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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
Ritah Namisango

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Makerere University Hosts Landmark East African Universities Debate Championships 2026

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Moment of Truth! Hon. Eng. Cuthbert Abigaba (Centre) presents a trophy to the winning team as DVCAA-Prof. Sarah Ssali, 92nd Vice Guild President-H.E. John Bosco Mubiru and other officials witness on 31st July 2026. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.

Makerere University has once again cemented its place as a regional leader in academic excellence after successfully hosting the East African Universities Debate Championships (EAUDC) 2026, welcoming the continent’s brightest young minds for a week of intellectual competition, cultural exchange, and leadership development.

Held from 26th July to 1st August 2026, the championship brought together more than 200 student debaters, adjudicators and delegates from 25 universities across Uganda, Kenya, Tanzania, Rwanda, South Sudan and other invited institutions, transforming the Ivory Tower into East Africa’s premier arena for ideas, innovation and public discourse.

Impeccable! A participant from South Sudan takes to the podium. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Impeccable! A participant from South Sudan takes to the podium.

The week-long tournament featured rigorous British Parliamentary debate rounds, public speaking competitions, adjudication workshops and networking sessions designed to sharpen critical thinking, leadership and persuasive communication. Participants debated contemporary issues ranging from governance and economic transformation to technology, public health, climate change and Africa’s future.

Speaking at the opening ceremony, the Deputy Vice Chancellor welcomed delegates to Makerere University, emphasizing the institution’s enduring commitment to nurturing graduates who are not only academically accomplished but also capable of leading meaningful conversations that shape society. The championship reflected Makerere’s vision of producing graduates who are innovative, analytical and prepared to address regional and global challenges.

Prof. Sarah Ssali. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Prof. Sarah Ssali.

Beyond competition, EAUDC 2026 became a celebration of East African unity. Delegates experienced Uganda’s rich cultural heritage through social events, campus tours and cultural showcases that fostered friendships beyond national borders. The interactions reinforced the championship’s belief that dialogue remains one of the strongest foundations for regional integration and peaceful cooperation.

The tournament concluded with an electrifying Grand Finale witnessed by students, alumni, university leaders, invited guests and debate enthusiasts. The Chairperson of the Parliamentary Committee on Education and Sports Hon. Eng. Cuthbert Abigaba represented the Speaker of Parliament as the Guest of Honour. In his remarks he congratulated Makerere University on the successful event and encouraged debate among students.

The Guest of Honour, Hon. Eng. Cuthbert Abigaba. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
The Guest of Honour, Hon. Eng. Cuthbert Abigaba.

Prof Sarah Ssali the Deputy Vice Chancellor in charge of Academic Affairs at Makerere University pledged continuous support from the administration towards Makerere Debate Union. Teams demonstrated exceptional research, analytical reasoning and eloquence before a distinguished panel of international adjudicators, bringing to a close one of the most competitive editions of the championship.

The successful hosting of EAUDC 2026 marks another milestone in Makerere University‘s growing reputation as a centre of excellence for debating and public speaking. The event builds on the university’s long-standing tradition of producing outstanding debaters while providing students with opportunities to engage with peers from across the region in meaningful intellectual exchange.

Hon. Eng. Cuthbert Abigaba (Left) receives Makerere Souvenirs from Prof. Sarah Ssali (Right). East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Hon. Eng. Cuthbert Abigaba (Left) receives Makerere Souvenirs from Prof. Sarah Ssali (Right).

As the championship drew to a close, participants departed Kampala with new friendships, stronger networks and renewed inspiration to continue using debate as a tool for leadership, democratic participation and social transformation.

Hon. Eng. Cuthbert Abigaba and Prof. Sarah Ssali (Centre) enjoy a photo moment with a section of participants. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Hon. Eng. Cuthbert Abigaba and Prof. Sarah Ssali (Centre) enjoy a photo moment with a section of participants.

With the East African chapter successfully concluded, attention now turns to the Pan-African Universities Debating Championship (PAUDC) 2026, where Makerere University will once again represent East Africa on the continental stage.

Some of the smiles that lit up EAUDC Zaabu. East African Universities Debate Championships 2026 (EAUDC ZAABU) Closing Ceremony, 31st July 2026, Main Hall, Makerere University, Kampala Uganda.
Some of the smiles that lit up EAUDC Zaabu.

