General
MURBS Declares 10.6% Interest, Launches Annuity Arrangement & Property Project
The Makerere University Retirement Benefits Scheme (MURBS) on 11th October 2019 at a presentation of its performance for the Financial Year 2018/2019 declared an interest of 10.6% payable on all members' opening balances as at 1st July 2018. MURBS also introduced two new products for Members; the Annuity Arrangement courtesy of the Insurance Company of East Africa (ICEA) and the Property Project, dubbed Ivory Estate Sonde.
Welcoming participants to the presentation, the Principal Pension Officer MURBS, Ms. Susan Khaitsa introduced Members of the Board of Trustees (BoT) who included; the Chairperson, Mr. Wilber Grace Naigambi, Ms. Dorothy Nannozi Kabanda, Mr. John Peter Okello and Mr. William Ndoleriire. Also introduced were co-opted Board Members; CPA David Ssenoga-Chair Audit Committee and Mr. Paul Kuteesa-Member, Finance and Administration Committee.
Ms. Khaitsa also recognised the; CEO, Uganda Retirement Benefits Regulatory Authority (URBRA)-Mr. Martin Nsubuga, Representative of the CEO, Insurance Regulatory Authority (IRA)-Mr. Chris Kananura and CEO, ICEA (Insurance Company of East Africa) Life Assurance Company-Mr. Emmanuel Mwaka. The service providers; Administrator-Octagon Uganda Limited, Custodian-Stanbic Bank Uganda Limited as well as Fund Managers-GenAfrica Asset Managers Limited and Sanlam Investments SA were equally well represented.
Addressing participants, the Chief Guest Rt. Hon. Daniel Fred Kidega, Vice Chairperson Makerere University Council who represented the Chairperson, Mrs. Lorna Magara, thanked MURBS for inviting Council to witness the 9th Presentation of its performance.
“On 1st April 2010, the Makerere University Council established MURBS. This in itself was a bold decision before the promulgation of the Uganda Retirement Benefits Regulatory Authority” noted Rt. Hon. Kidega.
The Chief Guest then informed participants that the Scheme Sponsor Makerere University Council and Government had as at 30th June 2019 paid over UGX 30billion of unremitted contributions to MURBS. He also reassured the audience of Council’s commitment to ensure that MURBS becomes the best scheme on the Ugandan market.
In his remarks, the Vice Chancellor Prof. Barnabas Nawangwe thanked the Chief Guest for sparing time to attend the presentation, noting that “MURBS matters are of great importance to Makerere University.”
He therefore congratulated MURBS upon coming up with the Annuity Arrangement and Property Project as innovations for Members. “I congratulate MURBS on these wonderful innovations because this shows that at long last this institution is breaking out of inertia in line with my manifesto theme; Unlocking the Potential of Makerere University.”
Prof. Nawangwe added that Makerere University as the foremost trainer of Managers, will enable our nation to achieve middle income status through research and innovations. He however noted that this would be impossible unless the human resource responsible for this training remains focused on their work with reassurance that their salaries will be paid on time and benefits secured upon retirement.
“As we strive to ensure that Makerere University makes her contribution to the country, we want to ensure that the people who are making this possible are relaxed. MURBS has a major responsibility in ensuring that our staff benefits are well taken care of and wisely invested” added the Vice Chancellor.
The former Chairman, Makerere University Academic Staff Association (MUASA) and Manager Communication and International Relations, Dr. Muhammad Kiggundu Musoke commended the Vice Chancellor for his support to MURBS over the years. “As Deputy Vice Chancellor (Finance and Administration), Prof. Nawangwe supported the proper running of MURBS and was readily available to settle any matters related to staff benefits.”
Dr. Kiggundu Musoke also paid tribute to the Chairperson, BoT, MURBS Mr. Wilber Grace Naigambi for being an exemplary and dependable representative of MUASA. He therefore appealed to the MUASA fraternity to always choose trustworthy and reputable representatives who will take the Scheme to greater heights.
Whereas MURBS declared an interest of 17% on 30th June 2018, this year’s reduced 10.6% declaration was attributed to a number of factors in the operating environment. Delivering the presentation on the Scheme’s performance, Mr. Naigambi shared that during the financial year 2018/2019, regional equity markets, which hold over 20% of the MURBS asset class declined greatly. This was attributed to weakening foreign investor appetite in light of global economic and trade uncertainties.
