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MURBS has declared 13.40% interest on members’ balances for the financial year that ended on 30th June 2024.

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By: Ritah Namisango

Dr. Elizabeth Patricia Nansubuga, Chairperson of the Makerere University Retirement Benefits Scheme (MURBS) Board of Trustees, announced this milestone during the 14th Annual General Meeting (AGM) for the year 2023/24 held on Thursday, 24th October 2024, at Makerere University Main Campus, School of Public Health Auditorium.

The AGM attracted various stakeholders, including trustees, Audit Committee Chairperson CPA David Ssenoga, Board Evaluation Consultant Vincent Kaheeru, URBRA Representative Mark Lotukei, Audit Committee members, co-opted members, and university administrators.

Presenting the performance report, on behalf of the Board of Trustees, Dr. Nansubuga highlighted that this is the highest interest declared by the scheme in the past five years, and she anticipates continued improvements. She noted that for the previous financial year, which ended in June 2023, the Board of Trustees declared an interest an interest of 12.34%.

Dr Nansubuga also announced that the scheme has achieved a Net Investment Income of UGX 44.6 billion, far higher than the UGX34.4 billion collected in Contributions during the year.

The Chairperson of the Board also revealed that the fund value had grown from UGX352.4 billion recorded at the end of the last financial year to UGX409.2 billion, indicating an increase of 16.1%.

“By 30th June 2023, MURBS had a fund value of UGX 352.4 billion. The Board of 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 UGX 409.2 billion, which is an increase of 16.1%. 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 reported.

Dr. Elizabeth Patricia Nansubuga(Centre) responding to questions from members.

She attributed the positive growth to factors such as improved debt recovery, operational efficiency, timely remittance of contributions by the sponsor (Makerere University), an increase in project and contract contributions, and the recovery of UGX8.85 billion in debts.

Dr. Nansubuga also expressed gratitude to Makerere University, the scheme’s sponsor, for consistently remitting contributions, a key factor that has significantly contributed to MURBS’ smooth operation. “I am happy to announce that the sponsor-Makerere University remitted your retirement benefits for the financial year 2023/24,” she said.

In the same development, Dr. Nansubuga reported that MURBS registered a legal victory against Uganda Revenue Authority (URA) over a real estate investment in Sonde undertaken in 2019, and which URA sought to tax heavily. She notified the AGM that MURBS won the case and was awarded costs which also set a precedent.

Consultant Mr. Vincent Kaheeru and CEO of Profiles International

“On behalf of the Board of Trustees, I am pleased to inform you that during the financial year, we received a favorable outcome on a key court case. How did we end up with this case? In 2019, MURBS invested in real estate, we bought land in Sonde,” Dr Nansubuga explained.

“Uganda Revenue Authority (URA) then charged us with a tax assessment worth UGX600 million. It has been four (4) years in the tax appeals tribunal. Since then, the lawyers, the former and current trustees, have been appearing before the appeals tribunal, but in December 2023, MURBS won the case. We challenged URA, and this case was awarded with costs. URA has to pay MURBS. We therefore saved UGX600 million,” she added.  

In terms of governance, Dr Nansubuga said that the scheme made changes in the board. Initially, the trustees were six and they needed a seventh member, and following a competitive race, they recruited another trustee; CPA Edina Rugumayo who has over thirty years in accounting.

Part of the MURBS members who physically attended the Annual General Meeting

“In terms of governance, we continue to uphold good governance practices and we align with international standards. Last year during the presentation, I said we were six and we needed to have the seventh trustee because the Board composition is supposed to be seven,” she explained.

“So, following a competitive process, we recruited an independent trustee. It was a very competitive position. You must have served on board which has over UGX50 billion. So, from that process, we were able to recruit CPA Edna Rugumayo Simbwa. She is a certified public accountant with over thirty years of experience in accounting, taxation, and corporate governance,” she mentioned.

She also thanked other stakeholders for making sure that MURBS activities run smoothly. These entities include Makerere University, KPMG, Gen Africa, Arcadia Advocates, Zamara, URBRA, and Stanbic Bank among others.

While discussing investments, Dr. Nansubuga mentioned that 86% of MURBS’ funds are currently invested in government bonds, but added that the Board is exploring diversification to reduce risks. 

“86% percent of our money is invested in government bonds, and sometimes, you do not have to put all your eggs in one basket, there is a high concentration of risk. so that is one of the key material risks that we want to address to reduce the amount we have in government securities. We want to diversify our portfolio and avoid investing heavily in government securities. The Board will venture into other fields in order to earn money or return on investment from the diverse undertakings,” she said.

