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MURBS Trustees Declare 11.05% Interest on Members Balances for the FY 2021/2022

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The Board of Trustees for the Makerere University Retirements Benefits Scheme (MURBS) has declared an interest of 11.05% on members’ balances for the financial year starting 1st July, 2021 to 30th June, 2022.

The Chairperson of the Board of Trustees, Dr. Godwin Kakuba made this declaration during the Presentation of the MURBS Performance for the Financial year ending 30th June 2022 to members of the University Council and Management at a meeting held on 18th October 2022 at Makerere University Telepresence Centre, Senate Building. The meeting was graced by Makerere University Council Members, the Vice Chancellor and members of management, the CEO Uganda Retirements Benefits Authority Mr. Martin. A Nsubuga, the CEO of the Insurance Company of East Africa and leaders of staff associations. Other members present were Trustees of MURBS, MURBS departmental Ambassadors, staff of Makerere university and MURBS among others.

On behalf of the Board of Trustees, Dr. Kakuba highlighted that given what has been happening on local and international market and the impact caused by the COVID pandemic, the declared interest is above the inflation rate implying that members contributions have been well preserved. He revealed that for 1,116 members of staff, the interest generated through the scheme investments and credited on their accounts is more than contributions received from the university.

The Board also confirmed that Makerere University remitted all the contributions that were due for the entire Financial year. Members funds grew from UGX 255bn to 299bn supported by the increase in contributions and positive returns from investments and is projected to hit a trillion by 30th June 2026.

Chairperson Board of Trustees, Dr. Godwin Kakuba presenting MURBS Performance

Dr. Kakuba reported that the schemes accounts were audited by PricewaterhouseCoopers Certified Public Accountants who issued unqualified opinion on the financial statements. He said the scheme membership increased by 1000. As at 30th June 2022, the scheme had 7, 162 (active 3,093 and Deferred -4,069) members compared to 5,984(Active -2007 and Deferred -3907) as at 30th June 2021.

“The Trustees collected contributions totaling UGX 33.5bn as compared to UGX 24.5bn for the FY 2020/2021. Out of the 33.5bn, UGX 29.4bn was paid in respect of staff of Makerere university on main payroll except UGX 82.5m. The Trustees appreciate this compliance and are also grateful for the plans drawn to settle the difference. The Trustees thank the Makerere University for honouring these obligations,” he commended.

Secretary Board of Trustees -Mr. Wilber Naigambi

Dr. Kakuba appreciated the University Management for the progress made towards debt recoveries. The Trustees recovered UGX 6.5bn in respect of the In-house debt and thus, combined with UGX 5bn paid by Government on 20th May 2021, the scheme recovered UGX 11.5bn by 30th June 2022. Dr. Kakuba reported that on 4th August 2022, the Government paid UGX 1.5bn, bringing the cumulative amount recovered to UGX 13bn representing 51% total debt recoveries expressing hope that the balance of 12.4bn will also be cleared.

“The members’ funds grew from UGX 255bn at the start of the FY 2021/2022 to UGX 299bn at the end. This growth was supported by the increase in contributions and positive returns from investments. During the year, trustees approved investments in Unit Trusts which created an avenue for the scheme to maximise opportunities for daily cash contributions. The scheme’s strategy to significantly divest from equities continues to cushion our assets against volatility.” part of the statement reads.

Reporting on the effect of Fund value and return on investment on individual members, Dr. Kakuba noted that MURBs now has a member holding benefits in excess of UGX 400m while the average of the top five holdings exceeds UGX 398m. He promised that the Trustees will strive to push the member with the biggest member holding to hit 0.5bn mark over the next 12 months.

Kakuba also reported that for the past years the scheme has been voluntarily participating in Financial Reporting competitions to gauge its standard of financial reporting as compared to other financial institutions in the country with emphasis on the disclosures made in the report, governance, sustainability, communication and presentation of the accounts.

“With respect to the 2020 Annual report, MURBS again emerged winner in the Retirement Benefits Sector category. These awards are a confirmation that MURBS is on the right course. We are proud to have our scheme as a leader of the pension scheme,” said Dr. Kakuba.

Chairperson of Council satisfied with the interest of 11.05%, cautions staff on Mid Term
Access

In a speech read by Prof. Frank Mwine, the Chairperson Makerere University Council Mrs. Magara congratulated MURBS upon its consistent commitment on accountability to the stakeholders, subjecting the books accounts for auditing by a reputable firm, participating in the Financial reporting competitions and winning five awards.