Nevertheless, MURBS collected UGX26billion in member contributions, compared to UGX23billion the previous financial year. The Scheme’s Total Net Assets also grew by 30% from UGX142billion in the 2017/2018 financial year to UGX178billion in 2018/2019.
Mr. Naigambi further announced that MURBS had in partnership with ICEA Life Assurance come up with the MURBS Annuity Arrangement and introduced two Annuitants; Mr. Michael Nganda from the Department of Mathematics and Assoc. Prof. Andrew Muwanga from the Department of Geology and Petroleum Studies. These shared their testimonies of their experience so far and benefits such as Health Insurance for the Annuitant and a spouse and Funeral cover that come with the arrangment.
Mr. John Peter Okello on behalf of the BoT then presented MURBS’ first real estate development project; Ivory Estate Sonde. The project consists of 358 serviced plots starting at 50x100feet, spread out over a 50acre estate. Priority will be given to MURBS Members, who will be able to purchase each plot at UGX55million. MURBS has partnered its Custodian Stanbic bank to ease purchase of the plots by MURBS Members.
According to Mr. Jackson Emanzi, Stanbic Uganda’s Head of Home Loans, MURBS members will pay an initial 10% of the cost (UGX5.5million) and can access a loan facility within 48 hours to pay the balance over five years in UGX1.2million monthly installments. A dedicated desk has been set up at the Stanbic Bank Makerere Branch to ease access to the loan facility for plots at Ivory Estate Sonde.
Speaking on behalf of URBRA, the CEO Mr. Martin Nsubuga commended MURBS for being a very organized scheme with highly focused Trustees. “Our biggest challenge at the beginning of setting up the Authority was dealing with Trustees who either didn’t know their obligations or over delegated responsibility to service providers.”
Mr. Nsubuga on the other hand commended MURBS Trustees for steering the scheme to continued growth and congratulated Makerere University upon safeguarding the retirement benefits of their employees. He reassured the audience that URBRA had in place a solid legal framework to ensure that the MURBS investment is secure.
On behalf of IRA, Mr. Chris Kananura said that the Authority is fully committed to developing the Insurance sector in Uganda and commended MURBS for partnering with ICEA to add value to retirement benefits.
“Research has shown that 96% of retirees exhaust their benefits within three years of retirement. Annuity arrangements are therefore an excellent way to prepare you for a comfortable retirement and the IRA has introduced risk-based supervision to ensure that companies fulfill the promises spelled out in their product portfolios” added Mr. Kananura.
The CEO, ICEA Life and gallant alumnus of Makerere University, Mr. Emmanuel Mwaka noted that with more than 4,500 Annuitants, his company is the largest provider of annuity arrangements in the region. He therefore welcomed more MURBS members to take advantage of the services provided so as to mitigate the risks associated with lump sum payments upon retirement.
This position was reiterated by Mr. David Opio Okello, Member, ICEA Life Board of Directors who commended MURBS BoT for the exceptional leadership and tremendous job in growing the Scheme since its inception to the current fund value.
“This partnership with ICEA Life will enable MURBS to meet its objective to deliver retirement security for members both today and tomorrow. I thank the Insurance Regulatory Authority for introducing annuities as an option for members to receive their retirement benefits” added Mr. Opio Okello.
Article by Public Relations Office
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“The Future Remains Highly Promising”-MURBS BoT to Members
Hosts Makerere University have officially kicked off the East African Universities’ Debate Championship EAUDC ZAABU 2026, bringing together student debaters, university leaders, and representatives from universities across the region to promote intellectual engagement, critical thinking, leadership development, and regional collaboration. The championship provides a platform for students to exchange ideas, strengthen public speaking skills, and develop solutions through constructive dialogue. This year’s theme is: From Dialogue to Action: The Role of Youth in Africa’s Transformation.
The event reflects Makerere University’s continued commitment to nurturing student leadership, academic excellence, and regional integration by providing opportunities for young people to engage in meaningful discussions and build networks beyond national borders.
Debate as a Platform for Regional Engagement
Chairperson of the Organizing Committee and Makerere University Debate Union (MDU), Mr. Arthur Akatwijuka highlighted the importance of hosting the championship and bringing together universities from different countries across East Africa. He noted that the event demonstrates the role of debate in connecting young leaders, promoting intellectual diversity, and strengthening collaboration among institutions of higher learning.
‘We are excited to have representation from the different countries and universities. This championship is not only about competition but also about creating a platform where young leaders can engage, share ideas, and shape the future of our region,’ said Mr. Akatwijuka.
