1. In June 2005, the Government divested 60 percent of its shares in NIC. These shares were acquired by Industrial and General Insurance Company Limited of Nigeria.
2. Following the divestiture, Makerere University staff through MUASA demanded to withdraw their savings from NIC, which was managing Makerere’s pension scheme.
3. Neither Makerere nor NIC knew the amount held by NIC on behalf of the University staff.
4. Government requested the Auditor General to conduct an independent assessment to ascertain the amount held by NIC on behalf of Makerere University staff.
5. Meanwhile, NIC paid to Makerere the sum of UGX10 billion which was agreed on in the interim at a meeting of the parties chaired by H.E. President Museveni.
6. Acting on behalf of the Auditor General, PWC submitted a report which advised that as at August 31, 2010, the fair value of the Fund was estimated at UGX 26.88 billion. The report was based on an actuarial valuation of the Fund.
7. NIC insisted that they owed only UGX 10 billion and paid that amount to the Makerere University Retirement Benefits Scheme (MURBS).
8. Government paid the balance of UGX 16.8 billion to MURBS and directed MURBS and Makerere to sue NIC to recover the money.
9. MURBS jointly with Makerere University sued NIC for recovery of the balance of UGX 16.9 billion, which Government had paid to MURBS.
10. NIC vehemently opposed liability for Ugx 26.88 billion based on the PWC report. NIC contended that the value of the Fund was in terms of the Deed, solely to be determined by actuaries appointed by NIC; and that NIC could not be bound by the PWC report because it never appointed PWC to conduct an actuarial valuation of the Fund. NIC presented to court another actuarial report showing that the estimated value of the Fund was Ugx 16.88 billion.
11. NIC contested the figure of Ugx 26.88 billion and only acknowledged liability to the extent of Ugx 16.88 billion of which NIC had already paid UGX 10 billion, leaving a balance of UGX 6.88 billion and Makerere University did not even have evidence to the contrary. A judgment on admission in respect of the amount (UGX 6.88) was entered against NIC.
12. When MURBS AND Mak sued NIC, there was no guarantee that court would award the full amount claimed by MURBS and the University in the suit. The University’s claim was not watertight since the University was also in breach of the terms of the Deed by inter alia failing to remit the sums due to NIC on time. NIC relied on the said breach and filed a counter claim against the University and MURBS seeking relief on the said ground. The University was also unable to trace the Master Statement and Schedule upon which inter alia, the claim was founded.
13. In 2018 NIC proposed an out-of-court settlement and offered a property on Kampala Road valued at UGX 8.9 billion.
14. MURBS, represented by their lawyers and Mak, represented by our external lawyers, (Kateera and Kagumire Advocates), the University Secretary and the Directorate of Legal Affairs negotiated with NIC and, a consent judgment in that sum of UGX 8.9 billion was made. Needless to say, the VC and other members of Management provided support during the negotiations.
15. The compromise arrived at under the Consent Judgment was the most prudent outcome in the circumstances since the value of the acquired property (UGX 8.9 billion) was higher than the judgement on admission (UGX 6.88 billion).
16. It should be noted that the recipient of the money from Government and hence the primary party in the suit was MURBS, an independent body corporate supervised by the Uganda Retirement Benefits Regulatory Authority (URBRA) and not Makerere University and any claim of the University Management causing a financial loss to Government does not arise.
17. The allegations being peddled in some blogs and tabloids that some members of Management caused a financial loss to the Government by signing the consent judgment is unfounded as the amount recovered is as a result of a court ruling. Moreover, Mak was not the primary party in the suit against NIC.
18. Claims that some members of Management were forced to sign the consent judgment are baseless. In any case the judgment would still be valid even if Makerere had not signed, since we were not the primary party in the suit.
19. Any aggrieved party on this matter is free to apply for a judicial review.
20. It is worth noting that, recently it has become a habit by some scrupulous elements within our community, to sustain ferocious campaigns conducted through the social media and tabloids aimed at damaging the image and reputation of the University.
