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MURBS Fund Value Grows to UGX 409.2 Billion

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By: Ritah Namisango

Dr. Elizabeth Patricia Nansubuga, the Board Chairperson of the Makerere University Retirement Benefits Scheme (MURBS), has announced that the MURBS fund value has grown to UGX 409.2 billion as of the 2023/24 financial year.

Dr. Nansubuga made the announcement during the presentation of the MURBS Performance Report for the 2023/24 financial year, which ended on June 30, 2024. The report was presented to members of the University Council and Management at a meeting held on October 22, 2024, at the Makerere University Telepresence Centre, Senate Building.

The meeting, which preceded the Annual General Meeting scheduled for October 24, 2024, was attended by several key figures, including Vice Chancellor Prof. Barnabas Nawangwe, University Secretary Mr. Yusuf Kiranda, Acting Deputy Vice Chancellor for Finance and Administration Prof. Henry Alinaitwe, Acting Deputy Vice Chancellor for Academic Affairs Prof. Buyinza Mukadasi, and a representative of the CEO of the Uganda Retirement Benefits Regulatory Authority (URBRA), Cosmas Ssenyonga, among other dignitaries.

MURBS is the mandatory scheme for Makerere University staff. It was established under irrevocable trusts with effect from 1st April 2009. It was set up by Makerere University for the purpose of providing retirement benefits to employees of Makerere University upon retirement from the University.

A section of the audience follow proceedings.

In her address, Dr. Nansubuga emphasized that, over the last 14 years, MURBS has grown into the fourth-largest retirement benefits scheme in Uganda by fund value and is regarded as one of the best-managed schemes in the country.

She acknowledged the efforts, hard work, commitment and resilience of the past and current leaders for the continuous growth of the scheme.

“MURBS Trustees have worked through different challenges in the past years to make it a strong scheme. These challenges have also enabled the trustees to develop and establish good relations with different sector players and its principal stakeholders,” she said.

The Financial Year 2023/24 under review marked the beginning of the implementation of the Board’s new Strategic Plan (23/24 – 27/28) which is centered around four strategic pillars – Member satisfaction, Financial Sustainability, Institutional capacity, and Stakeholder satisfaction.

She explained that through this they have been able to grow the fund value of the scheme by 16.1% from last financial year. She explained that although they did not reach their goal of improving the fund value by 17%, they appreciate the stakeholders for the milestone reached.

“By 30th June 2023, MURBS had a fund value of 352.4 billion. The Trustees targeted Fund growth of 17%, and I am glad to inform you, that the fund value of MURBS, as per the Audited Financial Statements of 30th June 2024 is 409.2 billion, which is an increase of 16.1%, failing to hit the target by less than 1%. This achievement was made possible by strategic periodical activities undertaken by the Board and our fund managers, supported by the strong oversight committees of the Board,” she stated.

Dr. Elizabeth Patricia Nansubuga

She further shared that MURBS was able to improve the funds’ value after having an impressive financial performance, recording a net investment income of UGX 44.6 billion, far higher than the UGX 34.4 billion was collected in contributions during the financial year.

“The Performance filters down to all members through the interest that has been declared for the Financial Year 2023/2024. The Trustees will declare the interest on members’ balances during the Annual General Meeting on October 24, 2024,” she said.

It is against this background that Dr. Nansubuga revealed that the interest that the Trustees are awarding with respect to the Financial Year that ended 30th June 2024 will be higher than the one awarded last Financial Year. The very figure will be declared at the members’ AGM on Thursday, 24th October 2024. 

Dr. Nansubuga further revealed that in order to have members who are grounded in protecting the benefits of the members, the Trustee made a decision to train its staff in Tax, Corporate Governance, Digital Trust and Cybersecurity, Investment opportunities in the Downturn landscape, Data Protection and Privacy Awareness, among others.

Dr. Godwin Kakuba -Secretary, MURBS Board of Trustees

“Aware that one of the most common risks to a retirement benefits scheme is having members of the Board of Trustees who are not fully empowered to undertake their responsibility of governing the Scheme, the Trustees set out to strengthen the Board of Trustees’ capacity in various skills during the year,” she said.

