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MURBS Trustees Declare 11.05% Interest on Members Balances for the FY 2021/2022
Published
3 years agoon

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
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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
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Makerere University Affirms E-Mobility Push with Fast-Charging Station Launch
Published
9 hours agoon
March 13, 2026By
Mak Editor
In a landmark event symbolizing Uganda’s stride towards sustainable transportation, Hon. Dr. Monica Musenero Masanza, Minister of Science, Technology, and Innovation, commissioned the first Electric Fast-Charging Station at Makerere University on Friday 13th March 2026. The ceremony, held at the Senate Building Parking Lot, marks a pivotal moment in the nation’s e-mobility journey, blending academic innovation with industrial application and governmental support.
The station, a DC Fast Charger C6-180 installed in collaboration with Kiira Motors Corporation (KMC), is designed to power electric vehicles efficiently, supporting Uganda’s shift from fossil fuels to renewable energy sources. This setup ensures high-power DC charging ideal for fleet operations.
Hon. Dr. Musenero, in her keynote remarks, highlighted the profound significance of the occasion, tracing its roots back to 2011 when Makerere unveiled the Kiira EV – Uganda’s first electric vehicle prototype. “This infrastructure is the physical manifestation of a journey that began on this very hill nearly two decades ago,” she stated, emphasizing how the university’s initial proof-of-concept challenged skepticism about Africa’s role in automotive technology.

The event, she noted, completes a narrative full circle, with the birthplace of the Kiira EV now hosting the infrastructure to sustain a modern electric fleet. The commissioning aligns seamlessly with Uganda’s National E-Mobility Strategy, which aims to localize 65% of the e-mobility value chain by 2040 and create over 500,000 high-quality green jobs.
Hon. Dr. Musenero underscored the strategy’s focus on reducing dependence on imported fossil fuels while enhancing environmental well-being. “We are transforming Uganda into a net source of e-mobility solutions,” she declared, pointing to the potential for Ugandan intellect to produce vehicle parts and charging systems domestically.
In his remarks at the event, the Vice Chancellor Prof. Barnabas Nawangwe described the launch as a “multi-faceted achievement,” not only advancing the institution’s inclusive agenda but also setting an example for public institutions in adopting e-mobility. In so doing, Makerere University has positioned itself at the forefront of this transition.
On September 26, 2025, President Yoweri Museveni commissioned the Kiira Vehicle Plant in Jinja and handed over three Kiira Motors Corporation (KMC) buses to Makerere University to enhance staff and student mobility. The fleet included two diesel-powered Kayoola Coaches and one electric Kayoola EVS 8.5m bus donated by KMC specifically to aid the movement of differently-abled staff and students. This move demonstrates academia’s capacity to integrate home-grown solutions into daily operations, impacting the economy through practical science.

The commissioning of the fast-charging station is rooted in a long history of collaboration. The Kiira Electric Vehicle Project, hatched in the former Faculty of Technology, has evolved into a national movement for automotive manufacturing. Hon. Dr. Musenero praised this progression: “We have moved beyond proving that an electric vehicle can be built in Uganda. We are now ensuring our electric vehicles are deployed across the continent, solving Africa’s mobility problems.”
Academia’s role remains central, as Hon. Dr. Musenero elaborated. While government provides policy frameworks and the private sector offers capital, universities supply the essential knowledge. The E-Mobility Skilling Programme at Makerere University‘s Innovation Pod (Mak-UniPod) is training the next generation of electric vehicle engineers, who are tackling “moonshot projects” to redefine urban transport. Research into optimizing local resources, such as Uganda’s lithium and cobalt deposits for battery production, is also underway.
A key environmental highlight of this development is Uganda’s renewable energy advantage. With over 95% of the national grid powered by hydroelectric dams, every charge at this station utilizes clean energy. “We are using our own water to power our own vehicles, keeping our wealth within our economy rather than exporting it to purchase foreign oil,” Hon. Dr. Musenero remarked, framing the launch as Uganda plugging into the global renewable shift. She pledged the Science, Technology, and Innovation (STI) Secretariat’s continued collaboration with Makerere University, KMC, and partners to proliferate such stations across Kampala and beyond.
Addressing Makerere students, Hon. Dr. Musenero issued a challenge: “See this charging station as a symbol of your own potential. The engineers who built the first Kiira EV were once sitting exactly where you are. They did not wait for permission to be great.” She urged them to leverage available resources to innovate, building on a legacy that has shifted national conversations.