Prof. Frank Mwine representing Chairperson Makerere University Council.

The Chairperson of Council commended the Trustees for the positive performance indicators, a growing fund and membership, diversified investments, the growing net return on investment and competent return on investment. As leaders in the pension sector, the Chair implored the scheme to keep the position and support other retirement benefits schemes in Uganda to improve.

“I have noted that you have declared less interest this year than last year., but considering the economy and market conditions during the 2021/2022 Financial Year, I am satisfied that the interest 11.05% is a good return. So, our Trustees have done very well and as Council, we agree that this performance has added value on each members holding in MURBS.”

The Chairperson of Council reminded the Trustees to be aware that handling mandatory contributions requires a great deal of care. She implored the Trustees to take the highest level of due diligence as they work with service providers in the sector noting that there is no greater pain to an employee than to be told some of the money was lost in some not-so-clear investments.

In her speech, Mrs. Magara also encouraged staff and retirees not to spend a big part of the retirement package and to take advantage of the MURBS Annuity program in order to have a comfortable retirement. She reasoned that given the rate at which the scheme fund is growing, and the benefits they have, it’s likely that annuity pay-outs will soon be able to match a retirees exit salary for many members. She asked Trustees to sensitize members on the benefits of annuities.

The Chairperson of Council reminded MURBS members that there has been early access to retirement benefits before in Makerere and this has been one of the main reasons senior staff may be still having smaller packages for retirement and some members ending up accusing the university for giving them peanuts at the end of service.

Mrs. Magara cautioned and expressed concern about whispers of MURBS members getting early access to and part of their retirement money on the pretext of hardships faced during the lockdown years of COVID 19.

“I am not convinced this is a good idea for the members of MURBS since the university was able to pay full salaries during that time. The idea of midterm access coming out of a one–time event called COVID 19 should not become entrenched into long term scheme rules. I will therefore caution you to be very careful with this idea and sensitize members of MURBS,” she guided.

MURBS performance-a relief and in line with Council’s objectives – Mak VC

Describing MURBS as the brain child of the Makerere University Council established 12 years ago, the Vice Chancellor Prof. Barnabas Nawangwe said the purpose was to ensure that staff lived decent lives in retirement. Prof. Nawangwe reported that the status of the scheme was last year boosted when the Minister of Finance, Planning and Economic Development exempted the University from mandatory contributions to NSSF, making handling of mandatory retirements benefits easier and adding value to the university employees.

Chairperson MUASA contributing to the discussion.

Prof. Nawangwe congratulated the Trustees upon the excellent performance saying, the good results presented met the original objectives of the University Council. “It is so gratifying to hear that there are more than 60 employees whose retirement packages are over 300m but are still working and some still below 50 years. This was unthinkable a few years ago. It is good to hear that over 1000 individuals have received more interest than their contributions in this financial year. This is a big achievement for a University that used to suffer negative publicity on the basis of retirement packages of her employees,” Prof. Nawangwe stated.

Prof. Nawangwe recalled that 12 years ago MURBS started with less than UGX 20bn but now holds, over UGX 300bn and receiving monthly contributions over UGX 2bn. He reminded participants that this is part of the potential he was referring to while starting his first term as Vice Chancellor.

Mr. Godwin Okiror asking a question during the Q&A Session

“You may also recall that unlocking the potential within Makerere University was top of my agenda. In the case of social security of staff, this is being done every month when more than UGX 2bn is invested by our own scheme and for repayment of university debt. In addition, I promised to prioritise repayment of university debt.”

The Vice Chancellor, expressed happiness that the University with support from Government completed paying all debts for the period between 2005 and 2011 and has now repaid UGX13bn of in-house debt pledging that the balance is expected to be cleared in less than two years.
Vice Chancellor challenges staff to face the challenges of the century squarely

Turning to the staff, the Vice Chancellor stressed that with the completion of celebrations of 100 years of excellent service to humanity, Makerere University has a firm foundation on which to build.

