General
MURBS Trustees Declare 12.34% Interest for FY 2022/2023
The Makerere University Retirements Benefits Scheme (MURBS) on 26th October 2023 declared an interest of 12.34% on members’ balances for the financial ended 30th June 2023. The declaration was made at the MURBS 13th Annual General Meeting (AGM) held on Thursday 26th October 2023 in the Yusuf Lule Central Teaching Facility Auditorium. The MURBS Fund value grew from UGX 299billion at the start of Financial Year 2022/2023 to UGX 352billion as at 30th June 2023. This growth resulted in a net return of UGX 42billion, which was distributed to members as interest.
The declaration was preceded by a presentation of the MURBS Performance for Financial Year 2022/2023 to members of the University Council and Management at a meeting held on Tuesday 24th October 2023 at the Telepresence Centre, Senate Building, Makerere University. The presentation was attended by the Chairperson of Council, Mrs. Lorna Magara represented by the Chairperson Finance, Planning, Administration and Investment Committee (FPAIC) of Council, Mr. Bruce Balaba Kabaasa, the Vice Chancellor, Prof. Barnabas Nawangwe represented by the University Secretary, Mr. Yusuf Kiranda, Acting Deputy Vice Chancellor (Finance and Administration), Prof. Winston Tumps Ireeeta, Director Quality Assurance, Dr. Cyprian Misinde, Acting Director Human Resources, Mr. Deus Tayari Mujuni and Acting Dean of Students, Mr. Peter Rivan Muhereza. The CEO Uganda Retirements Benefits Authority (URBRA), Mr. Martin A. Nsubuga was represented by his Head of Supervision, Mr. Lubega Rodgers.
During the Year, the Trustees operationalised the Trust Deed and Scheme Rules (TDSR) as amended on 30th May 2023. Overall, the amendments facilitated governance, policy, and operational changes and enhancements, further streamlining and strengthening the Scheme. Effective with the new TDSR, the Board composition changed from five (5) to seven (7) Trustees. As at 30 June 2023, the Board was composed of six (6) Trustees, pending appointment of the independent Trustee.
Changes in the Board of Trustees
During the year, the Board discharged one member and appointed three members. The changes involved the retirement of Mr. Wilber Grace Naigambi who completed his term on 31 March 2023 and he was replaced by Dr. Elizabeth Patricia Nansubuga as MUASA’s representative. In a special way, the Trustees recognise and appreciate the contribution of Mr. Wilber Grace Naigambi, who served on the Board of Trustees from 2016 to 2023. In addition, Dr. Deus Kamunyu Muhwezi and Mr. George Bamugemereire, who are Council representatives, joined the Board in May and June 2023 respectively.
Presentation of FY 2022/2023 Performance
Presenting the 2022/2023 performance on behalf of the Chairperson, Dr. Elizabeth Patricia Nansubuga, the Secretary Board of Trustees, Dr. Godwin Kakuba announced that on June 2021, MURBS became the first mandatory Employer-based Scheme in Uganda. Furthermore, he shared that the aforementioned TDSR amendment of 30th May 2023 that changed the Board of Trustees’ size from five to seven also introduced the “Midterm” access by members to 12% of their accrued benefits, provided they are at least 45 years old and have saved with the Scheme for at least ten years .
The Chairperson’s presentation nevertheless cautioned that whereas members were entitled to Midterm access of their funds, it had long-term effects on fund value and return on investment of their cummulative retirement benefits. For example, due to Midterm access in 2022/2023, sixteen Members’ savings shifted from the UGX 200-250million to the UGX 150-200million range, while five members shifted from the UGX 50-100million to the below UGX 50million range.
The shifts due to Midterm access notwithstanding, one members’ savings moved from the UGX 400-450million to the UGX 450-500million range, while three members joined the UGX 400-450million range. The largest number of members; 1,640 out of a total of 3,041 active accounts (53.9%) fall in the category of savings below UGX 50million, a slight improvement from 54.8% last year.
“In a period of five years the Scheme has moved from no one holding benefits above UGX 250million to having 270 members holding benefits above UGX 250million with five of them being above UGX 400million as of 30th June 2023… The Scheme strives to move more members from the lower bands to the upper bands by ensuring timely collection and prudent investment of their contributions” remarked Dr. Kakuba on behalf of the Chairperson.
Dr. Kakuba concluded the Chairperson’s presentation by thanking the University Council and Management for their cooperation and timely remittance of all members’ contributions to the fund. “We thank all the stakeholders who have worked with MURBS to ensure a successful Financial Year, in a special way, we thank you the sponsor for making time for this occasion.”