“The Scheme recruited staff to focus on project remittances but also maintained all its staff who crossed over from the 2022/2023 FY. The Trustees are glad that the impact of the training undertaken is reflected in the execution of the different officers’ roles,” added Dr. Nansubuga.

“As of July 2023, 1153 members had benefits above 100 million, and by June 2024, 1166 members held benefits above 100 million even after giving out Ushs11 billion in Mid-term Access benefits. In addition, the FY started with only one member having at least half a billion but we closed with four members having at least half a billion and a total of 538 members with benefits over Ushs250 million,” she said.

Dr. Nansubuga also informed the conference that MURBS received its 7th Fire Award in the category of Retirement Benefits Schemes this year in recognition of their continuing excellence. This award reflects MURBS’ performance in comparison to her industry counterparts.

Dr. Nansubuga also used the opportunity to express her gratitude to Makerere University management for their ongoing assistance in ensuring prompt remittance of all contributions.

Vice Chancellor Prof. Barnabas Nawangwe

“At this moment, allow me to appreciate the Sponsor for remitting all the contributions to the FY ended. In the same vein, MURBS appreciates Makerere University Council and the Government of Uganda for paying the final installment of the In-house debt. Going forward, the university is assured of very good publicity concerning its handling of retirement matters at Makerere University,” Dr Nansubuga said.

Speaking at the event, Vice Chancellor Prof. Barnabas Nawangwe who first gave a history of the previous schemes that the University community used previously, underscored the importance of the scheme in giving confidence to the University’s staff. 

“This scheme is extremely important to our staff because it is the only scheme which saves money for them, such that when they retire, they have a package. So, this is extremely important to our staff that even when they retire, they will live a normal life,” Prof. Nawangwe explained.

The Vice-Chancellor thanked the MURBS board of trustees for ensuring that the fund’s value grows by 40 plus billion shillings.

 “I cannot thank the board of trustees enough, the managers, and administrators, for a job well done. I congratulate you for all those awards you have won, and it is just for Makerere to set the bar for the rest,” he said. 

Professor Nawangwe called upon the MURBS Board of Trustees to consider investing in the Makerere Masterplan, which is seeks to develop the university’s territory around the country.

“I encourage MURBS to get interested in the Makerere University investment and development plans so that it is not just developers who have no connection that benefit, but the staff themselves who have worked for the University diligently for a long time, they can benefit from investments on this land,” he suggested.

On his part, Mr. George Bamugemereirwe, one of the board trustees thanked the University Management and Council for empowering MURBS.

“I want to commend the management of Makerere University for taking the initiative to think ahead, plan for people, and to invest for the future because retirement is a must,” he said.

 “The danger of retirement is that it can be traumatic, some are lucky to have a full career, but I can tell you that there are very few jobs these days that can tolerate you for life. Contract jobs where you serve for a specific number of years are on the rise,” he added.

Mr. George Bamugemereirwe, representative of Mak Council on the Board of Trustees

Mr. Bamugemereirwe stressed that retirement is very vulnerable for many individuals and therefore Makerere staff’s benefits should been safeguarded like it has been duly done by MURBS.

“Retirement is a very vulnerable time for many people and many actually fall victim to scammers’ loss, You’ll be vulnerable to a scammer who will come trying to advise on how to invest your money. So we thank MURBS that they have put measures to safeguard, and ring-fence workers’ money,” he said.

On his part, Mr. Cosmas Ssenyonga who represented the CEO of Uganda Retirements Benefits Regulatory Authority (URBRA), thanked Makerere University management for always remitting contributions on a timely basis which has allowed the scheme to have that great performance.

“I want to thank the sponsors of this scheme which is the University management because without them I am not certain if the scheme would have had this kind of performance. They do remit contributions on a timely basis and that I can confirm because we receive quarterly returns on contributions,” he said.

Mr. Cosmas Ssenyonga represented the CEO of Uganda Retirements Benefits Regulatory Authority (URBRA)

Mr. Ssenyonga also praised the board of trustees for their adequacy in achieving their goal as a retirement benefit system, which is to ensure that their University staff enjoy a respectable life after they retire.

