General
MURBS Inaugurates New Board, Shares Accomplishments
The Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees (BoT) on Friday 26th March, 2021 inaugurated two new members to replace those whose terms are set to expire on 31st March 2021. Makerere University Administrative Staff Association (MASA) representative Ms. Dorothy Nannozi Kabanda will be replaced by Ms. Franco Angida Mugyema while the National Union of Education Institutions (NUEI)’s Mr. John Peter Okello will be replaced by Mr. Joseph Ikarokok.
The two will join existing BoT Members; Dr. Godwin Kakuba (current Chairperson), Mr. Wilber Grace Naigambi (Current Secretary) and Mr. William Ndoleriire (University Council Nominee). Dr. Kakuba joined the current Board as Makerere University Academic Staff Association (MUASA) representative in the place of Dr. John Kitayimbwa who retired from University Service. He remains eligible to serve on the incoming BoT’s term which will run from 1st April 2021 to 31st March 2025.
Welcoming the audience, Mr. Naigambi said that change in leadership of the BoT occurs every four years as mandated by Clause 7 of the MURBS Trust Deed dated 17th April 2015. He added that the handover was in line with Uganda Retirement Benefits Regulatory Authority (URBRA) Act provisions of service for Trustees (not exceeding four years but subject to renewal for a maximum of two terms).
He recognized the presence of the URBRA Director Legal-Mrs. Ritah Nansasi Wasswa who represented the CEO Mr. Martin Nsubuga, Ag. Deputy Vice Chancellor (Finance and Administration)-Dr. Josephine Nabukenya as well as Council Members-Dr. Tumps Ireeta, Dr. Helen Nambalirwa Nkabala and Mr. Jackson Byamukama. Also recognized were the Principal College of Engineering, Design, Art and Technology (CEDAT)-Prof. Henry Alinaitwe, Chair MUASA-Dr. Deus Kamunyu Muhwezi, Chair MASA-Mr. Vincent Abigaba, Chair NUEI-Mr. Bruce Twesigye, College Ambassadors as well as MURBS Service Providers. These included; Stanbic Bank, Octagon Africa, GenAfrica Asset Managers, ICEA Uganda and Arcadia Advocates.
The Chairperson BoT in his remarks thanked the audience for attending the handover ceremony, which signified their interest in MURBS’ vision to deliver “outstanding service and retirement security for members – today and tomorrow”. He thanked the outgoing BoT Members for working tirelessly and efficiently to ensure that the Scheme’s vision is realized.
“When the outgoing Board of Trustees took over in 2017, our fund value stood at UGX 140 Billion and today, it stands at over UGX 210 Billion. The outgoing Board has added almost half of the standing value of the fund and I thank our Sponsor Makerere University and all our service providers for this achievement” Dr. Kakuba commended.
Other accomplishments attributed by the Chairperson to the outgoing BoT included:
- Streamlined Governance: The BoT standardized 12 policy documents which have enhanced the Scheme’s operations
- Improved Collections: Thanks to; timely contributions by the Sponsor Makerere University, clearing half of the outstanding debt owed to the scheme by the Government as well as continuing efforts to clear the balance
- The Ambassadors Programme: Introduction of a rigorous and vibrant Ambassadors Training Programme which has enabled members to gain in-depth knowledge and skills to manage their retirement, and improved information flow between the BoT and Scheme members.
- Consistent winning of the Financial Reporting (FiRe) Awards: MURBS has won top honours in the FiRe Awards’ Retirement Benefits Scheme (RBS) category for the last 4 consecutive years (2016, 2018, 2019 and 2020).
- Timely Payment of Benefits: Reduced period of receiving retirement benefits upon submission of completed applications by members from 10 to 7 days
- Investment Diversification and Consistent Return on Investment: Pursued prudent means of growing member funds, Awarded an average interest of 12% to Members over the last four years (Interest awarded never went below 10%) and diversified investments into real estate by establishing Ivory Estate Sonde.
- Introduced Board Evaluation: Outgoing Board hired an independent professional external evaluator to appraise its performance and received an approval rating of 80%
Nevertheless, the previous Board tenure was not without its challenges. Dr. Kakuba noted that the BoT needs to do more to sensitize its members. “Members need to start planning for retirement early, and not when they get the six months to the end of their service notification from the Human Resources Directorate.
“Furthermore, Members should also ensure that their human resource records are up to date as any inconsistencies lead to delays in paying out their retirement benefits” explained Dr. Kakuba.
According to the Chairperson, going forward, the BoT will invest more in training human resource and use of Information Systems so as to continue strengthening the Scheme’s governance. The BoT will also create new products so as to increase options for retirees. MURBS already has in place an Annuity Arrangement courtesy of ICEA Uganda.
He also made known plans by Trustees to work with the Sponsor to expand the Scheme’s Office space beyond the current Lincoln Flats B4 premises. “And in terms of growth of benefits, currently over 48% of Scheme Members have savings above UGX 150 Million.