On Friday, 27th February 2026, Makerere University proudly celebrated 13 years of a significant partnership with the Mastercard Foundation, a prestigious independent organisation headquartered in Toronto, Canada. Since its inception in 2013 with the launch of the Scholars Program, this collaboration has grown significantly, expanding to include two additional initiatives: The E-learning Initiative and the Africa Climate Collaborative. This long-term partnership underscores the shared commitment to fostering education, innovation, and sustainability in Uganda and across Africa.
The colourful event coincided with the 76th Graduation Ceremony, during which Makerere University honoured Ms. Reeta Roy, the Founding President and CEO of the Mastercard Foundation, with an honorary Doctor of Laws.
Ms. Reeta Roy being robed during her honorary award of Doctor of Laws.
In her commencement speech, Ms. Roy thanked Makerere University for considering a partnership with the Mastercard Foundation and for conferring upon her a prestigious honorary award.
“Mastercard Foundation is honoured to collaborate with this esteemed university, and I appreciate the recognition through this award. I am excited to be associated with Makerere University and look forward to actively embodying its values. Joining the broader community of alumni from this distinguished institution is a privilege, and I am eager to contribute to its legacy,” stated Ms. Roy.
The Chancellor Hon. Dr. Kiyonga, confers the honorary Doctor of Laws of Makerere University upon Ms. Reeta Roy.
During the reception in honour of Ms. Roy, the Chairperson of Makerere University Council, Dr. Lorna Magara, acknowledged the invaluable support from the Mastercard Foundation. She emphasised the profound impact of the Foundation’s various initiatives, particularly the scholarships for disadvantaged youth, which enable them to access higher education and opportunities that might have otherwise been beyond their reach.
“On behalf of the Makerere University Council and the broader University community, I extend our sincere gratitude to Mastercard Foundation for its commitment to collaborating with Makerere University in various endeavours, especially for providing scholarships to our underprivileged young people who would never have stepped inside a lecture room at the University.” Dr. Magara stated.
The Chairperson, Makerere University Council, Dr. Magara addressing the gathering at the event.
Dr. Magara, in a special way, thanked Ms. Roy for her transformative leadership and unwavering commitment to supporting young people in Africa, citing her efforts to ensure young people get their voices heard.
“As a university, our business is with young people. We are therefore committed to providing the environment and education that deliver meaningful pathways. We will provide an environment that ensures young people have a voice and agency to create meaningful change in society.” Dr. Magara pledged.
Ms. Reeta Roy, alongside University Officials cuts cake with Mastercard Foundation Scholars who graduated during the 76th Graduation Ceremony.
Dr. Magara further congratulated Ms. Roy on her honorary Doctor of Laws from Makerere University, noting that it is the university’s highest honour for individuals who have excelled in their careers.
“On behalf of the Makerere University community, I would like to extend my heartfelt congratulations on your honorary Doctor of Laws. This esteemed recognition represents the highest honour our institution can bestow on individuals who have demonstrated exceptional achievement and excellence across various facets of their career.” Dr. Magara remarked.
Prof. Justine Namaalwa, the Program Director of the Mastercard Foundation Scholars Program and the Coordinator for all Mastercard Foundation Initiatives at Makerere University, expressed her appreciation for the thirteen-year collaboration between Makerere University and the Mastercard Foundation. She highlighted that the partnership had yielded significant, impactful results.
Prof. Justine Namaalwa, addressing the gathering at the event.
“In 2013, Makerere University partnered with the Mastercard Foundation to educate the next generation of transformative African leaders who can positively impact their lives, their communities, and the economies of Africa. The partnership has had a significant impact. I thank the University Management and the Foundation team for this visionary collaboration,” remarked Prof. Namaalwa.
Prof. Namaalwa articulated that the partnership with the Mastercard Foundation is primarily focused on empowering young people as agents of change for transformational leadership in Africa. She presented compelling statistics demonstrating the positive impact of the scholars’ program, highlighting the success of individuals who have completed their education and their subsequent professional experiences after university graduation.
