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URBRA Tips 2nd Mak Seminar on Early Preparation for Retirement

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  • Age is inevitable; it’s you to make your retirement enjoyable – URBRA
  • Old age is a treasure in life but how are going to enjoy it? – URBRA

Thousands of members of the Makerere University family filled the Main Hall on Tuesday, 19th February 2019 to learn more ways on how to save for their retirement. Right from the onset, the massive turn up of both staff and students listened attentively to the speakers who made presentations on various saving and retirement scheme options.

Addressing the audience, the Chairman Board of Directors Uganda Retirement Benefits Regulatory Authority (URBRA), Mr. Andrew Kasirye thanked everyone for sacrificing their time and attending the conference. He went on to share that URBRA is extending its services to the students in order to make them prepare for their old age, as the earlier one starts saving, the more money one receives upon retirement.

The Board Chairman URBRA-Mr. Andrew Kasirye tipped the audience on the need to start saving for retirement early in life

“It has come to our attention that students have money but don’t know how and when to spend it. As URBRA, we decided to come and extend our services to you so as to help you learn and adopt a saving and investment culture when you are still energetic; don’t wait until you get a lot of money before you start thinking of saving,” Mr. Kasirye advised.

He noted that URBRA is committed to implementing its strategic objective that aims at improving understanding and promoting the development of the Retirement Benefits Sector and expounding on the people’s understanding about saving for retirement.

Mrs. Agnes Ssekiboobo from the School of Statistics and Planning (Right) addresses the audience as the Deputy Principal CoBAMS-Dr. Bruno Yawe (Left) listens

Mr. Kasirye further acknowledged the excellent cooperation URBRA has with Makerere University Retirement Benefits Scheme (MURBS) and noted that they work hand in hand towards achieving the shared goal, which is ensuring that the rights of scheme members are adequately safeguarded.

The Principal, College of Business and Management Sciences (CoBAMS), Dr. Eria Hisali thanked URBRA for working hand in hand with the School of Statistics and Population Studies to extend its services to the mighty Makerereans. He urged URBRA to continue this good service so as to sensitize the young generation.

L-R: Mr. Martin A. Nsubuga, Dr. Eria Hisali and Mr. Wilber Grace Naigambi share a light moment

Addressing the challenges of old age, poverty and the role of the Retirement Benefits Sector in the Economic Development, the Manager Research and Sector Development URBRA, Mr. Mukiibi Benjamin defined saving as the portion of current income not spent on consumption, and investment as the purchase of assets with the goal of increasing future income. He noted that saving for retirement is a long life term goal which everyone above 18 needs to engage in so as to live an enjoyable retirement.

He advised the students to save regardless of what they get if they want to enjoy their old age. “Even with so little earned, and many demands, one requires saving for retirement. Your most needy time is when you are retired and there is nothing to support you and you end up living a miserable life,” noted Mr. Mukiibi.

Dr. Eria Hisali, Hajji Hassan Nakabaale and Martin A. Nsubuga pose with a group of students who attended the 2nd Mak-URBRA Seminar

Mr. Mukiibi who is also a proud alumnus of Makerere University urged the Makerere fraternity to treasure their old age by making good use of every stage that they go through.

“Always ask yourself what kind of job you will do when you clock 60, use every stage of your life carefully and build a future of wealth and stability,” he advised.

Briefing the audience on the mandate and functions of URBRA the Acting Chief Executive Officer, Mr. Martin Nsubuga; another proud alumnus of Makerere, revealed that a students’ retirement savings scheme was opened last year to enable learners start saving early for their retirement, “for it is the black hair that works for the grey hair.”

Part of the audience consisting of staff and students listen keenly to the proceedings at the 2nd Mak-URBRA Seminar

“The longer you save the more money you save. Saving at a tender age is much better than saving at a late age when your retirement is at the door,” advised Mr. Nsubuga.

He also noted that once one has joined URBRA, he/she can save UGX1,000 daily and accumulate it till he/she reaches the retirement age of 55.