 “I commend the board of trustees; they have done good for not only the scheme but the entire sector. When study the operations of MURBS, in terms of performance indicators especially, the efficiency indicator, they rank among the first two,” Mr. Ssenyonga added.

Ssenyonga hailed the board of trustees for implementing best practices, which prompted URBRA to examine MURBS as a model scheme when considering how to strengthen governance of such entities.

Ritah Namisango

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CEES Empowers USE Students with Business Skills to Tackle Poverty

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In an effort to combat rising poverty and unemployment among youth, at least 400 students from four Universal Secondary Education (USE) schools have been equipped with entrepreneurial skills aimed at transforming their lives through income-generating projects. The initiative, led by a group of scholars from the College of Education and External Studies (CEES), seeks to provide practical solutions to poverty by fostering self-reliance among young people.

The training targets students, many of whom may not advance beyond senior four. “A majority of these students come from underprivileged backgrounds, making them an ideal group for this intervention,” explained Dr. Badru Musisi, the project’s lead investigator. Research informed this approach, highlighting that students from USE schools often face socioeconomic challenges that limit their educational and employment prospects.

The participating students, from Mityana SS, Nakanyonyi SS, Lweru SS, and Bombo Secondary School, underwent a 12-week intensive training program that was designed not only to teach them how to start a business but also how to sustain it. The first cohort, trained in 2021/2022, came from Mityana SS and Nakanyonyi SS, while Lweru SS and Bombo Secondary School followed in 2023/2024.

The project, dubbed “Imparting Entrepreneurship Skills in Universal Secondary Education Schools through Student Training for Entrepreneurial Promotion,” was spearheaded by Dr. Musisi and Dr. Rebecca Nambi, lecturers at Makerere University. It is funded by the Government of Uganda through the Makerere University Research and Innovation Fund (MakRIF).

L-R: Dr. Badru Musisi, Prof. Mugimu Christopher and Dr. David Kabugo award certificates to the students who completed the training. 

Bridging the Skills Gap

Unlike traditional government skilling programs that primarily focus on hard skills such as tailoring and plumbing, this project emphasizes soft skills, psychological preparedness, and business management techniques. Dr. Musisi stressed the importance of preparing young people mentally for the challenges of entrepreneurship, explaining, “Many youths are trained and given tools, but they end up selling them because they aren’t psychologically prepared for business.”

The project provides a holistic approach by combining psychology, entrepreneurship, and business administration. Students learn how to manage failure, identify viable business opportunities, and navigate the ups and downs of running a business. Those who lose their capital are guided to reflect on their mistakes and find ways to avoid them in the future.

Real-life Business Ventures

One key aspect of the training was providing students with startup capital—each group of five students received UGX 300,000. These groups were tasked with identifying and starting micro-businesses within their local communities. The results were promising: even those who initially struggled managed to recover. Dr. Musisi recounted the story of a group that, after losing much of their capital, pivoted to selling jackfruits in their community and soon turned a profit of UGX 400,000.

For many of the participants, the training has had a lasting impact. Senior three student Faizo Jjingo from Bombo SS used the marketing skills he learned to start his own juice business, which now helps him meet his basic needs. Another student, Christine Nayiga from Lweru SS, ventured into poultry farming and is now committed to expanding her business to serve her local community.

A Model for Wider Implementation

The project, which has so far received UGX 300 million in funding, is currently limited to the central region of Uganda. However, the scholars hope that with more government support, it can be scaled to other parts of the country. The success of the initiative has led students, such as Issa Nsubuga from Lweru SS, to advocate for its expansion to reach local communities and skill up school dropouts.

Ms. Juliet Nabirye, representing MakRIF, expressed the fund’s commitment to supporting young people with innovative ideas. She encouraged students to apply their skills and brand their products to stand out in the competitive market. “Identify challenges in your community and create solutions for them,” she advised.

Ms. Juliet Nabirye

Challenges and Future Prospects

Despite the program’s success, challenges remain. Some schools have expressed concerns about students’ businesses interfering with their studies, fearing that too much focus on entrepreneurship could detract from academic performance. “It can disrupt school programs if students shift their focus entirely to their businesses,” warned a school official.

