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“The Future Remains Highly Promising”-MURBS BoT to Members

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The Board of Trustees (BoT), Makerere University Retirement Benefits Scheme (MURBS) has reassured its members that it has laid strategies to minimize impact of the upcoming election periods in 2021 and 2022 for Uganda and Kenya respectively on the Scheme’s growth. These reassurances were made by the Chairperson, BoT, Mr. Grace Wilber Naigambi as he delivered his remarks at the 9th Annual General Meeting held in the Central Teaching Facility 2 (CTF 2) Auditorium, Makerere University on 22nd October 2019.

“On behalf of the BoT, I would like to reassure Stakeholders that the future prospects of the Scheme remain highly promising… MURBS’ governance will lay emphasis on instituting value adding strategies to grow member funds that will enable the Scheme celebrate its true purpose of securing the retirement of members” remarked Mr. Naigambi.

The Chairperson shared that MURBS’ medium to long-term targets include attaining a largest member benefit of UGX500million by 2023 and achieving 100% income replacement ratio by 2027. As at 30th June 2019, only 1.15% of the Scheme’s 3,793 members had benefits in the range of UGX200-250million while the current income replacement ratio stands at 23%.

MURBS foresees the possibility of achieving such targets based on incentives like the Government’s reduction of withholding tax on long-term bonds with outstanding maturity of ten years or more from 20% to 10%. “The change has increased investor appetite for long-term bonds” added Mr. Naigambi.

At 69.1%, Treasury Bonds constitute MURBS largest fixed income assets and largest asset class. A reduction of withholding tax on these will translate into increased returns for members. As at 30th June 2019, the fixed incomes had a 90.57% impact on overall returns.

The Chairperson further shared that MURBS had after a serious evaluation of its investment asset classes resolved to divest from equities and strategically invest in real estate/property. Following the presentation of the Scheme performance for the Financial Year 2018/2019 on 11th October 2019, the BoT introduced its first Property Project; Ivory Estate Sonde. “The BoT is convinced that through this strategy, the Scheme will greatly enhance its investment income.”

The Chairperson in his remarks further stressed the need for members to embrace the Annuity arrangement as opposed to the lump sum payment upon retirement. During the financial year 2018/2019, MURBS operationalized the annuity option for retirees with minimum benefits of UGX100million. This figure was arrived at as a basic minimum amount that can return a reasonable monthly income after retirement. Annuities are available for guaranteed periods of ten, fifteen and twenty years.

Sharing more about MURBS premier property investment; Ivory Estate Sonde, the Secretary BoT, Dr. John Mulindwa Kitayimbwa said this was the first real estate project to feature solar street lighting. He added that the Estate will feature roads named according to halls of residence. These will be eight metres wide for access roads and twelve metres wide for main roads. Site visits for members have been planned for 24th, 29th and 31st October 2019.

Article by Public Relations Office

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Engineering, Art & Tech

Innovations using low cost locally available materials for point of use water treatment system unveiled

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The College of Engineering, Design, Art and Technology (CEDAT) conducted a Research Dissemination of two studies aimed at the Development of Materials for point of use water treatment systems.

The investigations were conducted by a team of researchers comprised of P. W. Olupot, H. M. Kalibbala, E. Menya, G.M. Wangi, J. Jjagwe, J. Wakatuntu, M. Turyasingura, R. Walozi, C. Kanyesigye and R. N. Kulabako.

The dissemination event held on Wednesday 29th November 2023 follows the successful completion of two MakRIF supported Research projects namely; Development of rice husk based granular activated carbon for point-of-use water treatment systems and Development of zeolite-based nanocomposite filters for drinking water treatment.

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Engineering, Art & Tech

Apac District gains from CEDAT’s Research on Piloting a Rural Broadband Connectivity Model and Efficacious patient management system

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The School of Engineering at the College of Engineering, Design, Art and Technology (CEDAT) shared findings of research that was conducted in Apac Districts through two projects namely Piloting a Rural Broadband Connectivity Model (RCBM) and Efficacious patient management system (EPMS).

The findings of the research sponsored by the Government of Uganda through the Makerere University research and Innovation Fund(MakRIF) were disseminated during a dissemination seminar held in the College on Friday 24th November 2023, where it was revealed that  Apac the host District greatly benefited from the services that not only led to the increased uptake of internet services but also gained through other socio economic areas.

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General

Application Forms for Admission to Public Universities 2024/2025

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Senate Building

The Academic Registrar, Makerere University informs all Head Teachers of A ‘Level schools that application forms for admission to public universities for senior six candidates (UACE 2023) for the 2024/2025 academic year will be ready for collection from the university from Monday 4th December, 2023.

The application forms should be collected from the Office of the Academic Registrar, Senate Building, Level 3, Makerere University.

Issuing of the application forms will start on Monday, 4th December 2023 on payment of a non-refundable application fee of Uganda Shs. 52,000/=(fifty two thousand Uganda shillings only) per application form.

You are advised to get a pay reference number (PRN) using the ACMIS system (http://pay.mak.ac.ug) to enable you pay the application fees in any bank used by Uganda Revenue Authority (URA).

The forms are for Ugandans only.

Please note that only Head Teachers or their authorized representatives will be served.

The closing date for submitting the completed application forms will be Wednesday 31st January, 2024.

Prof. Buyinza Mukadasi
ACADEMIC REGISTRAR

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