Ms. Reeta Roy receiving a gift from the Mastercard Foundation Scholars and alumni Community at Makerere University.
“This partnership focuses on young people, aiming to create positive change in their lives. To date, the Scholars Program has graduated 974 alumni, with 48% securing formal employment, 18% starting their own businesses, 8% participating in internships, and 5% pursuing further education. Overall, 72% of Scholar alumni are actively engaged in employment or entrepreneurship,” Prof. Namaalwa stated.
The colourful event showcased a dynamic array of activities that highlighted the entrepreneurial spirit of Scholars and alumni from the Mastercard Foundation at Makerere University. Attendees enjoyed a mini-exhibition featuring innovative products from these ventures.
Scholars reciting a poem as part of the entertainment lined up for guests.
A video documentary illustrated the positive impact of the three Mastercard Foundation initiatives. The event also featured inspiring poetry recitations by Scholars and a lively atmosphere of music and dance, creating an engaging and memorable experience for all participants.
The high-level event was attended by senior University officials, led by the Chairperson of Council, Dr. Lorna Magara; the Vice-Chancellor, Prof. Barnabas Nawangwe; the Vice-Chancellor, Academic Affairs, Prof. Sarah Ssali, Deputy, and the Ag. Deputy Vice-Chancellor, Finance and Administration Prof. Winston Tumps Ireeta. Mr Yusuf Kiranda, the University Secretary; and Prof. Buyinza Mukadasi, the Academic Registrar, among many other university officials graced the function.
Ms. Reeta Roy addressing the guests at the event.
The event was also graced by a high-level delegation from the Mastercard Foundation, led by Ms. Reeta Roy, the Founding President of the Foundation, and included the Mastercard Foundation Teams from the Country offices in Kigali, Nairobi, and Kampala; the Program partners; the Mentors, Scholars and alumni; as well as the Program staff of the three Mastercard Foundation Initiatives at Makerere University.
At the end of the event, Makerere University honoured Ms. Reeta Roy with University memorabilia, including a pencil-drawn portrait, a pencil-drawn photo of the Ivory Tower, and other Ugandan crafts. Ms. Roy cut a graduation cake together with the 10 graduates of the 76th graduation ceremony from the Mastercard Foundation Scholars Program.
Bernard Buteera is the Principal Public Relations Officer for the Mastercard Foundation Scholars Program at Makerere University.
It is with great pleasure that I welcome you to this edition of Mak News Magazine, a publication that continues to chronicle Makerere University’s journey as a centre of academic excellence, innovation, and societal transformation.
The stories featured in this issue vividly demonstrate Makerere’s unwavering commitment to addressing national, regional, and global challenges through research, partnerships, and people-centred solutions. They reflect a university that is deeply engaged with society, one that applies knowledge not only to advance scholarship, but also to improve lives.
A recurring theme in this edition is innovation for resilience and inclusion. From the College of Agricultural and Environmental Sciences’ Healthy Soy Initiative combating child malnutrition amid climate change, to the cutting-edge work of CEDAT’s Team Green Minds integrating IoT into agriculture, Makerere continues to harness science and technology to respond to pressing development needs. Equally inspiring is the College of Natural Sciences’ success in securing international funding to scale up fish processing technologies, with a deliberate focus on empowering women and strengthening livelihoods.
This issue also highlights Makerere’s growing role in advancing health and wellbeing. The launch of the Early Intervention Psychiatry Services Clinic at Makerere University Hospital marks an important step in strengthening mental health services, while the Hospital’s transformation from a modest sickbay into a centre of excellence stands as a testament to decades of strategic investment, dedication, and service to the nation.
Our commitment to education access and global engagement is equally evident. Strategic partnerships, such as that between the College of Education and External Studies and the Uganda Vocational and Technical Assessment Board, are expanding pathways to quality education. The establishment of the first-ever United States Studies Centre in the Great Lakes Region positions Makerere as a hub for dialogue, research, and policy engagement on global affairs. We also celebrate our vibrant international community, with graduates drawn from 67 nationalities—affirming Makerere’s status as a truly global university.