However, educators like Mr. Hamza Ssebunya, head teacher of Lweru SS, believe that the initiative is vital in shaping a more self-reliant generation. He emphasized that students now understand how to start small businesses like chapati making and vegetable growing, empowering them to earn money even while in school.

Some of the students that participated in the training

As Uganda faces an ongoing youth unemployment crisis—with an estimated 64% of young people out of work—initiatives like the Student Training for Entrepreneurial Promotion (STEP) project offer a glimmer of hope. Dr. David Kabugo, Deputy Director of Makerere University Institute of Teacher Education and Research (MITER), believes that projects like this are essential in addressing unemployment by giving youth the tools to create their own opportunities.

In the words of retired head teacher Mr. Muhammad Bisaso Ntamu, “Real education should encompass knowledge, skills, and values. This project has achieved 70% of what real education should provide.”

Betty Kyakuwa
Betty Kyakuwa

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Online Application for Government Sponsorship for Programmes offered at all Public Universities & other tertiary Institutions for 2025/2026 AY

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The Academic Registrar, Makerere University informs all Head Teachers of Advanced Level (UACE) Schools with UNEB Centre Numbers that applications for admission to Public Universities and other Tertiary Institutions for 2025/2026 Academic Year for Government
sponsorship will be done electronically/online using the Academic Management Information System from 4th November, 2024 to 31st December, 2024. The Public Universities include:·

i) Makerere University
ii) Makerere University Business School
iii) Mbarara University of Science and Technology
iv) Kyambogo University
iv) Gulu University
v) Busitema University
vi) Muni University
vii) Kabale University
viii) Lira University
ix) Soroti University
x) Mountains ofthe Moon University

NB: The list of Other Tertiary Institutions is provided on the online application portal.

The closing date for submitting the application data in the system and acknowledgement form will be 31st December 2024.
There will be no hard copy/manual application forms given to applicants.

Prof. Mukadasi Buyinza
ACADEMIC REGISTRAR

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Mak, MSU and MFAI Partner to Addressing Relationship Violence and Sexual Misconduct (RVSM)

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By Rachael P. Kanyi

Makerere University Gender Mainstreaming Directorate (MakGMD), Michigan States University (MSU) and Michigan Fellows Africa Initiative (MFAI), held capacity building trainings for lecturers and students on Relationship Violence and Sexual Misconduct (RVSM). The two days’ symposium was held from 10th -11th October 2024 at the Makerere University Telepresence Center-Senate Building. Participants across different Colleges including lecturers, senior staff members and students were joined by experts from MSU and civil society organizations at Makerere University.

The keynote speaker who is the Cultural Affairs Officer at the US Mission in Uganda, Amy Petersen commended Mak Gender Mainstreaming Directorate for its great work in fighting against sexual harassment. Amy noted that Mak GMD has on several occasions contacted the U.S Embassy to support the Annual International 16 days of Activism with the goal of enhancing safe learning environments. She mentioned that the embassy has always supported higher institutions leading to a good relationship between the two parties.

Amy Petersen urging the participants to stand strong against Gender related abuses within higher education institutions

She noted that sexual relationship violence is one of the biggest challenges hindering girls from meeting their goals. Amy advocated for more efforts in addressing sexual harassment not only at Makerere University, but also beyond the university pointing to Gender Based Violence (GBV) contribution to the spread of HIV/AIDs in Uganda.

Reiterating the impact of sexual harassment, the Guest of Honor Prof. Sylvia Tamale, a distinguished scholar and human rights defender called upon the Mak GMD to ensure that the sexual harassment policy is implemented. She emphasized the need to revisit the interpretation of the policies against GBV citing instances where the policy may be exploited by perpetrators to commit abuses outside the confines of the university.

“We have the policy and laws on sexual harassment, but we haven’t made them touch the root cause of sexual harassment. Many people haven’t felt its impacts and that’s why most perpetrators tend to intimidate the victims and go away with it. We need to implement every part of this policy and, have these laws enforced,” she said.

