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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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Engineering, Art & Tech

A Successful Ph.D. Defense by Vianney Andrew Yiga

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The CEDAT community is proud to share our congratulations to Vianney Andrew Yiga following his successful Ph.D. defense that happened yesterday Monday 3rd October 2022 at the College of Engineering, Design, Art, and Technology (CEDAT).

His Thesis was titled; Thermal Stability of Fiber- Reinforced Polylactic Acid Composites for Flameretarded Applications.

The candidate was supervised by Eng. Dr. Michael Lubwama and Eng. Dr. Peter W. Olupot both from the Department of Mechanical Engineering, at CEDAT.

Dr. John Wasswa, Department of Chemistry, College of Natural Sciences (CONAS), Makerere University was the opponent that interrogated the candidate to enable a clear understanding of the study.

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Makerere University Launches National Parenting Draft Manual

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The Director of Culture at the Ministry of Gender, Labour and Social Development, Ms. Juliana Naumo Akoryo (Centre) and Dr. Godfrey Siu, the Principal Investigator from Mak-CHDC (Right) interact with a participant at the workshop on 22nd July 2022, Kampala.

By Agnes Namaganda

On July 22nd 2022, Makerere UniversityChild Health and Development Centre (MakCHDC) launched a draft manual for the National Parenting Standards. The Centre has been working together with the Ministry of Gender, Labour and Social Development (MGLSD) with funding from UNICEF (United Nations Children’s Emergency Fund), to develop standards that are agreeable to all organisations in the country that are involved in parenting work. The draft manual was being presented to members of a consortium that brings together all these organisations together, called the Parenting Agenda Consortium.

“We produce many documents and they are shelved,” Irene Ayot Chono, who was speaking on behalf of UNICEF said. “We hope that this document will not be one of them,” she emphasized.

Irene Ayot Chono-UNICEF, urging participants to utilize the manual once it is complete.
Irene Ayot Chono-UNICEF, urging participants to utilize the manual once it is complete.

Dr. Godfrey Siu, the Principal Investigator from Mak-CHDC who presented the draft manual to participants, emphasized that if any organization is doing parenting work, there should be a minimum package that they should offer.

Draft Manual Content

The manual which will have several modules. These modules will be delivered face-to-face in 1.5 hour sessions. Some of these include; Module 6 which will focus on “understanding responsible masculinity and fatherhood” and on “understanding the concept of head of family.”The draft manual also proposed that Module 11 focuses on Parenting in the 21st Century. Some of the sessions in this module will include Children and Technology, Contemporary Influence on Children and Modernity, Culture and Morality.Module 9 will focus on Parenting for Adolescents and some of the suggested sessions within this module are Needs for Adolescents and The Art of Communicating with Adolescents. Module 5 will focus on Preventing Violent Parenting and Promoting Alternative Discipline Strategies while Module 10 will be about Parenting to Address the Mental Health for Children and Adults.

Dr. Godfrey Siu, the Principal Investigator from Mak-CHDC presenting the contents of the National Parenting Standards Draft Manual.
Dr. Godfrey Siu, the Principal Investigator from Mak-CHDC presenting the contents of the National Parenting Standards Draft Manual.

Participants’ suggestions

After the presentation, participants raised several suggestions for discussion and consideration. These included whether there should be a module on spirituality since Uganda is a strongly religious nation. There was also the concern of how children in remand homes should be parented. Another concern raised by a participant was as to whether teachers who make an undeniable contribution to parenting, should be taken through the parenting manual.

A participant gives her input at the National Parenting Standards Draft Manual launch.
A participant gives her input at the National Parenting Standards Draft Manual launch.

In her closing remarks, Ms. Juliana Naumo Akoryo, the Director of Cultural Affairs at the Ministry of Gender, Labour and Social Development (MGLSD) said that the manual is for the parenting organisations to utilize and not for MGLSD.

The Director of Culture at the Ministry of Gender, Labour and Social Development, Ms. Juliana Naumo Akoryo making closing remarks at the workshop.
The Director of Culture at the Ministry of Gender, Labour and Social Development, Ms. Juliana Naumo Akoryo making closing remarks at the workshop.

Ms. Chono also adjured the team behind the manual to use picture illustrations in the manual that can be relatable by the Ugandan parents.

Contact: Agnes Namaganda – agnesvioletnamaganda@gmail.com

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Launch of Mak-RIF Round 4 Awards & PhD Call for Proposals

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Mak-RIF 4 Awards and PhD Call For Proposals, 29th September 2022, 9:00 to 10:00 AM EAT.

Makerere University received funding from the Government of the Republic of Uganda, earmarked to support high impact Research and Innovations. This unique initiative arose after engagements between the top University Management and the Government of Uganda. This fund illustrates the increasing importance that the Government attaches to Research and Innovation as a driver of development and transformation. The objective of the fund is to increase the local generation of translatable research and scalable innovations that address key gaps required to drive Uganda’s development agenda. 

In the Financial years 2019/2020, 2020/2021 and 2021/2022 the Government of the Republic of Uganda through Mak-RIF has funded implementation of over 750 multidisciplinary research and innovations within the various Colleges, while engaging multiple stakeholders within and outside Makerere University. The Grants Management Committee (GMC) has finalized the award process for the Mak-RIF round 4 call for funding for this Financial Year 2022/2023.

The Grants Management Committee (GMC) hereby invites you to the Launch of the Mak-RIF Round 4 awards and PhD Call for Proposals scheduled to take place tomorrow Thursday 29th September 2022 from 9:00 to 10:00 a.m. EAT. 

Please use the following details to join the launch.

Register in advance for this meeting:
https://us06web.zoom.us/meeting/register/tZwpcu-urDIjE9ZgxdsbEmA2IkNMMiJVECt_ 
Meeting ID: 884 5662 9992
Password: 292624

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