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Makerere University Newsletter Apr-Jun 2026

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Cover Page of the Makerere University Newsletter Apr-Jun 2026. Kampala Uganda, East Africa.

This April–June 2026 edition of the Makerere University Newsletter captures a decisive push toward becoming a research-led institution. Vice Chancellor Prof. Barnabas Nawangwe’s college engagements emphasized prioritizing graduate training to ensure research addresses Uganda’s and Africa’s development needs.

New Memoranda of Understanding are deepening collaborative research, staff and student exchanges, and the conversion of knowledge into practical solutions. The upgraded Makerere Financial Management System (Mak-FMS), launched this quarter, exemplifies institutional innovation by enabling fully paperless financial processes that boost efficiency, transparency and accountability.

Individual achievement also highlights our global reach. Mr. Kiggundu Muhammed’s win in the University of Groningen’s Erasmus+ African Perspectives Video Contest showcases how Makerere minds contribute distinctive African insights to international discourse. Complementary efforts, such as the sign-language training for undertaking Pharmacy students, demonstrate research-informed practice that advances inclusive service delivery.

The upgraded Makerere Financial Management System (Mak-FMS), launched this quarter, exemplifies institutional innovation by enabling fully paperless financial processes that boost efficiency, transparency and accountability.

Together, these developments confirm that Makerere’s research output is growing in both scale and relevance. As Makerere natures cultivate the next generation of scholars and innovators, we remain committed to producing knowledge that transforms lives, strengthens communities, and positions Uganda as a continental leader in higher education and innovation. As We Build for the Future

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Freshers’ Joining Instructions 2026/2027

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Main Building in the background. Photo taken on 1st April 2026

Dear Students; Class of 2026/2027

It is both an honour and a privilege to welcome you to Makerere University, Uganda’s oldest and premier institution of higher learning, and one of Africa’s most respected centres of scholarship, research and innovation. On behalf of the University Senate and the Office of the Academic Registrar, I extend my heartfelt congratulations to each one of you upon your admission to Makerere University for the 2026/2027 Academic Year.

Today marks the beginning of one of the most important chapters of your lives. It is a day that signifies not only your admission to a great university, but also your acceptance into a community of scholars committed to the pursuit of knowledge, the advancement of society, and the service of humanity. You have earned your place here through determination, sacrifice and hard work. Behind every student seated here is a story of perseverance, encouragement from parents and guardians, dedication from teachers, and personal commitment to excellence. To all who have contributed to this achievement, we express our sincere appreciation.

As you join Makerere University, you become part of a remarkable legacy that spans more than a century. For generations, Makerere has stood as a beacon of academic excellence on the African continent. It has nurtured leaders in government, business, academia, science, education, the arts and many other professions. Its graduates have shaped public policy, advanced scientific discovery, built thriving enterprises and transformed communities across Uganda, Africa and the world. Today, you inherit that proud tradition. More importantly, you are called upon to enrich it through your own achievements and contributions.

The world you are entering is changing rapidly. Advances in artificial intelligence, biotechnology, digital innovation and data science are transforming every profession. Nations are grappling with climate change, public health challenges, food insecurity, unemployment, governance concerns and widening inequalities. These realities demand graduates who are not only knowledgeable, but also innovative, adaptable, ethical and committed to finding practical solutions to society’s most pressing challenges. Makerere University is committed to preparing you for that responsibility. Our vision is not simply to produce graduates, but to develop critical thinkers, responsible citizens, innovators and leaders who will make meaningful contributions to national development and global progress.

Dear Fresh Students,

University education is fundamentally different from the education you have previously experienced. At Makerere, learning is not confined to the lecture room. It requires curiosity, discipline and personal responsibility. Your lecturers will guide you, challenge your thinking and provide opportunities for intellectual growth, but the responsibility for learning rests with you. Attend your lectures consistently, participate actively in discussions, read widely beyond the prescribed materials, complete your assignments diligently and prepare adequately for your examinations. Success at university is rarely the result of extraordinary intelligence alone; more often, it is the product of consistent effort, effective time management and unwavering commitment.