Responses to Chairperson’s presentation
Responding to the presentation, Mr. Bruce Balaba Kabaasa appreciated the Board for successfully sustaining the Scheme’s operations for the last thirteen years. He nevertheless urged the Trustees to consider a long and detailed strategic plan to serve as the blueprint for the Scheme Funds’ management and investment, so as to safeguard member benefits from challenges that may arise as the value appreciates.
“I am particularly happy that those of you who have been at the forefront of agitating for staff welfare are now very close to the management of MURBS”, he added in reference to Dr. Deus Kamunyu, former Makerere University Academic Staff Association (MUASA) Chairperson.
Mr. Kabaasa nevertheless took difference with the MURBS opinion that Midterm access to funds before retirement should be discouraged. He noted that from the sustainable development perspective, “you don’t compromise today because you are planning for the future.
“My view therefore, is that man or woman should be given an opportunity closer to retirement to start putting one leg into the waters to test how deep they are in order to be able to put in both legs later, well knowing the depth of the river or lake” he remarked. This he justified by noting that it is better for one to lose 12% of their retirement benefits to poorly researched investment now, than lose 100% at retirement when they have no chance for reprieve.
On this note, Chairperson FPAIC urged MURBS to step up its member education programmes on what works or doesn’t work for various investment vehicles they are likely to engage in. “You should be involved in making sure that our people have the required skill, the required mindset and the required understanding of the opportunities available within our economies and beyond.”
Delivering the Vice Chancellor’s remarks, Mr. Kiranda noted “the story of MURBS is simply one of the many good stories that will continue to stream out of Makerere year after year.” He added that “The Chairperson’s presentation of MURBS’ good performance for the year 2022/2023 is very much appreciated by the University Management for it encourages the employees of Makerere University to remain focused on their core mandate, confident that their retirement benefits are secure.”
He lauded the MURBS Board of Trustees for upholding professionalism and integrity, noting that the University Management has not received complaints concerning retirement benefits from any former employee of Makerere University over the last five years. The Vice Chancellor equally acknowledged the tremendous contribution by the Government of Uganda to a thriving sector by paying salaries on time, contributing to retirement benefits and creating an enabling environment for Schemes and their service providers to invest member funds.
On the subject of Midterm access, Mr. Kiranda re-echoed the Chairperson Council’s call to invest more in training members on how best to invest their retirement benefits. “Chairperson (of MURBS Board of Trustees), Management committed to work with you to do further sensitization and that commitment is still open.”
On behalf of the CEO URBRA, Mr. Lubega commended the MURBS Board for always addressing matters raised by the regulator during onsite inspections. He noted that the retirement benefits sector growth over the last ten years has not been by coincidence, but rather due to strengthened supervision. According to the URBRA website, Uganda currently has UGX 20.56trillion worth of assets under management in the retirement benefits sector.
“I am happy to communicate that Makerere University Retirement Benefits Scheme is one of those schemes that have really implemented these regulations of retirement benefits… the controls put in place by this Scheme can actually show you that they are moving in the right direction so thank you so much Board” commended Mr. Lubega.
Delivering the closing remarks at the presentation, Mr. Bamugemereire thanked all members and service providers for attending the event, reminding all present that planning for retirement starts the day one is employed. As a Trustee, he appreciated the lengths that URBRA goes through to ensure that Trustees are well trained and equipped to perform their duties. “I want to inspire you with confidence that the Scheme is in safe hands.”
Hosts Makerere University have officially kicked off the East African Universities’ Debate Championship EAUDC ZAABU 2026, bringing together student debaters, university leaders, and representatives from universities across the region to promote intellectual engagement, critical thinking, leadership development, and regional collaboration. The championship provides a platform for students to exchange ideas, strengthen public speaking skills, and develop solutions through constructive dialogue. This year’s theme is: From Dialogue to Action: The Role of Youth in Africa’s Transformation.
The event reflects Makerere University’s continued commitment to nurturing student leadership, academic excellence, and regional integration by providing opportunities for young people to engage in meaningful discussions and build networks beyond national borders.
Debate as a Platform for Regional Engagement
Chairperson of the Organizing Committee and Makerere University Debate Union (MDU), Mr. Arthur Akatwijuka highlighted the importance of hosting the championship and bringing together universities from different countries across East Africa. He noted that the event demonstrates the role of debate in connecting young leaders, promoting intellectual diversity, and strengthening collaboration among institutions of higher learning.
