General
Mastercard Foundation Scholars at Makerere University light up Agago community
By Bernard Buteera
On Saturday 3rd December 2022, residents of Okudu-Teyaa Village, Adilang sub-county in Agago district, Northern Uganda, were thrown into a frenzy of excitement, when they received unusual visitors- Scholars and Staff of Mastercard Foundation Scholars Program at Makerere University, who had gone for the climax of this year’s Scholars Give Back by unveiling a two-class block they constructed for St. Catherine Nursery and Primary School.
Every year, Scholars of Mastercard Foundation at Makerere University identify a community to support through giving back, in what is called the Scholars’ community day of service. This year, the Scholars identified St. Catherine Nursery and Primary School, a small community school, in Okudu-Teyaa Village, Adilang sub-county, Agago district in Northern Uganda, which lacked a proper classroom structure, instead the pupils were studying under tree shades and in a small grass thatched structure.
Through mobilization from amongst themselves and with support from the Program staff, and other partners such DFCU Bank, Kare hostel and Garden Courts hostel, Mentors and Alumni, Scholars were able to raise funds and constructed a two class block for St. Catherine Nursery and Primary School, to enable the young children study from a decent environment.
During the launch of the two classroom block, the local residents and local council officials of the area were visibly excited and humbled by the generosity of the Scholars, which had created an instant impact for the school and the area.
In his welcome remarks, the LC 1 Chairperson of the area, Mr. Robert Odong, thanked the Scholars, Makerere University and the Foundation for the spirit of giving back to the communities, especially the rural communities which lack a lot of infrastructure development.
“This class room block you have constructed for this school has given us a lot of hope that we are going to be able to educate many of our young children, who will even be able to reach even university level” Odong said.
Mr. Odong challenged the local community, especially the leaders to emulate Mastercard Foundation Scholars, and construct more class room blocks for the School, because one class room block was not enough.
“This class room block which these young people have constructed is key milestone and a good starting point for us, therefore as a community and especially the leaders, we need to emulate these Mastercard Foundation Scholars, and raise resources to construct more class room blocks for our school.” Mr. Odong remarked.
On her part, the Head teacher of the School, Ms. Betty Angom, thanked Mastercard Foundation Scholars at Makerere for having identified St. Catherine Nursery and Primary School, as the most deserving for this year’s give back beneficiary.
“We thank you Mastercard Foundation Scholars at Makerere for reaching deep down in your hearts and gave our children this classroom block, we very happy.” Ms. Angom said with tears of joy in her eyes.
Ms. Angom called upon the parents and the entire community to join hands and support the school, because it lacked a lot in terms of infrastructure in order to be able to offer a befitting learning environment for the young people. Ms. Angom went on to highlight a number of challenges the school faced, which required support from the government, the Catholic Church and well-wishers, if it is offer effective education to the young children.
The challenges she highlighted included; Lack of furniture, cooking utensils for children’s meals, Lack of water, Scholastic materials, staff quarters, more classroom blocks among many other challenges which required immediate attention.
The Guest of honour at the event, the LC 111 Chairperson of Adilang Sub-county, Mr. Okwir Muhammad, joined fellow residents and leaders to thank Mastercard Foundation Scholars for the support given to the school which he described as the cornerstone for the School and the area.
“As a community, we are very happy to see this new development in our area. You have turned our area into a very powerful one with this class block, I hope the community will take advantage and make good use of the class room block.” Mr. Okwir remarked.
Mr. Okwir pledged on behalf of the sub-county to support the school by mobilizing more resources from the district so that more class room blocks can be constructed for the School.
He thanked the community for donating the land on which the classroom block was constructed and also for contributing in making the bricks, he pointed out that if all communities could get the kind of partnership the Scholars forged with the community, Agago district and other areas in Uganda would be very far in terms of infrastructure development.
Speaking on behalf of the Scholars Community, the Scholars Council representative, Mr. Abubakar Batte, thanked the Scholars for the spirit of give back, which had enabled them to construct the class room block, which had brought smiles on the young pupils of St. Catherine, and the area residents.