Prof. Nawangwe
Vice Chancellor- Prof. Nawangwe

“It is now time to face the challenges of the century squarely. We owe it to the Ugandan tax payer and to the Government of Uganda to come up with innovations that will solve the problems that our people are facing,” Prof. Nawangwe said adding:

“The Government has consistently been increasing funding towards universities. So, Universities too, and Makerere in particular, need to support government development programmes for the country by finding real solutions that impact lives and transform society. Let us nature the good relationship that exists between Government and Makerere university,” Prof. Nawangwe said.

Prof. Nawangwe commended the University Council and Management for the support accorded to MURBS saying, they have worked with the Trustees over many complicated matters and were going to continue working together in other matters such as the amendment of the Trust Deed of MURBS as the new dispensation requires.

MURBS has a formidable team and experts –CEO UBRA
The Chief Executive Officer Uganda Benefits Regulatory authority, Mr. Martin A. Nsubuga congratulated Makerere University upon holding the centennial celebrations successfully. Mr. Nsubuga also congratulated the MURBS for the wonderful performance.

“For people in this Market, declaring the interest of 11. 05% in the era of COVID and the market dynamics that were present, I really have to congratulate you. You have a very good formidable team with very good experts.”

Chief Executive Officer Uganda Benefits Regulatory Authority, Mr. Martin A. Nsubuga

Re-affirming the position of the Trustees on the interest declared and investments made, Mr. Nsubuga said: “On our side, we can only confirm that the numbers that have been declared are consistent with what we had anticipated. Just to confirm to you when we came here we know where your money is invested with almost 80 % in fixed assets and we know how they are trading, we had an idea and we would have been disappointed if they had declared anything less than 10%.”

Seated (Left- Right) Dr. Robert Kakuru, Ms. Irene Namatende, Mr. Bruce Twesigye: – the representatives of Academic, Administrative and Support Staff respectively join the Vice Chancellor in a group photo.

Mr. Nsubuga commended MURBS Trustees for upholding good governance standards saying, they are reliable, the reason why they were recommended to become an in dependent pension scheme.

He said as a regulator, they were proud of MURBS credibility in her Financial statements describing the performance as unrivalled as far as the standard, disclosures and the returns are concerned.

He appreciated the University Management and Council for the support rendered to the scheme, fulfilling the contribution obligation and enabling the scheme to operate and perform without influence.

Mr. Nsubuga also commended the schemes foresightedness. He implored staff and Trustees to make an arrangement to work with ICEA and  and purchase annuities so that they can receive monthly payments throughout their lifetime.

By: Jane Anyango and Ritah Namisango

Elias Tuhereze

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Directorate of Graduate Training Completes Training of First Cohort Training of Supervisors

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By Moses Lutaaya

The Directorate of Graduate Training (DGT) has in collaboration with Centre for Teaching and Learning completed the training of the first cohort of Graduate Supervisors.

Participants were academic staff from two colleges namely, College of Engineering, Art and Design (CEDAT) and the College of Agricultural and Environmental Sciences (CAES).

The three-day training that took place at the Telepresence Centre, Senate Building ended on Friday 20thJune 2025.

In his closing remarks to the participants, the Director of Graduate Training Prof. Julius Kikooma said, “This is the first cohort we are working together with the Center for Teaching and Learning to put together continuous professional development Program so that we are able to enforce the new teaching and learning policy.”

He said that before lecturers are allocated students for supervision, they must first go through this form of formal teaching and learning training to equip them thoroughly with certification required of supervision of graduate students.

“We are coming up with process to ensure that the certificates earned by participants allow you to supervise graduate students. This is the direction of the university and we must ensure that such trainings are concluded and completed successfully by all participants”, Prof. Kikooma.

Prof. Julius Kikooma – Director of Graduate Training

“We can only have you certified upon completing all the exercises in the training process. This is when you will be eligible to receive the work load for supervision”, He added.

“This training of Supervisors is going to be continuous so that all academic staff in colleges and schools are equipped. This first cohort is going to be our building block to the future trainings in the colleges.”

With such capacity building trainings, Prof. Kikooma said that the university is on the right path to achieving its targets in the new strategic plan of increasing the number of graduate students while progressively reducing the under graduate students.

He further hinted that, “We are in the process of writing a curriculum on this, which will be presented for approval before it is rolled out.”

He echoed all participants to share the knowledge they have acquired adding, “Share all you have learnt, do not keep it. Be open minded, have proper communication channels and the sky will be the limit for you.” 

