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MURBS Declares 10.6% Interest, Launches Annuity Arrangement & Property Project

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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.

The Vice Chairperson of Makerere University Council, Rt. Hon. Daniel Fred Kidega

“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.”

The Vice Chancellor, Prof. Barnabas Nawangwe

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.

Some of the MURBS Departmental Ambassadors who attended the Presentation of the MURBS FY 2018/19 Performance

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.

The Chairperson MURBS BoT-Mr. Wilber Grace Naigambi (Centre) with L-R: CEO Life Assurance Company-Mr. Emmanuel Mwaka, Annuitants-Mr. Michael Nganda and Assoc. Prof. Andrew Muwanga, and Principal Pension Officer MURBS-Ms. Susan Khaitsa after the presentation on 11th October 2019

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.

Some of the representatives of MURBS Service Providers that attended the FY 2018/19 Preformance Presentation on 11th October 2019, Makerere University, Kampala Uganda

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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Makerere University signs Memorandum of Understanding with International Rescue Committee to Advance Research, Innovation and Partnerships

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Prof. Anthony Mugagga (Left), Principal of MakCEES exchanging the MoU with Mr. Elijah Okuyo, Country Director, IRC

Makerere University has signed a five-year Memorandum of Understanding (MoU) with the International Rescue Committee to formalize undertakings in research, innovation & partnerships.

Signed in September 2025 by the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe and the Country Director, International Rescue Committee,  Mr. Elijah Okeyo, the MoU provides a framework to implement research intensive programmes, promote innovative teaching and learning, internationalization, and contribute to societal transformation.

According to Mr. Okeyo, the MoU re-affirms Makerere University as the academic partner of the International Rescue Committee (IRC). “This MoU formalizes IRC’s working relationship with Makerere University. This framework empowers both institutions to tap into opportunities together. We believe in equal partnership. Makerere University commits to being our partner in research to contribute to evidence based humanitarian undertakings,” he said.

Under this collaboration, Makerere University and IRC will work on developing child-centered learning resources, innovative curricula, and policy-relevant research to enhance the quality of education in crisis-affected regions.

At Makerere University, the MoU brings on board, the College of Education and External Studies (CEES), Makerere University Institute of Teacher Education and Research (MITER), and the Early Childhood Care and Education (ECCE) Research Centre.

To concretize the MoU, the Principal of the College of Education and External Studies, Prof. Anthony Muwagga Mugagga convened a partnership meeting on Friday 12th September 2025  involving a delegation from the International Rescue Committee (IRC), Dr. David Kabugo, the Deputy Director of Makerere University Institute of Teacher Education and Research (MITER),  and Ms. Ritah Namisango, the Principal Communication Officer.

Mak CEES and IRC partnership meeting in progress

The delegation from the International Rescue Committee (IRC) consisted of the following: Mr. Elijah Okeyo-Country Director, Mr. Vincent Wanyama-Senior Program Development and Quality Coordinator,  Mr. Richard Omasete-Policy and Advocacy PlayMatters, and Ms. Janet Nambuya-Grants and Partnerships Coordinator.

The MoU focuses on the following areas of interest: Early Childhood Development, joint research and capacity building in education, the plight of refugees and the host communities, humanitarian aid, as well as, evidence based research to inform the education policy.

In line with its mandate, IRC brings onboard, its unmatched expertise in helping children in crisis-affected areas. The MoU therefore positions both institutions to undertake a leading role in the protection of children and families through evidence based research, access to education, and humanitarian undertakings.

Dr. Kabugo, the Deputy Director MITER, noted that the MoU opens new opportunities for joint efforts in research, training, and policy. He said: “We are committed to co-designing practitioner research, engaging in professional development, and generating evidence to guide the education policy in Uganda and beyond.” Dr. Kabugo explained that this partnership builds on years of cooperation between CEES and IRC, especially in child-centered methods such as play-based learning.

Prof. Mugagga described the MOU as a practical framework that connects Makerere University’s research with IRC’s field experiences. He stated that the College of Education and External Studies (CEES) conducts programmes focused on the future of the young people through training and empowering students/teachers. He articulated that the College significantly impacts on the education sector through delivery of quality academic programmes and research under the School of Education, School of  Distance and Lifelong Learning, and the East African School of Higher Education Studies and Development.

“Our strongest synergy is education and early child-focused care,” Prof. Mugagga emphasized. He revealed that the collaboration presents CEES with a strong and reliable partner (IRC), which stands for protection and the well-being of children and families. “Through this MoU, both CEES and IRC, will significantly contribute to improving education for children, families, and communities impacted by conflict and crisis.”

