- 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.
“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
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
SOPs: Our plan is to have 200 sets of people in different spacious rooms…Prof. Tonny j. oyana, finance chairperson whs regional meeting africa
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