Dr. Robinah N. Kulabako, The Head of Department of Civil and Environmental Engineering at CEDAT welcomed the training adding, “This training is very pertinent. I have had the opportunity to supervise Masters and PhD students for over 15 years and I must say that the need to be subjected to this training cannot be over emphasized because there is need to learn, unlearn and relearn many aspects involved in the supervision process.”

She added, “We are moving towards knowledge-based supervision rather than experience-based supervision. This means we must be informed and equipped to be able to advise, guide and mentor to be able to lead a successful supervision journey for both supervisor and supervisee.”

Dr. Andrew Gilbert Were – a lecturer at CEDAT and a participant said, “It is important that all supervisors of graduate students receive this certification from Makerere University through a systematic training process that enables them to attain diverse skills to facilitate learning of graduate students from diverse cultures and with unique set of circumstances.”

“This training is long overdue. In fact, it was an oversight that we could be allowed to supervise students without undergoing supervisors’ training.”

Dr. Dorothy Ssebowa, The Director Centre for Teaching and Learning support- CEES said, “The training this time round has had a mix of early career professionals including Lecturers, Supervisors and Professors share experiences. We have learnt a lot more from experienced supervisors who have shared practices on how they have done supervision over the years.”

“The knowledge and experience-based approaches have made this collaboration very active, interactive and learner centered which has resulted into a collaborative learning from the interdisciplinarity of staff from CEDAT and CAES. The issue now is to continue with professional development across all levels.” She added.

The Makerere University Directorate of Graduate Training (DGT) in collaboration with the Centre for Teaching and Learning completed the training of the first cohort of Graduate Supervisors. This activity was supported by the iCARTA – Institutionalization of Advanced Research Training in Africa, a NORHED II Project at Makerere University.

Mak Editor

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CEDAT’s Department of Architecture to Undergo Major Studio Refurbishment with Industry Support

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R-L: Arch. Kenneth Ssemwogerere (Head of Department, Architecture), Dr. Kizito Maria Kasule (Deputy Principal, CEDAT), and Mr. Kayongo Daniel (Plascon Uganda National Sales Manager) during the official handover of a donation at the College of Engineering, Design, Art and Technology (CEDAT), Makerere University, on Tuesday, 25th June 2025.

The Department of Architecture at Makerere University’s College of Engineering, Design, Art, and Technology (CEDAT) is set to begin a significant refurbishment of its design studios starting 1st July 2025. This initiative marks a pivotal step in enhancing the learning environment for architecture students and fostering innovation in design education.

The refurbishment project has received a significant boost from Kansai Placon Uganda Limited, which donated UGX 15 million worth of paint to support the transformation. This contribution highlights the growing partnership between academia and industry in shaping the future of architectural education in Uganda.

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Alex Isemaghendera

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Freshers’ Joining Instructions 2025/2026

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Prof. Buyinza Mukadasi makes his remarks. Inaugural comprehensive training program aimed at enhancing the pedagogical and professional competencies of its academic staff, 11th-14th December 2024, Fairway Hotel, organized by the Office of the Deputy Vice Chancellor (Academic Affairs), facilitated by the Centre for Teaching and Learning Support (CTLS), College of Education and External Studies (CEES), Makerere University, Kampala Uganda, East Africa.

To All First Year Students;

It brings me great joy to welcome you to Makerere University.

First Year students (Freshers) are by tradition given an “acclimatization” period of one week which is referred to as the “Orientation Week”. The Freshers report on Campus one week earlier than the Continuing students and during this week they are introduced to the key facilities as well as other important aspects of life at the University.

Schedule of Semesters for 2025/2026 Academic Year

Saturday 2nd August, 2025 to Friday 8th August 2025 (7 Days) – Orientation Week

Semester One
Saturday 9th August, 2025 to Saturday 6th December, 2025 (17 Weeks)

Semester Two
Saturday 17th January, 2026 to Friday 16th May, 2026 (17 Weeks)

Orientation Week

Saturday 2nd August, 2025 – Friday 8th August, 2025

During the Orientation week, arrangements are made to enable the Freshers meet and be addressed by Key Officers, Wardens and Student Leaders who welcome the students.

Arrangements are also made to enable the Freshers acquaint themselves with such key facilities at the University like the Library, University Hospital, Games and Recreation Facilities etc.

Freshers are expected to take advantage of the week to survey and acquaint themselves with the general Campus lay out. Another major activity during the Orientation Week is Registration.