Speaking to the audience, the Patron Makerere Actuarial Society (MAS), Dr. Hellen Namawejje thanked URBRA for the great work done in extending its services to Makerere University students. She noted that this was the second successful Mak-URBRA seminar and thanked the audience for the massive turn up and pledged continuity of the educative seminars.

Article by Rachael Kanyi, Volunteer, Mak Public Relations Office

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Dr. Martin Aliker – Celebrating A Life Well Lived

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Dr. Martin Aliker (2nd L) shakes hands with the Vice Chancellor, Prof. Barnabas Nawangwe (2nd R) at the successful conclusion of the Second Edition of the Makerere University Endowment Fund (MakEF) Run (MakRun) on Sunday 25th March 2018 as Prof. William Bazeyo (L) and Dr. Florence Nakayiwa (R) witness.

The Makerere University Council, Senate, Alumni and the entire students’ community has learnt with great sorrow of the death of your beloved head, Dr. Martin Aliker. Please accept our sincerest condolences during this trying time.

Dr. Aliker joined Makerere College then in 1948 and shortly thereafter received a scholarship to join Northwestern University, Illinois where he earned a Bachelor of Political Science. Being an ardent student, he also earned a Fulbright Fellowship at Northwestern University, and graduated with a Doctor of Dental Surgery, later becoming a Fellow of the Royal College of Dental Surgeons of the United Kingdom.

Dr. Aliker has throughout his long and well-lived life projected an enviable brand, reflective of a professional and hardworking gentleman who has excelled in all walks of life as a distinguished alumnus, scholar, influential business leader, entrepreneurial mentor, and one of Uganda’s and indeed Africa’s and the Commonwealth’s leading senior citizens.

The name Dr. Martin Aliker has stood the test of time as one attributable to dedicated service with impeccable integrity, tested and proven business acumen, making him a distinguished source of inspiration to both the young and old. It was therefore with great pride that Makerere University on 17th July 2014 appointed him as the Chairperson of the pioneer Board of Trustees in charge of the Makerere University Endowment Fund (MakEF).

Under his stewardship, the Inaugural Board had at the end of their term in 2019 grown MakEF’s onshore fund from nothing in 2014 to UGX 1.5 Billion, while the offshore fund was valued at 1.5 Million GBP.

We remain forever thankful to God for the gift of Dr. Martin Aliker’s inspirational life and pray that the good Lord will comfort you his beloved and rest his soul in eternal peace.

Umar Kakumba (PhD)
AG. VICE CHANCELLOR

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Prof. Justin Epelu-Opio, Our Longest Serving DVC Rests

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It is with great sorrow, that the Makerere University Council, Senate, Alumni and the entire students’ community has learnt of the death of Prof. Justin Epelu-Opio.

Our heartfelt consideration goes out to the family upon the loss of a loving Father, Grandfather, Mentor, Son and dear friend. Please accept our sincere condolences. We commit you to God our Father, who alone knows the plans He has for each and every one of us.

Prof. Epelu-Opio was our longest-serving Deputy Vice Chancellor (1993 – 2004), and the last to serve in that position before the Universities and Other Tertiary Institutions Act enacted the two positions of Deputy Vice Chancellor (Academic Affairs) and Deputy Vice Chancellor (Finance and Administration). He was not only a great administrator, but also a great academic who selflessly contributed to Makerere University’s transformation. He served humanity with a lot of dedication and touched many lives in Uganda and beyond.

On 16th February 1973, Epelu-Opio took up his appointment as Lecturer in the Department of Veterinary Anatomy, in the then Faculty of Veterinary Medicine. He embarked on his PhD in Veterinary Anatomy the same year and completed it in 1976. Prior to that, he had completed his Bachelor of Science in Veterinary Medicine (1967 – 1971) and Master of Science in Veterinary Anatomy (1971 – 1973) both from the University of Nairobi.