“We expect that over the next four years, the majority of members will have savings above UGX 150 Million and the fund value will grow to over UGX 400 Billion” concluded the Chairperson.
Preparing the audience for the official handover ceremony, the Principal Pensions Office (PPO) Ms. Susan Khaitsa thanked outgoing Trustees Mr. John Peter Okello and Ms. Dorothy Nannozi Kabanda for their dedication to the Scheme’s success during their tenure. “We thank you for your service, guidance and leadership as Trustees and as the Secretariat, we are honoured to have worked with you.”
She then introduced Ms. Martha Timugiibwa from the Scheme’s Lawyers Arcadia Advocates to preside over the handover ceremony. As part of the proceedings, outgoing Trustees signed their deeds of discharge and incoming ones signed their deeds of appointment. Incoming Trustees also had to audibly voice their willingness to serve on the new Board, a procedure that greatly amused the audience, given the expectation that contesting in itself is sufficient demonstration of readiness to serve.
According to Ms. Khaitsa, the New MURBS Board will meet next week to appoint a new Chairperson, Secretary and assign various responsibilities to Trustees.
Successfully discharged, it was a lively moment as the Ag. University Secretary-Mr. Yusuf Kiranda and URBRA’s Mrs. Ritah Nansasi Wasswa handed over plaques of recognition to the outgoing Trustees. Speaking on behalf of the duo, Mr. John Peter Okello expressed happiness that they had successfully served until their official discharge from the Board of Trustees.
“I thank the team we have worked with during the previous tenure and say to the incoming members, the Board of Trustees is not a bed of roses, don’t ask many questions but instead look for many answers” counseled Mr. Okello.
Speaking on behalf of the new Board of Trustees, Ms. Angida Mugyema thanked and praised God for this far He has brought the Scheme and for the grace granted to incoming Trustees to serve MURBS. She appreciated her predecessors’ efforts to lay a strong foundation based on the Scheme’ values of; Ethics, Stewardship, Transparency, Accountability and Client Focus.
The incoming Trustee equally thanked the Secretariat led by the PPO Ms. Susan Khaitsa and her team; Assistant PPO-Ms. Juliet Nabukeera, Office Administrator-Ms. Rhona Asingwire and Mr. Marvin Kakuba, for the excellent support rendered to the BoT.
As a member of the first cohort launched on 27th February 2018, Ms. Angida Mugyema was all praise for the rigorous MURBS Ambassadors Programme, whose financial literacy models and other assessments helped her appreciate what is expected of a Trustee.
“If we were told to start today, we are more than ready and willing to work hard, thanks to the preparation we have received” reassured Ms. Angida Mugyema. The Ambassadors Programme serves as a succession strategy for the MURBS BoT. Any Scheme Member interested in contesting to become a MURBS Trustee must be a qualified Ambassador.
On 1st April 2009, MURBS was established under irrevocable trusts by the Sponsor, Makerere University Council. Speaking on behalf of the Sponsor and University Management, Mr. Yusuf Kiranda said he was extremely honoured to witness a seamless transition of leadership of an entity at the level of MURBS.
“As a member of the Scheme, I am happy to wake up each and every day knowing that my retirement benefits are safe and growing as shown by not only the interest declared but also activities that successive MURBS Boards of Trustees undertake to grow our funds” remarked Mr. Kiranda.
Reflecting on the previous year, the Ag. University Secretary noted that the countrywide shutdown on 20th March 2020 marked the beginning of a difficult period for Makerere University and other employers. Recalling the layoffs and salary cuts that followed with other employers, Mr. Kiranda paid tribute to the Government of Uganda for continuing to pay staff wages on time and enabling the University to recruit new staff as well as make the mandatory 10% contribution to retirement benefits despite COVID-19.
“It is now our turn as Makerere University to thank the Ugandan taxpayer by recognizing that they stood with us during the COVID-19 lockdown and it is now time for us to stand with them as their children report back to Campus to study” he remarked.
Mr. Kiranda congratulated the outgoing Trustees upon successfully completing their tenure and being celebrated by colleagues. To the incoming Trustees he cautioned that stewardship of public funds is extremely difficult as it attracts a lot of scrutiny – shortcomings are heavily criticized and accomplishments are rarely recognized. He therefore prayed that God would enable them to fulfil their obligations to MURBS and its members.
Concluding the day’s remarks, Mrs. Nansasi Wasswa congratulated the outgoing Trustees upon a job well done in keeping MURBS’ light shining brightly. “MURBS is one of the model schemes that URBRA as a regulator is proud of; the fund value has grown, and the Board of Trustees has put in place structures and polices that ensure good governance.”
She equally expressed happiness that the Board of Trustees had retained three of its members, noting that this was good for the Scheme’s continuity. Taking note of the functions of a trustee as outlined in the URBRA Act, 2011, Mrs. Nansasi Wasswa commended the Board for appointing qualified and experienced service providers, who will ensure that they fulfil the legal and other requirements that come with their roles.