All Freshers must ensure that they are registered with their respective Colleges/Schools/Departments/Halls/University Hospital.

Saturday 2nd August, 2025
Resident Freshers report to their respective halls of residence or private hostels by 5.00 p.m. It’s the responsibility of each student to make his/her own travel arrangements to the University or private hostel.

Monday 4th August, 2025
All freshers shall report to the Freedom Square for a meeting (Central orientation program) with the University officials at 9:00am.

College Orientation
Tuesday 5th – Friday 8th August, 2025 College orientation programs will follow during the orientation week. College Principals and Registrars will issue the orientation programs for their colleges.

Lectures will begin on Monday 11th August, 2025.

Registration

For a candidate to be considered a bonafide student of the University, he/she must be registered. Registration is a mandatory requirement of the University which must be done within the first two (2) weeks from the beginning of the semester by every student. Privately sponsored students will pick their original admission letters after payment of 60% tuition and all functional fees from their respective colleges.

Registration will commence on Monday 11th August, 2025 starting at 9.00 a.m. each day at the respective Schools.

Ensure that you complete all the required registration formalities within the prescribed time in order to avoid disappointments later. College/School Registrars will provide registration programs.

Registration Requirements

Admission to Makerere University is a provisional offer made on the basis of the statement of your qualifications as presented on your application form. The offer is subject to verification of your academic documents and payment of university fees.

For registration purposes, all first-year students MUST produce their original documents for verification.

Government sponsored students shall pay shs.163,154/= functional fees to Makerere University.

Privately sponsored students shall pay 839,954/= and 1,495,253/= for Ugandans and International candidates respectively for semester one and 132,250/= for semester two of year 1.

Full admission letters for government sponsored students should be picked from the respective Colleges/Schools beginning Monday 7th July 2025.

The fees structure for privately sponsored students is attached to their provisional admission letters that should be down loaded from their ACMIS portal.

Students in the affiliated Institutions should pay fees indicated by their respective Institutions.

Fresher’s joining instructions concerning reporting, fees payment, academic policies and any important information from the different university units can be viewed from the Academic Registrar’s Department notice boards and University websites www.ar.mak.ac.ug and www.mak.ac.ug respectively.

All freshers MUST have laptop computers as one of the essential tools for study purposes for their programmes.

Other Fees
a) National Council for Higher Education fee (Per Year)-Shs.20,000/= (Payable to the National Council for Higher Education Account in Stanbic Bank).
b) UNSA Subscription fee (per year)-Shs.2,000/= (payable to Stanbic Bank, City Branch, A/C 0140007248501).

Change of Programmes/ Subjects

(a) Change of Programmes
Since selection for specific programmes was made according to each candidate’s performance and order of programme choices, taking into account the available subject combinations and time-table limitations, there is normally little need to change the programme or subjects. However, some places become vacant when some of the students admitted do not take up the offers. Such places are filled through the change of programmes/subjects.

Students who wish to change programmes first of all register according to the registration time-table for the programmes and subjects (where applicable) to which originally have been admitted. Each student who may wish to change his/her programme/subject combination is required to pay an application fee of Shs.6,000/= plus the bank charges to banks used by Uganda Revenue Authority.

(b) Change of Subjects
Students in the College of Humanities and Social Sciences, College of Natural Sciences or the College of Education and External Studies may wish to change their subjects.

Students should be aware that changing one subject may result in a change of College. Before students apply to change their programmes, Colleges and Subjects, they are encouraged to seek advice on the cut-off point(s) for programmes, requirements for specific subjects and possible subject combinations.

Change of programme/Subjects will be done online on payment of an application fee of Shs. Six thousand (6000/=) plus the bank charges to banks used by Uganda Revenue Authority (URA).

Students are notified and warned that change of programme or transferring to another subject combination or College without proper authority will be liable to discontinuation from the University.

A student who has been permitted to change his/her programme or subject(s) will be issued with a letter stating so, and on receipt of such a letter that student should complete the ACCEPTANCE part and return a copy of each to the Undergraduate Admissions and Records Office, the former College/School and the new College/School.

The change of programme/subjects will be done online from Monday 4th August, 2025 to Tuesday 12th August, 2025.

N.B: It is advisable that only those students who meet the cut-off points for the desired programmes /subjects may apply.

Prof. Buyinza Mukadasi
ACADEMIC REGISTRAR

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