Prof. Epelu-Opio was an ardent student who during his undergraduate studies at the University of Nairobi served as Research Assistant to Prof. RR Hofmann and Prof. Frederick Ian Bantubano Kayanja. He carried on this passion into his graduate studies, where he served as Temporary Technician and Demonstrator to undergraduate students in the Department of Veterinary Anatomy at the University of Nairobi.

Shortly after completing his PhD, in 1977 he took up the role of Senior Scientific Officer with the Animal Productivity Research Unit (APRU) of the National Committee for Scientific Research (NCSR) in Lusaka, Zambia, until 1982.

Upon his return, he was appointed Senior Lecturer in the then Department of Veterinary Anatomy, a position he held until 1984 when he was appointed to the rank of Associate Professor in the same Department.

In 1985, he was sponsored by the International Atomic Energy Agency (IAEA) for a four-month course in Animal Reproduction at the College of Veterinary Medicine, Uppsala University, Sweden, with emphasis on Radioimmunoassay techniques for assessing reproductive performance. That same year, he was appointed Head, Department of Veterinary Anatomy, a position he held until 1990.

During his time as Head of Department, in 1989 Prof. Epelu-Opio was appointed to the rank of Professor. In 1993, he was appointed Deputy-Vice Chancellor, a position he held until he attained the mandatory retirement age of 60 in 2004. He presided over this office during the delicate time when Makerere transitioned from admitting strictly Government-sponsored students to accepting privately-sponsored students. We are grateful that this worked out well and under his supervision, many deserving Ugandans gained access to quality University education.

Beyond the gates of Makerere, Prof. Epelu-Opio was a respected Statesman and elder, whose work as the pioneer Chairman of the Presidential Commission for Teso contributed to the restoration of peace in the sub-region. We are grateful that as a prolific writer, he documented his efforts in; Teso War 1986-1992: Causes and Consequences, a book published by Fountain Publishers.

We therefore stand with the Epelu-Opio family, friends, the Uganda Veterinary Association and all those whose lives he touched upon the loss of this great man. We are nevertheless comforted by the fact that this gallant alumnus did not hide his candle under the covers but lit so many other candles, which will continue to shine bright and perpetuate his legacy.

We remain forever thankful to God for the gift of Prof. Justin Epelu-Opio’s life and pray that the good Lord will rest his soul in eternal peace.

Umar Kakumba (PhD)
AG. VICE CHANCELLOR

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HERS-EA Seventh Academy

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Participants listen to Prof. Maggie Kigozi deliver her keynote address at the HERS-EA Sixth Academy on 3rd July 2023. Photo: Twitter/@HadjahBadr. Grand Global Hotel, Makerere Kikoni, Kampala Uganda. East Africa.

Overview

Higher Education Resource Services, East Africa (HERS-EA) Academy provides an intensive leadership and management development curriculum which equips women with skills needed to advance their personal career development and successfully navigate the institutional environment where they operate. The goal of the HERS-EA training is to raise the proportion of women in leadership and management positions in Higher Education Institutions (HEIs) in Eastern Africa (Burundi, Ethiopia, Kenya, Rwanda, South Sudan, and Uganda).

The program is focused on managing and leading change, human resource development and institutional effectiveness. The Academy prepares every participant to strengthen and expand her leadership skills by working closely with HERS-EA resource persons and staff. Participants will find the Academy to be a safe environment to share confidential matters.

Following six previous successful Academies, the Seventh HERS-EA ACADEMY will be offered in a one-week blended (virtual and in-person) format (July 19 – 25, 2024), we hope you can be part of the success story. This Academy will be a special one because we expect to be joined by collaborative researchers from USA, it will be part of the 10th Anniversary and it will be hosted by Gulu University in Northern Uganda. It will also include an excursion to a refugee camp, to generate further collaborative research ideas and another, to Murchison Falls National Park, for our wellbeing and reflection session; you won’t want to miss it!

Theme: “Rethinking Women Leadership for the 21st Century

Please see Downloads below for details and the application form.

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