically. Chloris Gayana is planted in rows like maize at spacing of 2ft from one row to another to allow ease of weeding because while young it can easily succumb to weeds. The seeds are mixed with sand, black soil or preferably composted cattle manure and broadcast within the dug furrows. A thin layer of soil is used to cover the seeds so that they do not fail to emerge and to protect them from being systematically eaten up by birds. After some 7 to 14 days, the seed will germinate. However, if it is dry, it may fail to germinate. If the germination percentage of the seed is 50% and above, the seed bed should be entirely covered by three months. If the germination percentage is below 50%, allow the seeds to shutter in the garden. With proper weeding and rains, the next ratoon will be ready for seed harvesting after 30 to 50 days. After harvesting you weed and manure the grass to that it can maintain the growth vigor.
Unlike the Chloris gayana seed which has to be harvested as soon as it is ready to avoid shuttering and its destruction especially by the birds, hay should preferably be harvested at dough stage when half way the garden is flowered. However, the harvesting should coincide with the onset of the dry season to avoid moulding. The cut grass should be raked to enable thorough drying to only 15 % moisture content like maize grain. The dried hay should then be baled using either tractor driven hay balers or hand-operated hay baler boxes. Baled hay should then be kept in a cool and dry shelter that is water proof preferably raised on pallets or in a crib like maize. Failure to adhere to these conditions will lead to moulding.
Challenges of farming Chloris Gayana
Growing the fodder on ten acres requires machinery including a tractor and accessories such as a reciprocating mower, a rake, a tractor-operated baler and a drying shed for green curing so that customers end up with green rather than golden hay color before its storage. This is crucial in conserving the beta carotene or the precursor for vitamin A necessary for the yellowish creamy color of milk.
The other major challenge challenge is labor. Youth do not think hay is a lucrative business to be engaged in. However, professor Kabi thinks if organized and turned into an enterprise, the youth will realize hay production is green gold that is worth getting engaged in especially if the market is streamlined. This is the reason why the professors should roll up their sleeves, get their hands dirty as role models for the youth and attempt to turn the challenge of prolonged drought occasioned to livestock by climate change into an opportunity.
Report compiled by;
Jane Anyango,
Principal Communication Officer, CAES
By Mak Communication Team
The Vice Chancellor, Prof. Barnabas Nawangwe, while speaking at the inaugural commemoration of the International Day for Persons with Disabilities at Makerere University has appealed to the Government to increase the number of students with disabilities on government sponsorship.
The event held on Wednesday, 13th November 2024 was organised by the Office of the Dean of Students and the 90th Students’ Guild-Ministry of Students with Disabilities and held in the Yusuf Lule Central Teaching Facility Auditorium.
The day’s theme was: “Empowering Inclusion: Breaking Barriers, Unlocking Potential”
“Students with disabilities should be the first to be admitted on Government sponsorship because there are not so many,” Prof. Nawangwe said.
Prof. Nawangwe called upon the government to devise a scheme and policy for integrating students with disabilities into the working environment after graduation.
Prof. Nawangwe noted that the University has established a Disability Support Centre, a one-stop facility to ensure equal access to education and life, promote inclusivity, and support students and staff with disabilities.
“Over the years, Makerere University has branded itself as a place that actively and loudly promotes increased awareness about the rights and needs of students and staff with disabilities.” Prof. Nawangwe remarked.
While addressing the gathering, the Chief Guest, Hon. Hellen Grace Asamo, the State minister for Disability Affairs, called upon Persons with Disabilities to always believe in themselves and be able to break the barriers of the inferiority complex.
“You have to show people that you have the potential, and when people get to know your potential, they will begin to include and engage you. But if you do not have your potential, nobody will include you. They will think you are just someone who is just there seated and begging,” Hon. Asamo noted.
In her welcome remarks, Dr. Winifred Kabumbuli, the Dean of Students at Makerere University, said that the University is making a deliberate effort to pay particular attention to the decisive implementation of inclusive Policies and Practices.
“This is where we want all people to thrive and grow. Therefore, we are proud to accept and celebrate our differences and uniqueness. We welcome you here to build a culture of active support for each other and to declare that by championing a conducive environment for students and staff with disability, we are part of the change-makers of today,” Dr Kabumbuli said.
Dr. Kabumbuli also highlighted several policies the University has implemented, such as the Policy for Persons with Disabilities and safeguarding, Accommodation policy, University rules and regulations, the Human resource manual, and the student guild constitution that provides inclusive participation in student leadership and admission policies.
“These policies protect and enhance the rights of both staff and students with disabilities. For example, we have a student guild minister for persons with disabilities to ensure their voices are heard,” Dr. Kabumbuli noted.
Makerere has directed attention to ensuring accessible and comfortable accommodations for students with Disabilities by having designated accessible hostels and rooms. The University provides salaries, lodging, and meals for helpers who assist students with disabilities. A concentrated effort is also being made to build ramps, elevators, and accessible pathways to facilitate navigation for students and staff.