Prof. Sylvia Tamale discussing the need to have the laws and policies against sexual harassment touch the root cause of the relationship violence.

Prof. Tamale further disclosed that men too are violated, but the rate of women violation is overwhelming, a sign that women need more protection and education against sexual harassment and Gender Based Violence (GBV). She noted that the root causes of such injustices are anchored in colonial histories, patriarchy and sexuality.

Addressing the participants, the Director Mak Gender Mainstreaming Directorate Dr. Euzobia Mugisha Baine, pointed out that the Directorate has since 2019 handled many cases. She observed that majority of the cases are not reported because the victims fear to be victimized and stigmatized and some are intimidated by the perpetrators. She called upon all university staff and students who face sexual harassment to reach out and file complaints in those cases.

Dr. Euzobia Mugisha Baine making her remarks during the symposium

“Since 2019, the Directorate has registered a number of cases and action has been taken. However, some victims of sexual harassment fear to open up and file cases against the perpetrators for fear of being victimized and being intimidated by the perpetrators. So they keep it to themselves and some give up on the cases, while some victims leave the university and join other universities to continue with their studies,” said Dr. Euzobia Mugisha Baine.

She revealed that the Directorate’s desires to shift the institution from being a reactive to proactive institution when addressing issues of Gender Based Violence. Dr Mugisha Baine called upon staff and students to join the Directorate to campaign for a zero tolerance to sexual harassment culture in the university.

The Director GMD revealed that the directorate has a lot of programs to implement, but it lacks enough resources such as technical human resource and funds. She appreciated Michigan State University for offering the Directorate an opportunity to learn and engage with initiatives from a different context. She emphasized that the Directorate looks forward to implementing some of the knowledge it has acquired.

The Co- founder of Michigan Fellows Africa Initiative (MFAI)  Raymond Musiima noted that partners are purposeful in addressing the persistent challenge of Relationship Violence and Sexual Misconduct (RVSM) within higher education institutions to enhance campus safety, increase support for RVSM victims and survivors through response to developing RVSM cases.

Musiima who is also a student at Michigan State University thanked the Mak Gender Mainstreaming Directorate for its efforts in fighting against sexual harassment in Makerere University pledging partnership continuity with MFAI.

Raymond making his remarks about the MFAI partnership with Mak GMD

Addressing the policy and regulations against sexual harassment, the Executive Director of the Prevention, Outreach and Education (POE) Department under the office of Civil Rights at MSU Kelly Schweda explained that sexual harassment conduct has the purpose or effects of unreasonably interfering with individual’s work or academic performance by creating an intimidating, threatening and hostile offensive working or learning environment.

When sharing the global impacts of gender based violence among men and women, Kelly highlighted that 1 out of 3 women worldwide have experienced gender based-violence and 1 of 10 men experience an instance of GBV during their lifetime necessitating a proactive response when handling the cases. She reminded the participants on the need for each and everyone’s intervention, and tipped the participants on the 5 steps of intervention.

Kelly presenting on how Michigan States University fights against the relationship violence.

Kelly acknowledged the challenge of power and authority where the perpetrator is in high position and takes that as an advantage over the victim and tipped participants on how to handle the situation and the reporting mechanism through use of the 5Ds cautioning them to be mindful of their body language as it speaks volume of what they intended to communicate.

Presenting about the health and unhealthy relationships, the Director for Employee and Graduate Students Programs within the Prevention, Outreach and Education department Mr. Michael Allensworth advised students to avoid toxic relationships. He tipped them on identifying and distinguishing between healthy and unhealthy relationships.

L-R Ms. Carol and Pauline-members of staff at Mak GMD sharing some of the challenges the team faces when addressing sexual harassment issues at the university.

He elaborated on the importance of having boundaries such as time, physical, emotional, conversational, social among other boundaries guiding that its one way to help them keep safe in the university spaces. He stressed to the participants the power of their consent in everything advising them on how to make restrained consents to avoid making wrong decisions.

The workshop was moderated by the Programs Manager Michigan Fellows Africa Initiative Dorcus Asiimwe who reminded the participants that they have a key role to play in ending the sexual violence in their communities.

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