General
Mak partners with BRAC to Support Career Progression of Talented Women
Makerere University on 29th March 2023 signed a Memorandum of Understanding (MoU) with Stichting BRAC; an international development organization based in Bangladesh with regional presence in Africa and seventeen years of operation in Uganda, to implement the Sir Fazle Hasan Abed Fellowship Programme for Women. The MoU was signed on behalf of Makerere by the Vice Chancellor, Prof. Barnabas Nawangwe and by the Executive Director, Mr. Shameran Abed on behalf of Stichting BRAC International. The ceremony was witnessed by the BRAC Regional Director Africa-Ms. Rudo Kayombo, Associate Director of HRD, BRAC International-Ms. Aoishwariya Khisa, University Secretary-Mr. Yusuf Kiranda, Ag. Director Legal Affairs-Mr. Hudson Musoke, Ag. Director Gender Mainstreaming Directorate (GMD)-Ms. Susan Mbabazi, Deputy University Secretary-Mr. Simon Kizito, BRAC Uganda Country Director- Ms. Spera Atuhairwe and officials from Makerere and BRAC.
In his welcome remarks, Prof. Nawangwe congratulated BRAC upon commemorating 50 years of existence, noting that Makerere is proud to work and associate with the largest international development organization in the world, which was founded in the global South. He added that Makerere has since the Government’s introduction of affirmative action of 1.5 additional points for the girl child in 1990 been at forefront empowering women to access higher education at the institution.
“Most of the best schools in Uganda that were set up during the colonial era were for boys, which meant that girls were historically disadvantaged. Affirmative action has helped increase the enrolment of women from 10% to 52%” he added.
Makerere has since 1990 picked up the affirmative action baton and pioneered the gender mainstreaming agenda on the African continent. The Vice Chancellor added that the University’s gender mainstreaming efforts are have hugely impacted the leadership of public and private entities, with many Chief Executive Officers, Members of Parliament, leaders in academic and elsewhere being alumnae of Makerere.
Prof. Nawangwe nevertheless acknowledged that a lot remains to be done in terms of improving the number of women in leadership positions, and reiterated the University’s commitment to accomplish this through her Strategic Plan 2020-2030. The fourth pillar of Makerere’s strategic plan envisages “A Professionally Governed, Equitable, Inclusive and Gender Mainstreamed Institution”. He therefore thanked the Executive Director and his delegation for personally coming to Makerere to sign the MoU and reassured them of Management’s readiness to see to it that all activities therein are successfully undertaken.
Mr. Sherman Abed in his remarks congratulated Makerere upon commemorating 100 years of impactful existence and acknowledged that this was not the first time BRAC was collaborating with the University. He noted that the two institutions had in the past undertaken research projects and that BRAC was once again honoured to be collaborating with the premier university in the region.
“We are building the Sir Fazle Hasan Abed Fellowship across four universities at the moment. We have Brac University and the Asian University for Women, and Makerere University with whom we are very excited to sign the MoU today, and the University of Dar es Salaam” remarked Mr. Abed.
The Fellowship is part of BRAC’s Women Leaders Programme aimed at recognizing talented women and supporting their development and career progression. It is envisaged that through the fellowship Makerere University alumnae will become part of a stimulating women empowerment journey as a pathway to societal leadership roles.
The Executive Director added that BRAC as a result of working in some of the most vulnerable and marginalized communities in Asia and Africa is in a very unique position to drive South to South collaborations. “We are really excited to grow our work on the African continent and it is a very important focus area for us in our future direction.”
The Regional Director, Ms. Kayombo had earlier noted that BRAC’s work on the African continent started in Uganda, which is also home to its largest programme, “and so it is only fitting that we are here at Makerere today to sign this MoU”.
Speaking on behalf of Fellowship’s coordinating unit, the Gender Mainstreaming Directorate (GMD), Ms. Mbabazi expressed readiness to work with BRAC to enhance the position of women in leadership through the various activities. She noted that five out of the ten strategic areas of Makerere’s Gender Mainstreaming Policy are aligned with the proposed partnership with BRAC, especially with regard to women in leadership.
“A lot has been achieved to date; Makerere has supported over 1,200 female students with scholarships, which is very important for this partnership because it has created a pool of women who will eventually scale the leadership ladders” she explained.
Ms. Mbabazi added that GMD has with the support of various partners availed over 200 women with scholarships to pursue Masters and PhD programmes at Makerere. “Over 500 mid-level and senior staff of this University have benefited from our training programmes for women in leadership, and we have gone beyond the gates of Makerere and partnered with other public universities in Uganda to promote women in leadership and decision making.”
A proud alumna, the BRAC Uganda Country Director Ms. Spera Atuhairwe expressed joy at being back at her Alma mater after 25 years and seeing all the infrastructural development. She noted that BRAC has since its establishment in Uganda been committed to empowering communities both socially and economically with a special focus on women.
BRAC’s programmes in Uganda cut across the education sector, health sector as well as emergency and humanitarian response. Under education, the organization supports early childhood, secondary and university education through scholarships. The organization also works closely with community health workers who monitor and provide last-mile services to reduce challenges related to maternal and child health.