‘We are excited to have representation from the different countries and universities. This championship is not only about competition but also about creating a platform where young leaders can engage, share ideas, and shape the future of our region,’ said Mr. Akatwijuka.
Mr. Akatwijuka further explained that the championship provides participants with an opportunity to learn from different perspectives, develop confidence, and build skills that will contribute to their leadership journey. He encouraged students to embrace the experience as a platform for knowledge exchange and regional cooperation.
Reaffirming Makerere University‘s Commitment to Regional Integration
Speaking on behalf of the Vice Chancellor, Deputy Vice Chancellor (Finance and Administration), Prof. Henry Alinaitwe reaffirmed Makerere University’s commitment to advancing regional integration and nurturing future leaders through the EAUDC2026. He descried the championship as a vital platform for strengthening collaboration among universities.
‘Makerere was the first university in East Africa, so you are coming back home. This is your university, and its doors are always open to you,’ said Prof. Alinaitwe.
The Deputy Vice Chancellor noted that the championship builds on Makerere University‘s efforts to promote youth leadership and regional cooperation through debate. He said the competition equips participants with critical thinking, communication, research, and leadership skills while fostering unity among East African youth. ‘As we debate regionally, we are strengthening regional integration. By coming here, articulating your points and convincing others, you are being groomed to become formidable leaders and a force for production and transformation in our societies,’ he said.
Prof. Alinaitwe emphasized that beyond the competition, the championship creates opportunities for participants to build regional networks and lasting partnerships that can support future academic, professional, and leadership opportunities. He encouraged all participants to view themselves as winners for contributing to East Africa’s shared vision of integration and development.
‘All of us are already winners simply by participating in this championship. Whether you finish first or sixth, you have strengthened your skills and contributed to building the future of our region,’ stated Prof. Alinaitwe.
Developing Responsible Leaders Through Debate
The Dean of Students Makerere University, Dr. Winifred Namuwonge Kabumbuli warmly welcomed participants and described the championship as an important opportunity for developing responsible and innovative leaders. Dr. Namuwonge noted that debate enables students to improve their communication skills, engage with diverse perspectives, and become better prepared for future leadership roles.
Dr. Namuwonge encouraged participants to uphold integrity, respect different viewpoints, and use the championship as a platform for learning and cultural exchange. ‘Makerere University is proud to host this championship because debate develops leaders who can engage society with knowledge, confidence, and respect,’ Dr. Namuwonge noted.
Communication Skills for Future Leaders
The Electoral Commission Uganda, Head of Public Relations and Spokesperson, Mr. Julius Mucunguzi congratulated the organizers and participants for promoting intellectual dialogue through the championship. He emphasized that debate plays a significant role in preparing young people to communicate effectively and participate in leadership.
Mr. Mucunguzi explained that the skills acquired through debating extend beyond competition and are valuable in professional and public spaces. ‘Debate equips young people with the ability to think critically, communicate effectively, and contribute meaningfully to society. Makerere is proud to provide this platform for East Africa’s future leaders.’
He encouraged students to continue embracing debate as a tool for knowledge sharing, understanding different perspectives, and contributing positively to society.
Transform Dialogue into Action
The keynote speaker and Executive Secretary of Inter University Council for East Africa (IUCEA), Prof. Idris A. Rai who was represented by Dr. Gervais Ndayizeye challenged young people across East Africa to move beyond discussions and take action in addressing challenges facing the continent. He described the championship as a platform for developing future leaders, innovators, and problem-solvers who will contribute to Africa’s transformation.
‘We wish that the end comes not only with debate but with action. The role of youth in African transformation is very important,’ the keynote speaker said.
Dr. Ndayizeye emphasized that young people, who make up more than 70 per cent of Africa’s population, have the potential to turn challenges into opportunities through innovation, entrepreneurship, and leadership. He encouraged the youth to change their mindset from seeking employment to creating solutions and opportunities for others.
‘The question should no longer be, ‘Who will employ me?’ The new question should be, ‘What problem can I solve?’ challenged Dr. Ndayizeye.
Dr. Ndayizeye urged young leaders to actively participate in governance by voting, engaging in public affairs, and holding leaders accountable. He also highlighted the importance of East African integration, calling on young people to embrace regional cooperation and take advantage of opportunities across member states.
‘You must vote. You must engage. You must contribute. You must hold leaders accountable. You must become part of the leadership,’ Dr. Ndayizeye stated.