“I thank my fellow Scholars for selecting this school as our area of give back this year, because it was well deserving. I am also delighted by the financial contributions you made together with PIT, Mentors, DFCU Bank, Kare Hostel, Garden Courts hostel, and the Alumni, which enabled us to deliver this classroom block for this community” Mr. Batte said.
Mr. Batte urged the community to join hands with Scholars and try to raise resources to finish up with the remaining work which included plastering the building and finishing up the construction of the Pit latrine for the School.
“I call upon the community especially the local council leaders to join hands with the Scholars in mobilizing more resources, so that we complete the remaining work, which included plastering the classroom block and also the construction of the Pit latrine for the School.” Mr. Batte urged.
Speaking on behalf of the Program Coordinator, Ms. Grace Sennoga, the Welfare and Support Services Officer on the Scholars Program, who is also the Coordinator of Scholars’ give back activities, joined the rest of the people in thanking the Scholars and all other partners who contributed generously to enable the construction of the class room block.
“As the Scholars Program staff, we are delighted by the generosity and thoughtfulness of the Scholars, and we proud of what the young people have been able to do for this community.” Ms. Sennoga said.
Ms. Sennoga further informed the gathering that Mastercard Foundation Scholars Program at Makerere University was designed to foster transformative leadership through equipping Scholars with the requisite knowledge and skills, which has helped them become change makers in their communities.
“This classroom block is a clear example of the impact Scholars were making in the community. I therefore call upon the community to emulate the Scholars and start giving back to other people in our areas as who less fortunate in one way or the other” Ms. Sennoga urged.
St. Catherine Nursery and Primary School, is a small community school, which was established in 2019 under the Catholic Church. The School currently has 120 children, most of whom where trekking long distances to go schools in far off places.
Bernard Buteera is the Communications Officer, Mastercard Foundation Scholars Program at Makerere University
![[L-R] Dr.Godfrey Akileng - Dean School of Business, Prof. Sarah N. Ssali - Ag. Vice Chancellor, Chief Guest - Mr. Odrek Rwabwogo, and Gordon Katwirenabo-Assistant Commissioner, Quality Assurance and Value Addition, MAAIF at the Congress.](https://news.mak.ac.ug/wp-content/uploads/2025/10/Entreprenuership-Congress-2025-400x240.jpg)
![[L-R] Dr.Godfrey Akileng - Dean School of Business, Prof. Sarah N. Ssali - Ag. Vice Chancellor, Chief Guest - Mr. Odrek Rwabwogo, and Gordon Katwirenabo-Assistant Commissioner, Quality Assurance and Value Addition, MAAIF at the Congress.](https://news.mak.ac.ug/wp-content/uploads/2025/10/Entreprenuership-Congress-2025-80x80.jpg)
The 3rd Board of Trustees of the Makerere University Endowment Fund (MakEF) has been officially inaugurated in a ceremony presided over by Mrs. Lorna Magara, Chairperson of the University Council on 23rd October 2025, and moderated by the Secretary to the Board, Mr. Emmanuel Kitamirike
In her address, Mrs. Magara commended the outgoing board, led by Dr. Margaret J. Kigozi, for their remarkable stewardship that saw the Fund grow from UGX 8.66 billion in 2021 to UGX 14.54 billion in 2025. She underscored the Endowment Fund’s vital role in ensuring the University’s financial sustainability amidst fluctuating public funding, reaffirming the Council’s commitment to providing policy and institutional support. Mrs. Magara further urged the incoming Board to uphold transparency, strengthen alumni engagement, and pursue innovative investment strategies to expand the Fund’s impact as Makerere continues to build for the future.