Mr. Akatwijuka further explained that the championship provides participants with an opportunity to learn from different perspectives, develop confidence, and build skills that will contribute to their leadership journey. He encouraged students to embrace the experience as a platform for knowledge exchange and regional cooperation.
Reaffirming Makerere University‘s Commitment to Regional Integration
Speaking on behalf of the Vice Chancellor, Deputy Vice Chancellor (Finance and Administration), Prof. Henry Alinaitwe reaffirmed Makerere University’s commitment to advancing regional integration and nurturing future leaders through the EAUDC2026. He descried the championship as a vital platform for strengthening collaboration among universities.
‘Makerere was the first university in East Africa, so you are coming back home. This is your university, and its doors are always open to you,’ said Prof. Alinaitwe.
The Deputy Vice Chancellor noted that the championship builds on Makerere University‘s efforts to promote youth leadership and regional cooperation through debate. He said the competition equips participants with critical thinking, communication, research, and leadership skills while fostering unity among East African youth. ‘As we debate regionally, we are strengthening regional integration. By coming here, articulating your points and convincing others, you are being groomed to become formidable leaders and a force for production and transformation in our societies,’ he said.
Prof. Alinaitwe emphasized that beyond the competition, the championship creates opportunities for participants to build regional networks and lasting partnerships that can support future academic, professional, and leadership opportunities. He encouraged all participants to view themselves as winners for contributing to East Africa’s shared vision of integration and development.
‘All of us are already winners simply by participating in this championship. Whether you finish first or sixth, you have strengthened your skills and contributed to building the future of our region,’ stated Prof. Alinaitwe.
Developing Responsible Leaders Through Debate
The Dean of Students Makerere University, Dr. Winifred Namuwonge Kabumbuli warmly welcomed participants and described the championship as an important opportunity for developing responsible and innovative leaders. Dr. Namuwonge noted that debate enables students to improve their communication skills, engage with diverse perspectives, and become better prepared for future leadership roles.
Dr. Namuwonge encouraged participants to uphold integrity, respect different viewpoints, and use the championship as a platform for learning and cultural exchange. ‘Makerere University is proud to host this championship because debate develops leaders who can engage society with knowledge, confidence, and respect,’ Dr. Namuwonge noted.
Communication Skills for Future Leaders
The Electoral Commission Uganda, Head of Public Relations and Spokesperson, Mr. Julius Mucunguzi congratulated the organizers and participants for promoting intellectual dialogue through the championship. He emphasized that debate plays a significant role in preparing young people to communicate effectively and participate in leadership.
Mr. Mucunguzi explained that the skills acquired through debating extend beyond competition and are valuable in professional and public spaces. ‘Debate equips young people with the ability to think critically, communicate effectively, and contribute meaningfully to society. Makerere is proud to provide this platform for East Africa’s future leaders.’
He encouraged students to continue embracing debate as a tool for knowledge sharing, understanding different perspectives, and contributing positively to society.
Transform Dialogue into Action
The keynote speaker and Executive Secretary of Inter University Council for East Africa (IUCEA), Prof. Idris A. Rai who was represented by Dr. Gervais Ndayizeye challenged young people across East Africa to move beyond discussions and take action in addressing challenges facing the continent. He described the championship as a platform for developing future leaders, innovators, and problem-solvers who will contribute to Africa’s transformation.
‘We wish that the end comes not only with debate but with action. The role of youth in African transformation is very important,’ the keynote speaker said.
Dr. Ndayizeye emphasized that young people, who make up more than 70 per cent of Africa’s population, have the potential to turn challenges into opportunities through innovation, entrepreneurship, and leadership. He encouraged the youth to change their mindset from seeking employment to creating solutions and opportunities for others.
‘The question should no longer be, ‘Who will employ me?’ The new question should be, ‘What problem can I solve?’ challenged Dr. Ndayizeye.
Dr. Ndayizeye urged young leaders to actively participate in governance by voting, engaging in public affairs, and holding leaders accountable. He also highlighted the importance of East African integration, calling on young people to embrace regional cooperation and take advantage of opportunities across member states.
‘You must vote. You must engage. You must contribute. You must hold leaders accountable. You must become part of the leadership,’ Dr. Ndayizeye stated.
He further stressed that discipline is essential for success, noting that talent and education must be supported by commitment and responsibility. ‘Talent without discipline is wasted potential. Discipline is what transforms goals into achievements,’ Prof. Idris said.
