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Mak Leadership Commends MURBS Fund Value Growth ahead of 11th AGM

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The University Council and Management have commended the Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees (BoT), Service Providers and Secretariat on the Scheme’s fund value growth from UGX 209 Billion to UGX 255 Billion during the Financial Year 2020/21. The commendations were delivered on Tuesday 19th October 2021 in the Telepresence Centre, Senate Building at the presentation of MURBS’ performance for the aforementioned period ahead of the 11th Annual General Meeting (AGM) scheduled to take place on Thursday 21st October 2021.

“The Chairperson of MURBS has told us that the Scheme now has assets worth UGX 255 Billion and has shown a rising trend of members’ benefits over the last few years. It is quite remarkable that 200 University employees have crossed into the group having over UGX 200 million in a space of one year!” exclaimed the Vice Chancellor, Prof. Barnabas Nawangwe in his remarks.

The Vice Chancellor, Prof. Barnabas Nawangwe delivers his remarks.
The Vice Chancellor, Prof. Barnabas Nawangwe delivers his remarks.

Earlier, Dr. Godwin Kakuba the Chairperson MURBS BoT had in his communication shared that the Scheme recorded two (2) members whose benefits crossed into the UGX 350-400 Million range, while four (4) members’ benefits crossed into the UGX 300-350 Million range within the period 30th June 2021 to 30th June 2021. Furthermore, within the same period, members with benefits in the UGX 250-300 Million range grew from six (6) to seventy eight (78), while those in the UGX 200-250 Million range grew from seventy three (73) to two hundred seventy three (273).

“These are good performance indicators and I am sure members of MURBS are pleased about them. We too welcome these results and hope that they will result into something positive for the University” said Prof. Nawangwe.

The Chairperson Board of Trustees, Dr. Godwin Kakuba presents the Statement of MURBS' Performance for the FY 2020/21.
The Chairperson Board of Trustees, Dr. Godwin Kakuba presents the Statement of MURBS’ Performance for the FY 2020/21.

On this note, the Vice Chancellor urged members of MURBS to serve the University with dedication and contribute generously towards the reconstruction of the Main Building. He equally appealed to staff to actively participate in celebrations to mark 100 years of Makerere University’s existence. The year-long celebrations were launched by the President H.E. Yoweri Kaguta Museveni on 9th October 2021 during the 59th Independence Day commemorations at Kololo Ceremonial Grounds.  

The Chairperson, Makerere University Council, Mrs. Lorna Magara who was represented by Council Member and Dean School of Women and Gender Studies, Assoc. Prof. Sarah Ssali in her remarks thanked God for MURBS’ notable achievement despite a Financial Year characterized by lockdowns and COVID-19 infection waves.

“These (performance indicators) are well above the objectives of the scheme and have added real growth to every individual member’s funds. I also congratulate the Trustees on this achievement” lauded Mrs. Magara.

Assoc. Prof. Sarah Ssali represented the Chairperson of Council, Mrs. Lorna Magara.
Assoc. Prof. Sarah Ssali represented the Chairperson of Council, Mrs. Lorna Magara.

At 77.79%, Treasury Bonds form the largest Asset Class in MURBS’ investment portfolio. This is followed by Investment property at 7.96%, Quoted shares (East Africa Equities) at 5.58%, Guaranteed Fund at 4.45%, Fixed Deposits at 2.15%, Treasury Bills at 2.01% and Corporate bonds at 0.07%.

The Chairperson congratulated MURBS upon winning an additional two accolades at the Financial Reporting (FiRe) Awards in November 2020. Earlier, the Chairperson Board of Trustees reported that MURBS had emerged winner in the retirement benefits category of the FiRe Awards for four consecutive years.

Assoc. Prof. Sarah Ssali (3rd L), URBRA's Mrs. Ritah Nansasi Wasswa (2nd L), University Secretary Mr. Yusuf Kiranda (C) and Chairperson MURBS BoT Dr. Godwin Kakuba (3rd R) with Trustees R-L: Mr. Wilber Grace Naigambi, Ms. Franco Angida Mugyema and Mr. Joseph Ikarokok.
Assoc. Prof. Sarah Ssali (3rd L), URBRA’s Mrs. Ritah Nansasi Wasswa (2nd L), University Secretary Mr. Yusuf Kiranda (C) and Chairperson MURBS BoT Dr. Godwin Kakuba (3rd R) with Trustees R-L: Mr. Wilber Grace Naigambi, Ms. Franco Angida Mugyema and Mr. Joseph Ikarokok.