The URBRA representative reiterated the regulator’s commitment to support the new Board to continue stewarding and growing the scheme. She accordingly thanked the Sponsor Makerere University Council and MURBS service providers for ensuring that the scheme continues to thrive.
As is the MURBS tradition to honour God at all its gatherings, the opening and closing prayers were led by incoming Trustee, Mr. Joseph Ikarokok and MURBS College of Agricultural and Environmental Sciences (CAES) Ambassador, Prof. Donald Kugonza respectively. The event was moderated by Assistant PPO, Ms. Juliet Nabukeera.
Article by Public Relations Office
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In a vibrant celebration of youth leadership and African unity, Makerere University hosted the Second Annual Guild Leaders’ Summit, an event that brought together high-profile dignitaries, student leaders, and international partners for a powerful dialogue on the future of the continent. The summit, organized by the Guild Presidents Leadership Academy, served as a rallying point for East Africa’s young leaders to confront Africa’s most urgent challenges—on their own terms and with their own solutions.
A Warm Welcome and Reflections on Makerere’s Legacy
The Vice Chancellor, Professor Barnabas Nawangwe, welcomed the distinguished guests, who included Former President Uhuru Kenyatta of Kenya, Uganda’s Vice President H.E. Jessica Alupo, former Prime Minister Rt. Hon. Ruhakana Rugunda, Justice Simon Byabakama, Hon. Mathew Rukikaire, and European Union Deputy Ambassador Mr. Guillaume Chartrain, among others.
In his address, Prof. Nawangwe reflected on Makerere’s deep historical ties to East Africa’s liberation and development movements. He reminded the audience that Makerere University has been a crucible for the continent’s leadership, stating:
“Jomo Kenyatta was the first person to receive a degree from Makerere when, in 1963, he was awarded an honorary doctorate by then Chancellor Julius Nyerere. All freedom fighters in East Africa studied at Makerere.”
Building on this rich history, Prof. Nawangwe affirmed the university’s current mission to tackle pressing continental issues. “Today,” he said, “Makerere is committed to addressing Africa’s challenges—climate change, disease, poverty, food security, conflict resolution, and economic development. But we cannot do this alone.”
He echoed sentiments later shared by the keynote speaker, stressing that Africa must no longer depend on external interventions:
“Foreign agencies will not solve all Africa’s problems. It is our young people who must step forward and lead the change.”
Uhuru Kenyatta: “You Are the Last Line of Defence”
In a keynote address that resonated deeply with the students and delegates in attendance, Former President Uhuru Kenyatta issued a bold and urgent call to action for Africa’s youth.
“No one is coming to save us,” Kenyatta declared. “You are the last line of defence in the battle to rescue the heart and soul of Africa.”
Positioning today’s youth as the heirs of the continent’s freedom fighters, Kenyatta described the current moment as a new “independence era”—not of political liberation, but of economic and intellectual sovereignty. He urged students to think critically about intra-African trade, which currently accounts for less than 2.5% of global commerce, and to advocate for the removal of internal barriers to trade, innovation, and mobility.
“You are the freedom fighters of this generation,” he said. “Universities must be incubators of change, and students must be the trustees of tomorrow’s Africa.”
Pan-Africanism, Leadership, and Action
Uganda’s Vice President H.E. Jessica Alupo encouraged students to take up the mantle of Pan-Africanism with unwavering commitment. She acknowledged that while the rhetoric of African unity is inspiring, real progress demands more than words:
“You must embrace the spirit of Pan-Africanism. But it is easy to say these words—the challenge lies in collective implementation.”
She emphasized the importance of action-oriented leadership and urged the youth to harness their creativity, energy, and education for the benefit of the continent.
European Union’s Message: Leadership with Integrity
Representing Team Europe, the EU Deputy Ambassador to Uganda, Mr. Guillaume Chartrain, gave a passionate speech on the values of authentic leadership, integrity, and inclusive development. He praised Makerere University as a space where “intellectual ambition meets civic responsibility” and emphasized that leadership is not about prestige, but purpose:
“Be a leader because of what you want to be—not because of what you want to have,” he said.
Citing former Makerere alumni such as Julius Nyerere and Wangari Maathai, Chartrain called on students to model courage, resilience, and humility:
“True leadership emerges in moments of loss—when resilience, not triumph, becomes the measure of one’s character.”
The EU, he said, remains committed to supporting youth through programs like Erasmus+, the EU Youth Sounding Board, and partnerships with organizations like Faraja Africa Foundation and Restless Development. These initiatives empower youth not as symbols, but as active participants in shaping policy and governance.
The Legacy Continues
Throughout the summit, speakers highlighted the importance of legacy and long-term impact. They challenged young leaders to think not just about the present, but about the systems and institutions they will leave behind. In the words of Former President Kenyatta:
“Leadership is not about the next election. It’s about the next generation.”
The summit ended on a high note, with students invigorated and inspired to lead with purpose. As global support grows less predictable and Africa stands at a crossroads, the message from Makerere was clear: the future of the continent is in the hands of its youth. And as the Guild Leaders’ Summit demonstrated, they are ready.
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