Prof. Mugagga commended IRC for the earlier support and expertise extended to the College in the development of the early childhood centre, and working together to provide valuable input during the Ministry of Education and Sports’ consultative process that led to the Early Childhood development policy.

Reflecting on the increasing number of refugees enrolling for studies at Makerere University, Prof. Mugagga  said: “ IRC has come at the right time. The College will tap into the IRC expertise to teach our staff and learners components in refugee education. They will equip our students and teachers with knowledge and skills in refugee education. Some of our students will cooperate with IRC to undertake research in refugee settlement and host communities.”

[L-R] Dr. David Kabugo, Deputy Director (MITER), Mr. Vincent Wanyama (IRC), Prof. Anthony Mugagga (Principal, MakCEES), Mr. Elijah Okeyo( Country Director-IRC), Ms. Janet Nambuya (IRC), Mr. Richard Omasette (IRC) and Ms. Ritah Namisango, PCO (MakCEES)

Prof. Mugagga implored both MITER and IRC to undertake research and develop modules on refugee education, parenting, re-tooling street children, integration of a health component into the curriculum, and management of truamatised students/learners who come from areas affected by war, conflict and crisis.

On the issue of play materials, Prof. Mugagga stressed that already made play materials derial creativing. “Both CEES and IRC should work towards a context that empowers children and learners to ignite their creative potential by developing home-made play materials,” he submitted.

About IRC

Stating a brief profile history about IRC, Mr. Okeyo explained that IRC is a global non-profit organisation that provides humanitarian aid and assistance to people affected by conflict and disaster. IRC has been active in Uganda since 1998, originally assisting displaced populations in Northern Uganda and later expanding its efforts to refugee settlements and urban areas.. Currently, IRC operates more than 35 health facilities in refugee settlements and runs a variety of programs in health, education, protection, and economic recovery. IRC also undertakes projects focusing on early childhood development, prevention of gender-based violence, and protection of refugees and families.

Ritah Namisango
Ritah Namisango

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Mastercard Foundation Scholars at Makerere University encouraged to participate in philanthropy work

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Prof. Helen Nambalirwa Nkabala addressing the gathering on behalf of DVC F&A, Prof. Ireeta. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.

By Carol Kasujja Adii and Bernard Buteera

Mastercard Foundation Scholars at Makerere University have been encouraged to embrace the spirit of philanthropy as a vital foundation for fostering stronger and more resilient communities. This inspiring call to action took place during the 2025 Community Open Day at the Freedom Square on Saturday, September 6, 2025, where hundreds of Mastercard Scholars, Scholar-alumni, and partners of the Scholars Program gathered to initiate a fundraising drive for the signature Annual Scholars Day of Service.

The Annual Scholars Day of Service stands as a hallmark event through which the Scholars give back to the community in impactful and sustainable ways. During a keynote address titled “How Philanthropy Shapes Resilient Communities,” Prof. Winston Tumps Ireeta, the Deputy Vice Chancellor of Finance and Administration, emphasised that while local philanthropy is not a new concept in Uganda, a more intentional mobilisation of this giving back power is necessary to address broader social challenges.

“Communities that mobilise their own resources—financial, human, and material—are empowered to take ownership of their development. Ownership naturally leads to sustainability, ensuring that solutions emerge from local knowledge, context, and values rather than being imposed from the outside. This approach is essential for effectively tackling our social challenges,” Prof. Ireeta stated.

A cross-section of scholar-alumni, listening attentively during the event. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
A cross-section of scholar-alumni, listening attentively during the event.

In his remarks delivered by Prof. Helen Nambalirwa Nkabala, the Principal of the College of Humanities and Social Sciences, Prof. Ireeta highlighted the importance of nurturing the inherent power of local giving. He urged the celebration of current local philanthropic efforts, which can be initiated at the individual, religious, and community levels.

“To foster a culture of giving, we need to create platforms that promote structured, transparent, and impactful contributions,” he argued. “It’s crucial to strengthen our generosity, particularly among the youth, and cultivate a society where giving is valued as a core aspect of leadership and citizenship.”

Prof. Ireeta further noted, “The future of our Communities’ strength lies not in distant promises but in our own hands and collective actions. By fostering local philanthropy, we can build a society that is not only fairer but also more resilient and united.

Mr. John Osuna, speaking on behalf of the Program Director, Prof. Justine Namaalwa, at the event. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Mr. John Osuna, speaking on behalf of the Program Director, Prof. Justine Namaalwa, at the event.

In his welcoming remarks, Mr. John Osuna, Transition Lead for the Mastercard Foundation Scholars Program at Makerere University, who spoke on behalf of the Program Director, Prof. Justine Namaalwa, expressed gratitude to the Scholars for their collaborative efforts in turning the idea of giving back into reality.