He further stressed that discipline is essential for success, noting that talent and education must be supported by commitment and responsibility. ‘Talent without discipline is wasted potential. Discipline is what transforms goals into achievements,’ Prof. Idris said.
Concluding his remarks, Dr. Ndayizeye challenged participants to become innovators, responsible citizens, and creators of opportunities who will turn ideas into action. ‘This generation will be remembered as the generation that transformed dialogue into action, challenges into opportunities, and possibilities into progress. The future of this East African Community is sitting in this room today,’ he concluded.
EAUDC ZAABU 2026 is organised by the Makerere University Debate Union (MDU), the official student organization that promotes debate, public speaking, poetry, and critical discourse. The debate will be held from 27th to 31st July 2026 at the Yusuf Lule Central Teaching Facility.
When a delegation from Mbarara University of Science and Technology (MUST) visited Makerere University on 23rd July 2026, one of the biggest discussions was how universities can effectively manage research grants.
The MUST delegation, led by Vice Chancellor Prof. Pauline Byakika Kibwika, visited Makerere to learn from the University’s experience in managing externally funded research projects. During the meeting, Makerere Vice Chancellor Prof. Barnabas Nawangwe revealed that while MUST managed research grants worth about UGX 13 billion in the last financial year, Makerere’s research portfolio now stands at approximately USD 250 million.
The discussion focused on the systems, policies and accountability measures that have enabled Makerere to manage one of the largest research portfolios in Africa.
Research Funding Built on Trust.
Prof. Nawangwe explained that Makerere’s research funding comes from different colleges and research units.
He noted that the Infectious Diseases Institute (IDI) alone attracts about USD 70 million annually, while the School of Public Health receives approximately USD 30 million each year. Together, the two units account for nearly USD 100 million in research funding.
He said these grants are made possible because development partners trust the University to manage public resources responsibly.
“We must ensure proper accountability so that we don’t lose the trust of our donors and continue benefiting from their support,” Prof. Nawangwe said.
How Makerere Manages Research Grants.
Acting University Secretary Mr. Simon Kizito took the MUST delegation through the key requirements that every grant funded project must meet under Makerere’s Grants Administration and Management Support Unit (GAMSU).
He explained that every research project must first be included in the University’s approved budget in line with the Public Finance Management Act before any funds can be spent.
He also emphasized that procurement under research grants must comply with the Public Procurement and Disposal of Public Assets (PPDA) Act, regardless of the donor’s procurement guidelines.
“The Auditor General will pounce on you” if procurement procedures are not followed, he cautioned.
Mr. Kizito further explained that all assets purchased using grant funds, including vehicles and equipment, must be recorded in the University’s central assets register unless the funding agreement states otherwise.
He added that separate project bank accounts can only be opened with approval from the Accountant General, while all projects must submit both financial and narrative reports to funders and government and undergo regular audits.
University Bursar Mr. Evarist Bainomugisha noted that although grant funds do not appear directly in the University’s main financial statements, they are fully disclosed in the notes to the accounts and are audited annually before reports are submitted to Parliament.
Lessons from the Research and Innovation Fund.
The delegation also learnt about the Makerere Research and Innovations Fund (Mak-RIF).
Representing the Fund, Dr. Roy William Mayega said Mak-RIF has invested about UGX 172 billion in research and innovation over the last seven financial years.
He explained that 70 percent of the funding supports competitive research grants, 10 percent is reserved for projects addressing national priorities, while the remaining funds support monitoring, evaluation and dissemination of research findings.
According to Dr. Mayega, the Fund has so far supported 1,480 research and innovation projects, with 53% completed and 47% still ongoing.
Looking Beyond Research Grants.
Director of Research, Innovation and Partnerships Prof. Robert Wamala encouraged the visiting delegation to look beyond simply winning research grants.
He emphasized the importance of investing in strong internal systems, using artificial intelligence to improve efficiency, and ensuring that research leads to publications, patents, commercialization and partnerships with industry.
He noted that universities should not only focus on attracting grants but also on translating research into solutions that benefit society.
Learning from Makerere’s experience.
Prof. Pauline Byakika Kibwika said MUST recently established a Research Institute to coordinate research activities and grant management under one structure. She explained that the University wanted to learn from Makerere’s experience as its own research portfolio continues to grow.
“We have come to learn from your achievements as well as the challenges, so that we can do things better,” she said.
She added that the visit marks the beginning of closer collaboration between the two institutions, with a follow up technical engagement planned to allow the MUST team to learn more about Makerere’s grant management systems, including the GAMSU online platform.
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