Mr. Mark Lotukei, represented the CEO of Uganda Retirement Benefits Regulatory Authority

In terms of membership, Dr. Nansubuga reported a 4.4% increase, with the number of members rising from 8,229 to 8,590. She attributed this growth to the reinstatement of in-house beneficiaries and an increase in project and contract staff.

Dr. Kakuba also thanked the sponsor-Makerere University for remitting the membership contributions timely which has helped the scheme to grow.

Dr. Godwin Kakuba -Secretary, MURBS Board of Trustees, who presented the record of the 13th Annual General Meeting stressed that the AGM climaxes a financial year and the Board of Trustee has been vigilant on this and has not missed any AGM for 14 years now.

“We applaud the sponsor because many of these positives in the chairperson’s report can only be attributed to the support by the sponsor through fulfilling the obligation of remitting members’ contributions to the scheme,” he added.

Dr. Godwin Kakuba (L) and Asad Ssenoga

Partner Asad Ssenoga, an independent auditor who audited the scheme said that he was impressed with the level of compliance that the scheme exhibited in all aspects. He said they focused on ensuring that the member contributions are supported with statements and allocated to members appropriately.

“Overall we were satisfied with the work we did on the audit, the numbers that were presented by the Chairperson are the correct numbers that we audited. We were comfortable with those numbers, due process was followed during the audit,” he said.

Mr. Mark Lotukei who represented the CEO of Uganda Retirement Benefits Regulatory Authority (URBRA) thanked the Trustees for always prioritizing governance, which has helped them to reach several milestones.

Members of the MURBS Secretariat led by Ms Susan Khaitsa(Centre)

“As URBRA, we look at governance as the biggest component of our compliance. MURBS Trustees from the former to the current, have taken governance as the most important aspect. We really encourage them to continue with this good practice because governance informs all the other aspects,” he said.

Mr. Arthur Kibira, a member in attendance, expressed his appreciation for the Board’s efforts. He urged them to explore higher-risk investments for potentially greater returns. He expressed concern over the scheme’s heavy reliance on government bonds.

“Dr Elizabeth Nansubuga, I want to congratulate you, and your team and also congratulate ourselves. But, I want to believe that there is room for improvement. I am one of those who do not believe that the sky is the limit, we are limited by our own thinking. I am thinking that high risks give high returns. Is there a way of managing those risks, so that we could push this 13.40% interest to a figure much higher? If we do so, we shall say we have learnt how to manage risks,”, he guided.

Ritah Namisango
Ritah Namisango

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Press Statement: Makerere 76th Graduation Ceremony

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Prof. Barnabas Nawangwe (Centre) presents one of the printed batches of transcripts the Registrar College of Computing and Information Sciences (CoCIS)-Ms. Ruth Iteu Eyoku (2nd Right) as Right to Left: DVCAA-Prof. Sarah Ssali, AR-Prof. Buyinza Mukadasi and Ms. Prossy Nakayiki witness on 28th January 2026. Vice Chancellor's Press Briefing on the 76th Graduation due to be held 24th-27th February 2026 at Makerere University, Kampala Uganda, East Africa.

Makerere University’s 76th graduation ceremony will be held from February 24th – 27th, 2026, at the Makerere University Freedom Square, starting at 8.30am. During the 76th graduation ceremony, we shall confer degrees and award certificates to 185 PhDs, 2034 Masters, 6,043 bachelors, 137 postgraduate diplomas and 33 diplomas.

I am proud to announce that in comparison to the 75th graduation, we have registered a 30% growth in graduate student output. This is a result of our strategic decision to prioritize graduate education per our research-led agenda.

I also wish to announce that the transcripts have been finalized and are ready for pick up. Today, I am handing over the ready transcripts to the College principals and can be picked up from respective Colleges even before the graduation ceremony.

Important to Note:

In preparation for the graduation ceremony, the University wishes to note the following:

  1. Pre-graduation clearances
    Graduands are reminded to clear all necessary payments such as tuition and all graduation
    fees. It is also important to check with your College to ensure your name is on the graduation
    list and all mandatory clearances with university officials have been finalized. Note and
    internalize the graduation schedule (attached) to know which day you are graduating.
  2. Securing the graduation gowns
    Graduation gowns will be issued starting from 2nd February 2026 from the University Hall (Dinning Hall), Monday to Friday, from 9am to 4pm. To collect your gown, check and ensure your name appears on the Senate Graduation list, present your student number or National ID, and proof of payment for the gown.
  3. Security requirements
    • Attendance: For each day of graduation, entrance to the graduation ground will be by invitation only. Graduands will be issued with invitation cards which permits two guests per graduand. Do not come with more than two people or they will not be allowed access to the graduation venue. Graduands are encouraged to arrive to settle at the Freedom Square by 7am on graduation day to for a seamless flow of planned activities including the necessary security checks.
    • Prohibited items: Prohibited items include firearms, sharp instruments like mirrors and knives, alcohol, cell or batteries and chemicals, canned food and drinks, laptops, flashes and hard disks, radios including pocket radios, bottled drinks, cameras, large bags or any other heavy items.
    • Media: All media and journalists who wish to cover the ceremony must be pre-accredited by the Makerere University Public Relations office or they will not be allowed to access the ceremony venue. The access point for accredited media personnel will be the Senate Building.
    • Parking: There will be two designated parking areas; Rugby Grounds for those coming through the Eastern and Main Gate; and the second one is the Makerere University Main Grounds at Makerere College School. For VVIPs, VIPs and procession parking will be at CTF1, Directorate of Legal parking, St Francis and St Augustine parking, JICA and Senate Building.
    • Access Control: To ease traffic flow and management, the University has planned three access points to the graduation venue: the School of Social Sciences, Senate Building and the University Swimming Pool.
  4. For help and inquiries
    • Starting February 2, 2026, the Academic Registrar ’s Office and Graduation Committee will set up an information tent outside the Senate Building to provide guidance and handle all inquiries pertaining to graduation.


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Re-Advert for the Position of the Second Deputy Vice Chancellor

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An aerial shot of the Main Building, as taken by a drone over the Freedom Square with Left to Right: CHUSS, St. Francis, St. Augustine and CAES Buildings and the Kikoni area (Background) in view. Makerere University, Kampala Uganda, East Africa.

Makerere University is governed by the Universities and Other Tertiary Institutions Act, Cap 262. The University is seeking applications from suitably qualified applicants for the position of Second Deputy Vice-Chancellor. The Second Deputy Vice Chancellor holds a pivotal role in financial governance, institutional planning, and administrative leadership.

1.        POSITION:  SECOND DEPUTY VICE-CHANCELLOR

2.        SALARY SCALE: PU2

3:        DUTY STATION: MAKERERE UNIVERSITY

  4.       ROLE

The Second Deputy Vice-Chancellor will report to the Vice–Chancellor and shall:

  1. Assist the Vice Chancellor in performance of his or her functions and in that regard shall oversee the finances and administration of the University;
  2. Be responsible for the Planning and Development of the University and,
  3. Perform such other functions that may be delegated to him or her by the Vice Chancellor or assigned by the University Council.

5.         PURPOSE OF THE JOB

To provide strategic leadership and ensure efficient and sound financial, human and fiscal resources management in the University.

6.         DUTIES AND RESPONSIBILITIES

  1. Provide leadership in Strategic planning and governance, leadership and administrative experience, Human resource and performance Management, Stakeholder engagement and collaboration.
  2. Provide leadership in preparation and implementation of the University’s recurrent and capital budgets.
  3. Monitor the development and implementation of the University’s accounting procedures, manuals and other documents relating to financial control and Management as per approved financial regulations.
  4. Oversee income and expenditure of all income generating units of the University.
  5. Coordinate the production of the University-wide Financial Reports by Colleges and Units.
  6. Management of human resources in the University.
  7. Oversee the management of University Estates and Assets.

7.  CANDIDATE SPECIFICATION

  1. Hold a PhD or any other academic doctorate.
  2. Be at the rank of associate or full professor level in an institution whose academic ranking is comparable with that of Makerere University as accepted by Senate.
  3. Be a Ugandan citizen within the age bracket of 40 to 65 years at the time of application.

7.1 Academic Qualifications

  1. Earned a Ph.D. or equivalent doctorate should be acceptable by Senate.
  2. At least five years of financial or administrative leadership experience at the level of school dean/director or higher in a higher education institution, public service, or corporate institutions.
  3. Supervised at least ten (10) postgraduate students (Master’s and Ph.D.) to completion. At least three of the students must be at the PhD level.

7.2 Strategic Planning and Governance

  1. Experience in leading large administrative teams at the level of dean or higher, demonstrating efficiency and productivity.
  2. Proven record in developing and executing strategic plans, aligning financial and administrative objectives with institutional goals.
  3. Evidence of developing and implementing financial policies that have improved financial efficiency, transparency, and risk management.
  4. Evidence of implementing organisational restructuring or process improvements to ensure operational efficiency.
  5. Ability to develop and implement institutional policies, ensuring compliance with national higher education and financial regulations.