Board composition
The newly inaugurated 3rd Board of Trustees (2025–2029) brings together a team of distinguished professionals whose expertise spans business, academia, finance, governance, and social advocacy. Notably, some members have been reappointed in recognition of their exceptional service and contribution to the Fund’s growth during the previous term. The Board is chaired by Dr. Margaret J. Kigozi, a seasoned business leader and former Executive Director of the Uganda Investment Authority (UIA). She is joined by accomplished members including Ms. Jennifer Mwijukye, CEO and founder of Unifreight Cargo Handling Limited; Mr. Ninsiima John Chris, Director of Programmes at NUDIPU and member of the Makerere University Council; Mr. Kenneth Mugambe, former Director of Budget at the Ministry of Finance; Prof. Buyinza Mukadasi, Makerere University’s Academic Registrar and Professor of Forestry Resource Economics; and Mr. Sam Ayesiga, a governance and investment expert with vast experience across Africa. Their diverse backgrounds and renewed commitment are expected to steer the Fund toward even greater stability, innovation, and impact in the years ahead.
Representing the Vice Chancellor, Deputy Vice Chancellor for Academic Affairs, Prof. Sarah Ssali, commended the outgoing Board of Trustees of the Makerere University Endowment Fund for their exceptional service marked by growth, innovation, and accountability. She noted that the growth of the fund to UGX 14 billion is a clear testament to strategic vision, prudent management, and confidence in Makerere University’s long-term sustainability. Prof. Ssali praised the Board for initiatives that have united thousands of alumni, staff, and partners, notably through the Makerere Run, which has supported disability inclusion and empowerment.
She also recognized the introduction of the MakAdvance digital platform as a milestone in promoting efficiency and transparency. She welcomed the incoming Board, and challenged the new team to grow the Fund beyond UGX 25 billion through deeper engagement, innovative fundraising, and stronger partnerships. She reaffirmed Management’s commitment to supporting the Fund within robust governance frameworks that inspire stakeholder confidence, emphasizing the shared vision of building a financially resilient Makerere University.
During the handover ceremony, Dr. Margaret J. Kigozi, the Chairperson, reflected on the remarkable progress achieved under the 2021–2025 term, noting the Fund’s growth from UGX 8.66 billion to UGX 14.54 billion — a 68% increase despite global economic challenges. She highlighted key milestones including the institutionalization of the Makerere Run, establishment of the Makerere Gift and Souvenir Shop, launch of The Legacy e-newsletter, and the creation of the Jawaher Fund for the Advancement of Women’s Education, supported by NAMA Establishment in the UAE. Dr. Kigozi expressed gratitude to the outgoing Trustees and reaffirmed her commitment, alongside the new Board, to advance transformative projects such as the construction of the Makerere University Students’ Centre and development of the Makindye land. She emphasized that the Fund’s goal remains to build a financially sustainable Makerere University capable of supporting innovation, research, and academic excellence for generations to come.
At the inauguration, the Deputy Vice Chancellor in charge of Finance and Administration, Prof. Winston Tumps Ireeta underscored the Fund’s central role in ensuring Makerere’s financial sustainability and institutional legacy. He described the Endowment Fund as a cornerstone of the University’s vision—an instrument through which Makerere secures its future, strengthens its independence, and sustains strategic investments in teaching, research, and innovation. He extended heartfelt appreciation to the outgoing Board, chaired by Dr. Margaret J. Kigozi, for their dedicated service and strong leadership that fortified the Fund’s governance, fundraising, and asset management.
Welcoming the new Board, he congratulated the members on their appointment and urged them to continue expanding and mobilizing resources with integrity and innovation. He reaffirmed his office’s commitment to providing administrative and financial support to ensure that the Fund thrives beyond annual budgetary constraints, contributing meaningfully to Makerere’s vision of becoming a research-led, financially resilient, and globally respected institution.
The Makerere University Endowment Fund (MakEF) was established to secure the University’s financial sustainability by mobilizing, investing, and managing resources to support its core functions of teaching, research, and innovation. Originating from donations made as early as the 1930s, the Fund has evolved into a strategic vehicle that aims to reduce dependence on public funding. It is governed by a Board of Trustees appointed by the University Council, responsible for overseeing investments and resource mobilization. Through initiatives like alumni engagement, digital giving, and events such as the Makerere Run, the Fund continues to grow and strengthen Makerere’s vision of being a research-led and financially resilient institution.
The Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees on 23rd October 2025 during the 15th Annual General Meeting declared an interest on 13.56% on Members balances for the Financial Year 2024/2025. Held in the Main Hall for the first time since the Main Building’s reconstruction, the AGM was a chance for the Board of Trustees led by Dr. Michael Kizito to showcase the dedication, strategic initiatives and resilience that had enabled the fund to grow by 16.2% from UGX 409.2 billion as at 30th June 2024 to UGX 475.5 billion as at 30th June 2025.
MURBS asset classes and contributions
Some of these strategic initiatives included investing 86.4% of MURBS’ portfolio in long-term Ugandan Government Bonds. This decision was in line with the Uganda Retirement Benefits Regulatory Authority (URBRA)’s approved waiver, allowing investment of up to 90% in this asset class. Investments in other asset classes included Unit Trusts (10.3%), Real Estate (3.19%), as well as Equities and Fixed Deposits at 0.08% each.
Additional contributors to the fund growth included the remittances from the Sponsor, Makerere University, which grew by 6.4% from UGX 34.4 billion to UGX 36.6 billion. Of particular significance were remittances from staff on projects amounting to UGX 4.59 billion, attracting the Chairperson’s commendation.
“MURBS Trustees appreciate the Sponsor’s compliance and are grateful for the engagements so far to settle historical debts” enthused Dr. Kizito, before adding “We equally recognize Principal Investigators, Accountants and College Principals who remitted to MURBS retirement contributions for their staff on contract and under different projects.” Thirteen new projects were registered by MURBS during the last quarter of FY 2024/2025, bringing the total number of projects remitting staff benefits to the Scheme to 174.
Membership and savings
As such, the number of MURBS Members actively contributing to the scheme grew from 3,137 last year to 3,368 as at 30th June 2025. Of these, the majority i.e. 1,648 (48.93%) had savings below UGX 50 million, followed by 524 (15.56%) with savings between UGX 500 and 550 million. The minority i.e. 1 (0.03%) member has the highest savings between UGX 650 and 700 million, followed by 2 (0.06%) with savings between UGX 600 and 650 million.
Retirement of staff is a normal practice and as such, MURBS paid benefits worth UGX 21.7 billion last financial year. As alarming as this figure was, the Chairperson reassured members that the rise in benefits paid is a normal trend “because it corresponds to rise in the value of individual holdings for members.
“Our retirement benefits packages now include partial withdrawals after retirement, annuity arrangement with reputable industry partners, and Mid-Term Access,” explained Dr. Kizito.
Milestones registered
MURBS registered a number of achievements during the last financial year in its bid to ensure transformative growth. These included completion of a benchmarking process that will see the procurement and introduction of a modern Management Information System (MIS) to strengthen operational efficiency. The Chairperson equally announced that the MURBS Mobile App had been developed and is ready for deployment. The App, he added, will “dramatically enhance the member experience by offering instant access to benefit calculators, account information, and real-time statements.”
Other milestones highlighted by Dr. Kizito included the implementation of Document Management System (DMS) for efficient records management, and the acquisition of new office premises to accommodate the scheme’s growth and offer more member-focused services. On this note, the Chairperson appreciated the Makerere University Council and Management for their support in ensuring that MURBS continues to deliver “an enabling environment that promotes productivity, accessibility, and efficiency for both members and staff.”
Sector Regulator applauds MURBS Trustees
Speaking on behalf of URBRA, Mr. Mark Lotukei commended MURBS Trustees on leveraging sector rules to ensure that members receive the best return on investment for their benefits. “From this year’s presentation, your funds were invested more than 80% in government securities, which shows that your trustees were proactive enough to take advantage of shifts in the marketplace” he commended.
Mr. Lotukei urged MURBS members to use the platform provided by the AGM to not only question the Trustees decisions but also improve their own awareness of how scheme business is conducted. He equally encouraged members to make the most of the regular free online trainings provided by URBRA. “Those two hours could change a lot in terms of enabling you to plan better for your retirement”.
