General
MURBS Trustees Declare 11.05% Interest on Members Balances for the FY 2021/2022
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.
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.
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.
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.
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.
“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.
“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.”
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%.”
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
General
Mak and University of the West of England Sign MoU to Advance Research, Innovation and Skills Development
Makerere University and the University of the West of England (UWE) have signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration in research, innovation, and enterprise development. The signing ceremony took place on Friday, 17th October 2025, in the Vice Chancellor’s Boardroom, Main Administration Building, Makerere University.
The partnership will focus on joint research initiatives in climate science, early childhood development and elderly care, wildlife ecology and conservation management, technology, and sustainable agriculture.
The Uganda High Commissioner to the United Kingdom, H.E. Nimisha Madhvani, who witnessed the signing, congratulated both institutions and reaffirmed the Government of Uganda’s commitment to strengthening international collaborations that enhance education, innovation, and investment.
“We are not only promoting education, but also tourism, business, and investment. This partnership is a great bridge between Uganda and the United Kingdom,” said H.E. Madhvani. “With the full support of His Excellency the President and the First Lady, we look forward to building on this momentum to establish impactful initiatives, including a proposed teaching hospital.”
Speaking during the event, the Vice Chancellor of Makerere University, Prof. Barnabas Nawangwe, reaffirmed the University’s commitment to producing graduates who are not only employable but also capable of creating jobs and transforming their communities.
“Our goal is to train students who go out to create their own jobs and employ others who have not had the opportunity to attend university,” said Prof. Nawangwe. “We are working seriously on issues of food security, health, and conflict management — particularly in the Great Lakes region, which has one of the highest numbers of conflicts per capita. Through research and collaboration, we aim to address these challenges while ensuring Africa is not left behind in the digital economy.”
Prof. Nawangwe also highlighted Makerere’s initiatives in the digital and peace sectors, including the work of the Rotary Peace Center, which plays a vital role in promoting peace across the world by equipping fellows with academic training, practice, and global networking opportunities through a year-long, blended-learning professional certificate program.
Representing the University of the West of England, the Vice Chancellor Ms. Jo Midgley commended Makerere University for its strong research focus and expressed enthusiasm for the partnership.
“Like Makerere, we are a comprehensive university. We want this partnership to go beyond conversations and translate into action,” she said. “Our areas of strength include sustainability, climate change, future technology, health, and community placemaking. We believe this collaboration offers a unique opportunity to co-create programmes that prepare students for the evolving global workforce.”
She further emphasized the need for universities to work closely with industry partners to co-design programs that meet current skill demands while promoting innovation and enterprise among students.
The Deputy High Commissioner, Ambassador Miriam Otengo, commended Makerere for its leadership in higher education and shared ongoing efforts to mobilize the Makerere alumni in the United Kingdom. She also revealed plans to host a Makerere Alumni Symposium in London, aimed at showcasing the University’s excellence and strengthening ties with its diaspora community.
Also in attendance was Mr. Hefin Rees KC, Chairman of Spotlight on Africa, a UK-based charitable organization, who expressed interest in partnering with Makerere University to establish a teaching hospital in Mbale focused on women and children’s health. He praised Makerere for producing world-class professionals and reaffirmed his organization’s commitment to supporting health-related initiatives.
In his closing remarks, Prof. Nawangwe thanked the High Commission for facilitating the partnership and welcomed the opportunity to discuss the proposed teaching hospital, describing it as “a timely and vital project for Uganda’s health sector.”
“This collaboration represents a new chapter for Makerere University and the University of the West of England. Together, we will advance research, promote innovation, and equip our students to respond to global challenges,” he said. The ceremony concluded with the formal signing of the MoU, marking the beginning of a long-term partnership built on shared values of excellence, innovation, and community impact.
The Acting (Ag.) Vice Chancellor, Prof. Sarah Ssali on Thursday 16th October, 2025 held a press conference to update members of the Media on the 2026 World University Rankings by Times Higher Education (THE).
The event held in the Vice Chancellor’s Boardroom, Main Building, was attended by the Director Graduate Training-Prof. Julius Kikooma, Director Quality Assurance-Dr. Cyprian Misinde, Dean of Students-Dr. Winifred Kabumbuli, Director Research, Innovations, and Partnerships-Prof. Robert Wamala, Deputy Chief – Public Relations-Ms. Eunice Rukundo, Ag. Manager International Relations-Mr. Matthias Ssemanda, and staff from the Offices of the Vice and Deputy Vice Chancellors.