The event drew distinguished guests, including Members of Management, Eng. Paul Isaac Musasizi, KMC’s CEO and his management team, private sector partners, development agencies, and university faculty.
Looking ahead, this launch propels Uganda towards a “Qualitative Leap” in its economy, as Hon. Dr. Musenero described. By fostering innovation and investing in young minds, the nation aims to lead in technological advancement. The station not only powers vehicles but ignites progress, ensuring Uganda remains at the forefront of Africa’s e-mobility revolution.
As the ceremony which was intermittently “blessed” by drizzles drew to a close, the feeling of hope for a cleaner, self-reliant future – one charged by Ugandan ingenuity, was unmistakable.
General
Makerere University and International Partners Sign MoU for the 9th Kampala Geopolitics Conference
Published
2 days agoon
March 12, 2026
Makerere University, on 10th March, 2026, signed a Memorandum of Understanding with the Embassy of France in Uganda, the Konrad Adenauer Foundation (KAS), and Alliance Française de Kampala to organize the 9th edition of the Kampala Geopolitics Conference (KGC), scheduled to take place on 15–16 April 2026 at Makerere University.
The signing formalizes the continued partnership that has established the Kampala Geopolitics Conference as one of the region’s leading platforms for dialogue on global affairs, bringing together scholars, policymakers, civil society leaders, and students to debate the major geopolitical and socio-economic transformations shaping the world.
The conference, inspired by the Nantes Geopolitics Conference in France, was first launched in Kampala in 2018 and has since grown into a unique intellectual space for cross-continental exchange between Africa and Europe.
A Platform for Ideas, Dialogue, and Youth Engagement
Speaking at the signing ceremony, Makerere University Vice Chancellor, Prof. Barnabas Nawangwe, emphasized the importance of the Kampala Geopolitics Conference as a platform that connects academic discourse with global policy conversations while empowering students to engage with the complex challenges shaping the international system.

The Vice Chancellor noted that hosting the conference reflects Makerere University’s long-standing commitment to fostering intellectual exchange and positioning the institution as a hub for regional and global dialogue.
“Makerere University is proud to host the Kampala Geopolitics Conference because it creates an important platform for debate and exchange on the global issues shaping our world, while giving our students the opportunity to engage directly with leading thinkers and policymakers,” said Prof. Nawangwe.
Prof. Nawangwe further commended the Embassy of France in Uganda, the Konrad Adenauer Foundation, and Alliance Française de Kampala for their continued collaboration with Makerere University in organizing the conference over the years. He expressed confidence that the 2026 edition will once again provide a dynamic platform for dialogue, bringing together scholars, policymakers, and students to examine the geopolitical trends shaping Africa and the wider world.
Speaking at the signing ceremony, H.E. Virginie Leroy, Ambassador of France to Uganda, highlighted the significance of the conference as a platform that encourages dialogue on global issues while empowering young people to participate in shaping the future.

Since its inception, the Kampala Geopolitics Conference has created opportunities for students, researchers, policymakers, and entrepreneurs to engage with some of the most pressing global debates. The Ambassador noted that the curiosity and engagement of Ugandan students have become one of the defining features of the conference.
“This conference has become a unique space where students, researchers, policymakers and civil society exchange ideas on the major transformations shaping our world,” Ambassador Leroy said, adding that the event demonstrates the intellectual vitality of Uganda’s youth and the strength of the partnerships that sustain it.
Strengthening Partnerships for Global Dialogue
The Konrad Adenauer Foundation, a long-standing partner in the initiative, reaffirmed its commitment to supporting platforms that foster meaningful discussions on international affairs and regional dynamics.
Speaking during the ceremony, Anna Reismann, Director of the Konrad Adenauer Foundation in Uganda, emphasized the importance of the conference in connecting local perspectives with global debates.