This edition further showcases initiatives that ensure long-term institutional sustainability, including the launch of the CoCIS Endowment Fund, infrastructure developments such as the modern hostel at Buyana Farm, and transformative programmes supported by the Mastercard Foundation that continue to empower young people across the continent.
As you read through these pages, I invite you to reflect on the collective effort of our students, staff, alumni, partners, and supporters whose contributions make these achievements possible. Together, we continue to shape Makerere University as a place where knowledge serves humanity.
The Board Chairperson of the Makerere University Endowment Fund (MakEF), Dr. Margaret Blick Kigozi, has urged graduands in Health and Life Sciences to uphold professional ethics and serve humanity with diligence and compassion.
Her appeal came during the passing out of graduates from the College of Natural Sciences (CoNAS), the College of Veterinary Medicine, Animal Resources and Bio-Security (CoVAB), the College of Health Sciences (CHS) and the School of Public Health (SPH) on Day Two of the 76th Graduation Ceremony of Makerere University.
“Class of 2026, you are now part of the Makerere legacy. Wherever you go clinics, laboratories, farms, boardrooms, or classrooms, you carry this institution with you. Serve your patients with skill and compassion. Care for animals and communities responsibly. Question boldly and keep learning,” Dr Kigozi, said.
Delivering the commencement address, Dr. Kigozi lauded the graduates for their dedication to careers that directly impact lives and communities. She encouraged them to use their knowledge generously and exercise their power gently.
“Your education has trained you to ask better questions. Your humanity must guide the answers. Never forget that behind every chart, every case, every animal, every experiment, there is life. And life deserves care, patience, and dignity. Give every person you come in contact with care, patience and dignity,” Dr Kigozi, noted.
As the graduates embark on their professional journeys, Dr. Kigozi emphasized the importance of cultivating basic business acumen and financial literacy to ensure sustainability in their work.
R-L: Vice Chancellor-Prof. Barnabas Nawangwe, Dr. Maggie Kigozi, Vice Chair Council-Rt. Hon. Daniel Kidega and Chair Council-Dr. Lorna Magara in the Academic Procession.
“You do not need to become accountants but you must be able to read the essentials: understand simple financial statements, budgets and key metrics so you can judge whether a clinic, lab, or program is sustainable. You are encouraged to start your business. There are numerous investment opportunities in your areas of training. You can provide services to our people and create jobs,” Dr Kigozi, said.
She shared candidly how, when she first stepped into leadership, she realised she did not understand balance sheets or budgets well enough. So, she returned to Makerere for short courses to strengthen herself.
“A well-run Hospital, clinic or lab delivers better outcomes, attracts staff, and secures funding. Business savvy is not only about profit, it’s about sustainability and the freedom to serve ethically and effectively. Carry clinical skill with business sense so your work endures and grows,” Dr. Kigozi, noted.
Quoting renowned writer and producer Shonda Rhimes, creator of Grey’s Anatomy, who once reflected that succeeding in one area of life can sometimes mean falling short in another, Dr. Kigozi encouraged women graduates to intentionally balance professional ambition with family responsibilities.
“When one area thrives, another is often under strain. When Navio was graduating from school I had to manage the Presidential Investor Round Table on the same day as Executive Director Uganda Investment Authority. I chose my job and delegated his siblings to attend Navios graduation. I learnt from this. I choose family always after that thing you achieve once and keep forever,” Dr Kigozi, said.
In his speech, the Prof Barnabas Nawangwe, the Vice Chancellor, informed the congregation that Makerere’s ranking on all university ranking platforms has remained stable, placing Makerere among the top 10 African universities and within the top 4.5% globally.
“In the Times Higher Education global ranking, Makerere University made a formidable jump from the 1200-1500 bracket to the 800-1000 bracket. This was no mean achievement and I congratulate all members of the Makerere Community on this stellar performance,” Prof Nawangwe, said.