A pledge to continue delivering value
True to Mr. Lotukei’s encouragement, the AGM was concluded with a lively question and answer session, where members thoroughly probed the Trustees on various issues presented in the annual report. In addition to the Chairperson, other Trustees namely; the Board Secretary – CPA Francesca Angida Mugyema and Members – Mr. Joseph Ikarokok, Dr. Elizabeth Nansubuga, Mr. George Bamugemereire, and CPA Edna Rugumayo were on hand to provide responses, while Trustee Dr. Deus Kamunyu Muhwezi moderated the session.
In addition to Trustees, the Board’s co-opted experts include; CPA David Ssenoga, Dr. Saul Nsubuga, Mr. Alan Lwetabe, and Mr. Paul Kuteesa. The Board of Trustees is supported in the daily running of Scheme business by the Secretariat that is made up of; Ms. Susan Khaitsa, Ms. Juliet Nabukeera, Ms. Julian Marembo, Mr. Marvin Kakumba, Ms. Rhonah Asingwiire, Ms. Rebecca Nairuba, and Ms. Doreen Namono.
In closing, the Chairperson reassured Members of the MURBS’ Trustees unwavering commitment to continue focusing on optimizing operations, enhancing revenue streams through alternative investments, and delivering value to stakeholders.
As part of her efforts to familiarize herself with the offices under her docket, the newly appointed First Deputy Vice Chancellor in charge of Academic Affairs, Prof. Sarah Ssali, has embarked on a series of visits to different units that report to her office. One of these is the Makerere University Press (MakPress), which she visited today on 21st of October 2025, on a courtesy call. She was received by the Managing Editor for MakPress, Dr. William Tayeebwa, a Senior Lecturer in the Department of Journalism and Communication at the College of Humanities and Social Sciences. Previously, MakPress operated jointly with the Directorate of Graduate Training (DGT) and the Directorate of Research, Innovations and Partnerships (DRIP) before becoming a standalone entity. Accompanying Prof. Ssali on this visit were Prof. Julius Kikooma, the Director of DGT, and Mr. Mathias Ssemanda, the Acting Manager of the International Relations Office.
During her visit to MakPress, Prof. Sarah Ssali commended the Unit for its progress and partnerships while emphasizing the need to strengthen collaboration with key institutions such as the National Curriculum Development Centre (NCDC), the Ministry of Education and Sports, and other universities. She encouraged the Press to explore practical working models, including leveraging external expertise and streamlining its printing processes to enhance efficiency. Prof. Ssali also highlighted the importance of safeguarding intellectual property, ensuring fair contractual terms with partners, and maintaining transparency in publishing agreements. She advised that Makerere University Press should position itself strategically by producing high-quality academic materials that serve both national and international audiences. Additionally, she urged the team to adopt a more consistent publication schedule—launching books quarterly or biannually—and to organize events where authors can engage directly with readers, scholars, and policymakers. Prof. Ssali reaffirmed the administration’s support toward building a stronger, more vibrant university press that effectively contributes to research dissemination, academic dialogue, and national development.
During the courtesy visit, Dr. William Tayeebwa highlighted the milestones and ongoing projects at the Press. He spoke about the growing partnerships with institutions such as the University of Chicago Press, the University of California Press, and the African Books Collective, which have enhanced both local and international visibility of Makerere’s publications. “Why make a university press when you have Makerere University Press”, Dr. Tayeebwa said urging public universities to utilize MakPress. Dr. Tayeebwa also shared that the Press has republished several titles, launched new book projects, and developed a digital platform that enables readers to access and purchase books online. However, he pointed out a number of challenges affecting the Press’s operations, including inadequate funding, limited printing capacity at the university printery, and delays that often affect the timely release of publications. He further noted the difficulty of accessing generated funds due to bureaucratic procedures, space and infrastructure limitations, and the continued confusion between the roles of the Press and the printery. Despite these challenges, Dr. Tayeebwa reaffirmed the commitment of his team to strengthen Makerere University Press as a central pillar in advancing research dissemination and academic publishing.
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