She noted that Africa has increasingly become a focal point in global geopolitics, attracting engagement from a wide range of international actors through investments, trade, security cooperation, and diplomatic partnerships. While these engagements create new opportunities for economic growth and technological advancement, they also raise important questions about sustainability, governance, and the terms of international cooperation.
According to Reismann, the conference provides an important forum to examine these issues and to encourage dialogue that bridges academic perspectives with practical policy considerations.
The 2026 edition of the Kampala Geopolitics Conference will focus on key global and regional issues shaping international relations and development.
Among the themes to be explored are the future of development cooperation, particularly as global aid dynamics evolve and countries explore more sustainable and balanced partnerships. Another panel will examine youth and public policy in Africa, recognizing the critical role that young people play in shaping governance, innovation, and development across the continent.
With Africa home to the youngest population in the world, discussions will highlight the importance of ensuring that young people are not only beneficiaries of public policies but also active contributors to their design and implementation.
Makerere University at the Centre of Global Conversations
Hosting the conference reflects Makerere University’s continued commitment to fostering intellectual exchange and positioning the institution as a hub for regional and international dialogue.
Through its partnerships with global institutions such as the Embassy of France, the Konrad Adenauer Foundation, and Alliance Française de Kampala, Makerere continues to create platforms that connect academic knowledge with policy discussions and real-world challenges.

The Kampala Geopolitics Conference is expected to once again bring together leading experts, scholars, and practitioners from across Africa and Europe, while providing students with a rare opportunity to engage directly with global debates.
As preparations for the 2026 edition gather momentum, the partners expressed confidence that the conference will continue to inspire critical thinking, encourage dialogue across disciplines and generations, and strengthen cooperation between Africa and its international partners.
Caroline Kainomugisha is the Communications Officer, Advancement Office, Makerere University.
Makerere University has kicked off the three-day Careers Fair 2026, bringing together students, industry leaders, and policymakers to discuss the future of work in the era of Artificial Intelligence (AI).
The first day of the expo, held under the theme “Man or Machine: Exploring AI’s Impact on Careers” and sponsored by the National Social Security Fund (NSSF), explored the impact of AI on industries and careers.
The annual expo offers career guidance, job opportunities, entrepreneurship training, and networking platforms for students. It builds on previous themes focused on employability, innovation, and adapting to rapidly changing work environments.
In her keynote address, Hon. Dr. Monica Musenero Masanza, Minister for Science, Technology and Innovation, stressed the need for Uganda to strategically position itself in the digital economy.

She noted that Africa missed the first and second industrial revolutions and warned that the current digital revolution could also bypass the continent if deliberate efforts are not made to participate in it.
“Africa was just here, minding her own business, hunting her animals, resting. A distant industrial revolution impacted us very negatively,” she said, referencing the slave trade and colonization that followed the first industrial revolution.
The minister emphasized that Uganda must focus on producing digital goods and services rather than merely consuming them.
“We are still down there, but we are facing up. We must give Uganda a clear chance at sustainable and progressive transformation,” she said.
She observed that Uganda’s digital economy is currently skewed toward consumption, resulting in significant financial outflows.

“Our net flow in this digital economy, including AI, is negative. We are losing money, jobs, and opportunities,” she added.
Musenero urged young people to move beyond simply using digital tools and instead focus on creating value.
“Mind or machine, it must give us a positive economic voice. Whichever one gives us that, we should go for it,” she said.
Speaking on behalf of the Vice Chancellor, Professor Moses Musinguzi, the Principal of the College of Engineering, Design, Art and Technology acknowledged the inevitability of Artificial Intelligence in modern society and urged stakeholders to focus on harnessing its potential.

“The general consensus worldwide is that we cannot condemn AI. Instead, we should see how we can make better and more productive use of it,” he said.
Musinguzi highlighted some of the challenges posed by AI in academia, noting that students can easily generate answers within minutes, potentially undermining the learning process.
“A student using AI can generate your answer in less than a minute. And that’s not what we want. We want to impart knowledge and skills to students,” he stressed.
He encouraged institutions to adopt AI responsibly while maintaining the core objective of producing skilled graduates.