The organization through its emergency and humanitarian response initiative supports communities to build resilience to shocks and challenges associated with poverty. BRAC achieves this through providing these households with assets, opportunities, skills and access to financial services. The organization also supports agriculture at lower levels by availing farmers with improved seeds.
Makerere University Retirement Benefits Scheme (MURBS) has hit a historic UGX 547 billion valuation following an impressive 15.14% growth in the 2025/2026 financial year.
The growth was revealed during a review meeting of the MURBS performance held at Makerere University Main Administrative Building on October 27 2026 where the scheme announced to the sponsor Makerere University, and other stakeholders that the booming portfolio will directly benefit its close to 8,000 members.
This presentation primes the upcoming October 29 MURBS 16th Annual General Meeting (AGM), where they will officially declare this year’s highly anticipated interest rate to the general members.
Chairperson’s Statement on the Scheme’s Performance FY 2025/2026
Dr. Michael Kizito, Chairperson MURBS Board of Trustees, presented the scheme’s success, noting it is rooted in a deep sense of responsibility. He said “prudent stewardship guides our (MURBS) actions, and every contribution invested to MURBS carries an expectation of future security.”
MURBS’ commitment to members is further checked in the scheme’s transition in sync with statutory regulations, and ensuring fairness and transparency for all. In line with this, Dr. Kizito discussed pro rata interest calculation methodology as the new trend for MURBS. Pro rata key features include; contributions earning interest from time of receipt, interest compounding and stopping at exit.
Demonstrating a clear focus on maximising member yields, Dr. Kizito also discussed operational expenditure saying even with an increase in the administrative costs, they have kept below the budgeted percentage.
Going past the balance sheets, Dr. Kizito echoed MURBS’ dedication to the over 3,000 active members building their dreams and the close to 5,000 retired members enjoying the fruits of their long service.
At the back of MURBS dedication, he recognised the ambassadorial framework that was designed to support incoming trustees and the proactive efforts to reach members.
As Dr. Kizito concluded, he expressed gratitude for support and reception from University Council, Management, URBRA Uganda, Trustees, Ambassadors and MURBS members.
He reiterated the scheme’s focus remains on innovation, governance, and growth which will continue to be achieved through digital transformation to improve service delivery and ensuring every member’s records are up to date.
All this is done in effort of ensuring that when the time comes for a member to retire, they do so with confidence and financial peace of mind.
MURBS Evolution From High Risk to a Benchmark Scheme
Ms. Daisy Lynda Nabakooza, Chief Manager Supervision and Market Conduct at Uganda Retirement Benefits Regulatory Authority (URBRA) recognised MURBS success saying it “comes from the good working relationship” between its trustees and experts, and that “the MURBS trustees usually have the information on hand,” which “is a plus.”
On the status/impression of the fund, Ms. Nabakooza revealed that ten or so years ago, when she had just joined URBRA, MURBS was one of those schemes that was “high risk” due to “unremitted contributions.” Thankfully, “the sponsor Makerere University has since embarked on having these unremitted contributions, remitted over a period of time.”
Now, “MURBS has become a benchmark for many schemes.” Ms. Nabakooza said as a regulator, they “really commend MURBS on the work done in terms of compliance.”
Ensuring a Dignified Retirement for Staff through MURBS
Professor Henry Alinaitwe, representing the Vice Chancellor emphasised the ultimate goal is the well-being of the university community during and after service. He referenced a local proverb, saying, “Buto n’ekorera bukuru,” explaining that “when we are here, and still young and working, what we are able to do and put aside will help us in the future.”
He expressed the University’s strong commitment to staff welfare, saying, “we do not want to see ourselves or fraternity really suffering when they are leaving university or when they have since left the university. We want to see people living well and prospering even in their retirement.”
Professor Alinaitwe acknowledged the work done by MURBS team in growing the scheme noting that since 2021, the fund has more than doubled raising from UGX 225 Billion to over UGX 500 Billion. The Vice Chancellor concluded his message by pledging Makerere University‘s good will to ensure sustenance of the fund for a dignified future of its staff.
The Chairperson of Council Dr. Lorna Magara in her message delivered by Hon. Daniel Fred Kidega expressed genuine satisfaction with the current trajectory of the retirement scheme, noting, “I want to congratulate the trustees, the management of MURBS, for maintaining a healthy organisation. When I was looking through the figures, I felt very happy.”
This financial health is not just a statistic but a foundation for the staff’s future. The Chairperson urged the leadership to “maintain the good health of the scheme and let members enjoy their savings.”
Beyond the numbers, the Chairperson Makerere University Council made a heartfelt plea to the board on human impact of the scheme, stating, “I plead with the board of trustees, to avoid delays when it involves the living families of members who are no longer there in service; dead or retired.”
Ultimately, as shared by Hon. Kidega and Professor Alinaitwe, the University vision is ambitious, it involves making MURBS one of the best retirement schemes on the continent and in the world where even those still in service can access resources and make their life better.