According to Dr Kabumbuli, the University has embraced a drive to facilitate students’ access to assistive devices, including wheelchairs, white canes, brailling machines, hearing aids, etc.
“As part of our commitment to inclusivity and accessibility, the University has designated a specialized space within the library, equipped with assistive technologies and resources, specifically for students with disabilities to ensure equal access to knowledge and academic success for all. We have also put in place special arrangements, such as extra time during examinations to enable access to education,” Dr Kabumbuli said.
Dr. Kabumbuli acknowledged the support from the Mastercard Foundation Scholars Program, the Ministry of Gender, and the School of Law, which are committed to championing diversity, inclusion, and equity for People with Disabilities.
The International Day of Persons with Disabilities is celebrated annually on December 3rd to raise awareness and support for people with disabilities worldwide.
The 3rd annual Fundis and Technicians sensitization event and exhibition by manufacturers of building materials organized by the Department Architecture and Physical Planning at the College of Engineering, Design, Art and Technology (CEDAT), Makerere University came to a close with a call for increased partnerships between training institutions and the community.
The event that attracted 200 participants including masons, fundis, painters, builders, metal and electrical fabricators ran from Thursday 24th to Friday 25th October 2024 at CEDAT. It was supported by several stakeholders and was characterized by training sessions and an exhibition of building materials by different companies that make cement, paint, water tanks tiles and many more.
Prof. Henry Alinaitwe, the Deputy Vice Chancellor in charge of Finance and Administration represented the Vice Chancellor, Prof. Barnabas Nawangwe at the opening of the training. In his remarks, he extended appreciation to the technicians for accepting to take part in the training which he said was key in ensuring that they gain from continuous learning. Prof. Alinaitwe observed that although some of them did not get through formal training, it was important that they took part in such training programs to keep abreast of the developments in the construction industry where they undertake the bulk of the work as masons, technicians, plumbers, and metal fabricators.
‘Keep improving, we need to up our game in terms of quality’, he said while making reference to the need for quality output. He cautioned them on issues of cost and cheating of their clients by making realistic costs. ‘We need to cost the work well taking into account the materials, the labor, the equipment used, and the overheads’. The other area that needed to be taken care of by the technicians included time management, which reflects on attitudes towards work, team work. While addressing the gathering in his capacity as Chairman of the Engineers Registration Board, Prof. Alinaitwe said the upcoming engineering Registration Bill, if approved, has a provision for the registration of all artisans and hence the need to have the minimum requirements for the stakeholders to be registered. He also stressed the need to bring on board as more women as possible. ‘We want to see more women, who can do some aspects in construction better than men like painting.
Prof. Moses Musinguzi, the Principal of the College of Engineering, Design, Art and Technology while welcoming the trainees to the college said the training is a good initiative that will help address challenge of skill and work match. He encouraged the trainees to do smart work, and take due consideration of ethics and customer care. He encouraged the department to extend the training opportunity to other units of the college and the university and also make it more formal, as part and parcel of the training program of the college in liaison with bodies like UBTEB.
Assoc. Prof. Kizito Maria Kasule, the Deputy Principal CEDAT while appreciating the initiative of the department said countries like Germany have apprenticeship training that help the training of students to gain skills equivalent to those acquired while in formal institutions of learning. He said the academia in Uganda is increasingly recognizing the importance of the informal sector in the growth of the country. ‘We need to learn from you. Almost 90% of the people in the construction industry have been informally trained’. He said by learning from each other, the two sectors jointly make a contribution towards the development of the country.
Dr. Amin Tamale Kiggundu, the head of the Department of Architecture and Physical Planning said the initiative, a community outreach program of the college started three years ago in the year 2022 with 60 Fundis and masons, in 2023, the number was increased to 120 Fundis and the current 2024, was 200 Fundis of various categories, including painters, builders, metal fabricators, plumbers and electrical fabricators. He said this community outreach program aims at sharing the accumulated scientific knowledge in building, design and construction technologies at CEDAT, sharing the expertise, knowledge and experiences with communities in greater Kampala and hence bridging the existing knowledge and skills gap between the training institutions and the communities.
The 21st century is characterized by collaboration, partnerships, and establishment of knowledge economies. He said based on the trainings held so far, it is clear that partnerships between the training institutions and the communities were possible especially the Fundis who are closer to the communities. ‘We also want to learn from the Fundi’s experiences, how they are able to connect to the communities in some cases better than those who have gone through the training institutions’, he said. He further noted that the majority of fundis are young people that need to be supported with skills and other ways of nurturing them. The dream of the department, he said is to introduce an open door policy that allows fundis and other university students to come to learn.
Several organizations supported the event and participated in the exhibition and they included Habitat for Humanity, Uganda, Green Building Council Uganda, The National Building Board, Uganda Clays Limited, Centenary Bank, Steel and Tube Industries Ltd, Simba Cement, Plascon, Goodwill, Cresttanks among others.
General
MURBS has declared 13.40% interest on members’ balances for the financial year that ended on 30th June 2024.
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.
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.
“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.
“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.
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.
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.
“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.
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