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Mak staff introduced to new sustainable post retirement investment ideas

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Makerere University members of staff have been introduced to sustainable investment ideas and viable options of securing retirement income. This was during the pre-retirement training organized by the Makerere University Retirement Benefits Scheme (MURBS) on Thursday 28th February 2019. The training was attended by Academic, Administrative, and Support staff of Makerere University and was facilitated by professional trainers from ICEA Lion Life Assurance Company Limited and GenAfrica Asset Managers.

 Mr. George Kaluma Mulindwa, the Investment Manager at GenAfrica Asset Managers interacting with particpants.

During the interactive sessions on how staff can properly manage their retirement benefit, Mr. George Kaluma Mulindwa, the Investment Manager at GenAfrica Asset Managers advised staff to invest in areas that can sustain their post retirement period.  He also encouraged them to prepare and plan well for their retirement benefits.

“Start looking at your income, assets and have a plan on how you can make your retirement benefit useful. We should be financially secure by looking at where our money goes, check our expenditures and always have a budget. This will help us to put our money into good use,” he said.

The Chairperson MURBS Board of Trustee Mr. Wilber Grace Naigambi  and some members of MURBS during the  training.

Mr. Mulindwa urged participants to always ensure that they are financially secure, independent and above all, have the financial freedom during their old age.  He introduced participants to several investment options among which included; cash, fixed income, shares, real Estates, equity, agriculture.

“Every investment has risks but we have to be a little bit conscious.  Our objective is to have income generating assets and an income that sustain our retirement period. We retire when we are worn out, our regular demand is health care services.  We should hence ensure that we have the income that can meet this basic service,” he remarked.

Mr. Kennedy Odenyo, the Business Development Manager at ICEA Lion Life Assurance Company introduced members to a new retirement income option of Annuities.

Mr. Kennedy Odenyo, the Business Development Manager at ICEA Lion Life Assurance Company introduced members to a new retirement income option of Annuities. An annuity is also referred to as a pension, and it is designed to protect people from the risk of outliving their income.

According to Mr. Odenyo, Annuity arrangements allow the retirees to have guaranteed income for life or for a convenient number of years after retirement. This follows a stipulated premium paid by the person seeking the annuity (annuitant) either through prior instalments or in a single payment, such as a member’s accumulated (prescribed portion or all) benefits upon retirement. Annuities are provided by insurance companies which are licensed to provide this service in accordance with the Law.

Some of the members of staff attending the training.

The Chairperson MURBS Board of Trustee Mr. Wilber Grace Naigambi thanked the staff for attending the training in big numbers and encouraged them to reflect on the information they had received with seriousness.

He thanked the facilitators for the informative message that will have a positive impact on staff when preparing for retirement. In the same spirit he acknowledged the MURBS organizing team for the successful event.

Article by Mak Public Relations Office

 

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Veteran Professor changed Makerere and Higher Education

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Professor Pancras John Mukasa Ssebuwufu (L) receives a plaque and citation from RUFORUM Board Member and Vice Chancellor Ndejje University-Professor Eriabu Lugujjo (Right) on 6th May 2021 at the RUFORUM Secretariat, Plot 155 Garden Hill, Makerere University Main Campus,

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.

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Japan Africa Dream Scholarship (JADS) Program 2021/2022

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Japan Africa Dream Scholarship (JADS) Program 2021/2022. Photo credit: AfDB

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.

Application Procedures

  1. Applicant requests for information and application forms and procedures from the chosen JADS partner university. For any inquiries, please contact JADS@AFDB.ORG
  2. Applicant completes required documents and sends them to the university.
  3. University evaluates and selects applicants.
  4. University sends selected candidates to the AfDB.
  5. AfDB reviews submissions from universities, prepares and approves the final list.
  6. AfDB contacts selected awardees, and informs the universities.

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WHS Regional Meeting Africa 2021: Finance Chairperson’s Update

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Prof. Tonny J. Oyana, Finance Chairperson, World Health Summit Regional Meeting Africa, June 2021.

SOPs: Our plan is to have 200 sets of people in different spacious rooms…

Prof. Tonny j. oyana, finance chairperson whs regional meeting africa

We are sincerely grateful to our sponsors…

Over 15 core sponsors…

Sessions: 60% Virtual, 40% Onsite…

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