The proceedings of the Press Conference follow below;
Vice Chancellor’s Press Statement
UNIVERSITY RANKINGS: MAKERERE STILL NUMBER ONE IN THE REGION
It gives me great pleasure to share with our stakeholders and the general public that Makerere University has been ranked Number 1. in the East African region, in the Times Higher Education rankings released this month of October 2025.
In its 2026 World University Rankings, Times Higher Education (THE) places Makerere University in top position in East Africa, and in the 801-1000 band globally. The ranking considers five performance indicators, namely: Teaching; Research environment; Research quality; International Outlook; and Industry. Makerere’s overall score was 37.2, significantly outperforming peer institutions in the Region that average scores of 18.8.
In particular, Makerere University continues to thrive in Research Quality where we scored 54.2% but even better in International Outlook where we scored highest with 69.7%. See Table 1 for details. On the continent, Makerere University ranked 8th in the 2024 Sub-Saharan African University Rankings.
We would like to reassure all stakeholders and well-wishers that Makerere University continues to hold steadfast as the regional leader in higher education. Our commitment to deliver excellence in our teaching, research, and socioeconomic impact has not wavered.
WE BUILD FOR THE FUTURE.
Thank you.
Fact Sheet
UNIVERSITY RANKINGS
Table 1: East African Universities – 2025 Ranking Comparison
| Rank | Name | Overall | Teaching | Research Env. | Research Quality | Industry | Int. Outlook |
| 801–1000 | Makerere University | 35.5–38.9 | 21.5 | 26.6 | 54.2 | 32.8 | 69.7 |
| 1501+ | Kenyatta University | 10.3–27.2 | 14.3 | 9.1 | 34.2 | 17.4 | 54.6 |
| 1501+ | Muhimbili University of Health and Allied Sciences | 10.3–27.2 | 21.6 | 14.9 | 30.3 | 27.5 | 54.6 |
| 1501+ | University of Dar es Salaam | 10.3–27.2 | 14.5 | 11.1 | 26.5 | 21.9 | 47.2 |
| 1501+ | University of Nairobi | 10.3–27.2 | 15.9 | 16.1 | 39.7 | 22.5 | 49.4 |
| 1501+ | University of Rwanda | 10.3–27.2 | 14.1 | 14.9 | 25.6 | 21.1 | 57.5 |
End
The Board of the Zambia Research and Education Network (ZAMREN) led by the Chairperson, Prof. Mundia Muya on 14th October 2025 paid a courtesy call on the Vice Chancellor, Makerere University. The Board which is on a two-day exposure visit to the Research and Education Network of Uganda (RENU) was received by the Acting (Ag.) Vice Chancellor and Deputy Vice Chancellor (Academic Affairs), Prof. Sarah Ssali in the Vice Chancellor’s Boardroom.
The Chairperson was accompanied by Mr. Ronald Hatoongo and Mr. Stein Mkandawire, the Board Secretary and CEO of ZAMREN respectively, as well as RENU’s CEO-Mr. Nicholas Mbonimpa and RENUMESH Technologies CEO-Mr. Brian Masiga. In attendance were Mr. Samuel Mugabi-Director DICTS, Prof. Robert Wamala-Director Research, Innovations and Partnerships (DRIP), and Prof. Tonny Oyana-Principal College of Computing and Information Sciences (CoCIS).
Also present were; Prof. Paul Birevu Muyinda-Director Institute of Open, Distance and eLearning (IODeL), Dr. Godfrey Mayende-Deputy Director IODeL, Dr. Michael Walimbwa- College of Education and External Studies (CEES), Dr. Cathy Mbidde- Ag. Manager. Makerere University Innovation Pod, Ms. Eunice Rukundo-Deputy Chief-Public Relations and staff from the Office of the Vice Chancellor.
In her welcome remarks, Prof. Ssali thanked the ZAMREN Board for including the courtesy call on their Kampala itinerary and extended warm greetings from the Vice Chancellor, Prof. Barnabas Nawangwe. She noted that Makerere as a founding member of RENU has enjoyed a mutually beneficial collaboration, that has benefited both staff and students in the form of supporting growing connectivity needs, as well as training, mentorship, and development of technical skills for both continuing students and graduates.