About MURBS
Makerere University Retirement Benefits Scheme (MURBS) is a mandatory employer scheme for Makerere University staff, established by the university under an irrevocable trust. On 23 April 2010, MURBS was registered as a corporate body under the Trustees Incorporation Act, CAP. 165, and it commenced operations on July 1 2010.
Following the enactment of the Uganda Retirement Benefits Regulatory Authority Act, 2011, MURBS was established as a voluntary occupational scheme under the new law. The scheme is licensed by URBRA (License Number RBS.0005).
On 21 June 2021, the Minister responsible for Finance, Planning and Economic Development exercised his powers under the law to approve MURBS as a superannuation scheme in the “Exempted Employment” category under the NSSF Act.
The two-week training programme aims to equip government officers with practical skills to assess project viability, manage investment risks and ensure public resources deliver value for money.
The Public Investment Management Centre of Excellence (PIM CoE) is strengthening the capacity of government officers to undertake financial appraisal and risk analysis of public investment projects through a two-week training programme designed to improve the quality of project preparation, appraisal and decision-making in Uganda.
The training, which started in Fort Portal on October 19, 2026, brought together participants from various government ministries, departments and agencies (MDAs), alongside facilitators from Makerere University, the Ministry of Finance, Planning and Economic Development, Cambridge Resources International (CRI), the National Planning Authority and the Uganda Development Bank.
Officially opening the training on behalf of the Permanent Secretary/Secretary to the Treasury, Ms Esther Ayebare, Acting Assistant Commissioner in the Project Analysis and Public Investment Department of the Ministry of Finance, Planning and Economic Development, emphasised the importance of rigorous project appraisal in strengthening Uganda’s public investment management system.
She noted that projects admitted into the public investment plan must be aligned with national priorities, technically sound, financially viable and capable of delivering value for money.
“Government must be able to compare investment alternatives and ensure that only viable projects proceed through the public investment process,” she emphasised.
Ms Ayebare explained that sound appraisal enables government to make informed investment decisions, maximise returns on public expenditure and ensure that limited public resources are directed towards projects with the greatest potential to deliver development outcomes.
Building practical skills for better investment decisions
The training builds on the Public Investment Management course conducted in June, which introduced participants to Uganda’s public investment management framework, including project conceptualisation, stakeholder analysis, project costing, implementation action plans, the Integrated Bank of Projects, and monitoring and evaluation of public investment reforms.
The current programme advances this foundation by equipping participants with technical competencies in financial appraisal, financial modelling and risk analysis.
Participants will explore integrated investment appraisal, alternative investment criteria, cash-flow statements, inflation and exchange-rate movements, asset valuation, project financing, project scale and timing, risk-sharing arrangements and cost-effectiveness analysis.
Through practical exercises and case studies, participants will apply these concepts to investment scenarios in sectors such as roads, health, education and water. The programme will also examine how climate change, social considerations and other risks can be integrated into project preparation and appraisal.
Ms Ayebare encouraged participants to engage actively with the facilitators, question the practical application of the tools and consider how the skills acquired could improve investment decisions within their respective institutions.
She also reminded participants that the programme includes an examination and that certification requires more than attendance. Participants are expected to demonstrate an understanding of the concepts and acquire practical skills that they can apply in their work.
Reducing dependence on externally prepared studies
A key objective of the training is to strengthen the ability of government institutions to undertake high-quality project appraisal studies using their own technical teams.
Ms Ayebare observed that many studies submitted to the Development Committee have traditionally been prepared by external consultants, often at considerable cost. Building the capacity of public officers to conduct these studies independently can help institutions strengthen their technical expertise and improve the quality of project proposals presented for consideration.
She urged participants to take full advantage of the facilitators’ expertise and return to their institutions equipped to undertake sound financial appraisals and provide evidence-based advice to decision-makers.
She further emphasised that project approval requires thorough preparation, analysis and justification, rather than simply identifying available funding and proposing a project to utilise it.
Strengthening public investment management through capacity development
In his remarks, Prof. Edward Bbaale, Director of the PIM CoE, thanked the Ministry of Finance for its financial support and for identifying participants from government institutions. He also recognised the contributions of the facilitators and partner institutions in delivering the programme.
Prof. Bbaale noted that the Centre’s work extends beyond training to include research and advisory services aimed at improving public investment management practices. He encouraged continued collaboration with government institutions and other partners to advance research, knowledge sharing and capacity development.
Speaking during the training, Dr John Sseruyange, Manager of the PIM CoE, highlighted the importance of commitment, active participation and punctuality throughout the programme. He encouraged participants to engage with the facilitators, ask questions and apply the knowledge gained to the projects they support.
Dr Sseruyange also acknowledged the Government of Uganda, through the Ministry of Finance, Planning and Economic Development, for financing the training, and appreciated Cambridge Resources International for its continued support towards improving public investment preparation and analysis in Uganda.
The training reflects ongoing efforts to strengthen Uganda’s public investment management system by equipping public officers with the knowledge and practical competencies needed to assess projects rigorously, identify potential risks and make informed investment decisions.
By developing in-house expertise across government institutions, the programme seeks to contribute to better-prepared projects, more efficient use of public resources and improved delivery of Uganda’s development priorities.
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