“Let us embody humility, kindness, and compassion through actionable philanthropy. By doing so, we can create lasting impacts, enhancing our reputation as a community that genuinely cares,” Mr. Osuna stated.

The Community Open Day was organised under the inspiring theme: “Nurturing Philanthropy for Resilient Communities,” paving the way for future initiatives that strengthen community bonds through collective generosity.

A cross-section of the alumni making their pledges towards the scholars give back project. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
A cross-section of the alumni making their pledges towards the scholars give back project.

“We believe that through nurturing philanthropy for resilient communities, our communities shall be able to organise themselves to build resilience beyond what we shall give back,” Mr. Osuna explained.

The vibrant event saw Scholars and Scholar-alumni actively participating by bringing items for auction and buying tickets for the raffle draw as a means of mobilising resources for the construction of a ventilated pit latrine, renovation of two classroom blocks and providing tanks for harvesting clean water for Bwera Primary School in Kabale District.

Speaking at the event, Mrs. Agnes Katumba, the Director of Katumba Estates, one of the long-standing partners of the Scholars Program at Makerere University, tasked the Scholars to embrace the heart of giving back without expecting something in return.

Ms. Agnes Katumba, the Director, Katumba Estates Ltd handing over part of her pledge towards the Scholars Giveback project. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Ms. Agnes Katumba, the Director, Katumba Estates Ltd handing over part of her pledge towards the Scholars Giveback project.

“I thank the Mastercard Foundation; they not only provide scholarships but also give back to the community. I have been able to grow because of them. For scholars, you do not have to wait to be wealthy to give back; every coin counts,” Mrs. Katumba said.

Katumba Estates Ltd contributed three million shillings to the Scholars Give Back project. Another long-standing partner, DFCU Bank, pledged over sh10 million towards the Scholars’ building project.

The Representative from DFCU making the pledge to support Scholars Giveback project on behalf of the Bank. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
The Representative from DFCU making the pledge to support Scholars Giveback project on behalf of the Bank.

In her presentation, Ms. Malvin Akwara, a Mastercard Foundation Scholar-alumna, urged current Scholars to contribute to their communities in various ways, including mentorship and guiding young people.

Ms. Malvin Akwara, a Scholar-alumna addressing fellow Scholars and alumni at the event. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Ms. Malvin Akwara, a Scholar-alumna addressing fellow Scholars and alumni at the event.

“We are all here because someone chose to give. During my first year at Makerere, I contributed to some young man’s school fees back home in my community. The young man is now in his second year at Makerere. You don’t have to be wealthy to make an impact; be intentional in your giving, and you will witness the difference it makes. There is no greater fulfilment than helping someone in need,” Akwara stated.

Some of the Scholars praying for their raffle draw tickets to win. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
Some of the Scholars praying for their raffle draw tickets to win.

The event was punctuated with a number of activities that ranged from auctioning items, raffle draws, exhibitions, quizzes and a lot of games and fun.

The winner of the grand draw walked away with a flat screen TV. Mastercard Foundation Scholars Community Open Day, September 6, 2025, Freedom Square, Makerere University, Kampala Uganda, East Africa.
The winner of the grand draw walked away with a flat screen TV.

Carol Kasujja and Bernard Buteera form the communications team for the Scholars Programme at Makerere University.

Mak Editor

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First-Year Student’s Joining Instructions 2025/26

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Dear Students; Class of 2025/2026
I am very delighted to welcome you to Makerere University. You are joining a Premier University and I hope you all are excited to start your new academic journey. We would like to first congratulate all of you for successfully overcoming the many challenges you have all faced, from completing high school to choosing a university and a study program and the extensive delays in the admission process you experienced.

As you are about to begin one of the most exciting times in your life, you should acknowledge and appreciate your efforts and achievements so far. I am aware that as a fresher, you are filled with hope and ambition, and I encourage you to take a moment to reflect on the road that has brought you here. I know that you have worked hard and overcome many obstacles
to reach this point. So, take a moment to savor this achievement and be proud of yourselves.

Now, as you step into the next phase of your lives, I want to remind you that this is a time of growth and exploration. You will face new challenges, make new friends, and gain experiences that will shape you into the person you will become. This is the time to embrace new opportunities, learn from your mistakes, and never stop growing.

I also want to emphasise the importance of hard work, determination, and resilience. These are the qualities that will help you overcome any obstacle and succeed in your endeavors. Remember to keep your focus on your goals and work towards them with determination.
I encourage you to approach your studies with a growth mindset. This means that you believe that your abilities can be developed through hard work and perseverance. Remember that failure is not the end, but rather an opportunity to learn and grow.

Professor Buyinza Mukadasi (PhD)
Academic Registrar

Mak Editor

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