“We are now trying to see better methods of using AI while still maintaining the objective of producing students who have the skills and knowledge to advance the world,” Musinguzi said.
He further noted that AI will inevitably affect traditional careers, making adaptation essential.
“If we don’t innovate, there is a threat that we shall be exterminated,” he warned, urging students to embrace innovation and contribute to Africa’s development.
Earlier, Lameck Kavuma from AI Studio Uganda explained the fundamentals of AI, describing it as a system built on pattern recognition and mathematical models that predict the next word or action.
“AI is all about pattern recognition,” he said, noting that the technology still has limitations, particularly when dealing with noise or changes in context.

Kavuma observed that AI has existed since the 1990s in forms such as spam filters and recommender systems. However, recent advances in generative AI now allow machines to process long texts and hold conversations, making it appear as though AI is crossing into traditionally human roles.
He emphasized that AI could level the playing field by increasing productivity and removing traditional barriers to access.
“AI is a leveler. It removes gatekeepers,” Kavuma said.
On his part, Gerald Paul Kasato, Deputy Managing Director of NSSF, stressed the importance of collaboration between humans and machines.
“The future is not about humans competing with machines. It is about humans learning how to work with machines,” he said.
Kasato noted that AI, automation, and digital technologies are rapidly reshaping the workplace and creating new opportunities.
“AI, automation, and digital technologies will transform industries, but they will also create new careers, new businesses, and new opportunities,” he said.

He urged students to equip themselves with the right skills, mindset, and adaptability to thrive in the evolving job market.
“The real challenge is ensuring that young people are equipped with the right skills, mindset, and adaptability to thrive in this new world,” Kasato emphasized.
Kasato revealed that NSSF continues to promote financial literacy among young people, with more than 130,000 students registered and over UGX 235 billion saved.
“The future belongs to those who are curious, adaptable, innovative, and willing to continuously learn,” he said.
Also speaking at the event, Michael Ssegwaya, Executive Director and Chief Financial Officer at ABSA Bank, emphasized the need to adapt to a rapidly changing world driven by AI.
“The world is changing, and the banking sector is also changing. We handle millions of transactions, many of which are processed through AI systems,” he said.
Ssegwaya encouraged students to use AI tools to enhance productivity while maintaining independent thinking.
“I told my daughter, you can use AI, but your answers should not look like they came directly from AI. I need you to think and think differently,” he said.
He also highlighted ABSA’s “Ready to Work” program, which aims to prepare students for the evolving job market.

Ssegwaya urged students to develop skills such as creativity, communication, and empathy, which are less likely to be replaced by machines.
“Critical thinking is going to be important. Creativity may not necessarily be replaced,” he said.
He challenged students to become job creators rather than job seekers.
“I hope you are going to the university to become a job creator and not just a job seeker,” he added.
Similarly, Charlotte Kukunda from ACCA highlighted the need for professionals to adapt to the rapidly evolving technological landscape.
“The pace of change in AI is phenomenal, and it is also scary,” she said.
Kukunda revealed that ACCA is reimagining its qualification structure to include employability modules such as entrepreneurship, digital technology, and innovation.

“We have included optional employability modules so that students can choose what makes sense for their career paths,” she explained.
ACCA’s revised qualification, set to launch in June and September 2027, will emphasize skills such as data analysis, financial investment, and sustainability reporting.
She encouraged students to embrace AI while strengthening human intelligence.
“Accountants are embracing artificial intelligence and exploring its potential while paying attention to the risks,” she said.
Meanwhile, Douglas Opio, Executive Director of the Federation of Uganda Employers, challenged students to consider becoming employers.
“We have an acute shortage of employers,” he said.
Opio emphasized the importance of strong theoretical foundations, describing theory as the basis for practical innovation.

“Theory is like the operating system of practice,” he noted.
He urged students to view skills as a renewable resource that can drive growth and innovation.
“AI must be part of the skill set that you actively look for,” he added.
The NSSF Career Expo, launched in 2010, aims to bridge the gap between education and employment by equipping students and graduates with the skills, knowledge, and networks needed to thrive in the modern workforce.
The event promotes a culture of saving, innovation, and entrepreneurship while bringing job opportunities closer to students.

Key features of the expo include career guidance and counseling, job opportunities, entrepreneurship training, mentorship, and networking platforms. This year’s expo is being held in 15 universities across Uganda, including Makerere University, Kyambogo University, and Uganda Martyrs University, Nkozi.
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