“That is something that brings me, and Makerere University Council as a whole, lots of joy. I am confident that those awards testify about the strength of the Scheme and the level of transparency that you put into this work. Please keep it up” complimented the Chairperson.

Mrs. Magara thanked the Government of Uganda for creating an investment climate that is conducive to good performance of retirement benefits schemes, as well as continuing to pay the salaries of Makerere University Staff from which the scheme receives monthly contributions to invest. She equally thanked the University administration for supporting MURBS by paying most of the staff benefits on time.

Members of the MURBS Secretariat led by Principal Pensions Office (PPO) Ms. Susan Khaitsa (C), and L-R: Assistant PPO (APPO) Mr. Patrick Sempijja, APPO Mrs. Juliet Nabukeera Kitaka, Office Administrators Ms. Rhona Asingwire and Mr. Marvin Kakuba.
Members of the MURBS Secretariat led by Principal Pensions Office (PPO) Ms. Susan Khaitsa (C), and L-R: Assistant PPO (APPO) Mr. Patrick Sempijja, APPO Mrs. Juliet Nabukeera Kitaka, Office Administrators Ms. Rhona Asingwire and Mr. Marvin Kakuba.

The Chairperson concluded by reiterating Council’s support to MURBS as a model scheme in the country and commitment to ensuring that the balance of the In-house debt is cleared.

“I am satisfied that the University Council is achieving the objectives of setting up MURBS. I would like to again advise the Trustees to continue exercising due diligence in all matters of the Scheme” she summed up.

URBRA's Director Legal Mrs. Ritah Nansasi Wasswa represented the CEO Mr. Martin Nsubuga.
URBRA’s Director Legal Mrs. Ritah Nansasi Wasswa represented the CEO Mr. Martin Nsubuga.

Representing the CEO Uganda Retirement Benefits Regulatory Authority (URBRA) Mr. Martin Nsubuga, the Director Legal-Mrs. Ritah Nansasi Wasswa commended the Board of Trustees on the timely submission of financial statements, application for Trustee licences, quick responses to queries raised by the regulator and general adherence to the legal framework that governs the sector.

“URBRA is working tirelessly to support all licensed schemes in the promotion of good governance and overall management of the schemes’” added Mrs. Wasswa.

The URBRA representative thanked MURBS Trustees for working with the regulator to facilitate the development the Trustee Training and Certification Programme. Launched by URBRA in 2021, the programme is aimed at improving and enhancing professionalism of trustees.

Assoc. Prof. Sarah Ssali (2nd L) with L-R: URBRA's Mrs. Ritah Nansasi Wasswa, University Secretary Mr. Yusuf Kiranda and Chairperson MURBS BoT Dr. Godwin Kakuba at the presentation of MURBS’ performance for FY 2021/21 held on 19th October 2021 in the Telepresence Centre, Senate Building, Makerere University.
Assoc. Prof. Sarah Ssali (2nd L) with L-R: URBRA’s Mrs. Ritah Nansasi Wasswa, University Secretary Mr. Yusuf Kiranda and Chairperson MURBS BoT Dr. Godwin Kakuba at the presentation of MURBS’ performance for FY 2021/21 held on 19th October 2021 in the Telepresence Centre, Senate Building, Makerere University.

She commended MURBS on its new status as the mandatory retirement benefits scheme of Makerere University. “Given the new status of the scheme, we implore the Trustees to ensure strict compliance with the law, scheme trustee deed and the rules.”

The Chairperson Board of Trustees (BoT), Dr. Godwin Kakuba while presenting the Scheme’s performance reiterated MURBS’ commitment to ensuring that all practices of good governance are adhered to.

“For the Financial Year 2020/21, and in accordance with the Board Charter, the BoT engaged Profiles International Uganda Limited to evaluate its performance. This is the fourth time such an evaluation is being done and the results show that on the whole, the Board was rated very highly with an overall performance rating of ‘Excellent’.