7.3 Leadership & Administrative Experience

  1. Minimum 5 years of senior academic leadership in a recognized institution comparable with that of Makerere University, as accepted by Senate.
  2. Demonstrated experience in managing budgets exceeding UGX 500,000,000=, ensuring financial sustainability and accountability.
  3. Proven ability to mobilize resources, secure grants, and attract external funding to support institutional growth.
  4. Experience in conducting financial forecasting, cost control measures, and investment strategies to optimize institutional resources.
  5. Track record of leading financial audits and compliance assessments in alignment with national and international financial regulations.
  6. Experience in handling procurement, asset management, and infrastructure development, ensuring transparency and value for money.

7.4       Human Resource and Performance Management

  1. Track record of leading workforce planning, recruitment, and talent development strategies, ensuring a high-performance institutional culture.
  2. Experience in implementing performance-based appraisal systems, leading to improved staff efficiency and accountability.
  3. Proven ability to foster industrial harmony, resolving labour disputes and improving employer-employee relations.

7.5        Infrastructure Development and Resource Optimization

  1. Experience in overseeing capital development projects, ensuring timely delivery and cost efficiency.
  2. Track record of overseeing the maintenance and expansion of university facilities, enhancing institutional infrastructure.
  3. Proven ability to negotiate and manage contracts for outsourced services, ensuring cost-effectiveness and quality standards.

7.6          Digital Transformation and ICT Integration

  1. Experience in integrating ICT solutions in financial and administrative operations, improving service delivery and efficiency.
  2. Evidence steering the automation of financial, procurement, and HR systems, reducing paperwork and improving real-time decision making.
  3. Proven ability to implement cybersecurity measures that safeguard institutional financial and administrative data.

7.7          Stakeholder Engagement & Collaboration

  1. Demonstrated experience in building partnerships with government agencies, donors, private sector investors, and international organizations to enhance institutional funding.
  2. Proven ability to engage faculty, students, and staff in financial decision-making, ensuring transparency and inclusivity.
  3. Experience in negotiating contracts, partnerships, and collaborations that have led to financial and administrative growth.

7.8        Personal Attributes

  1. High level of integrity, transparency, and ethical leadership, with a record of financial prudence.
  2. Strong analytical, problem-solving, and decision-making skills, backed by evidence of successfully managing complex financial and administrative challenges.
  3. Excellent communication, negotiation, and interpersonal skills, ensuring effective stakeholder engagement.
  4. A visionary leader with the ability to drive financial sustainability. administrative efficiency, and institutional growth.

8.         REMUNERATION

An attractive remuneration package that is in accordance with Makerere University terms and conditions of service.

9.         TENURE

The Second Deputy Vice Chancellor shall hold office for a period of five years   and shall be eligible for re-appointment for one more term.  

10.       METHOD OF APPLICATION

Interested applicants are invited to submit their application letters. The following documents shall comprise a complete application:

  1. A signed letter of application;
  2. A vision statement;
  3. Curriculum Vitae with contact details signed and dated by the applicant;
  4. Copies of required minimum number of publications;
  5. Certified copies of academic transcripts and certificates;
  6. Three (3) letters of recommendation;
  7. Copies of letters of appointment to leadership positions at the level of Dean of a School in a national accredited university or other academic institution;
  8.  A copy of the applicant’s National Identity Card or passport;
  9. A copy of the last clearance from the Inspector General of Government or other equivalent national body;
  10. Referees should be advised to send confidential reference letters, addressed to the Chairperson Search Committee for the Position of Second Deputy Vice Chancellor and delivered directly to the address below by 5:00 pm on Friday 13th February, 2026;
  11. The references should cover the following areas: the applicant’s academic credential, experience, leadership, managerial and administrative skills and personal integrity.

Both Hardcopy and Electronic (Email) applications shall be accepted.

  1. Hardcopy applications: Both confidential letters and sealed applications marked “CONFIDENTIAL: POSITION OF SECOND DEPUTY VICE CHANCELLOR” should be addressed to:

SECRETARY SEARCH COMMITTEE

THE ACADEMIC REGISTRAR

MAKERERE UNIVERSITY

6TH Floor, ROOM 602, SENATE BUILDING

P.O.BOX 7062, KAMPALA, UGANDA

  1. Electronic media (e-mail) applications should have all the above documents scanned and emailed to search.dvcfa@mak.ac.ug by 5.00 pm East African Standard Time on Friday 13th February, 2026.

Please note that:

  1. Incomplete applications or applications received after the closing date and time will not be considered.
  2. Only shortlisted applicants shall be contacted.
  3. Applicants who responded to the advertisements published on 31st December 2025 (The New Vision) and 2nd January 2026 (The Daily Monitor) do not need to re-apply.