As Academic Registrar, allow me to emphasise the importance of understanding and complying with the University’s academic regulations. These regulations exist to ensure fairness, transparency and the integrity of our academic processes. Complete your registration within the stipulated timelines, familiarise yourselves with the Academic Calendar and the Students’ Regulations, and regularly access your academic information through the Academic Management Information System (ACMIS). Always seek guidance whenever you encounter academic or administrative challenges. Our offices are here to support your success.

One value that must remain central throughout your academic journey is integrity. Your degree will derive its true worth not only from the knowledge you acquire, but also from the honesty with which you earn it. Academic dishonesty, including plagiarism, examination malpractice, falsification of documents and any other form of misconduct, undermines the very purpose of higher education. Protect your reputation and uphold the good name of Makerere University by conducting yourselves with honesty, responsibility and professionalism in all that you do.

While academic excellence remains our primary focus, I encourage you to embrace the broader university experience. Makerere University offers countless opportunities to develop your talents beyond the classroom. Participate in research, innovation, entrepreneurship, leadership, sports, cultural activities, volunteer programmes and community engagement initiatives. These experiences will enrich your education, strengthen your confidence and prepare you for leadership in an increasingly interconnected world. Some of the most valuable lessons you will learn at Makerere will come through collaboration, service and engagement with people from different backgrounds and cultures.

You have joined one of the most diverse academic communities in the region. Within this University you will meet colleagues from every region of Uganda and from many countries across Africa and beyond. Embrace this diversity with respect, openness and humility. Learn from one another. Build lasting friendships. Listen to different perspectives and appreciate that diversity is one of our greatest strengths. The networks you establish during your years at Makerere may become lifelong friendships, professional partnerships and opportunities that shape your future.

As you pursue your studies, remember that the University community is built on mutual respect and shared responsibility. Conduct yourselves with dignity both on and off campus. Respect your lecturers, fellow students and members of staff. Use social media responsibly and appreciate that your actions, whether online or offline, contribute to your personal reputation and that of the University. Leadership begins with character, and character is demonstrated through the choices we make every day.

There will undoubtedly be moments when university life becomes challenging. You may encounter difficult coursework, financial constraints, personal struggles or moments of uncertainty. Such experiences are not unusual, nor do they define your future. What matters is how you respond to them. Do not hesitate to seek assistance from your lecturers, academic advisers, counsellors or fellow students. Makerere University is committed to supporting your academic, personal and professional development, but you must also be willing to seek help whenever you need it. Resilience, perseverance and a positive attitude often distinguish those who succeed from those who give up too soon.

Dear Students,

Leadership is not reserved for those who hold positions of authority. Leadership begins with taking responsibility for your own actions, influencing others positively and serving your community with integrity. Throughout your time at Makerere, I encourage you to cultivate the qualities of ethical leadership, critical thinking, innovation and service. Challenge yourselves to become solution providers rather than problem identifiers. Ask yourselves not only how you will build successful careers, but also how your knowledge and skills will improve the lives of others and contribute to the development of Uganda, Africa and the wider world.

Among you are future scientists who will develop life-changing innovations, future entrepreneurs who will create employment opportunities, future judges who will uphold justice, future medical professionals who will save lives, future teachers who will inspire generations and future public servants who will shape national policy. The opportunities before you are immense, but they must be matched by discipline, humility and a commitment to lifelong learning.

As you begin this journey, remember that every lecture attended, every book read, every assignment completed and every meaningful friendship formed contributes to the person you will become. Make each day count. Pursue excellence not for recognition alone, but because excellence is a habit that shapes character and transforms lives.

As I conclude, I leave you with a simple but profound challenge. During your years at Makerere University, do not merely strive to obtain a degree. Strive to become a person of knowledge, integrity, compassion and purpose. Let your education inspire you to think boldly, act ethically and serve selflessly. Let your years at Makerere prepare you not simply for employment, but for leadership; not merely for personal success, but for meaningful impact.

On behalf of the University Senate and the Office of the Academic Registrar, I warmly welcome you to Makerere University. We are proud to receive you at this great institution, and we look forward to witnessing your growth into graduates who will uphold the values, traditions and reputation of Makerere University wherever life may lead you.

I wish you every success in your academic journey.

Welcome to Makerere University, and may God bless you all.

I thank you for your kind attention.

We Build For the Future.

Professor Buyinza Mukadasi (PhD)
Academic Registrar

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