The Secretary MURBS Board of Trustees Mr. Wilber Grace Naigambi.
The Secretary MURBS Board of Trustees Mr. Wilber Grace Naigambi.

“The Trustees will continue to work towards the realization of MURBS’ medium to long-term targets, such as, individual member holding reaching the UGX 500 Million band by 2024 and achieving 100% income replacement ratio by 2027” remarked Dr. Kakuba.

The Chairperson concluded by thanking the Chairperson and members of the University Council as well as the Vice Chancellor and members of Management for supporting MURBS to become a fully-fledged Employer Mandatory Scheme.

The presentation was moderated by Mr. Wilber Grace Naigambi MURBS Secretary BoT and Principal Public Relations Officer Ms. Ritah Namisango.  

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Launch of Mak-RIF Round 4 Awards & PhD Call for Proposals

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Mak-RIF 4 Awards and PhD Call For Proposals, 29th September 2022, 9:00 to 10:00 AM EAT.

Makerere University received funding from the Government of the Republic of Uganda, earmarked to support high impact Research and Innovations. This unique initiative arose after engagements between the top University Management and the Government of Uganda. This fund illustrates the increasing importance that the Government attaches to Research and Innovation as a driver of development and transformation. The objective of the fund is to increase the local generation of translatable research and scalable innovations that address key gaps required to drive Uganda’s development agenda. 

In the Financial years 2019/2020, 2020/2021 and 2021/2022 the Government of the Republic of Uganda through Mak-RIF has funded implementation of over 750 multidisciplinary research and innovations within the various Colleges, while engaging multiple stakeholders within and outside Makerere University. The Grants Management Committee (GMC) has finalized the award process for the Mak-RIF round 4 call for funding for this Financial Year 2022/2023.

The Grants Management Committee (GMC) hereby invites you to the Launch of the Mak-RIF Round 4 awards and PhD Call for Proposals scheduled to take place tomorrow Thursday 29th September 2022 from 9:00 to 10:00 a.m. EAT. 

Please use the following details to join the launch.

Register in advance for this meeting:
https://us06web.zoom.us/meeting/register/tZwpcu-urDIjE9ZgxdsbEmA2IkNMMiJVECt_ 
Meeting ID: 884 5662 9992
Password: 292624

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Notice: Makerere Disability Scheme 2022/23 Medical Review Exercise

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One of the PWD graduands at the 69th Graduation during the Session held on 17th January 2019.

The Academic Registrar, Makerere University invites persons with disability who applied for admission to public universities under the disability entry scheme for 2022/2023 Academic Year to appear for medical/review exercise at Makerere Unive, Senate Building, Level Two (2) in the Telepresence Centre.

NOTE: Only those who have the minimum entry requirements of at least two principal passes at A’ Level or its equivalent and at least five (5) passes at O’ Level or its equivalent will be interviewed.

 Only candidates who sat ‘a’ level in 2020, 2019 and 2018 are eligible for admission.

THE EXERCISE WILL BE CONDUCTED ON 3rd, 4th and 5th October, 2022 respectively from 9.00 A.M – 1.00 P.M each day.

IMPORTANT:

(i) If you fail to appear on any of the given days above, there will be no other chance for you.

(ii) Applicants with Government Scholarship for the previous years are not eligible for admission

ALFRED MASIKYE NAMOAH

Acting. ACADEMIC REGISTRAR

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Uganda’s policymakers implored to address forest loss, plastic & water pollution

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Left to Right: Prof. Gunnar Köhlin, Prof. Barnabas Nawangwe, Amb. Maria Håkansson, Commissioner Julius Mafumbo and Prof. Edward Bbaale posing for a group photo before the opening ceremony on 22nd September 2022: Photo by EfD-Mak Centre.

The Vice Chancellor Professor Barnabas Nawangwe on Thursday 22nd September, 2022 participated in the opening of the EfD Annual meeting hosted by Makerere University at Speke Resort Munyonyo where he appealed to government to implement the ban on kaveera and address other environmental issues.

The opening ceremony moderated by the EfD Global Hub Manager Gunnar Köhlin and was graced by Uganda’s Minister for Water and Environment represented by the Commissioner for Water, Mr. Julius Mafumbo and the Swedish Ambassador to Uganda, H.E. Maria Håkansson.

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