Concluding his remarks, Dr. Ndayizeye challenged participants to become innovators, responsible citizens, and creators of opportunities who will turn ideas into action. ‘This generation will be remembered as the generation that transformed dialogue into action, challenges into opportunities, and possibilities into progress. The future of this East African Community is sitting in this room today,’ he concluded.
EAUDC ZAABU 2026 is organised by the Makerere University Debate Union (MDU), the official student organization that promotes debate, public speaking, poetry, and critical discourse. The debate will be held from 27th to 31st July 2026 at the Yusuf Lule Central Teaching Facility.
When a delegation from Mbarara University of Science and Technology (MUST) visited Makerere University on 23rd July 2026, one of the biggest discussions was how universities can effectively manage research grants.
The MUST delegation, led by Vice Chancellor Prof. Pauline Byakika Kibwika, visited Makerere to learn from the University’s experience in managing externally funded research projects. During the meeting, Makerere Vice Chancellor Prof. Barnabas Nawangwe revealed that while MUST managed research grants worth about UGX 13 billion in the last financial year, Makerere’s research portfolio now stands at approximately USD 250 million.
The discussion focused on the systems, policies and accountability measures that have enabled Makerere to manage one of the largest research portfolios in Africa.
Research Funding Built on Trust.
Prof. Nawangwe explained that Makerere’s research funding comes from different colleges and research units.
He noted that the Infectious Diseases Institute (IDI) alone attracts about USD 70 million annually, while the School of Public Health receives approximately USD 30 million each year. Together, the two units account for nearly USD 100 million in research funding.
He said these grants are made possible because development partners trust the University to manage public resources responsibly.
“We must ensure proper accountability so that we don’t lose the trust of our donors and continue benefiting from their support,” Prof. Nawangwe said.
How Makerere Manages Research Grants.
Acting University Secretary Mr. Simon Kizito took the MUST delegation through the key requirements that every grant funded project must meet under Makerere’s Grants Administration and Management Support Unit (GAMSU).
He explained that every research project must first be included in the University’s approved budget in line with the Public Finance Management Act before any funds can be spent.
He also emphasized that procurement under research grants must comply with the Public Procurement and Disposal of Public Assets (PPDA) Act, regardless of the donor’s procurement guidelines.
“The Auditor General will pounce on you” if procurement procedures are not followed, he cautioned.
Mr. Kizito further explained that all assets purchased using grant funds, including vehicles and equipment, must be recorded in the University’s central assets register unless the funding agreement states otherwise.
He added that separate project bank accounts can only be opened with approval from the Accountant General, while all projects must submit both financial and narrative reports to funders and government and undergo regular audits.
University Bursar Mr. Evarist Bainomugisha noted that although grant funds do not appear directly in the University’s main financial statements, they are fully disclosed in the notes to the accounts and are audited annually before reports are submitted to Parliament.
Lessons from the Research and Innovation Fund.
The delegation also learnt about the Makerere Research and Innovations Fund (Mak-RIF).
Representing the Fund, Dr. Roy William Mayega said Mak-RIF has invested about UGX 172 billion in research and innovation over the last seven financial years.
He explained that 70 percent of the funding supports competitive research grants, 10 percent is reserved for projects addressing national priorities, while the remaining funds support monitoring, evaluation and dissemination of research findings.
According to Dr. Mayega, the Fund has so far supported 1,480 research and innovation projects, with 53% completed and 47% still ongoing.
Looking Beyond Research Grants.
Director of Research, Innovation and Partnerships Prof. Robert Wamala encouraged the visiting delegation to look beyond simply winning research grants.
He emphasized the importance of investing in strong internal systems, using artificial intelligence to improve efficiency, and ensuring that research leads to publications, patents, commercialization and partnerships with industry.
He noted that universities should not only focus on attracting grants but also on translating research into solutions that benefit society.
Learning from Makerere’s experience.
Prof. Pauline Byakika Kibwika said MUST recently established a Research Institute to coordinate research activities and grant management under one structure. She explained that the University wanted to learn from Makerere’s experience as its own research portfolio continues to grow.
“We have come to learn from your achievements as well as the challenges, so that we can do things better,” she said.
She added that the visit marks the beginning of closer collaboration between the two institutions, with a follow up technical engagement planned to allow the MUST team to learn more about Makerere’s grant management systems, including the GAMSU online platform.
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