For more Information and inquiries: 

Visit our website https://mak.ac.ug/search-for-dvcs OR email us on search.dvcfa@mak.ac.ug OR Call Telephone number: +256-414-532634 during working hours (between 8:00 am to 5:00 pm Monday to Friday).

MAKERERE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER

Prof. Mukadasi Buyinza

ACADEMIC REGISTRAR

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Press Statement: Makerere University Congratulates Former Staff and Students on Successful Election to Public Office

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An aerial photo of Clockwise Top Left to Right: St. Francis Chapel, Main Building, CAES, JICA Building, Chemistry Building, Mathematics, School of Statistics, Main Library, Yusuf Lule Central Teaching Facility, CoBAMS, EPRC, IGDS and the Freedom Square. Makerere University, Kampala Uganda, East Africa.

Makerere University warmly congratulates its former staff and students who emerged victorious in the 2026 national elections. Their success is a source of immense pride to the University and a strong affirmation of Makerere’s efforts to not only nurture academic excellence but also free expression and leadership. It is evidence of Makerere’s enduring impact and contribution to leadership, public service, and national development.

We are particularly pleased to recognize the following distinguished members of the Makerere University community who emerged victorious:

  1. Dr. Kiyonga Crispus Walter, Chancellor of Makerere University, on his election as MP for Bukonzo West.
  2. Rt. Hon. Tayebwa Thomas, former Chair, Finance, Planning, Administration, and Investment Committee of the University Council, on his re-election unopposed as MP for Ruhinda North and approval by the NRM Central Executive Committee (CEC) as Deputy Speaker 12th Parliament.
  3. Mr. Kabaasa Bruce Balaba, Chair, Finance, Planning, Administration, and Investment Committee of the University Council, on his election as MP for Rubanda County West.
  4. Hon. Nobert Mao, former Guild President, on his re-election as MP for Laroo-Pece.
  5. Mr. Alionzi Lawrence, former Guild President of Makerere University, on his election as Lord Mayor of Arua City.
  6. Mr. Maseruka Robert, former Guild President of Makerere University, on his election as MP for Mukono South.
  7. Mr. Gyaviira Lubowa Ssebina, former Deputy Bursar of Makerere University, on his election as MP for Nyendo–Mukungwe.
  8. Prof. Lubega George Willy, former Staff at College of Veterinary Medicine, Animal Resources and Biosecurity (COVAB), on his election as MP for Bugangaizi South.
  9. Prof. Ahebwa Wilber Manyisa, former Staff at College of Agricultural and Environmental Sciences (CAES), on his election as MP for Nakaseke North.
  10. Dr. Asiimwe Florence Akiiki, former Staff at College of Humanities and Social Sciences (CHUSS), on her election as Woman MP for Masindi District.
  11. Dr. Kasigwa Gerald, former Staff at College of Business and Management Sciences (CoBAMS), on his election as MP for Kigorobya County.
  12. Hon. Adeke Anna Ebaju, former Guild President, on her re-election as Woman MP for Soroti District.
  13. Hon. Onekalit Denis Amere, former Guild President, on his re-election as MP for Kitgum Municipality.
  14. Hon. Karuhanga Gerald, former Guild President, on his re-election as MP for Ntungamo Municipality.
  15. Hon. Aber Lillian, former Vice Guild President, on her re-election as Woman MP for Kitgum District.
  16. Hon. Nyamutoro Phiona, former Vice Guild President, on her election as Woman MPfor Nebbi District.
  17. Dr. Lakisa Mercy Faith, former Vice Guild President, on her election as Woman MP for Alebtong District.
  18. Ms. Lenia Charity Kevin, former Vice Guild President MUBS, on her election as MP for Vurra County.
  19. Dr. Nambassa Shamim, former Guild President, on her election as LC V Woman Councilor for Kawempe South.
  20. Dr. Nalukwago Judith, former Vice Guild President, on her election as LC V Woman Councilor for Makindye West.
  21. Ms. Nattabi Margaret, former Vice Guild President, on her election as Female Youth Councilor for Mukono Municipality.
  22. Mr. Kizito Abasi, former Guild Minister, on his election as LC V Chairman for Lwengo District.
  23. Ms. Ssonko H. Namuganga, former Guild Minister, on her election as Female Youth Councilor for Kalungu District.

Makerere values dialogue, democracy, and responsible citizenship, and continues to make deliberate and progressive efforts to enhance participation in leadership and governance. We are confident they will serve with dedication, wisdom, and integrity.

We Build for the Future.

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