General
URBRA Tips 2nd Mak Seminar on Early Preparation for Retirement
- 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.
“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.
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.
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.
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.”
“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
The Director of Makerere University Jinja Campus, Associate Professor Ronald Kakungulu-Mayambala, has urged students to familiarise themselves with the Safeguarding policy aimed at creating a safer and more inclusive learning environment.
Speaking during the safeguarding policy sensitization meeting held today Tuesday, April 15, 2025 at the Civil Service College, Jinja, Prof. Kakungulu-Mayambala, emphasized the importance of awareness and adherence to the policy, which seeks to protect students, staff, and other stakeholders from all forms of abuse, harassment, exploitation, and discrimination.
“As Management we want every student to enjoy their stay at the University without being tormented and that can only happen, if students know their rights by reading about different policies on our website. You are meant to be living in a safe environment. We do not want anybody’s dream to be shattered or somebody to drop out from University,” Prof. Kakungulu-Mayambala, said.
In his speech, Prof. Kakungulu-Mayambala, also called upon students who have complaints but do not know the reporting lines, to approach staff safeguarding champions to make sure that they live in a safe environment.
Addressing guests, Emmanuel Muchake, the Guild Administrator at Jinja Campus, pointed out that the launch of the safeguarding policy is timely because as a University, without creating a conducive environment for teaching and learning, they will not have students graduate.
On Friday, April 4,2025, the Third Deputy Prime Minister and Minister without Portfolio, Right Honourable Lukia Isanga Nakadama, officially launched the Safeguarding Policy and commended Makerere University for crafting a policy that lays out the University’s framework for embedding viable safeguarding measures into its ethos and all institutional activities and processes to: Identify, detect, and act swiftly on safeguarding risks.
The Safeguarding Policy was developed in response to the growing need for institutions of higher learning to implement proactive measures that address concerns related to student welfare, mental health, gender-based violence, and power imbalances in academic settings.
Some of potential safeguarding risks in Institutions of higher learning include emotional distress, Sexual Exploitation, Abuse and Harassment (SEAH); material loss, financial exploitation, discrimination and neglect, unfair and illegitimate response to civic engagements, cyber security/threats, psychological and emotional harm, substance abuse and physical assault. Discrimination and neglect which are often high risks for students with disabilities and international students.
The safeguarding policy sensitization meeting in Jinja Campus brought together students and staff in a meaningful dialogue on safeguarding issues affecting learning.
The event was graced by Dr. Rodney Rugyema, from the Dean of Students Office, who emphasized the University’s commitment to the well-being of all its members. In his remarks, he highlighted the importance of safeguarding policies in preventing abuse, harassment, exploitation, and other forms of misconduct within the Jinja Campus community.
“Safeguarding is not a one-time action, but a continuous culture of care and accountability. We all have a role to play in ensuring a safe and respectful space for learning and growth,” Dr Rugyema, said.
The sensitization session covered key topics including; recognizing signs of abuse, understanding reporting procedures on the MakSafeSpace and fostering mutual respect among peers.
Participants were encouraged to actively engage and reflect on their roles in upholding safety standards both on and off campus.
Students who attended the sensitization welcomed the initiative, with many expressing optimism that the policy would improve campus safety and encourage victims to come forward without fear of retaliation.
“We have seen issues go unreported in the past because students didn’t know where to turn. This policy provides clarity and assurance that the university is taking these matters seriously,” noted, a third-year student.
The University plans to conduct a series of sensitization workshops and distribute printed copies of the policy to ensure that every member of the campus community is well-informed. This initiative is part of Makerere University‘s broader strategy to reinforce its values of integrity, respect, and protection for all.
The Safeguarding Sensitization Meeting concluded with a collective pledge to uphold safety, dignity, and mutual respect within the University community.
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