Turning to the gist of the courtesy call, the Acting Vice Chancellor noted that the Makerere University through the Centre for Artificial Intelligence (MAK-AI) seeks to harness the transformative power of AI to address society’s most pressing challenges. “Projects undertaken by our Centre tackle real-world challenges in health, agriculture, languages, and beyond.”
Prof. Ssali nevertheless underscored the importance of upholding ethics in all AI undertakings “Mindful of global trends elsewhere, the work of the Makerere AI Centre is guided by the principles of Responsible AI, ensuring that systems are transparent, accountable, fair, and designed to benefit society.”
She therefore called upon the delegation to thoughtfully engage with the ideas presented during their visit with the aim of collectively exploring both institution can better equip staff and students to meaningfully make the most of this fast-evolving trend.
On behalf of the Board, Prof. Muya who is substantively the Vice Chancellor of the University of Zambia thanked Prof. Ssali and Members of Management present for according his delegation a warm reception to Makerere University, “one of Africa’s most distinguished centres of higher learning.
“Makerere University is not only a symbol of academic excellence but also a beacon of leadership in higher education on the African continent”, remarked Prof. Muya.
The Chairperson equally expressed the delegation’s keenness to understand how AI is being adopted, and how the academia is embracing the technology as an enabler of teaching and research. “At ZAMREN, we view digital transformation and AI integration as critical enablers of academic excellence, efficiency, and competitiveness across higher education institutions,” he remarked, adding that “We therefore look to Makerere University’s experience to draw practical lessons that can inform and inspire our efforts back home.”
Turning to the lessons from Makerere in line with digital transformation and ICT, the Director DICTS shared that owing to the partnership with RENU, internet bandwidth, a vital enabler of AI transformation currently stands at 5 Gbps of monthly consumption, with plans to scale-up to 8 Gbps. He added that RENU has also facilitated Makerere’s access to Open Libraries, and Eduroam – a secure, encrypted Wi-Fi network across to staff and students freely access the internet across partner institutions in Uganda using their University emails.
Furthermore on the enablers of AI integration, Mr. Mugabi noted that in line with digitalization of institutional business process, the University Council took a bold step to develop all information systems in-house, a move that has reduced costs spent on offshore solutions, and hemorrhage of skills. He pointed to the introduction of open source solutions, and AI policy and global collaborations with corporations such as Google as additional enablers.
Addressing AI readiness, Prof. Tonny Oyana pointed out the need for the University of Zambia to start early, citing Makerere efforts which began as far back as 2007, when Dr. John Quinn joined the institution after his PhD. He added that Dr. Quinn together with other former staff from Makerere formed Sunbird AI, a thriving initiative creating practical systems for the benefit of community.
Prof. Oyana also pointed to AI initiatives that have attracted up to USD 5million from Google Awards, staff with specialized skills in the creation and development of sensor technologies, top notch students that win continental and global awards from companies such as Huawei, and active engagements with partners to produce solutions to enhance diagnosis of malaria, tuberculosis and cancer as some of areas that demonstrate Makerere’s AI readiness.
Addressing academic and research innovation, Prof. Robert Wamala pointed out that Makerere, in recognition that the institution cannot achieve its vision alone is intentional about seeking and nurturing mutually beneficial partnerships. Furthermore, he shared that Vice Chancellor’s Annual Research Excellence Awards reward and recognize the efforts of staff who have excelled in publication, teaching and winning grants.
The Director DRIP equally underscored the need for dissemination of research produced by staff and students, pointing out the annual research and innovation week as a flagship event for not only showcasing research but also forging meaningful partnerships with stakeholders. In line with technology transfer, Prof. Wamala said that the University through the Intellectual Property Management Office ensures that innovations developed by staff and students packaged for adoption by other individuals or organisations.
Addressing the use of technologies in academic work, Prof. Birevu noted that IODeL conducts capacity building in instructional design, online facilitation, use of AI in teaching and digital assessments. “We have also advised the University on ODeL and Distance Education strategies, for instance, we have developed a ten-year masterplan for distance education with support from the Korean Government to outline how Makerere University is going to integrate distance education within its offering” he added.
At the close of the deliberations the ZAMREN expressed sincere appreciation to the Ag. Vice Chancellor and Members of Management for the free sharing that pointed out a number of priorities.
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